Interoperability Institute Llc
- Assets
- $2.3m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 144
- Location
- Lansing, MI
- Founding
- Data as of
- 09/2023
- EIN
- 81-4835288
Organization Overview
Interoperability Institute Llc is located in Lansing, MI. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 09/2023, Interoperability Institute Llc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interoperability Institute Llc 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 09/2023, Interoperability Institute Llc generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $9.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 3 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTEROPERABILITY INSTITUTE LLC'S ("IOI") MISSION IS TO ENABLE ORGANIZATIONS AND COMMUNITIES TO HARNESS THE BENEFITS OF INTEROPERABILITY AT SCALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH & DEVELOPMENT - A HEALTH IT SOFTWARE DEVELOPMENT INCUBATOR APPLYING STATE-OF-THE-ART RESEARCH TOOLS THAT ENABLE PREDICTIVE ANALYTICS USING A WIDE SPECTRUM OF SOLUTIONS FROM POPULATION HEALTH TO PRECISION MEDICINE.
INTEROPERABILITY RESOURCES - IOI OFFERS TWO SANDBOXES FOR TESTING USING REALISTIC SYNTHETIC PATIENT DATA SETS: INTEROPERABILITY LAND(IOL), A HOSTED, SECURE 'PRIVATE LOCKER', AND MELD, AN OPEN-SOURCE, CLOUD-BASED PRODUCT. BOTH CAN BE USED FOR COLLABORATIVE TESTING AND INTEROPATHONS.
INTERNSHIP PROGRAM - A ROBUST SKILL BUILDING INTERN AND MENTORSHIP PROGRAM ADDRESSING THE HEALTH IT WORKFORCE TALENT GAP. THE PROGRAM SERVED APPROXIMATELY 81 INTERNS DURING FISCAL YEAR 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Pletcher Executive Di | OfficerTrustee | 0.5 | $0 |
Isabell Pacheco Cao | Officer | 34 | $181,656 |
Mary Kratz Executive VP | Officer | 40 | $251,082 |
Stephanie Schultz CFO | Officer | 0.5 | $0 |
Joel Gruenberg Snr Director | 40 | $175,182 | |
Nikhil Alkari Senior Engin | 40 | $149,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Augusto Hie Services | 9/29/23 | $2,256,820 |
Development Consultants Incorporated Hie Services | 9/29/23 | $268,297 |
Xzyos Llc | 9/29/23 | $129,079 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,972,494 |
| Investment income | $97 |
| 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 | $7,972,591 |
| 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. | $297,436 |
| Compensation of current officers, directors, key employees. | $42,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,770,323 |
| Pension plan accruals and contributions | $190,358 |
| Other employee benefits | $535,266 |
| Payroll taxes | $315,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,043 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,958,116 |
| Advertising and promotion | $0 |
| Office expenses | $750 |
| Information technology | $182,415 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,862 |
| All other expenses | $0 |
| Total functional expenses | $9,207,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,861,023 |
| 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 | $28,491 |
| 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 | $2,317,137 |
| Accounts payable and accrued expenses | $4,150,541 |
| Grants payable | $0 |
| Deferred revenue | $25,627 |
| 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 | $2,834,390 |
| Total liabilities | $7,010,558 |
| Net assets without donor restrictions | -$4,693,421 |
| Net assets with donor restrictions | $0 |
| 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 | $2,317,137 |