Nehi INC FY2022 filing

Boston, MAUnknown exempt organizationEIN 01-0624865Revenue $2.1M in FY2022

On file with the IRSnehi-us.org50 Milk Street 16th Floor · Boston, MA

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Nehi's mission is to solve complex problems and achieve value in health care by fostering interdisciplinary collaboration and innovation.

61¢ of each $1 spent went to programs.
$641K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$641K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$979K
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+16% vs prior year
Spent
$1.8M
To programs
61%
Net assets
$200K
By yearFY2020–FY2024
Revenue
$2.1M
FY2022▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$978K
FY2021$1.8M
FY2022$2.1M
FY2023$1.5M
FY2024$1.4M
Expenses
$1.8M
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.8M
FY2023$1.7M
FY2024$1.4M
Net assets
$200K
FY2022▲ +413%
Tap a bar for its year
Net assets by fiscal year
FY2020−$269K
FY2021−$64K
FY2022$200K
FY2023$23K
FY2024$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $1.1M Management & general 39% · $706K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $641K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$309,369Pt VII · Sec A
Vice President-Policy Rese
$181,623Pt VII · Sec A
Vice President of Marketing & Member Engagement
$149,509Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (since Dec 2022)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wendy Warring Jd$282,930$270,032$309,369$304,296$270,292
Thomas Hubbard$245,380$181,922$181,623$175,805$167,534
Stephen B Herskovitz—$171,794$149,509——
Claire Cruse—$147,028———
Valerie Fleishman————$46,858

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters collaboration and innovation to solve complex healthcare problems and improve value.

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Provided by the organization

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3 programs · $267K · in their own filed words · FY2022
01

Automation of Prior Authorization

Nehi was funded by the massachusetts health policy commission (the state's commission overseeing overall health care spending in massachusetts and recommending steps to limit spending to the rate of growth in the state economy) and four automation technology service providers (change healthcare, cohere health, hook MD, and zeomega) to…

$92Kprogram expense
02

Community Focused Research Organization (cfro-1)

Nehi partnered with eli lilly, which provided the funding for this project, to test whether convening a group of organizations with varied stakes in clinical trials can be effective in developing strategies to improve the participation of underrepresented groups in clinical trials.

$88Kprogram expense
03

Leveraging patient and other stakeholder perspectives to advance research on medicaid access to tele-mental health care:the tel. Health project, funded by the patient-centered outcomes research institute (pcori), was designed to obtain multi-stakeholder perspectives on the research needed to enhance the beneficial impact of tele-mental…

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$720K
Other incomeLn 4–11$17K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.1M
Managementcol C$706K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2$715K
Total assetsLn 16$1.2M
LiabilitiesLn 26$979K
PeoplePt VI, VII
21
listed · VII A
PaidVII A3
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$133K
Fees for servicesLn 2g$720K
Investment incomeLn 3$1K
Other incomeLn 4–11$17K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$238K
SavingsLn 2$477K
Cash and savings togetherLn 1–2$715K
Land, buildings, equipmentLn 10c$82K
Other assetsLn 15$254K
Total assetsLn 16$1.2M
LiabilitiesLn 26$979K
Net assetsLn 32$200K
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$585K$715K
Land, buildings, equipmentLn 10c$141K$82K
Total assetsLn 16$882K$1.2M
LiabilitiesLn 26$945K$979K
Net assetsLn 32−$64K$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$546K$491K$55K
Other salaries and wagesLn 7$570K$213K$356K
Other employee benefitsLn 9$63K$27K$36K
Payroll taxesLn 10$68K$42K$26K
Accounting feesLn 11c$94K$94K
Other fees for servicesLn 11g$30K$5K$25K
Office expensesLn 13$37K$30K$7K
Information technologyLn 14$34K$22K$12K
OccupancyLn 16$182K$117K$65K
Conferences, conventions and meetingsLn 19$25K$25K
Depreciation, depletion and amortizationLn 22$63K$40K$24K
InsuranceLn 23$7K$4K$2K
Other expenses (24a–d)Ln 24$80K$76K$4K
Total functional expensesLn 25$1.8M$1.1M$706K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.4M−$23K$0 990 PDF
FY2023 $1.5M$1.7M−$142K$23K 990 PDF
FY2022 Viewing $2.1M$1.8M$264K$200K 990 PDF
FY2021 $1.8M$1.6M$205K−$64K 990 PDF
FY2020 $978K$1.3M−$337K−$269K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,062,268 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,061,176$1,323,243
I-9 Program service revenuePrior year $695,800$720,500
I-10 Investment incomePrior year $131$1,300
I-11 Other revenuePrior year $14,092$17,225
I-12 Total revenuePrior year $1,771,199$2,062,268
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,153,012$1,246,916
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $413,271$551,760
I-18 Total expensesPrior year $1,566,283$1,798,676
I-19 Revenue less expensesPrior year $204,916$263,592
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,062,268 across 7 lines filed
VIII-1e Government grants$133,490
VIII-1f All other contributions, gifts and grants$1,189,753
VIII-1h Total contributions, gifts and grants$1,323,243
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $720,500$720,500
VIII-3 Investment incomeExcluded from tax $1,300$1,300
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $17,225$17,225
VIII-12 Total revenueRelated to mission $720,500 · Unrelated business $0 · Excluded from tax $18,525$2,062,268
Part IX · Statement of functional expenses $1,798,676 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $491,137 · Management $55,303$546,440
IX-7 Other salaries and wagesPrograms $213,407 · Management $356,316$569,723
IX-9 Other employee benefitsPrograms $27,060 · Management $35,685$62,745
IX-10 Payroll taxesPrograms $42,204 · Management $25,804$68,008
IX-11c Accounting feesManagement $94,428$94,428
IX-11g Other fees for servicesPrograms $4,760 · Management $24,849$29,609
IX-13 Office expensesPrograms $30,200 · Management $6,938$37,138
IX-14 Information technologyPrograms $21,588 · Management $11,950$33,538
IX-16 OccupancyPrograms $116,873 · Management $64,688$181,561
IX-19 Conferences, conventions and meetingsPrograms $25,385$25,385
IX-22 Depreciation, depletion and amortizationPrograms $39,614 · Management $23,509$63,123
IX-23 InsurancePrograms $4,314 · Management $2,387$6,701
IX-24 Other expenses (24a–d)Programs $76,164 · Management $4,113$80,277
IX-25 Total functional expensesPrograms $1,092,706 · Management $705,970 · Fundraising $0$1,798,676
Part X · Balance sheet $1,179,311 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $148,271$238,105
X-2 Savings and temporary cash investmentsStart of year $437,176$477,109
X-3 Pledges and grants receivableStart of year $111,552$111,552
X-9 Prepaid expenses and deferred chargesStart of year $12,868$16,541
X-10c Land, buildings and equipment, netStart of year $141,075$82,066
X-15 Other assetsStart of year $30,649$253,938
X-16 Total assetsStart of year $881,591$1,179,311
X-17 Accounts payable and accrued expensesStart of year $274,481$321,421
X-19 Deferred revenueStart of year $346,000$308,000
X-24 Unsecured notes and loans payableStart of year $133,490$0
X-25 Other liabilitiesStart of year $191,396$350,074
X-26 Total liabilitiesStart of year $945,367$979,495
X-27 Net assets without donor restrictionsStart of year −$633,980−$814,736
X-28 Net assets with donor restrictionsStart of year $570,204$1,014,552
X-32 Total net assets or fund balancesStart of year −$63,776$199,816
X-33 Total liabilities and net assetsStart of year $881,591$1,179,311
Part XI · Reconciliation of net assets $199,816 net assets at year end
XI-1 Total revenue$2,062,268
XI-2 Total expenses$1,798,676
XI-3 Revenue less expenses$263,592
XI-4 Net assets at start of year−$63,776
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$199,816

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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