THE PELZMAN FOUNDATION FOR HEALTHCARE INNOVATIONINC

EIN: 472459747 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$80,583
Total Expenses
$125,191
Total Assets
$241,526
Net Assets
$241,526
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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
2014
Legal Domicile
NY
Principal Officer
FRED PELZMAN
Phone
2127640644
Tax Period
2024-01-01 to 2024-12-31

THE PELZMAN FOUNDATION FOR HEALTHCARE INNOVATIONINC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $81K in total revenue in fiscal year 2024. Revenue surged 4296% from the prior year, signaling strong growth momentum. Expenses of $125K exceeded revenue, resulting in a 55% operating deficit.

Mission

TO SUPPORT HEALTHCARE RESEARCHERS AND CLINICIANS WHO CONDUCT PROJECTS AND PROGRAMS TO STIMULATE INNOVATION IN THE PRIMARY CARE OF INDIVIDUAL PATIENTS AND POPULATIONS.

Program Service Accomplishments

Program 1
Expenses: $62,000

TO SUPPORT PRIMARY CARE AND HOSPITAL MEDICAL INNOVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $80,556
Program Service Revenue $0
Investment Income $27
Other Revenue $0
TOTAL REVENUE $80,583

Expense Breakdown

Grants Paid $62,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,000
Other Expenses $63,191
TOTAL EXPENSES $125,191

Year-over-Year Comparison

2024 2023 Change
Revenue $80,583 $1,833 +43.0%
Expenses $125,191 $122,931 +0.0%
Net Income $-44,608 $-121,098 -0.6%
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
4
Employees
N/A
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
2
$60,000
Total Directors
4
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED PELZMAN President 20.00
Officer Director
$60,000 $0 $60,000
KEVIN BROWN Trustee 2.00
Director
$0 $0 $0
KATHERINE MC CORMICK Trustee 2.00
Director
$0 $0 $0
SUSAN HAYES Trustee 2.00
Officer 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 $80,583 $125,191 $241,526 $-44,608
2023 $1,833 $122,931 $286,134 $-121,098
2022 $60,881 $63,133 $407,232 $-2,252
2021 $170,040 $67,641 $409,484 $102,399
2020 $51,255 $63,842 $307,085 $-12,587
2019 $31,556 $123,907 $319,672 $-92,351
2018 $76,313 $125,453 $412,023 $-49,140
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