Hudson Regional Ltc Pharmacy Inc

Nonprofit profile at a glance

EIN
273970005
IRS 990-EZ coverage
2017–2017
Forms available
Form 990 2016, Form 990-EZ 2017
Location
Middletown, NY, USA
Phone
8453412700
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Health, General and Financing

Reported finances

Revenue
$219
Expenses
$777,856
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • A JAMES FORBES JR (PRESIDENT)

People named in this filing

  • A JAMES FORBES JR (PRESIDENT)
  • WILLIAM J SAMMIS (TREASURER)
  • J RICHARD SCHWARTZ (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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hudson regional ltc pharmacy, inc. Was formed to serve individuals living with developmental, physical or psychiatric disabilities or economically disadvantaged individuals who are eligible to receive medicaid or both medicaid and medicare reimbursement for such products and services; or who do not receive such reimbursement, such that the products and services may be provided at no-cost or a reduced-cost, as funds permit (collectively referred to herein as "consumers") and to improve the quality of care and management of institutional pharmaceutical usage by and risk to consumers by providing information to persons and entities serving such consumers regarding quality assurance best practices and protocols, and changes and amendments to regulations affecting the specialized situation of the consumers served in addition to assistance with changing compliance requirements and available products within the pharmaceutical industry.

What it reported doing in 2017

To promote the health and welfare of individuals with disabilities by providing low cost or no cost drugs to help them obtain needed prescriptions. In september 2016, the pharmacy was sold to an unrelated organization and the pharmacy ceased operations. In 2017, the pharmacy made four liquidating grants to dissolve the organization.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 76
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.5%; rating input score 96

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -355,085.4%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.5%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -23.8% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -60.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $743K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 4 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.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.