Eddy Licensed Home Care Agency
Nonprofit profile at a glance
- EIN
- 141818568
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Troy, NY, USA
- Phone
- 5182746200
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,746
- Expenses
- $1,266
- Assets
- $2,498,697
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- STEVEN HANKS MD (DIRECTOR; PRESIDENT & CEO)
Highest reported compensation
- DANIEL ISACKSEN (DIRECTOR; TRINITY HEALTH EVP, CFO): $2,833,799 total reported compensation
- STEVEN HANKS MD (DIRECTOR; PRESIDENT & CEO): $1,756,833 total reported compensation
- THOMAS ROBERT (VP & CFO, NY REGION THRU 11/24): $1,131,253 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We, st. Peter's health partners and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing.eddy licensed home care agency is a member of st. Peter's health partners and trinity health.
What it reported doing in 2024
Eddy licensed home care agency (elhca) is a state-licensed home care agency. The agency works with hospital personnel, physicians, community agencies, and patients and their families to develop a unique plan of care that increases the range of services traditionally provided in the home.the agency was closed as of may 2, 2023 after receiving approval of its closure plan from the New York state department of health. See part iii, line 3 above for additional information about the agency's closure.please visit our website for additional information: www.sphp.com
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating 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 - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 59
- Accountability: 70
- Sustainability: 82
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.1%; rating input score 25
- Program expense ratio: 93.9%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 22nd 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: 63.6%; rating input score 64; 21st 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: 73.3%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 1,973.69; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 96,134.2%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 55th percentile among comparable filings
- Asset growth: 21.3% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 25.1% of revenue deployed · 93.9% of spending went to programs
- Governance: 7 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $2.8M · 23 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 312 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 — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 0/100.