Nonprofit · EIN 27-0373299
INSTITUTE FOR HEALTHCARE OPTIMIZATION INC
Tax-exempt · LEXINGTON, MA 02421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $3,506,181 | $2,973,439 | $532,742 | $1,407,086 | $493,236 | $913,850 |
| April 30, 2024 | 990 | $2,861,074 | $2,350,807 | $510,267 | $1,113,675 | $732,567 | $381,108 |
| April 30, 2023 | 990 | $1,049,197 | $1,206,131 | -$156,934 | $954,029 | $1,083,188 | -$129,159 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $3,496,667
- Program service revenue
- $0
- Investment income
- $9,514
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,650,097
- Other salaries and wages
- $578,779
- Salaries, compensation and benefits (total)
- $2,455,048
- Professional fundraising fees
- $0
- Legal fees
- $5,725
- Accounting fees
- $187,027
- Travel
- $373
- Depreciation
- $4,063
- Program services (functional)
- $1,962,519
- Management and general (functional)
- $1,010,920
Balance sheet and other
- Total assets, start of year
- $1,113,675
- Total assets, end of year
- $1,407,086
- Total liabilities, end of year
- $493,236
- Net assets, end of year
- $913,850
- Net assets without donor restrictions
- $913,850
- Gross receipts
- $3,506,181
- Employees
- 29
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EUGENE LITVAK PHD | PRESIDENT/TREASURER/DIRECTOR Trustee or director, Officer | 40 | $376,079 | $11,274 |
| CHERI WARD | SR. VICE PRESIDENT Officer | 46 | $274,199 | $1,193 |
| MUHUND CHANDRAMOHAN | DIR. OF SIMULATION & ANALYTICS Key employee | 40 | $202,977 | $28,924 |
| JULIA KROL | VICE PRESIDENT Officer | 49 | $181,969 | $1,193 |
| AMY PARRELLA | CLERK/EXECUTIVE ASSISTANT Officer | 40 | $124,077 | $1,165 |
| VERUN ANDREWS | SR. SIMULATION ANALYST Highest-paid employee | 42 | $109,982 | $11,448 |
| ELLIS M KNIGHT MD | COO (HIRED 7/15/24)/DIRECTOR Trustee or director, Officer | 32 | $110,426 | $517 |
| WILLIAM P PIERSKALLA PHD | DIRECTOR (RESIGNED 12/27/24) Trustee or director | 1 | $0 | $0 |
| JACK KITTS MD | DIRECTOR (APPT. 7/11/24) Trustee or director | 1 | $0 | $0 |
| ROBERT LAHITA MD | DIRECTOR (APPT. 7/11/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended April 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EUGENE LITVAK PHD | PRESIDENT/TREASURER/DIRECTOR Trustee or director, Officer | 40 | $624,477 | $25,349 |
| MUHUND CHANDRAMOHAN | DIR. OF SIMULATION & ANALYTICS Key employee | 51 | $223,345 | $27,827 |
| CHERI WARD | SR. VICE PRESIDENT Officer | 27 | $245,516 | $1,059 |
| AMY PARRELLA | CLERK/EXECUTIVE ASSISTANT Officer | 26 | $131,583 | $2,445 |
| JULIA KROL | VICE PRESIDENT Officer | 52 | $117,206 | $1,204 |
| HAKMENG KANG FORMER CLERK | VP-STRATEGIC PARTNERSH (LEFT 2/10/23) Former | 40 | $100,109 | $2,056 |
| ELLIS M KNIGHT MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM P PIERSKALLA PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended April 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EUGENE LITVAK | PRESIDENT/TREASURER/DIRECTOR Trustee or director, Officer | 26 | $25,770 | $161,490 |
| HAKMENG KANG CLERK VP- | STRATEGIC PRTNRSH (THRU 2/10/23) Officer | 18 | $98,272 | $11,956 |
| CHERI WARD CONSULTANT UNTIL | 12/31/22/V.P. (APPT. 1/1/23) Officer | 13 | $99,000 | $0 |
| AMY PARRELLA CLERK APPT 38 | 23/EXECUTIVE ASSISTANT (FULL YEAR) Officer | 26 | $41,730 | $2,265 |
| ELLIS M KNIGHT MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM P PIERSKALLA PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 405 WALTHAM STREET 182, LEXINGTON, MA 02421-7934
- Principal officer (990 for 2024)
- EUGENE LITVAK, 405 WALTHAM STREET 182, LEXINGTON, MA 02421
- Signed the 990
- EUGENE LITVAK, PRESIDENT
- Phone
- (617) 467-3350
- Website
- WWW.IHOPTIMIZE.ORG
- Return prepared by
- EAG NEW ENGLAND LLC
Mission
SEE SCHEDULE O
Program accomplishments
- RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS.Expenses $1,418,617
- DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS.Expenses $543,902
- EDUCATING AND TRAINING HEALTHCARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 27-0373299
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G05)
- Assets (IRS master file)
- $1,407,086
- Income (IRS master file)
- $3,506,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $3,506,181 | $2,973,439 | $1,407,086 | XML |
| 990 | April 2024 | $2,861,074 | $2,350,807 | $1,113,675 | XML |
| 990 | April 2023 | $1,049,197 | $1,206,131 | $954,029 | XML |
| 990 | April 2022 | $732,903 | $1,143,350 | $196,720 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0373299).
Questions about INSTITUTE FOR HEALTHCARE OPTIMIZATION INC
- What is the EIN of INSTITUTE FOR HEALTHCARE OPTIMIZATION INC?
- The employer identification number (EIN) of INSTITUTE FOR HEALTHCARE OPTIMIZATION INC is 27-0373299.
- Is INSTITUTE FOR HEALTHCARE OPTIMIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INSTITUTE FOR HEALTHCARE OPTIMIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR HEALTHCARE OPTIMIZATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR HEALTHCARE OPTIMIZATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR HEALTHCARE OPTIMIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of INSTITUTE FOR HEALTHCARE OPTIMIZATION INC?
- The 990 for the year ended April 30, 2025 names EUGENE LITVAK.
- Who are the officers and directors of INSTITUTE FOR HEALTHCARE OPTIMIZATION INC?
- The 990 for the year ended April 30, 2025 lists 10 people; 7 received compensation from the organization, the highest $376,079 (EUGENE LITVAK PHD, PRESIDENT/TREASURER/DIRECTOR).
- How much revenue does INSTITUTE FOR HEALTHCARE OPTIMIZATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $3,506,181, expenses of $2,973,439 and total assets of $1,407,086 at year end.
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