Hitachi
Legal name: Hitachi America Ltd Health and Welfare
Nonprofit profile at a glance
- EIN
- 237688845
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Rye Brook, NY, USA
- Phone
- 9143325800
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $240,188,368
- Expenses
- $240,901,174
- Assets
- $13,496,953
- Liabilities
- $21,786,480
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- MASANAO IWATA (CFO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hitachi America R&D advances Social Innovation by combining digital intelligence and physical-systems expertise to co-create real-world solutions for industry and society. Organizational Alignment Workshops** define goals and align participants around the same goal. These workshops help organizations identify shared objectives, define the mission statement as a team, identify and prioritize common challenges, and devise possible actions to overcome those challenges. Context Mapping Workshops** identify opportunity areas. Participants identify stakeholders and the resources and values exchanged between them, allowing teams to establish a deeper understanding of the solution space. As a result, they can identify potential business opportunities or areas where they lack needed details, presenting opportunities for further investigation and field research. Solutio.
What it reported doing in 2024
Benefits paid for eligible participants of the plan.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 78% of its reported program spending for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 90
- Accountability: 71
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.2%; rating input score 95
- Program expense ratio: 95%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 1.61; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 15.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site
- Where the money goes: 95.2% of revenue deployed · 95% of spending went to programs
- Governance: 1 of 2 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $228.9M in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- 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.
- Review — Accountability: Independent voting board scored 50/100.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.