Hamotcole Ventures Inc

Nonprofit profile at a glance

EIN
273172100
IRS 990 coverage
2011–2021
Forms available
Form 990 2021, Form 990-T 2021
Location
Coudersport, PA, USA
Phone
8142749300
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Reported finances

Revenue
$591,500
Expenses
$599,090
Assets
$6,064,709
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • JANIE HILFIGER (PRESIDENT/CEO)
  • EDWARD C PITCHFORD (PRESIDENT/CEO)

Highest reported compensation

  • STEVEN P JOHNSON (DIRECTOR): $1,201,693 total reported compensation
  • DAVID J LOPATOFSKY MD (DIRECTOR): $843,076 total reported compensation
  • MARIBETH MCLAUGHLIN (DIRECTOR): $502,664 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Service-oriented and focused on the community by expanding and enhancing health care services and improving access to a broader continuum of care through the expansion and renovation of health centers.

What it reported doing in 2021

Hamotcole expanded its presence in the region by constructing a 7,650 square foot health care clinic in shinglehouse, Pennsylvania, which includes primary care offices, imaging, laboratory and rehabilitation services. This facility is seeing in excess of 12,000 patients annually, and replaced a worn, small and outdated facility that began being utilized in 1979. With the opening of this new clinic, space will also be provided for traveling specialists, telemedicine and mental health services. This new clinic will serve patients from both mckean and potter counties as well as certain areas of ny state.

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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 66
  • Accountability: 69
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 61.5%; rating input score 62; 12th 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: -1.3%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 10.12; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 81.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 8 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $599K in reported program spending
  • Leadership: top reported pay $1.2M · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Related organizations: 141 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.