FOJP Service Corporation

Nonprofit profile at a glance

EIN
132914141
IRS 990 coverage
2010–2019
Forms available
Form 990 2019
Location
New York, NY, USA
Phone
2128910700
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Voluntarism Promotion

Reported finances

Revenue
$133,167,236
Expenses
$136,419,644
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • WALTER HARRIS (PRESIDENT & CEO)

Highest reported compensation

  • WALTER HARRIS (PRESIDENT & CEO): $2,802,556 total reported compensation
  • ROBERT KAUFFMAN (SVP, GENERAL COUNSEL): $1,587,743 total reported compensation
  • NOELEEN DOELGER (SVP & CFO): $1,419,495 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fojp provides risk management and insurance services to certain of the beneficiary organizations of uja-federation of New York ("uja-federation"), all of which are 501(c)(3) institutions. These supported institutions include long-term care facilities, social service agencies, and hospitals.

What it reported doing in 2019

Fojp's risk management and insurance services are provided through the following programs: (i) professional and general liability insurance services for hospitals and their employed physicians that would otherwise have to be performed as internal activities by the hospitals; (ii) general liability and professional liability insurance services for the social service agencies that would otherwise have to be performed as internal activities by the social service agencies; (iii) group and individual entity commercial property and liability insurance services for all beneficiary organizations that would otherwise have to be performed as internal activities by the beneficiary organizations; and (iv) management and claims services for hospitals insurance company, inc. ("hic") a related organization, which is a New York domiciled insurance company that principally writes physician medical malpractice insurance that is controlled by the mount sinai hospital ("mt. Sinai"), beth israel medical center ("beth israel"), montefiore medical center ("montefiore") and maimonides medical center ("maimonides") as of 12/31/19 all of which are supported institutions of fojp.

Operating model

Revenue model
Earned-program. 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 82
  • Accountability: 85
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.3%; rating input score 95
  • Program expense ratio: 93%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 90%; rating input score 90; 43rd 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: -2.4%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -3.5% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -2.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -10.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 95.3% of revenue deployed · 93% of spending went to programs
  • Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $126.9M in reported program spending
  • Leadership: top reported pay $2.8M · 25 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $28.6M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 10 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Money network: 70 filed money-flow records
  • Related organizations: 58 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 — Sustainability: Operating margin scored 17/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.