2025-03-04T15:47:10-06:00 2024-04-30 992277914 EAG NEW ENGLAND LLC 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2023-05-01 270373299 INSTITUTE FOR HEALTHCARE OPTIMIZATION INC INST 6174673350 101 GREAT ROAD 105 BEDFORD MA 01730 EUGENE LITVAK PRESIDENT 6174673350 2025-03-04 1 0 EUGENE BORGONZI P01269879 6172276161 2025-02-28 2023 2025-03-06 01:10:19Z EUGENE LITVAK 101 GREAT ROAD 105 BEDFORD MA 01730 2861074 0 X WWW.IHOPTIMIZE.ORG X 2009 MA TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM BY THE APPLICATION OF OPERATIONS MGT. TECHNIQUES. 3 2 13 0 0 0 1049056 2860773 0 0 141 301 0 0 1049197 2861074 0 0 0 0 1046963 1883197 0 0 0 159168 467610 1206131 2350807 -156934 510267 954029 1113675 1083188 732567 -129159 381108 X SEE SCHEDULE O 0 0 1341559 0 0 RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS. 418882 0 0 DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS. 540 0 0 EDUCATING AND TRAINING HEALTHCARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES. 1760981 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 7 0 13 1 0 0 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 101 GREAT ROAD STE 105 BEDFORD MA 01730 EUGENE LITVAK PHD PRESIDENT/TREASURER/DIRECTOR 40.00 X X 624477 0 25349 ELLIS M KNIGHT MD DIRECTOR 1.00 X 0 0 0 WILLIAM P PIERSKALLA PHD DIRECTOR 1.00 X 0 0 0 AMY PARRELLA CLERK/EXECUTIVE ASSISTANT 26.00 X 131583 0 2445 CHERI WARD SR. VICE PRESIDENT 27.00 X 245516 0 1059 JULIA KROL VICE PRESIDENT 52.00 X 117206 0 1204 MUHUND CHANDRAMOHAN DIR. OF SIMULATION & ANALYTICS 51.00 X 223345 0 27827 HAKMENG KANG FORMER CLERK VP-STRATEGIC PARTNERSH (LEFT 2/10/23) 40.00 X 100109 0 2056 1442236 0 59940 6 1 1 0 CLIFTONLARSONALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 ACCOUNTING & FINANCIAL SERVICES 115412 1 2860773 2860773 301 301 2861074 0 0 301 X 1241168 1057742 183426 473804 473251 553 33779 29461 4318 134446 134446 22058 22058 78225 78225 290688 10091 280597 57042 54134 2908 2157 1517 640 8711 8711 MISCELLANEOUS EXPENSE 4671 339 4332 RECRUITING EXPENSES 1868 1868 FILING & REGISTRATION F 1505 1505 BANK FEES 685 685 2350807 1760981 589826 0 718234 882124 2999 100 211250 211273 18546 17178 3000 3000 954029 1113675 218744 192289 864444 540278 1083188 732567 X -129159 381108 -129159 381108 954029 1113675 510267 0 X X 0 1 X 1 0 X 1663337 1345933 732648 1049056 2860773 7651747 1663337 1345933 732648 1049056 2860773 7651747 7651747 2969 977 255 141 301 4643 7656390 0.99940 0.96390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2861074 0 2861074 0 2861074 2350807 0 2350807 0 2350807 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 REVENUE FROM ENTITIES IN REGION N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE F, PART I, LINE 3 THE ORGANIZATION RECEIVED REVENUE FROM ONE GOVERNMENT ENTITY IN THE NORTH AMERICAN REGION. THERE WERE NO FOREIGN EXPENDITURES RELATED TO THIS ACTIVITY. ALL THE WORK WAS CONDUCTED IN THE UNITED STATES. THE ORGANIZATION HAS REPORTED THIS ENTITY ON SCHEDULE B IN ACCORDANCE WITH IRS REGULATIONS. X X 0 0 0 0 0 0 0 0 0 EUGENE LITVAK PHD PRESIDENT/TREASURER/DIRECTOR 621294 0 0 0 3183 0 0 0 25349 0 649826 0 133900 0 MUHUND CHANDRAMOHAN DIR. OF SIMULATION & ANALYTICS 223264 0 0 0 81 0 0 0 27827 0 251172 0 0 0 CHERI WARD SR. VICE PRESIDENT 245426 0 0 0 90 0 0 0 1059 0 246575 0 0 0 HAKMENG KANG FORMER CLERK VP-STRATEGIC PARTNERSH (LEFT 2/10/23 25277 0 59275 0 15557 0 0 0 2056 0 102165 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 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. FORM 990, PART VI, SECTION B, LINE 11B 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 COPY 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. FORM 990, PART IX, LINE 11G CONSULTING EXPENSE: PROGRAM SERVICE EXPENSES 10,091. MANAGEMENT AND GENERAL EXPENSES 280,597. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 290,688. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.