Metastar Inc

Nonprofit profile at a glance

EIN
391332612
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Madison, WI, USA
Phone
6082741940
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$14,569,487
Expenses
$13,735,529
Assets
$11,147,774
Liabilities
$2,027,211

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

Leadership & pay

19 people listed

Executive titles in this filing

  • JESI WANG (PRESIDENT & CEO)

Highest reported compensation

  • JESI WANG (PRESIDENT & CEO): $340,946 total reported compensation
  • PAUL NEITZEL (CHIEF OPERATING OFFICER): $304,504 total reported compensation
  • EMILY NELSON (VP HEALTHCARE TRANSFORMATION): $227,678 total reported compensation

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

Overview

Mission

Metastar is a quality improvement organization dedicated to effecting positive change in health and health care.

What it reported doing in 2024

See schedule ometastar has other program service revenue that includes other grants, commercial services performance measurement audits, and some administrative service revenue.the majority of metastar's other grant revenue includes contracts with the state of wi such as; coverdell grant: working to improve the transition of stroke care from ems to the hospital, and advance the quality of acute stroke care. The performance measurement audits include (1) hedis audits on the quality indicators that are used by hmos (2) data validation audits of health plans as required by cms for medicare part c&d programs, (3) urac audits performed for pharmacies accredited through urac, and risk-adjusted data validation services for commercial health plans.and other services in a variety of healthcare settings.

Operating model

Revenue model
Earned-program. 96% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.8%; rating input score 65
  • Program expense ratio: 69.8%; rating input score 70
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • 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: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.7%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 12.8%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 64.8% of revenue deployed · 69.8% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $9.6M in reported program spending
  • Leadership: top reported pay $341K · 19 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.2M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.