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HFII CORPORATION

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Public IRS 990 nonprofit record

HFII CORPORATION

EIN 90-0840304 · Biomedicine & Bioengineering Research (H92)

What they do

THE HENRY FORD INNOVATION INSTITUTE (HFII) WAS ESTABLISHED BY HENRY FORD HEALTH SYSTEM DBA HENRY FORD HEALTH (HF HEALTH) to REFLECT ITS COMMITMENT to INNOVATION WHICH SERVES AS BOTH A PHYSICAL and VIRTUAL RESOURCE. IT PROVIDES HF HEALTH INNOVATORS ACCESS to AN ARRAY of INTELLECTUAL ASSET-RELATED RESOURCES and PROGRAMS THAT INCLUDE TECHNOLOGICAL OPPORTUNITY ASSESSMENT, DESIGN SERVICES for PROTOTYPES, SEMINARS DESIGNED to CONVEY OPPORTUNITIES, PROGRAMS AIMED AT DEVELOPING SPECIFIC MEDICAL PRODUCTS and BROAD EDUCATIONAL OFFERINGS IN THE REALMS of TRANSLATIONAL MEDICINE and THE ENTREPRENEURIAL ARTS.HFIIS OPERATING PHILOSOPHY is SIMPLE: USE INNOVATION to IMPROVE HEALTHCARE and THE PATIENT EXPERIENCE. THE INSTITUTE is ORGANIZED AS AN INDEPENDENT SCIENTIFIC RESEARCH and EDUCATIONAL ENTITY, ALLOWING IT to OPERATE FLEXIBLY and RAPIDLY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

125.19%of revenue went to mission work100.0% of expenses · Program services
$125.19spent for every $100 of revenueSpending was higher than revenue this year.
$0.42in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $730 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $369,661 for STEVEN N KALKANIS MD (TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,898
Mission workProgram services$3,628125.19% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$3,628125.19% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 125.19% of revenue
2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 125.19% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 125.19% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 280.37% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 163.48% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 57.63% of revenue

Money in and money out

Revenue$2,898
Expenses$3,628
Annual shortfall $730 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,628 · 100.0% of expenses
See all reported dollar amounts
Revenue$2,898
Expenses$3,628
Assets$1,509
Income$2,898
Contributions$2,898
Mission work (program services)$3,628
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
STEVEN N KALKANIS MDTRUSTEE · 1 hrs/week $369,661Base · Other $369,661
SCOTT A DULCHAVSKY MD PHDTRUSTEE - PRESIDENT · 2 hrs/week $67,602Base · Other $67,602
ROBIN S DAMSCHRODERTRUSTEE-TREASURER · 2 hrs/week $64,536Base · Other $64,536
DENISE BROOKS-WILLIAMSTRUSTEE · 1 hrs/week $64,141Base · Other $64,141
ROBERT G RINEYTRUSTEE -CHAIR · 2 hrs/week $61,705Base · Other $61,705
ABHILASHA PRASADTRUSTEE · 1 hrs/week $41,013Base · Other $41,013
MARJORIE A STATEN JDSECRETARY · 2 hrs/week $15,932Base · Other $15,932

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

STEVEN N KALKANIS MDTRUSTEE

SCOTT A DULCHAVSKY MD PHDTRUSTEE - PRESIDENT

ROBIN S DAMSCHRODERTRUSTEE-TREASURER

DENISE BROOKS-WILLIAMSTRUSTEE

ROBERT G RINEYTRUSTEE -CHAIR

ABHILASHA PRASADTRUSTEE

MARJORIE A STATEN JDSECRETARY

About this charity

Recognized since
January 2012
Location
ONE FORD PLACE SUITE 5F, DETROIT, MI 48202
County
Wayne
In care of
J DOUGLAS CLARK
Primary officer
J DOUGLAS CLARK, SVP/CHIEF ACCOUNTING OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
NTEE classification
Biomedicine & Bioengineering Research (H92)
IRS tax category
Biomedicine & Bioengineering Research

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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