Cato Neonatal Innovations Inc
Nonprofit profile at a glance
- EIN
- 873662902
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-T 2025, Form 990-N 2021
- Location
- Delray Beach, FL, USA
- Phone
- 7869093173
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- General Science
Reported finances
- Revenue
- $79,773
- Expenses
- $311,441
- Assets
- $138,203
- Liabilities
- $1,013
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- BENJAMIN COURCHIA (PRESIDENT)
Highest reported compensation
- BENJAMIN COURCHIA (PRESIDENT): $15,000 total reported compensation
- LORA DAPHNA YASOVA BARBEAU (SECRETARY): $15,000 total reported compensation
- RUNE TOMS (TREASURER): $2,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cato neonatal innovations inc is dedicated to improving the quality of neonatal care worldwide by providing evidence-based medical education to healthcare providers. Our mission is to make these practices accessible to the largest number of individuals globally. Through our podcasts and international conferences. We strive to create acommunity of knowledgeable and passionate neonatal caregivers empowered to provide the best possible care to their patients. We are committed to making a positive impact on the health and well-being of neonates and their families.
What it reported doing in 2025
The podcasts: cato neonatal innovation supports the production and growth of multiple free educational podcast series in neonatology aimed at global audiences. These include international editions of the incubator podcast in spanish, portuguese, french, farsi, and an india focused edition, each designed to bring high quality neonatal education to non english speaking clinicians worldwide. Cato also supports specialty series including at the bench, rupa fellows friday, beyond the beeps, and the global neonatal podcast. These shows serve neonataland pediatric trainees and practitioners across the world and are offered free of charge as part of cato's educational mission. Consulting fees are paid to dr. Benjamin courchia, dr. Daphna barbeau, and dr. Rune toms to support the development and production of these series.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 68
- Sustainability: 14
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72.2%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -290.4%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 10.4%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -30.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -16% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72.2% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $225K in reported program spending
- Leadership: top reported pay $15K · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.