GLOBAL HEALTH INVESTMENT CORPORATION

EIN: 981051444 Health Care

NEW YORK, NY

Total Revenue
$204,094,277
Total Expenses
$4,352,803
Total Assets
$365,650,768
Net Assets
$358,406,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
LABEEB ABBOUD
Phone
6467551981
Tax Period
2023-01-01 to 2023-12-31

GLOBAL HEALTH INVESTMENT CORPORATION, founded in 2012, is a major nonprofit in the Health Care sector that reported $204.1M in total revenue in fiscal year 2023. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $199.7M, a strong 98% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR SOCIAL (CONTINUED SCHEDULE O) (CONTINUED FROM FORM 990, PAGE 1 PART I) WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS IT BE AMENDED, INCLUDING THE RELIEF OF THE POOR AND DISTRESSED OR OF THE UNDERPRIVILEGED; THE PROMOTION OF SOCIAL WELFARE AND THE LESSENING OF THE BURDENS OF GOVERNMENT. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION MAY SEEK WAYS TO PROVIDE AFFORDABLE FINANCING TO SUPPORT THE DEVELOPMENT OF THERAPEUTIC DRUGS & TREATMENTS, VACCINES, PREVENTATIVES, DIAGNOSTICS, AND OTHER TECHNOLOGIES, PRODUCTS OR SERVICES TO ADDRESS GLOBAL HEALTH CHALLENGES, INCLUDING WITHOUT LIMITATION, SUPPORTING THE DEVELOPMENT OF MEDICAL COUNTERMEASURES AND TECHNOLOGIES THAT CAN HELP ADDRESS THREATS TO GLOBAL HEALTH SECURITY, ALL TO PROMOTE THE SOCIAL WELFARE OF ALL POPULATIONS.

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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 $198,507,541
Program Service Revenue $50,000
Investment Income $5,362,261
Other Revenue $174,475
TOTAL REVENUE $204,094,277

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,828,711
Fundraising Expenses $0
Program Expenses $3,482,242
Other Expenses $1,524,092
TOTAL EXPENSES $4,352,803

Year-over-Year Comparison

2023 2022 Change
Revenue $204,094,277 $69,598,791 +1.9%
Expenses $4,352,803 $4,087,500 +0.1%
Net Income $199,741,474 $65,511,291 +2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
15
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
$900,608
Total Directors
4
$968,608
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LABEEB M ABBOUD CHAIRMAN AND CEO 40.00
Officer Director
$793,636 $106,972 $900,608
ARLINA ELMIGER DIRECTOR 1.00
Director
$0 $0 $0
PAUL KLINGENSTEIN DIRECTOR 1.00
Director
$28,000 $0 $28,000
GEORGE W WELLDE JR DIRECTOR 1.00
Director
$40,000 $0 $40,000
EVELYN YANATOS TREASURER AND SECRETARY 10.00
Officer
$0 $0 $0
OLAYINKA FAGBAYI VICE PRESIDENT 40.00
Highest
$353,362 $58,238 $411,600
JOSEPH LEE PRINCIPAL 40.00
Highest
$231,029 $38,671 $269,700
CHARLES JEFFREY PETTY MANAGING DIRECTOR 40.00
Highest
$487,312 $83,618 $570,930
DAMIEN ZADOUR SOGHOIAN VENTURE PARTNER 40.00
Highest
$268,765 $33,629 $302,394
TRACY SAXTON VENTURE PARTNER 40.00
Highest
$117,562 $7,926 $125,488
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 $204,094,277 $4,352,803 $365,650,768 $199,741,474
2022 $69,598,791 $4,087,500 $172,792,060 $65,511,291
2021 $16,847,889 $1,423,069 $106,183,994 $15,424,820
2020 $90,877 $300,982 $77,518,607 $-210,105
2019 $3,134,337 $30,539 $49,978,710 $3,103,798
2018 $2,319,096 $21,136 $22,414,736 $2,297,960
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