CHIME HEALTHCARE INNOVATION TRUST

EIN: 811521342 501(c)(3)

ANN ARBOR, MI

Total Revenue
$100
Total Expenses
$62,537
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
IL
Principal Officer
RUSSELL BRANZELL
Phone
7346650000
Tax Period
2021-10-01 to 2022-09-30

CHIME HEALTHCARE INNOVATION TRUST, founded in 2016, is a micro nonprofit that reported $100 in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 62437% operating deficit.

Mission

IMPROVE THE FIELD OF HEALTHCARE INFORMATION TECHNOLOGY FOR THE ADVANCEMENT OF THE PUBLIC GOOD; FUND VARIOUS PROGRAMS, OFFERINGS AND STANDARD SETTING INITIATIVES THAT ENHANCE MARKETPLACE EFFICIENCIES FOR HEALTHCARE, INCLUDING SUPPORTING IMPLEMENTATION ACTIVITIES IN FURTHERANCE THEREOF; AND OTHERWISE, OPERATE SOLELY AND EXCLUSIVELY AS A CHARITABLE, SOCIAL, BENEVOLENT AND EDUCATIONAL ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $53,125

THE CHIME OPIOID TASK FORCE WILL ENGAGE THE COMMITTED AND COLLECTIVE LEADERSHIP OF OUR ORGANIZATION TO IDENTIFY AND TAKE DELIBERATE ACTIONS TO AVERT THE INCREASING ADDICTION AND GROWING MORTALITY OF...

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THE CHIME OPIOID TASK FORCE WILL ENGAGE THE COMMITTED AND COLLECTIVE LEADERSHIP OF OUR ORGANIZATION TO IDENTIFY AND TAKE DELIBERATE ACTIONS TO AVERT THE INCREASING ADDICTION AND GROWING MORTALITY OF THE OPIOID CRISIS. THESE ACTIONS WILL INCLUDE CREATING AWARENESS, PUBLICIZING LEADING HEALTHCARE PRACTICES, PROVIDING DATA FOR MEDICAL RESEARCH, POLICY ADVOCACY AND LEVERAGING OUR LEADERSHIP TALENT IN UNIQUE AND POWERFUL WAYS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,125
Fundraising Expenses $0
Program Expenses $53,125
Other Expenses $9,412
TOTAL EXPENSES $62,537

Year-over-Year Comparison

2021 2020 Change
Revenue $100 $15,000 -1.0%
Expenses $62,537 $79,398 -0.2%
Net Income $-62,437 $-64,398 0.0%
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
5
Independent Members
4
Employees
N/A
Volunteers
30

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
5
$798,663
Total Directors
5
$798,663
Key Employees
9
$2,411,686
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL BRANZELL PRESIDENT & CEO 1.0
Officer Director
$0 $0 $798,663
KEITH FRAIDENBURG EVP & COO 1.0
Key Emp
$0 $0 $414,395
EDWIN P CZOPEK EVP & CFO 1.0
Key Emp
$0 $0 $330,035
BARBARA SIVEK EVP & COO 1.0
Key Emp
$0 $0 $301,752
TIMOTHY STETTHEIMER VP 1.0
Key Emp
$0 $0 $286,245
JONATHAN FRITZ CIO 1.0
Key Emp
$0 $0 $249,179
MARI SAVICKIS VP 1.0
Key Emp
$0 $0 $248,414
Elizabeth Ylitalo VP 1.0
Key Emp
$0 $0 $218,998
SUSAN ALDRICH VP 1.0
Key Emp
$0 $0 $205,626
MICHELLE PATTERSON VP 1.0
Key Emp
$0 $0 $157,042
TANYA TOWNSEND CHAIRSPERSON 1.0
Officer Director
$0 $0 $0
JOHN KRAVITZ TREASURER 1.0
Officer Director
$0 $0 $0
RUSTY YEAGER SECRETARY 1.0
Officer Director
$0 $0 $0
PAULA GOEDERT COUNSEL 1.0
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
2022 $100 $62,537 No data $-62,437
2021 $15,000 $79,398 $145,702 $-64,398
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