Alphanet Inc

Nonprofit profile at a glance

EIN
650608560
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Coral Gables, FL, USA
Phone
3054421776
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Official website

Reported finances

Revenue
$16,340,813
Expenses
$12,412,798
Assets
$55,031,124
Liabilities
$1,004,119

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • MARK B DELVAUX (PRESIDENT AND CEO)

Highest reported compensation

  • MARK B DELVAUX (PRESIDENT AND CEO): $492,137 total reported compensation
  • ROBERT A SANDHAUS (SENIOR MEDICAL DIRECTOR): $299,608 total reported compensation
  • PATRICK M LUNN (DIRECTOR OF FINANCE (THRU 02/2025)): $229,293 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Alphanet provides health management services to individuals diagnosed with alpha-1 antitrypsin deficiency. Alphanet also facilitates clinical trial participation through travel coordination, offers a nursing education program, and contributes to alpha-1 research.

What it reported doing in 2024

Alphanet services: alphanet is an innovative 501(c)(3) health management company dedicated to improving the lives of persons with alpha-1 antitrypsin deficiency ("alpha-1"). Alphanet employs 49 individuals with alpha-1 to provide health management services to over 7,000 other alpha-1 patients. Alphanet manages alpha-1 related clinical trial arrangements, provides accredited nursing education programs and, through its medical team, publishes the most comprehensive guide available for living with alpha-1.

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 80% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 87
  • Accountability: 88
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79%; rating input score 79
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Pass
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 98%; rating input score 98; 29th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 4.43; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 1.3% per year; rating input score 100; 16th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 79% of revenue deployed · 89.7% of spending went to programs
  • Governance: 8 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $11.1M in reported program spending
  • Leadership: top reported pay $492K · 16 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $228K reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 3 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.

  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 55/100.