Mega Care Inc
Nonprofit profile at a glance
- EIN
- 222578561
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Oceanport, NJ, USA
- Phone
- 9733224032
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $2,838,552
- Expenses
- $0
- Assets
- $52,955,244
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- RURIC C ANDERSON MD (TRUSTEE - RWJBH EVP & CMO): $2,434,087 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To act as a member of vna health group of New Jersey, llc ("vna"). Vna arranges for the provision of the highest quality of patient healthcare, with reduced cost and streamline delivery, for, and with accountability to, residents of the communities it services. In addition, vna may participate in shared savings, pay-for-performance, enhanced fee-for-services and other arrangements that may be developed in the future with third party payors, including medicare, medicaid, commercial insurance companies, health maintenance organizations, preferred provider organizations and private health benefit plans. Vna shall be operated in a manner that provides access to patient care services based on medical necessity, without regard to the patient's race, creed, national origin, gender, payor source or ability to pay, and to individuals covered by medicare and medicaid. In furtherance of this provision, vna or its members may from time to time formulate and implement policies and procedures for th
What it reported doing in 2024
Acting as a member of vna health group of New Jersey, llc, which provides medically necessary home health and hospice care to all individuals. Please refer to the organization's mission in part iii, line 1 above.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 80
- Accountability: 76
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd 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: No; rating input score 0
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th 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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -31.4% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -8.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -3.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 2 of 3 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2.4M · 3 people listed · 5 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 8 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 111 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Growth: Asset growth scored 0/100.