Healthcare Innovators Professional Society

EIN: 822197483 501(c)(3) Health Care

Houston, TX

Total Revenue
$109,000
Total Expenses
$124,310
Total Assets
$140,126
Net Assets
$140,126
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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
TX
Principal Officer
TOBY R HAMILTON
Phone
9403005419
Tax Period
2019-01-01 to 2019-12-31

Healthcare Innovators Professional Society, founded in 2017, is a small nonprofit in the Health Care sector that reported $109K in total revenue in fiscal year 2019. Expenses of $124K exceeded revenue, resulting in a 14% operating deficit.

Mission

HEALTHCARE INNOVATORS PROFESSIONAL SOCIETY IS THE ADVOCACY, RECOGNITION, AND SUPPORT COMMUNITY FOR THE SELECTIVE GROUP OF INNOVATION LEADERS IN HEALTHCARE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $109,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $109,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $113,567
Other Expenses $124,310
TOTAL EXPENSES $124,310

Year-over-Year Comparison

2019 2018 Change
Revenue $109,000 N/A N/A
Expenses $124,310 $378,306 -0.7%
Net Income $-15,310 $-378,306 -1.0%
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
3
Independent Members
3
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TOBY R HAMILTON PRESIDENT, SECRETARY 1.0
Officer Director
$0 $0 $0
DR HEMANT VANKAWALA TREASURER 1.0
Officer Director
$0 $0 $0
JAIME AGUIRRE DIRECTOR 1.0
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
2019 $109,000 $124,310 $140,126 $-15,310
2018 No data $378,306 $155,436 No data
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