Healthy Greater Newark Aco Inc

Nonprofit profile at a glance

EIN
811404514
IRS 990 coverage
2016–2018
Forms available
Form 990 2018
Location
West Orange, NJ, USA
Phone
9738554835
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$1,152,164
Expenses
$1,096,774
Assets
$998,058
Liabilities
$531,240

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

Leadership & pay

16 people listed

Executive titles in this filing

  • KERI LOGOSSO-MISURELL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KERI LOGOSSO-MISURELL (EXECUTIVE DIRECTOR): $138,796 total reported compensation

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

Overview

Mission

The healthy greater newark accountable care organization is a diverse team of newark provider partners that includes hospital, federally qualified health centers, behavioral health, substance use disorder and community representation. Aco partners are working together to improve health and maximize efficiencies through provider level practice transformation and community engagement using data driven strategies.

What it reported doing in 2018

New Jersey Medicaid ACO Pilot supports the design and implementation of a Medicaid Accountable Care pilot in three NJ communities (Newark, Trenton and Camden) to explore innovative system re-design including (a) testing the ACO as an alternative to managed care, (b) evaluating how care management and care coordination could be delivered to high risk, high cost utilizers, (c) stretching the role of Medicaid beyond medical services to integrate social services and, (d) testing payment reform models including pay for performance metrics and incentives. ACO Infrastructure (The Nicholson Foundation) supports the Medicaid ACO pilot by funding core ACO staff, specifically an Executive Director and Data Analyst, and related efforts to research, design and implement ACO financing and care management models. ACO Infrastructure (Healthcare Foundation of NJ) supports the Medicaid ACO pilot by funding core ACO staff, specifically a Clinical Director, to oversee clinical operations of the ACO, including working with field staff and partner agencies on strategies to improve coordination and care delivery.

Operating model

Revenue model
Grant-funded. 84% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.3%; rating input score 89
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.8%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 55.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 49.2% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -6% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 89.3% of revenue deployed · 93.8% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $139K · 16 people listed
  • Highest-paid contractors: 3 contractors listed · $1.2M reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.