Health Care Cost Containment Corp of the Mid-atlantic Region Inc
Nonprofit profile at a glance
- EIN
- 521705582
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Salem, VA, USA
- Phone
- 5403457735
- Rating confidence
- Limited
Reported finances
- Revenue
- $84,887
- Expenses
- $107,308
- Assets
- $547,631
- Liabilities
- $16,775
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
62 people listed
Executive titles in this filing
- JOSHUA VANDYKE (PRESIDENT)
- JT THOMAS (VICE PRESIDENT)
- BRITTANY MARTIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- BRITTANY MARTIN (EXECUTIVE DIRECTOR): $18,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
During the year ended 12/31/24, the corporation supported and assisted the efforts of employee benefit plans by establishing and maintaining a system of cost effective health coverage for employee health benefit plans and providing for education in connection with health care costs and the reduction thereof.
What it reported doing in 2024
During the year ended 12/31/24, the corporation supported and assisted the efforts of employee benefit plans by establishing and maintaining a system of cost effective health coverage for employee health benefit plans and providing for education in connection with health care cost and the reduction thereof. This is essentially the only program service of the organization and all of the revenues and expenses are considered to be for this purpose.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 69
- Sustainability: 36
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.4%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 5.1; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 16.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.6% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: 14.9% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 51 of 51 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $18K · 62 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 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 — Accountability: Governance controls: 6 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.