2017-01-31T16:04:27-06:00 2016-04-30 050409384 KAHN LITWIN RENZA & CO LTD 800 SOUTH STREET SUITE 300 WALTHAM MA 02453 990 2015-05-01 270373299 INSTITUTE FOR HEALTHCARE OPTIMIZATION INC INST 6174673350 7 WELLS AVENUE NO 24 NEWTON MA 02459 EUGENE LITVAK PRESIDENT 6174673350 2017-01-28 1 DEBORAH A HOPKINS P00167843 7815478800 2015 2021-01-29 14:40:06Z EUGENE LITVAK 7 WELLS AVENUE NO 24 NEWTON MA 02459 2629545 0 X WWW.IHOPTIMIZE.ORG X 2009 MA TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM BY THE APPLICATION OF OPERATIONS MGT. TECHNIQUES. 3 2 12 0 0 0 0 0 2484745 2625560 342 3985 0 0 2485087 2629545 0 0 0 0 1546728 1548430 0 0 26988 513704 427289 2060432 1975719 424655 653826 999310 1643705 332720 323289 666590 1320416 X TO IMPROVE THE QUALITY AND REDUCE THE COST OF HEALTHCARE BY (I) ADVANCING THE UNDERSTANDING AND APPLICATION OF OPERATIONS MANAGEMENT ("OM") TO HEALTHCARE DELIVERY THROUGH THEORETICAL AND APPLIED RESEARCH AND THE DEVELOPMENT OF NEW TECHNIQUES AND TOOLS; (II) PROMOTING THE ADOPTION OF OPERATIONAL IMPROVEMENTS TO THE HEALTHCARE DELIVERY SYSTEM THROUGH THE ESTABLISHMENT OF HOSPITAL BASED "RESEARCH LABORATORIES" INTENDED TO ADVANCE THE SCIENCE OF OM AND DEMONSTRATE THE FEASIBILITY AND PRACTICAL BENEFITS OF APPLYING OM IN IMPROVING HEALTHCARE; (III) EDUCATING THOSE INVOLVED IN FURNISHING, ADMINISTERING, AND FINANCING HEALTHCARE ABOUT THE PROBLEMS THAT CAN BE ADDRESSED BY THE APPLICATION OF OM TO HEALTHCARE DELIVERY; AND (IV) DOCUMENTING THE EXPERIENCES AND SUCCESSES OF OM APPLICATION AND DISSEMINATING THIS KNOWLEDGE TO THE GENERAL PUBLIC. 0 0 1408238 2603870 RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS. 70548 16320 EDUCATING AND TRAINING HEALTH CARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES. 186490 5370 DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS. 1665276 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 12 1 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X EUGENE LITVAK PRESIDENT 6174673350 7 WELLS AVENUE STE 24 NEWTON MA 02459 EUGENE LITVAK PRESIDENT & CEO 40.00 X X 378189 0 38734 ELLIS M KNIGHT MD DIRECTOR 1.00 X 0 0 0 WILLIAM P PIERSKALLA PHD DIRECTOR 1.00 X 0 0 0 SANDEEP GREEN VASWANI SENIOR VP 40.00 X 216119 0 23671 MENG KANG VP OF STRATEGIC PRTNRSHP/SP PROJ 40.00 X 145050 0 11805 MICHAEL LONG SENIOR CLINICAL FELLOW 24.00 X 144480 0 9517 883838 0 83727 4 0 1 0 0 CONTRACT INCOME 900099 2625560 2625560 2625560 3985 3985 2629545 2625560 0 3985 760185 680978 56042 23165 605976 526162 79814 94447 83337 11110 87822 78188 8231 1403 21778 2551 19227 17500 17500 166400 109762 56638 30978 27785 2727 466 117034 104195 10969 1870 47926 46532 1394 5247 4671 492 84 14314 14314 MISCELLANEOUS 6112 1115 4997 1975719 1665276 283455 26988 7507 8674 316814 1375797 630828 224760 34075 27139 40010 32675 10086 7335 999310 1643705 127272 169314 205448 153975 332720 323289 X 666590 1320416 666590 1320416 999310 1643705 653826 0 X 0 1 X 1 0 X 500 500 1675682 2301385 2017448 2484745 2625560 11104820 1675682 2301885 2017448 2484745 2625560 11105320 0 0 0 11105320 220 3450 3390 342 3985 11387 220 3450 3390 342 3985 11387 1675902 2305335 2020838 2485087 2629545 11116707 0.99900 0.99920 0.00100 0.00080 X 40010 32675 7335 7335 DEFERRED COMPENSATION 65740 DEFERRED CONTRACT REVENUE 88235 153975 X 2629545 0 2629545 0 2629545 1975715 0 1975715 4 4 1975719 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES,GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER MISCELLANEOUS X 0 0 0 0 0 0 0 0 0 EUGENE LITVAK PRESIDENT & CEO 378189 0 0 0 0 0 18239 0 20495 0 416923 0 0 0 SANDEEP GREEN VASWANI SENIOR VP 216119 0 0 0 0 0 6484 0 17187 0 239790 0 0 0 MENG KANG VP OF STRATEGIC PRTNRSHP/SP PROJ 145050 0 0 0 0 0 4352 0 7453 0 156855 0 0 0 MICHAEL LONG SENIOR CLINICAL FELLOW 144480 0 0 0 0 0 4334 0 5183 0 153997 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT AND FINANCIAL STAFF. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. WHEN ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED. A DRAFT IS CIRCULATED TO THE BOARD AND THEN THE RETURN IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WILL BE PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE WILL BE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION MIGHT BE A CONFLICT, THE BOARD WOULD EXAMINE THE TRANSACTION AND A VOTE WOULD BE TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WOULD ENTER INTO THE TRANSACTION. NO INSTANCES HAVE ARISEN TO DATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ESTABLISHED A PROCESS FOR JOB CLASSIFICATIONS ACCORDING TO THE LEVEL OF EDUCATION, KNOWLEDGE, SKILL, RESPONSIBILITY AND DECISION-MAKING REQUIRED FOR EACH POSITION. THE WAGE STRUCTURE REFLECTS THESE CLASSIFICATIONS AND IS INTENDED TO BE COMPETITIVE WITH THAT OF SIMILAR ORGANIZATIONS. OFFICERS' COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS.