Healthcare Innovation Transfer
Nonprofit profile at a glance
- EIN
- 463009006
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2019
- Location
- The Hague, The Hague, NL
- Phone
- 4152598634
- Rating confidence
- Limited
- Sector
- Health, General and Financing
Reported finances
- Expenses
- $365
- Assets
- $1,156
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- JOHN GOLENSKI (CHAIRMAN)
- SCOTT KING (VICE-CHARIMA)
- THIJS BOEKHOFF (EXECUTIVE DI)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Healthcare innovation transfer (hit) has dutch and north-american healthcare organizations, academic institutes and the dutch government partners as members. What is the purpose of hit? Global healthcare systems are under stress. Demand for services is growing at historic rates: unhealthy lifestyles continue to increase the risk and cost of disease, oncological diseases are shifting from deadly to more chronic, chronic conditions in general are more prevalent as peoples life expectancy increases across all demographics, and advances in medical technologies further defer mortality. The mission of healthcare innovation transfer is to leverage the excellence of two global leaders to transform the process and to reduce the cost of healthcare and wellbeing. A synergy will form when the dutch healthcare experience and integrated care approaches merge with the united states technological and operational innovation and entrepreneurship.
What it reported doing in 2023
What is the purpose of hit? Global healthcare systems are under stress. Demand for services is growing at historic rates: unhealthy lifestyles continue to increase the risk and cost of disease, oncological diseases are shifting from deadly to more chronic, chronic conditions in general are more prevalent as peoples life expectancy increases across all demographics, and advances in medical technologies further defer mortality. The mission of healthcare innovation transfer is to leverage the excellence of two global leaders to transform the process and to reduce the cost of healthcare and wellbeing. A synergy will form when the dutch healthcare experience and integrated care approaches merge with the united states technological and operational innovation and entrepreneurship.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 3.17; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -25.1% per year; rating input score 0; 37th percentile among comparable filings
- Revenue growth: -23.2% per year; rating input score 0; 38th percentile among comparable filings
- Asset growth: -29.2% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $365 in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2014 to 2023
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.