Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
24 people listed on the 990; $244K paid to officers and key staff.
Laura Cordier’s $180K as Executive Director is at the 70th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Laura Cordier | $180,186 | $93,584 | $86,042 | $77,083 | — |
| Matthew Bonds | $26,446 | $118,190 | $79,366 | $73,354 | $65,520 |
| Tara Loyd | — | — | $101,212 | $114,167 | $108,333 |
| Alishya Mayfield | — | — | — | — | $104,747 |
| Charlotte Fraiberg | $49,742 | — | — | — | — |
| Benjamin Andriamihaja | $42,615 | $13,842 | $35,000 | $35,000 | $33,960 |
| Michael Rich | — | $17,887 | $32,974 | $26,005 | $41,793 |
| Faramalala Rabemananjara | $200 | $941 | $2,350 | $2,350 | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Transforms health systems in Madagascar to save lives and reduce maternal/child mortality.
Questions for Pivotworks INC
Your first name shows with your question. Pivotworks INC answers here, for everyone.
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Madagascar Health Services
Pivot works in the vatovavy region of madagascar, with a vision to advance universal health coverage. In order to do so, our district model approach ensures the integration of care at all three critical levels of the health system: community health, primary health care facilities and district referral hospitals.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.6M | $4.5M |
| Land, buildings, equipmentLn 10c | $238K | $226K |
| Total assetsLn 16 | $5.7M | $6.9M |
| LiabilitiesLn 26 | $833K | $787K |
| Net assetsLn 32 | $4.8M | $6.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $293K | $239K | $16K | $38K |
| Other salaries and wagesLn 7 | $1.7M | $1.4M | $210K | $84K |
| Other employee benefitsLn 9 | $521K | $433K | $62K | $27K |
| Payroll taxesLn 10 | $246K | $203K | $28K | $15K |
| Legal feesLn 11b | $5K | $3K | $2K | $50 |
| Accounting feesLn 11c | $136K | $136K | ||
| Other fees for servicesLn 11g | $468K | $440K | $11K | $17K |
| Office expensesLn 13 | $362K | $161K | $152K | $49K |
| OccupancyLn 16 | $203K | $159K | $42K | $2K |
| TravelLn 17 | $602K | $534K | $46K | $22K |
| Depreciation, depletion and amortizationLn 22 | $78K | $56K | $22K | $404 |
| Other expenses (24a–d)Ln 24 | $2.4M | $2.3M | $80K | $38 |
| Total functional expensesLn 25 | $7.0M | $5.9M | $807K | $253K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $8.6M | $7.4M | $1.2M | $7.3M | 990 PDF |
| FY2024 Viewing | $8.3M | $7.0M | $1.3M | $6.1M | 990 PDF |
| FY2023 | $6.5M | $7.7M | −$1.2M | $4.8M | 990 PDF |
| FY2022 | $7.6M | $6.2M | $1.4M | $5.9M | 990 PDF |
| FY2021 | $7.0M | $6.2M | $801K | $4.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $8,277,986 revenue, 12 lines filed
Part VI · Governance 15 of 19 board members independent, 1 to look at
Part VIII · Statement of revenue $8,277,986 across 5 lines filed
Part IX · Statement of functional expenses $6,999,972 across 12 lines filed
Part X · Balance sheet $6,874,157 assets, 14 lines filed
Part XI · Reconciliation of net assets $6,087,417 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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