Globesity

Nonprofit profile at a glance

EIN
462301633
IRS 990-EZ coverage
2015–2018
Forms available
Form 990-EZ 2018
Location
Albany, NY, USA
Phone
5184369705
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Specifically Named Diseases

Reported finances

Revenue
$2,259
Expenses
$6,041
Assets
$20,022
Liabilities
$17,631

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Jeanette Thornton (President & Treasurer)
  • Emile Powe (Vice President)

People named in this filing

  • Jeanette Thornton (President & Treasurer)
  • Emile Powe (Vice President)
  • Barry Walston (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Globesity Inc.,'s purpose is to reduce the incidence and prevalence of obesity and obesity-related diseases in those ethnic groups with the highest rates of obesity but the lowest rate of financial resources or health insurance options to pay for primary and secondary obesity prevention treatment. By providing a free, 18-week primary and secondary obesity prevention program for those who qualify, using obesity specialist physicians, the incidence of obesity and obesity related diseases such as hypertension, type 2 diabetes, heart disease, stroke and others can be significantly reduced in those target populations.

What it reported doing in 2018

Globesity Inc. provides a free 24-week weight loss/weight loss maintenance program to reduce the incidence and prevalence of obesity when obesity treatment itself has a 5% success rate. Our program was able to accomplish a 40% success rate or 8 time the national average by utilizing obesity-prevention physician specialists and focusing on the real aspects of obesity treatment that minimize relapse and weight gain. The 40% success rate was over an 8 fold increase in the current obesity treatment success rate. By utilizing obesity screening, education, nutritional and dietary counseling as well as psychosocial, behavioral and dance fitness therapies our participants lost over 1000 pounds in 24 weeks.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. 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: 82
  • Sustainability: 32
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -167.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 3.31; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -52% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: 54.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2015 to 2018
  • Contacts: How to reach this organization
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.