Carolina Crescent Health Plan Inc
Nonprofit profile at a glance
- EIN
- 205547869
- IRS 990 coverage
- 2009–2012
- Forms available
- Form 990 2012
- Location
- Richmond, VA, USA
- Phone
- 8048195164
- Rating confidence
- Limited
- Sector
- Hospital, General
Reported finances
- Revenue
- $404,567
- Expenses
- $194,302
- Assets
- $3,374,542
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
6 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Carolina crescent health plan is committed to ensuring our members receive the highest quality medical services from our physicians, hospitals and other health care providers. Through operational excellence, our dedicated team will promote member-focused services, continually foster strong provider relationships, and shift more of our financial resources to health care services. Our goal is to improve the health status of our membership.guiding values and priniciples- serve and support the South Carolina medicaid eligible population- meet the health care needs of our members- empower our members through education and member-focused services- support doctor / patient relationships by fostering strong provider relationships- effectively integrate managed care administration and health care services- abide by all ethical standards and demonstrate integrity and quality in all business practices
What it reported doing in 2012
Carolina crescent maintained contracts with area providers to supply health care, disease prevention, and health promotion for individuals and families in the community in an effective, accessible and affordable manner. Cchp entered into a sale agreement effective june 1, 2010 to transfer its member contracts to absolute total care, inc. (an unrelated third party) and will no longer underwrite new business in South Carolina. Cchp has certain run-out and transition obligations that will continue into 2013. Management intends to liquidate the remaining assets of cchp subsequent to the claims run-out.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 64
- Accountability: 32
- Sustainability: 83
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th 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: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th 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: 52%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 17.37; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 104.6%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -84.6% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -60.3% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $155K in reported program spending
- Leadership: top reported pay $1.8M · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2009 to 2012
- Related organizations: 6 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 — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.