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Nonprofiteer
← INNOVATIVE HEMATOLOGY INC

Form 990 for tax year 2024

Filed by INNOVATIVE HEMATOLOGY INC.

Totals

Total revenue
$35,925,598
Total expenses
$20,046,752
Contributions and grants received
$245,362
Grants paid
$84,360
Program service revenue
$1,196,623
Investment income
$10,485,121
Other revenue
$23,998,492
Total assets, end of year
$177,482,430
Total liabilities, end of year
$11,162,553
Net assets or fund balances, end of year
$166,319,877
Program services expenses (Part IX)
$17,476,974
Management and general expenses
$2,529,095
Fundraising expenses
$40,683
Program service expenses (Part III)
$17,476,974

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PHILLIP HIMELSTEIN

    CHAIRMAN/CONSULTANT

    Total calculated
    $183,800
    From this org
    $174,800
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    6 + 2 related

    Schedule J breakdown matched by us

    Base
    $174,800 + $9,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,800 + $9,000 related

  • RUSS SHERLOCK

    DIRECTOR

    Total calculated
    $101,000
    From this org
    $87,500
    From related orgs
    $13,500
    Other
    $0
    Hours/week
    3 + 3 related

  • EDWARD SCHMIDT

    DIRECTOR/CONSULTANT

    Total calculated
    $211,000
    From this org
    $202,000
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    9 + 2 related

    Schedule J breakdown matched by us

    Base
    $202,000 + $9,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $202,000 + $9,000 related

  • LEAH AUSTIN

    DIRECTOR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DENNIS CASEY

    DIRECTOR

    Total calculated
    $80,500
    From this org
    $71,500
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    3 + 2 related

  • PATRICIA ROE

    DIRECTOR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • HOLIDAY HART MCKIERNAN

    DIRECTOR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JEFFERY MARTIN

    DIRECTOR

    Total calculated
    $61,000
    From this org
    $61,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • EDWARD WILLIAMS

    DIRECTOR

    Total calculated
    $64,000
    From this org
    $64,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • AMY SHAPIRO MD

    PRESIDENT/CEO/MED DIR

    Total calculated
    $1,095,913
    From this org
    $811,705
    From related orgs
    $211,406
    Other
    $72,802
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $473,306 + $211,406 related
    Bonus
    $219,600
    Other
    $118,799
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $30,406 related
    Filer's total
    $826,836 + $269,077 related

  • ANNE GREIST MD

    DIRECTOR/MED DIR

    Total calculated
    $524,676
    From this org
    $384,803
    From related orgs
    $92,143
    Other
    $47,730
    Hours/week
    20 + 5 related

    Schedule J breakdown matched by us

    Base
    $203,703 + $92,143 related
    Bonus
    $181,100
    Other
    $0
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $5,334 related
    Filer's total
    $399,934 + $124,742 related

  • SANJAY AHUJA MD

    CHIEF MEDICAL & INFORMATICS OFFICER

    Total calculated
    $126,401
    From this org
    $89,717
    From related orgs
    $34,128
    Other
    $2,556
    Hours/week
    33 + 12 related

  • NANCY HOARD

    EXECUTIVE DIRECTOR

    Total calculated
    $521,882
    From this org
    $290,775
    From related orgs
    $183,932
    Other
    $47,175
    Hours/week
    28 + 17 related

    Schedule J breakdown matched by us

    Base
    $148,577 + $183,932 related
    Bonus
    $134,200
    Other
    $7,998
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $4,779 related
    Filer's total
    $305,906 + $215,976 related

  • ERIC GRAY

    CHIEF OPERATIONS OFFICER

    Total calculated
    $550,542
    From this org
    $279,957
    From related orgs
    $180,878
    Other
    $89,707
    Hours/week
    27 + 18 related

    Schedule J breakdown matched by us

    Base
    $161,333 + $180,878 related
    Bonus
    $103,000
    Other
    $15,624
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $47,311 related
    Filer's total
    $295,088 + $255,454 related

  • KELLY MCCARTHY

    DIRECTOR OF MUTLTIDISCIPLINARY TEAMS & QUALITY ANA

    Total calculated
    $382,579
    From this org
    $97,749
    From related orgs
    $209,292
    Other
    $75,538
    Hours/week
    14 + 31 related

    Schedule J breakdown matched by us

    Base
    $32,620 + $209,292 related
    Bonus
    $60,100
    Other
    $5,029
    Deferred
    $13,277 + $24,669 related
    Nontaxable benefits
    $0 + $37,592 related
    Filer's total
    $111,026 + $271,553 related

  • CHRIS ROBERSON

    CHIEF RESEARCH OFFICER/ SECRETARY

    Total calculated
    $428,141
    From this org
    $145,457
    From related orgs
    $208,198
    Other
    $74,486
    Hours/week
    19 + 26 related

    Schedule J breakdown matched by us

    Base
    $57,668 + $208,198 related
    Bonus
    $82,000
    Other
    $5,789
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $32,090 related
    Filer's total
    $160,588 + $267,553 related

  • JENNIFER MAAHS

    DIRECTOR OF CLINICAL CARE OPERATIONS

    Total calculated
    $344,309
    From this org
    $105,812
    From related orgs
    $189,274
    Other
    $49,223
    Hours/week
    16 + 29 related

    Schedule J breakdown matched by us

    Base
    $45,750 + $189,274 related
    Bonus
    $56,600
    Other
    $3,462
    Deferred
    $10,757 + $24,669 related
    Nontaxable benefits
    $0 + $13,797 related
    Filer's total
    $116,569 + $227,740 related

  • KEVIN SIMMONS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $281,153
    From this org
    $42,583
    From related orgs
    $189,530
    Other
    $49,040
    Hours/week
    8 + 37 related

    Schedule J breakdown matched by us

    Base
    $25,607 + $189,530 related
    Bonus
    $14,500
    Other
    $2,476
    Deferred
    $0 + $5,530 related
    Nontaxable benefits
    $0 + $43,510 related
    Filer's total
    $42,583 + $238,570 related

  • STEVAN MIZIMAKOSKI

    DIRECTOR OF PHARMACY OPERATIONS

    Total calculated
    $290,110
    From this org
    $106,567
    From related orgs
    $116,104
    Other
    $67,439
    Hours/week
    22 + 23 related

    Schedule J breakdown matched by us

    Base
    $73,747 + $116,104 related
    Bonus
    $30,250
    Other
    $2,570
    Deferred
    $10,045 + $16,389 related
    Nontaxable benefits
    $0 + $41,005 related
    Filer's total
    $116,612 + $173,498 related

  • JAY GADDY

    HEMATOLOGIST

    Total calculated
    $643,826
    From this org
    $399,956
    From related orgs
    $174,880
    Other
    $68,990
    Hours/week
    31 + 14 related

    Schedule J breakdown matched by us

    Base
    $396,494 + $174,880 related
    Bonus
    $0
    Other
    $3,462
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $26,594 related
    Filer's total
    $415,087 + $228,739 related

  • DAVID HEDRICK

    HEMATOLOGIST

    Total calculated
    $664,379
    From this org
    $406,356
    From related orgs
    $167,605
    Other
    $90,418
    Hours/week
    32 + 13 related

    Schedule J breakdown matched by us

    Base
    $308,506 + $167,605 related
    Bonus
    $95,900
    Other
    $1,950
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $48,022 related
    Filer's total
    $421,487 + $242,892 related

  • BRANDON HARDESTY

    HEMATOLOGIST

    Total calculated
    $662,648
    From this org
    $414,940
    From related orgs
    $169,365
    Other
    $78,343
    Hours/week
    32 + 13 related

    Schedule J breakdown matched by us

    Base
    $319,406 + $169,365 related
    Bonus
    $93,584
    Other
    $1,950
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $35,947 related
    Filer's total
    $430,071 + $232,577 related

  • MAGDALENA LEWANDOWSKA

    HEMATOLOGIST

    Total calculated
    $659,531
    From this org
    $402,956
    From related orgs
    $165,050
    Other
    $91,525
    Hours/week
    32 + 13 related

    Schedule J breakdown matched by us

    Base
    $305,476 + $165,050 related
    Bonus
    $95,800
    Other
    $1,680
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $49,129 related
    Filer's total
    $418,087 + $241,444 related

  • ANTHONY BETBADAL

    HEMATOLOGIST

    Total calculated
    $599,017
    From this org
    $344,956
    From related orgs
    $171,795
    Other
    $82,266
    Hours/week
    30 + 15 related

    Schedule J breakdown matched by us

    Base
    $257,730 + $171,795 related
    Bonus
    $85,600
    Other
    $1,626
    Deferred
    $15,131 + $27,265 related
    Nontaxable benefits
    $0 + $39,870 related
    Filer's total
    $360,087 + $238,930 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EMPLOYEES LISTED ON SCHEDULE J, PART II ARE ELIGIBLE TO PARTICIPATE IN IHI'S INCENTIVE COMPENSATION PLAN. IHI DEVELOPED ITS COMPENSATION PLAN IN CONJUNCTION WITH AN INDEPENDENT COMPENSATION CONSULTANT. IN ADDITION, THE PLAN WAS APPROVED BY THE INDEPENDENT COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. IN ADOPTING ITS INCENTIVE BASED COMPENSATION PLAN, IHI (TOGETHER WITH AN INDEPENDENT COMPENSATION CONSULTANT, ITS EXTERNAL LEGAL COUNSEL, AND THE COMPENSATION COMMITTEE) CONSIDERED AND APPLIED THE PROVISIONS OF CODE SECTION 4958 AND THE CORRESPONDING TREASURY REGULATIONS TO ENSURE THAT ITS COMPENSATION DECISIONS REFLECT ARMS' LENGTH, FAIR MARKET TERMS. IHI PROVIDES FOR DIRECTOR AND OFFICER FIRST CLASS TRAVEL FOR FLIGHTS AND MAINTAINS A WRITTEN POLICY ACCORDINGLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INDIANA BLOODWORK LLC

    PHARMACY · DE · income $68,997,353 · assets $11,289,684

    Directly controlled by INNOVATIVE HEMATOLOGY

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533199349300328

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