Elant Inc
Nonprofit profile at a glance
- EIN
- 134082972
- IRS 990 coverage
- 2013–2018
- Forms available
- Form 990 2018
- Location
- Goshen, NY, USA
- Phone
- 8453601200
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $3,408,345
- Expenses
- $1,091,023
- Assets
- $4,254,436
- Liabilities
- $6,320,507
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- DEBRA ZAMBITO (PRESIDENT &)
Highest reported compensation
- DEBRA ZAMBITO (PRESIDENT &): $251,270 total reported compensation
- ERNEST SCOTT PIOTTI (CONTROLLER): $160,034 total reported compensation
- LOIS DESTEFANO (DIRECTOR OF): $112,776 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's primary mission is to provide administrative services which include human resources, information systems, marketing and finance to its affiliated healthcare organizations. During 2017, several of these affiliated organizations transferred their assets and operations to an unrelated third party. The aforementioned organizations are in the process of winding down. Elant, inc. Is the sole member of its remaining affiliates, glen arden, inc., lifestyle concepts, llc, and elant foundation, inc.
What it reported doing in 2018
Lifestyle concepts, llc is a wholly owned subsidiary of elant, inc. Which was established in november 2000. Lifestyle concepts, llc acquires and develops housing and healthcare facilities. In addition, lifestyle provides proprietary management service and consulting agreements to explore alternative healthcare service arrangements.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 67
- Accountability: 86
- Sustainability: 79
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 68%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 3.9; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 1.49; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: -62.8% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -5.8% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -10.3% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $251K · 13 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.1M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 6 filing years from 2013 to 2018
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.