NonprofitsInstitute For Healthcare Optimization Inc

Voluntary Health Associations & Medical Disciplines

Institute For Healthcare Optimization Inc

LEXINGTON, MA

Total revenue

$2.9M

Total expenses

$2.4M

Net assets

$381K

Grants received

EIN

270373299

Tax year

2023

Mission

To improve the healthcare delivery system by the application of operations mgt. Techniques.

Programs

2 programs

Disseminating knowledge on successful application efforts.

Expenses: $419K

Educating and training healthcare personnel on theory and application of scientific management methodologies.

Expenses: $540

Financials

FY 2023

Revenue

Contributions & grants$2.9M
Program service revenue
Investment income$301
Other revenue
Total revenue$2.9M

Expenses

Grants paid
Salaries & benefits$1.9M
Fundraising
Other expenses$468K
Total expenses$2.4M
Total assets$1.1M
Net assets$381K

People

8 listed

NameRoleCompensation

EUGENE LITVAK PHD

PRESIDENT/TREASURER/DIRECTOR

Board

$624K

40 hrs/wk

CHERI WARD

SR. VICE PRESIDENT

Board

$246K

27 hrs/wk

AMY PARRELLA

CLERK/EXECUTIVE ASSISTANT

Board

$132K

26 hrs/wk

JULIA KROL

VICE PRESIDENT

Board

$117K

52 hrs/wk

WILLIAM P PIERSKALLA PHD

DIRECTOR

Board

1 hrs/wk

ELLIS M KNIGHT MD

DIRECTOR

Board

1 hrs/wk

MUHUND CHANDRAMOHAN

DIR. OF SIMULATION & ANALYTICS

Staff

$223K

51 hrs/wk

HAKMENG KANG FORMER CLERK

VP-STRATEGIC PARTNERSH (LEFT 2/10/23)

Staff

$100K

40 hrs/wk

Independent contractors

CLIFTONLARSONALLEN LLP

ACCOUNTING & FINANCIAL SERVICES

$115K

Details

EIN270373299
NTEE codeG05
Subsection03
Ruling date2010-08
Formed2009
Employees13
Volunteers0
INSTITUTE FOR HEALTHCARE OPTIMIZATION INC — Mission, Financials & Grants Received | Grantivo