Institute for Healthcare Optimization Inc
Donations deductibleRevenue
$3.5m
year to 30 April 2025
Expenses
$3m
year to 30 April 2025
Total assets
$1.4m
$493k liabilities
Net assets
$914k
assets less liabilities
Directors and trustees
5
5.6 years on average
Staff
29
employees, year to 30 April 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
11
named in Part VII
Institute for Healthcare Optimization Inc's network
5 peoplei5 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 4 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Ellis M Knight MD | COO (Hired 7/15/24)/Director | 2018 | 8 yrs |
| Eugene Litvak PHD (also filed as Eugene Litvak) | President/Treasurer/Director | 2018 | 8 yrs |
| Jack Kitts MD | Director (Appt. 7/11/24) | 2025 | 1 yr |
| Robert Lahita MD | Director (Appt. 7/11/24) | 2025 | 1 yr |
| William P Pierskalla PHD | Director (Resigned 12/27/24) | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
11 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Amy Parrella | Clerk/Executive Assistant | since 2024 |
| Amy Parrella Clerk Appt 38 | 23/Executive Assistant (Full Year) | 2023 |
| Cheri Ward | Sr. Vice President | since 2024 |
| Cheri Ward Consultant Until | 12/31/22/V.P. (Appt. 1/1/23) | 2023 |
| Hakmeng Kang | Clerk/VP-Strategic Prtnrsh | since 2018 |
| Hakmeng Kang Clerk VP- | Strategic Prtnrsh (Thru 2/10/23) | 2023 |
| Julia Krol | Vice President | since 2024 |
| Michael Long | Senior Clinical Fellow | 2018 |
| Muhund Chandramohan | Senior Process Improvement Engineer | since 2021 |
| Sandeep Green Vaswani | Senior VP | since 2018 |
| Verun Andrews | Sr. Simulation Analyst | 2025 |
Pay and hours
year to 30 April 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Eugene Litvak PhD | President/Treasurer/Director | 40 | $376k | $11k | |
| Cheri Ward | Sr. Vice President | 46 | $274k | $1k | |
| Muhund Chandramohan | Dir. of Simulation & Analytics | 40 | $203k | $29k | |
| Julia Krol | Vice President | 49 | $182k | $1k | |
| Amy Parrella | Clerk/Executive Assistant | 40 | $124k | $1k | |
| Ellis M Knight MD | COO (Hired 7/15/24)/Director | 32 | $110k | $517 | |
| Verun Andrews | Sr. Simulation Analyst | 42 | $110k | $11k | |
| William P Pierskalla PhD | Director (Resigned 12/27/24) | 1 | $0 | ||
| Jack Kitts MD | Director (Appt. 7/11/24) | 1 | $0 | ||
| Robert Lahita MD | Director (Appt. 7/11/24) | 1 | $0 |
About
- Legal name
- Institute for Healthcare Optimization Inc
- EIN
- 270373299
- Address
- 405 Waltham Street 182, Lexington, MA, 02421-7934
- State
- Massachusetts
- Mission
- (as filed on the Form 990)
- Activity (NTEE)
- G05 Voluntary health associations and medical disciplines
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Voluntary Health Associations & Medical Disciplines
- Size band
- 6 (IRS master file code)
- Formed
- 2009
- Principal officer
- Eugene Litvak (as named on the Form 990)
- IRS ruling date
- 1 August 2010
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 8, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsEllis M Knight MD
≥8years on the filingsEugene Litvak PHD
≥8years on the filingsWilliam P Pierskalla PHD
≥1years on the filingsJack Kitts MD
Latest return
year to 30 April 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 April 2025. US dollars, as filed.- Total assets
- $1.4m
- Total liabilities
- $493k
- Net assets or fund balances
- $914k
- Contributions and grants received
- $3.5m
- Program service revenue
- $0
- Employees
- 29
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $2.9m | $2.4m | $510k |
As filed on the IRS Form 990. US dollars.