Global Healthcare Innovation Alliance Accelerator Inc

EIN: 821868656 501(c)(3) Health Care

Durham, NC

Total Revenue
$412,547
Total Expenses
$486,116
Total Assets
$251,087
Net Assets
$153,686
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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
2017
Legal Domicile
NC
Principal Officer
JULIA BARNES-WEISE
Phone
9199915100
Tax Period
2023-01-01 to 2023-12-31

Global Healthcare Innovation Alliance Accelerator Inc, founded in 2017, is a small nonprofit in the Health Care sector that reported $413K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $486K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE GLOBAL HEALTH THROUGH IMPROVEMENT AND ACCELERATION OF GLOBAL HEALTH ALLIANCE FORMATION.

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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 $71,303
Program Service Revenue $341,244
Investment Income $0
Other Revenue $0
TOTAL REVENUE $412,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,794
Fundraising Expenses $0
Program Expenses $486,116
Other Expenses $248,322
TOTAL EXPENSES $486,116

Year-over-Year Comparison

2023 2022 Change
Revenue $412,547 $271,051 +0.5%
Expenses $486,116 $467,976 +0.0%
Net Income $-73,569 $-196,925 -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
8
Independent Members
8
Employees
2
Volunteers
8

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
1
$127,485
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISAAK CHIKWANHA DIRECTOR 1.00
Director
$0 $0 $0
KATRINE THOR ANDERSEN DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE HENNINGS DIRECTOR 1.00
Director
$0 $0 $0
MARK CROWELL DIRECTOR 1.00
Director
$0 $0 $0
BEIBEI SUN DIRECTOR 1.00
Director
$0 $0 $0
MAGALI POINOT DIRECTOR 1.00
Director
$0 $0 $0
ANA SANTOS RUTSCHMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WOODS DIRECTOR 1.00
Director
$0 $0 $0
JULIA BARNES-WEISE EXECUTIVE DIRECTOR 40.00
Officer
$97,485 $30,000 $127,485
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 $412,547 $486,116 $251,087 $-73,569
2022 $271,051 $467,976 $284,185 $-196,925
2021 $333,002 $484,008 $428,409 $-151,006
2020 $451,693 $236,406 $576,256 $215,287
2019 $304,309 $109,527 $359,899 $194,782
2018 $298,975 $136,927 $165,117 $162,048
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