Associated Specialists of Southeastern Connecticut Inc

Nonprofit profile at a glance

EIN
208006123
IRS 990 coverage
2011–2017
Forms available
Form 990 2017
Location
New London, CT, USA
Phone
2036886088
Rating confidence
Limited
Sector
Health - General and Rehabilitative N.E.C.

Reported finances

Revenue
$0
Expenses
$680
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • CHRISTOPHER LEHRACH (PRESIDENT/TRUSTEE)
  • SETH VAN ESSENDELFT THRU 518 (VICE PRESIDENT/CFO)

Highest reported compensation

  • CHRISTOPHER LEHRACH (PRESIDENT/TRUSTEE): $720,983 total reported compensation
  • JON GAUDIO (CHAIRMAN/TRUSTEE): $674,211 total reported compensation
  • SETH VAN ESSENDELFT THRU 518 (VICE PRESIDENT/CFO): $557,994 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To benefit the health status of the community serviced by the hospital through integrating various physicians and other healthcare professionals.

What it reported doing in 2017

Historically, associated specialists of southeastern Connecticut, inc. (assct) supported lawrence + memorial hospital inc.'s commitment to advance the health and well-being of individuals in the hospital's service area through the provision of physician and other professional services to the hospital. The organization had supported the physician service needs for the hospital's cancer center and wound care center. The organization provided affordable & accessible specialty healthcare services regardless of a patient's ability to pay, including serving the medicare, medicaid, uninsured and indigent population in the hospital's service area.the corporation was dissolved on september 27, 2018.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 67
  • Accountability: 32
  • Sustainability: 1
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 50,255.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -62% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -43.1% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -36.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $680 in reported program spending
  • Leadership: top reported pay $721K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 7 filing years from 2011 to 2017
  • Contacts: How to reach this organization
  • Related organizations: 39 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.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.