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Innovations In Healthcare Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Alliance/Advocacy Organizations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.36M (2023)

Expenses
$1.18M (2023)

Total Assets
$892k (2023)

Total Liabilities
$94.5k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,356,330
Expenses
$1,183,657
Net Income
$172,673
Net Assets
$797,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $305,355
22.5%
Program Services $1,050,975
77.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $156,352
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $892,184
Total Liabilities $94,500
Net Assets $797,684
Compensation
Key Employees and Officers Compensation Related Other
Susanna Naggie (Director) $0 $283,547 $56,632
Krishnakumar Udayakumar (Director/President) $0 $324,493 $54,896
Mark Mcclellan (Director) $0 $460,355 $59,264
Victor J Dzau (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Chris Beyrer (Director) $0 $281,488 $5,522
Shyam Bishen (Director) $0 $0 $0
Katie Thornsvard (Part Year Treasurer) $0 $67,182 $10,578
Lisa Varani (Part Year Treasurer) $0 $258,180 $64,995
Lisa Bourget (Vice President/Part Year Secretary) $0 $215,798 $39,066
Terri Smith (Part Year Secretary) $0 $90,778 $16,727

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,138,318
Expenses
$988,705
Net Income
$149,613
Net Assets
$625,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $457,932
40.2%
Program Services $680,386
59.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $224,492
22.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $948,602
Total Liabilities $323,591
Net Assets $625,011
Compensation
Key Employees and Officers Compensation Related Other
Dennis Clements (Director) $0 $275,714 $39,378
Victor J Dzau Md (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Mark Mcclellan (Director) $0 $441,940 $56,311
Michael Merson (Director) $0 $324,681 $51,076
Krishnakumar Udayakumar (Director/President) $0 $313,368 $52,660
Lisa Bourget (Vice President) $0 $212,262 $36,606
Terri Smith (Secretary) $0 $110,400 $22,561
Lisa Varani (Treasurer) $0 $249,734 $62,674

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,334,750
Expenses
$1,453,735
Net Income
-$118,985
Net Assets
$1,099,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $731,812
54.8%
Program Services $602,938
45.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,094
23.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,099,133
Total Liabilities $0
Net Assets $1,099,133
Compensation
Key Employees and Officers Compensation Related Other
Mark Mcclellan (Director) $0 $425,057 $48,063
Michael H Merson (Director) $0 $405,716 $39,735
Krishnakumar Udayakumar (Director/President) $0 $310,795 $38,211
Christopher V Plowe (Director) $0 $1,498,704 $48,119
Arnaud Bernaert (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Victor J Dzau Md (Director) $0 $0 $0
Dennis Clements (Director) $0 $236,150 $13,387
Lisa Varani (Treasurer) $0 $241,976 $45,044
Lisa Bourget (Vice President) $0 $203,433 $24,845
Terri Smith (Secretary) $0 $111,539 $12,567
Ellen Steinour (Former Officer) $0 $150,646 $32,733

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$955,464
Expenses
$954,592
Net Income
$872
Net Assets
$1,533,432
Notable Sources of Revenue Percent of Total Revenue
Contributions $421,028
44.1%
Program Services $534,436
55.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $39,342
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,533,432
Total Liabilities $0
Net Assets $1,533,432
Compensation
Key Employees and Officers Compensation Related Other
Christopher V Plowe (Director) $0 $530,070 $62,521
Mark Mcclellan (Director) $0 $427,741 $53,519
Michael H Merson (Director) $0 $406,564 $47,897
Krishnakumar Udayakumar (Director/President) $0 $307,630 $51,639
Lisa Varani (Treasurer) $0 $246,239 $59,805
Ellen Steinour (Former Officer) $0 $228,734 $37,990
Lisa Bourget (Vice President) $0 $199,023 $36,869
Anna Koltchagova (Secretary) $0 $63,290 $10,563
Terri Smith (Secretary) $0 $41,256 $5,585
Arnaud Bernaert (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Victor J Dzau Md (Director) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$955,116
Expenses
$971,685
Net Income
-$16,569
Net Assets
$647,706
Notable Sources of Revenue Percent of Total Revenue
Contributions $514,336
53.9%
Program Services $440,780
46.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,345
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $647,706
Total Liabilities $0
Net Assets $647,706
Compensation
Key Employees and Officers Compensation Related Other
Arnaud Bernaert (Director) $0 $0 $0
Victor J Dzau (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Mark Mcclellan (Director) $0 $416,032 $53,540
Michael Merson (Director) $0 $397,072 $46,762
Christopher V Plowe (Director) $0 $515,881 $29,422
Krishna Udayakumar (Director/President) $0 $300,302 $50,211
Anna Koltchagova (Secretary) $0 $95,434 $13,686
Lisa Verani (Treasurer) $0 $239,894 $57,972
Ellen Steinour (Former Officer) $0 $197,330 $38,620

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$806,305
Expenses
$684,102
Net Income
$122,203
Net Assets
$664,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $558,586
69.3%
Program Services $247,719
30.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,600
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $664,275
Total Liabilities $0
Net Assets $664,275
Compensation
Key Employees and Officers Compensation Related Other
Arnaud Bernaert (Director) $0 $0 $0
Victor J Dzau Md (Director) $0 $0 $0
Nicolaus Henke (Director) $0 $0 $0
Michael Merson (Director) $0 $469,457 $45,683
Krishna Udayakumar (Director/President) $0 $290,156 $50,289
Anna Koltchagova (Secretary) $0 $71,884 $2,059
Lisa Varani (Treasurer) $0 $233,472 $55,736
Ellen Steinour (Former Officer) $0 $106,538 $20,957

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Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$794,665
Expenses
$691,402
Net Income
$103,263
Net Assets
$542,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,352
0.4%
Program Services $649,069
81.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $142,244
17.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $56,659
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $542,072
Total Liabilities $0
Net Assets $542,072
Compensation
Key Employees and Officers Compensation Related Other
Arnaud Bernaert (Director) $0 $0 $0
Victor J Dzau Md (Director) $0 $143,032 $18,666
Nicolaus Henke (Director) $0 $0 $0
Michael Merson (Director) $0 $541,240 $44,491
Krishna Udayakumar (Director/President) $0 $283,899 $47,638
Jennifer L Potts (Vice President/ Secretary) $0 $134,551 $20,667
Lisa Varani (Treasurer) $0 $228,314 $52,891
Ellen Steinour (Former Officer) $0 $247,576 $41,287

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$562,190
Expenses
$851,942
Net Income
-$289,752
Net Assets
$438,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $133,000
23.7%
Program Services $429,190
76.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,020
12.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $445,075
Total Liabilities $6,266
Net Assets $438,809
Compensation
Key Employees and Officers Compensation Related Other
Arnaud Bernaert (Director) $0 $0 $0
Victor J Dzau Md (Director) $0 $240,729 $31,565
Nicolaus Henke (Director) $0 $0 $0
Michael Merson (Director) $0 $730,000 $44,103
Krishna Udayakumar (Director/President) $0 $301,862 $47,495
Sarah Gelfand (Vice President/Secretary) $0 $98,567 $20,503
Jennifer L Potts (Vice President/Secretary) $0 $0 $0
Ellen Steinour (Treasurer) $0 $231,669 $41,676

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$510,767
Expenses
$753,259
Net Income
-$242,492
Net Assets
$728,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $510,767
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,619
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $736,423
Total Liabilities $7,862
Net Assets $728,561

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$648,039
Expenses
$493,083
Net Income
$154,956
Net Assets
$971,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,039
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,741
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $971,053
Total Liabilities $0
Net Assets $971,053
Compensation
Key Employees and Officers Compensation Related Other
Victor J Dzau (Director) $0 $2,040,018 $732,795
Nicolaus Henke (Director) $0 $0 $0
Eva Jane Llopis (Director) $0 $0 $0
Michael Merson (Director) $0 $511,483 $42,244
Gary Phillips (Director) $0 $0 $0
Krishna Udayakumar (Director/President) $0 $276,906 $39,435
Richard Bartlett (Vice President/Secretary) $0 $91,815 $15,290
Sarah Gelfand (Vice President/Secretary) $0 $0 $0
Ellen Mccarthy Steinour (Treasurer) $0 $222,769 $39,357

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$769,980
Expenses
$425,085
Net Income
$344,895
Net Assets
$816,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $769,980
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,677
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $816,097
Total Liabilities $0
Net Assets $816,097

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$869,836
Expenses
$398,634
Net Income
$471,202
Net Assets
$471,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $869,836
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,469
27.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $471,202
Total Liabilities $0
Net Assets $471,202

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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