Healthcare Transformation Institute
- Assets
- $450.6k
- Revenue
- $50.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2010
- Data as of
- 06/2024
- EIN
- 27-2406354
Organization Overview
Healthcare Transformation Institute is located in Phoenix, AZ. The organization was established in 2010. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Transformation Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Healthcare Transformation Institute generated $50.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.0% each year . All expenses for the organization totaled $161.6k during the year ending 06/2024. While expenses have increased by 35.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE HEALTHCARE TRANSFORMATION INSTITUTE HTI IS DEDICATED TO CREATING HEALTH VALUE BY IMPROVING HEALTH OUTCOMES, ACCESS TO HEALTH SERVICES, AND THE WAY PATIENT CARE IS DELIVERED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD A FORUM ON ICU CARE IN FEBRUARY 2024, PLANNING AN ADDITIONAL FORUM IN EARLY 2025 ON HIGH-VALUE TEACHING HOSPITALS. MARICOPA COUNTY RELATED COMMUNITY BASED CLINICAL RESEARCH PROJECTS 1 MENTAL HEALTH PROJECT SEVERAL MEETINGS WHERE WE HAVE CONVENED STAKEHOLDERS AND DOING A MARKET/COMMUNITY NEEDS ASSESSMENT. PREPARING TO DRAFT A BUSINESS PLAN TO START A CONSORTIUM TO HELP REDUCE UNNECESSARY EMERGENCY DEPARTMENT ADMISSIONS. 2 COSTLIEST PATIENTS PROJECT AT THE START THE FOCUS WILL BE THE COSTLIEST PATIENTS OF ONE INSTITUTION THAT HAS A BROAD-BASED COMMUNITY SET OF SERVICES. ONE NATIONAL PROJECT THAT HTI IS DIRECTING PREANALYTICS FOR PRECISION MEDICINE. THIS PROJECT WAS LAUNCHED IN DEC 2019 WITH A PREANALYTICS FOR PRECISION MEDICINE SUMMIT AT THE DC ASU BUILDING. THIS WAS FUNDED THROUGH HTI BY A TOTAL OF 150,000 FROM PHARMA AND THROUGH NATIONAL PRESENTATIONS BY CAROLYN COMPTON, WHO HAS AN AFFILIATE POSITION IN ASU CENTER FOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis A Cortese MD President | OfficerTrustee | 10 | $0 |
Robert K Smoldt MBA Treasurer | OfficerTrustee | 3 | $0 |
Mindy J Fain MD Secretary | OfficerTrustee | 3 | $0 |
Michael M Crow PHD Director | Trustee | 2 | $0 |
Phillip B Gordon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Investment income | $235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,337 |
| Advertising and promotion | $0 |
| Office expenses | $931 |
| Information technology | $660 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $934 |
| All other expenses | $0 |
| Total functional expenses | $161,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,568 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $351,305 |
| Net assets with donor restrictions | $99,263 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,568 |