Johns Hopkins Pharmaquip Inc

Nonprofit profile at a glance

EIN
521450994
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Baltimore, MD, USA
Phone
4439975724
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Rehabilitative Medical Services

Reported finances

Revenue
$147,587,515
Expenses
$135,617,488
Assets
$104,280,104
Liabilities
$17,509,891

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

Leadership & pay

25 people listed

Executive titles in this filing

  • MITRA GAVGANI PHARMD (TRUSTEE, PRESIDENT)
  • CHRISTOPHER CORBETT (EXECUTIVE DIRECTOR)
  • KRISTOPHER RUSINKO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MITRA GAVGANI PHARMD (TRUSTEE, PRESIDENT): $545,560 total reported compensation
  • JAMES VAN DANIKER (VP, FINANCE & CFO & TREASURER): $363,002 total reported compensation
  • CHRISTOPHER CORBETT (EXECUTIVE DIRECTOR): $286,556 total reported compensation

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

Overview

Mission

Johns hopkins pharmaquip, inc. Is a component in the total home delivery system provided by the johns hopkins home care group, inc. And its subsidiaries. The organization also facilitates the community health care mission of the johns hopkins health system and its other health care affiliates.

What it reported doing in 2024

Hme: the purpose of johns hopkins pharmaquip, inc. Is to provide medical supplies, durable medical equipment, oxygen and respiratory equipment and services to patients. The service includes delivery and set up of all equipment. Regular follow up with phone and in-home consultations assess the patient's health and maintain the equipment. Johns hopkins pharmaquip, inc. Serves patients covered by medicare, medicaid and commercial insurers.

Operating model

Revenue model
Earned-program. 85% 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

STRONG - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 88
  • Accountability: 86
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.5%; rating input score 79
  • Program expense ratio: 85.5%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • 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: 92.3%; rating input score 92; 41st 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: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 8.1%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 7.9% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 78.5% of revenue deployed · 85.5% of spending went to programs
  • Governance: 12 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $115.9M in reported program spending
  • Leadership: top reported pay $546K · 25 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10.2M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 17 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: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.