2026-03-16T15:49:20-05:00 2025-04-30 992277914 EAG NEW ENGLAND LLC 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2024-05-01 270373299 INSTITUTE FOR HEALTHCARE OPTIMIZATION INC INST 6174673350 405 WALTHAM STREET 182 LEXINGTON MA 02421 EUGENE LITVAK PRESIDENT 6174673350 2026-03-16 1 0 EUGENE BORGONZI P01269879 6172276161 2024 2025-03-06 01:10:19Z X EUGENE LITVAK 405 WALTHAM STREET 182 LEXINGTON MA 02421 3506181 0 X WWW.IHOPTIMIZE.ORG X 2009 MA TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM BY THE APPLICATION OF OPERATIONS MGT. TECHNIQUES. 4 2 29 0 0 0 2860773 3496667 0 0 301 9514 0 0 2861074 3506181 0 0 0 0 1883197 2455048 0 0 0 467610 518391 2350807 2973439 510267 532742 1113675 1407086 732567 493236 381108 913850 X SEE SCHEDULE O 0 0 1418617 0 0 RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS. 543902 0 0 DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS. 0 0 0 EDUCATING AND TRAINING HEALTHCARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES. 1962519 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 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 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 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 405 WALTHAM STREET STE 182 LEXINGTON MA 02421 EUGENE LITVAK PHD PRESIDENT/TREASURER/DIRECTOR 40.00 X X 376079 0 11274 ELLIS M KNIGHT MD COO (HIRED 7/15/24)/DIRECTOR 32.00 X X 110426 0 517 WILLIAM P PIERSKALLA PHD DIRECTOR (RESIGNED 12/27/24) 1.00 X 0 0 0 JACK KITTS MD DIRECTOR (APPT. 7/11/24) 1.00 X 0 0 0 ROBERT LAHITA MD DIRECTOR (APPT. 7/11/24) 1.00 X 0 0 0 AMY PARRELLA CLERK/EXECUTIVE ASSISTANT 40.00 X 124077 0 1165 CHERI WARD SR. VICE PRESIDENT 46.00 X 274199 0 1193 JULIA KROL VICE PRESIDENT 49.00 X 181969 0 1193 MUHUND CHANDRAMOHAN DIR. OF SIMULATION & ANALYTICS 40.00 X 202977 0 28924 VERUN ANDREWS SR. SIMULATION ANALYST 42.00 X 109982 0 11448 1379709 0 55714 7 0 1 0 CLIFTONLARSONALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 ACCOUNTING & FINANCIAL SERVICES 164075 STORNAWAY CONSULTING INC 29 RIVERVIEW DRIVE TORONTO ONTARIO CA M4N 3C6 RESEARCH & ANALYSIS ADVISOR 100020 2 3496667 3496667 9514 9514 3506181 0 0 9514 1650097 1215937 434160 578779 455261 123518 48807 46573 2234 177365 120389 56976 5725 5725 187027 9551 177476 185790 64253 121537 52673 46066 6607 64005 349 63656 373 2 371 4063 4063 8818 8818 MISCELLANEOUS EXPENSE 5029 75 4954 RECRUITING EXPENSES 3209 3209 BANK FEES 936 936 FILING & REGISTRATION F 743 743 2973439 1962519 1010920 0 882124 261608 100 808414 211273 275023 17178 20044 39497 3000 2500 1113675 1407086 192289 213375 540278 279861 732567 493236 X 381108 913850 381108 913850 1113675 1407086 532742 0 X X 0 1 X 1 0 X 1345933 732648 1049056 2860773 3496667 9485077 1345933 732648 1049056 2860773 3496667 9485077 9485077 977 255 141 301 9514 11188 9496265 0.99880 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3506181 0 3506181 0 3506181 2973439 0 2973439 0 2973439 PART X, LINE 2: THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION HAS ASSESSED ITS TAX POSITION TAKEN AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OF AN ASSET OR LIABILITY OR DISCLOSURE AS OF APRIL 30, 2025. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 REVENUE FROM ENTITY IN REGION N/A NORTH AMERICA 0 1 PROGRAM SERVICES PAYMENTS TO TO DOCTOR-ADVISOR FOR RESEARCH & ANALYSIS ACTIVITIES 100020 0 1 0 0 0 1 100020 0 100020 1 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR ITS EXPENDITURES. FORM 990, SCHEDULE F, PART I, LINE 3 THE ORGANIZATION RECEIVED REVENUE FROM ONE GOVERNMENT ENTITY IN THE NORTH AMERICAN REGION. THE ORGANIZATION HAS REPORTED THIS ENTITY ON SCHEDULE B IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, SCHEDULE F, PART IV, LINE 1 THE ORGANIZATION TRANSFERRED MONEY TO A FOREIGN CORPORATION FOR CONSULTING SERVICES RENDERED TO THE ORGANIZATION DURING THE YEAR, WHICH IS DISCLOSED IN PART I OF SCHEDULE F. A FORM 926 IS NOT REQUIRED TO BE FILED BECAUSE THE ORGANIZATION DID NOT RECEIVE AN OWNERSHIP INTEREST IN THE FOREIGN CORPORATION. X X X 0 0 0 0 0 0 0 0 0 EUGENE LITVAK PHD PRESIDENT/TREASURER/DIRECTOR 376079 0 0 0 0 0 0 0 11274 0 387353 0 0 0 CHERI WARD SR. VICE PRESIDENT 249680 0 24519 0 0 0 0 0 1193 0 275392 0 0 0 MUHUND CHANDRAMOHAN DIR. OF SIMULATION & ANALYTICS 185302 0 17675 0 0 0 0 0 28924 0 231901 0 0 0 JULIA KROL VICE PRESIDENT 170277 0 11692 0 0 0 0 0 1193 0 183162 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 XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART V, LINE 2A DURING CALENDAR YEAR 2024, THE ORGANIZATION SWITCHED ITS PAYROLL FROM PAYCHEX TO A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). THEREFORE, THERE WERE W-2'S ISSUED BY THE ORGANIZATION AS WELL AS THE PEO FOR CALENDAR YEAR 2024. THE NUMBER REPORTED IN PART V, LINE 2A INCLUDES THE NUMBER OF W-2'S ISSUED BY THE ORGANIZATION AS WELL AS THE NUMBER OF W-2'S ISSUED BY THE PEO. IN SOME CASES, THE SAME EMPLOYEE RECEIVED TWO W-2'S FOR CALENDAR YEAR 2024 AND BOTH W-2'S HAVE BEEN INCLUDED IN THE NUMBER REPORTED ON PART V LINE 2A.