THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC

EIN: 462953382 501(c)(3) Education

SAN DIEGO, CA

Total Revenue
$6,065,545
Total Expenses
$6,544,005
Total Assets
$2,633,857
Net Assets
$-421,454
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
Ghassan Kassab
Phone
8582497407
Tax Period
2023-01-01 to 2023-12-31

THE CALIFORNIA MEDICAL INNOVATIONS INSTITUTE INC, founded in 2013, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

Bringing together physical and life science researchers, clinicians, engineers/ and computational scientists to address the significant health care challenges of heart and vascular disease, obesity, and metabolic disorders through a multi-scale understanding of organ systems.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,755,723
Program Service Revenue $290,584
Investment Income $18,383
Other Revenue $855
TOTAL REVENUE $6,065,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,483,128
Fundraising Expenses $0
Program Expenses $5,781,488
Other Expenses $4,060,877
TOTAL EXPENSES $6,544,005

Year-over-Year Comparison

2023 2022 Change
Revenue $6,065,545 $4,347,402 +0.4%
Expenses $6,544,005 $5,185,091 +0.3%
Net Income $-478,460 $-837,689 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
2
Employees
33
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$565,836
Total Directors
4
$489,225
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ghassan Kassab Chairman 30.00
Officer Director
$204,969 $49,713 $254,682
HANS GREGERSEN President & CEO 40.00
Officer Director
$199,374 $35,169 $234,543
BHAVESH PATEL ASSC RESEARCH PROF 40.00
$153,628 $28,042 $181,670
JENNY CHOY RESEARCH PROFESSOR 40.00
$136,449 $25,435 $161,884
ISMAIL QADDOURA IT MANAGER 40.00
$107,194 $32,535 $139,729
SANJAY SOUNDARAJAN ASSC RESEARCH PROF 40.00
$104,764 $15,835 $120,599
LIGIA AMEZCUA THRU JUNE 2023 Sec/CFO 40.00
Officer
$64,116 $12,495 $76,611
JULIUS GUCCIONE BOARD MEMBER 2.00
Director
$0 $0 $0
ABDULKADER RAHMO BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,065,545 $6,544,005 $2,633,857 $-478,460
2022 $4,347,402 $5,185,091 $3,274,586 $-837,689
2021 $4,738,580 $4,996,118 $1,568,920 $-257,538
2020 $4,569,221 $4,807,994 $1,883,185 $-238,773
2019 $4,860,792 $4,443,967 $1,830,404 $416,825
2018 $5,235,549 $4,607,301 $1,376,275 $628,248
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