Ohp Phsp Inc (Formerly Known as Health Plus Prepaid Services Inc)

Overview

Mission

See schedule o

What it reported doing in 2017

Ohp phsp, inc.'s mission is to try to ensure that every child and adultin New York city and nassau county has access to free and affordablehealthcare. The organization formerly known as healthplus provided comprehensive prepaid healthcare coverage to medicaid, familyhealth plus, and child health plus recipients. Since may 2012, ohpphsp, inc. Has been winding down its operations as a result of the saleof its operating and financial assets including its property and equipment, its rights and obligations under its medicaid, fhp, chp and medicare contracts. As of 8/31/18, the remaining cash was used for working capital and to satisfy all remaining liabilities.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

Nonprofit profile at a glance

EIN
113245559
IRS 990 coverage
2011–2017
Forms available
Form 990 2017
Headquarters
Brooklyn, NY, USA
Phone
7186308412
Rating confidence
Limited
Sector
Health, General and Financing

The verdict

- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 49
  • Accountability: 21
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 2nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -85.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -66.6% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $4.1M · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 9 of 11 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 6 annual filings from 2011 to 2017
  • Contacts: How to reach this organization
  • Related organizations: 93 filed related-organization links
  • 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.

Leadership & pay

4 people listed

Highest reported compensation

  • ANDREW W BROTMAN MD (CHAIR): $4,107,576 total reported compensation
  • MICHAEL T BURKE (VICE CHAIR/TREASURER THRU 7/10/18): $3,036,976 total reported compensation
  • ANNETTE JOHNSON JD (SECRETARY): $2,352,727 total reported compensation

Source: IRS Form 990. Selected filing: FY2017.