Alzheimer's Disease and Related Disorders New York City Inc

Nonprofit profile at a glance

EIN
133277408
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
New York, NY, USA
Phone
6467442900
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health

Official website

Reported finances

Revenue
$5,802,618
Expenses
$6,250,019
Assets
$9,462,823
Liabilities
$2,211,026

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

Leadership & pay

35 people listed

Executive titles in this filing

  • ELEONORA CARMEN TORNATORE (PRESIDENT & CEO)

Highest reported compensation

  • ELEONORA CARMEN TORNATORE (PRESIDENT & CEO): $301,858 total reported compensation
  • ALEX WONG (CHIEF FINANCIAL OFFICER): $168,639 total reported compensation
  • STEPHANI L SHIVERS (CIO & VP PROGRAM DEVELOPMENT): $166,000 total reported compensation

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

Overview

Mission

To create, deliver, and promote comprehensive and compassionate care and support services for individuals and families affected by alzheimer's disease and related dementias, and to eliminate alzheimer's disease through the advancement of research.

What it reported doing in 2024

Community building & special populations: alzheimer's and cognitive disorders occur regardless of culture, race, ethnicity, language, socio-economic status, gender, sexual orientation, geography, etc. Providing accessible and equitable services to match needs regardless of one's background and in culturally sensitive ways is part of caringkind's ethos. The goal of the community building & special populations department is to increase the dementia awareness and friendliness of local communities to ensure families impacted by dementia have access to community supports and inclusive services that honor distinct populations, diverse backgrounds, experiences, preferences, cultures, languages, etc. Workforce development & consultingthe goal of the workforce development department is to build the capacity of healthcare systems, residential communities and long-term service and support providers to provide comprehensive and quality dementia care. Research caringkind recognizes that finding a cure and developing new and improved services for those impacted by alzheimer's and other cognitive disorders requires research and a large, diverse pool of willing, research participants. Caringkind helps individuals and families learn about and participate in research in a variety of ways. We also identify, amplify, highlight and conduct research designed to improve the lives of those impacted by alzheimer's and other cognitive disorders.the expenses below reflect the total for all other programs.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.5%; rating input score 80
  • Program expense ratio: 72.1%; rating input score 72
  • Fundraising efficiency: $5.19 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.9%; rating input score 93; 28th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: -7.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.51; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 17.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -6.5% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 80.5% of revenue deployed · 72.1% of spending went to programs
  • Governance: 27 of 27 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.5M in reported program spending
  • Leadership: top reported pay $302K · 35 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 4 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.