Healthy Alliance Foundation Inc

Nonprofit profile at a glance

EIN
872992168
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Schenectady, NY, USA
Phone
5187012200
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$24,026,684
Expenses
$11,683,560
Assets
$46,228,517
Liabilities
$26,615,865

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

Leadership & pay

23 people listed

Executive titles in this filing

  • ERICA COLETTI (CHIEF EXECUTIVE OFFICER)
  • DEANA MICHAELS (VICE PRESIDENT, OPERATIONS)

Highest reported compensation

  • ERICA COLETTI (CHIEF EXECUTIVE OFFICER): $351,233 total reported compensation
  • MICHELE HORAN (CHIEF OPERATING OFFICER): $238,725 total reported compensation
  • LYNNE OLNEY (CHIEF TRANSFORMATION OFFIC): $234,013 total reported compensation

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

Overview

Mission

Transforming healthcare delivery by proactively addressing a person's whole needs.

What it reported doing in 2024

New York health equity reform (nyher) 1115 waiver amendmenthealthy alliance is the designated social care network (scn) lead entity for three regionscapital region, central ny, and north countrycovering 24 counties. Scns are a key initiative under the New York health equity reform (nyher) amendment. In this role, healthy alliance is responsible for a regional network of community-based and other organizations to deliver health-related social needs (hrsn) services and coordinating with health care providers (inclusive of behavioral health and primary care), managed care and other organization types in the community ecosystem. The program facilitates standardized processes for screening, navigation, service delivery for hrsn billable services, supported by a shared people, data and technology infrastructure.

Operating model

Revenue model
Grant-funded. 93% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 95% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 80
  • Accountability: 91
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.9%; rating input score 34
  • Program expense ratio: 60.4%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.6%; rating input score 99; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 51.4%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.96; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 19.1%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 34% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 130.3% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 41.5% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 33.9% of revenue deployed · 60.4% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.1M in reported program spending
  • Leadership: top reported pay $351K · 23 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.7M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 3 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.