Albany Medical Center Kidskeller
Nonprofit profile at a glance
- EIN
- 222635792
- IRS 990 coverage
- 2010–2017
- Forms available
- Form 990 2017
- Location
- Albany, NY, USA
- Phone
- 5182625585
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $2,106,911
- Expenses
- $1,998,705
- Assets
- $1,651,436
- Liabilities
- $721,948
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- James J Barba (President & CEO)
Highest reported compensation
- James J Barba (President & CEO): $1,845,333 total reported compensation
- Gary J Kochem (Exec VP & COO): $802,734 total reported compensation
- Frances S Albert (Exec VP & CFO): $649,102 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A fully licensed child care center by the NYS Office of Children and Family services, our mission is to maintain a continuum of child care that begins at home and extends to every aspect of our programs. This is accomplished by providing a nurturing yet stimulating environment that focuses on the development and physical needs of the infants and children enrolled in the program. A constant effort is made to keep parents informed and educated about daily activities, health concerns, and other significant issues so as to support a continuum of child care. The primary focus includes developing confidence and security; promoting social growth; and encouraging discovery.
What it reported doing in 2017
Children from eight weeks to Kindergarten age may enroll. Educational activities for these varied age groups follow a developmental sequence which includes age appropriate activities for the development of cognitive skills, fine and gross motor skills, social-emotional growth and activities of daily living skills.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 88
- Accountability: 37
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.8%; rating input score 82
- Program expense ratio: 86.2%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.1%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 28.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 81.8% of revenue deployed · 86.2% of spending went to programs
- Governance: 0 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $1.8M · 15 people listed · 5 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 8 filing years from 2010 to 2017
- Contacts: How to reach this organization
- Related organizations: 14 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Sustainability: Operating margin scored 56/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.