Cooper Health System Workers Comp Trust
Nonprofit profile at a glance
- EIN
- 226409235
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Camden, NJ, USA
- Phone
- 8563826502
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,085,323
- Expenses
- $524,611
- Assets
- $734,529
- Liabilities
- $520,014
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Adrienne Kirby PhD (Trustee (CEO ADM-CHS))
Highest reported compensation
- Adrienne Kirby PhD (Trustee (CEO ADM-CHS)): $1,578,893 total reported compensation
- Douglas Shirley (Trustee (CFO-CHS)): $1,038,805 total reported compensation
- William G Smith MBA (Trustee (VP CAO-CHS)): $423,763 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides workers compensation insurance coverage to employees of the cooper health system, a related internal revenue code section 501(c)(3) tax-exempt organization, which provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay.
Operating model
- Revenue model
- Earned-program. 98% 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 66
- Accountability: 32
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.7%; rating input score 47
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- 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; 4th 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 51.7%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 1.4; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 15.1%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -90.6% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 46.7% of revenue deployed · 99.2% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $520K in reported program spending
- Leadership: top reported pay $1.6M · 4 people listed · 1 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 7 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.