Ferre Institute Inc

Nonprofit profile at a glance

EIN
161078686
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Binghamton, NY, USA
Phone
6077244308
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$499,696
Expenses
$652,872
Assets
$335,101
Liabilities
$540,867

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • James Terzian MD FCAP (President)
  • Luba Djurdjinovic MS (Executive Director)

Highest reported compensation

  • Luba Djurdjinovic MS (Executive Director): $70,510 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ferre Institute, Inc. is a not-for-profit organization dedicated to promoting haelth and wellness using an inclusive and community-based approach. It was founded in 1974 to offer training in medical genetics. The programs of Ferre Institute, Inc. provide evidence-based information and education regarding inherited risk (genetics), environmental exposures, family history and aim to integrate advances in these areas into personal health management. Information is provided to the public through community lectures, educational resources, and several educational websites. Many of the websites invite the public to email questions to program staff for addditional information, referral and guidance. The Genetic Counseling Program provides individual risk assessment, education and decision making regarding genetic testing and genetic test result explanation in cooperation with referring physicians. Trained genetic counselors are availablle for consultation to physicians and other clinicians.

What it reported doing in 2024

Program Services: In 2020, Ferre Institute, Inc. was asked to manage and coordinate a 4-Year Project to increase awareness and access to genetic services. This project is known as NYMAC (New York - Mid Atlantic - Caribbean) Regional Genetics Network is funded by the Genetic Services Branch in the Health Resources and Services Administration's HRSA Meternal and Child Heath Burea (HRSA-20-046). The NYMAC Region cnosists of ten (10) jurisdictions including eight (8) states, the District of Columbia (D.C.), and two (2) U.S. Territories (Delaware, The District of Columbia, Maryland, New Jersey, New York, Pennsylvania, Puerto Rico, Virginia, West Virginia, and the U.S. Virgin Islands.

Operating model

Revenue model
Earned-program. 84% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 15
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -30.7%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 1.61; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 10.8%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $563K in reported program spending
  • Leadership: top reported pay $71K · 9 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.