INSTITUTE FOR PUBLIC HEALTH INNOVATION (EIN 463039129) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

MICHAEL E RHEIN

Phone

2027473512

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE FOR PUBLIC HEALTH INNOVATION, founded in 2013, is a mid-sized nonprofit in the Human Services sector that reported $10.7M in total revenue in fiscal year 2024.

Mission

IPHI DEVELOPS MULTI-SECTOR PARTNERSHIPS AND INNOVATIVE SOLUTIONS TO IMPROVE THE PUBLIC'S HEALTH AND WELL-BEING ACROSS MARYLAND, VIRGINIA AND THE DISTRICT OF COLUMBIA. OUR WORK STRENGTHENS HEALTH SYSTEMS AND POLICY, ENHANCES CONDITIONS THAT PROMOTE HEALTH, AND BUILDS COMMUNITY CAPACITY TO ENSURE EQUITABLE HEALTH OPPORTUNITIES FOR ALL.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,269,903

Program Service Revenue $1,870,425

Investment Income $545,181

Other Revenue $16,397

TOTAL REVENUE $10,701,906

Expense Breakdown

Grants Paid $2,058,497

Salaries & Benefits $6,150,102

Fundraising Expenses $154,994

Program Expenses $8,909,115

Other Expenses $3,037,382

TOTAL EXPENSES $11,245,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,701,906	$11,123,639	0.0%
Expenses	$11,245,981	$11,730,729	0.0%
Net Income	$-544,075	$-607,090	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$267,359

Total Directors

Key Employees

$187,153

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI JACKSON	CHAIR	2.00	Officer Director	$0	$0	$0
OLIVIA FARROW	SECRETARY	2.00	Officer Director	$0	$0	$0
TANYA EDELIN	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA BROOKMYER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS REVERE	DIRECTOR	2.00	Director	$0	$0	$0
ALISON REIN	DIRECTOR	2.00	Director	$0	$0	$0
CECILIA BARBOSA	DIRECTOR	2.00	Director	$0	$0	$0
PAULA MASTERS	DIRECTOR	2.00	Director	$0	$0	$0
SEIJI HAYASHI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL RHEIN	PRESIDENT & CEO	40.00	Officer	$239,575	$27,784	$267,359
MICHAEL ROYSTER	SENIOR VICE PRESIDENT	40.00	Key Emp	$161,744	$25,409	$187,153
CAROLYN ANN PADOVANO	SENIOR DIRECTOR	40.00	Highest	$157,261	$24,313	$181,574
DON OBEN	HUMAN RESOURCES DIRECTOR	40.00	Highest	$118,136	$22,695	$140,831
ABBY CHARLES	PROGRAM DIRECTOR	40.00	Highest	$115,770	$18,014	$133,784
AMBER MCSPADDEN	SENIOR PROGRAM MANAGER	40.00	Highest	$109,637	$21,456	$131,093
VALERIE MCCALLISTER	SENIOR PROGRAM MANAGER	40.00	Highest	$103,693	$19,232	$122,925

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
2025	$10,701,906	$11,245,981	$12,933,767	$-544,075
2024	No data	No data	No data	No data
2023	$17,117,898	$17,243,084	$14,536,164	$-125,186
2022	$37,042,101	$32,695,450	$15,621,206	$4,346,651
2021	$42,825,789	$35,091,027	$10,715,443	$7,734,762
2020	$3,127,524	$2,926,735	$3,072,136	$200,789
2019	$3,187,372	$3,134,639	$604,139	$52,733
2018	$2,722,248	$2,976,734	$608,027	$-254,486

INSTITUTE FOR PUBLIC HEALTH INNOVATION