Pederson-krag Center Inc

Nonprofit profile at a glance

EIN
111955477
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Huntington, NY, USA
Phone
6319208000
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health Treatment F31 Psychiatric, Mental Health Hospital

Official website

Reported finances

Revenue
$22,021,017
Expenses
$22,380,559
Assets
$5,225,099
Liabilities
$15,800,864

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KATHLEEN KELLY (ACTING PRESIDENT/BOARD MEMBER)
  • DEAN WEINSTOCK (CEO/EXECUTIVE DIRECTOR)

Highest reported compensation

  • DEAN WEINSTOCK (CEO/EXECUTIVE DIRECTOR): $213,928 total reported compensation
  • OANGHKARJIT BUTTAR (PSYCHIATRIST): $167,507 total reported compensation
  • REBECCA COSTA (CHIEF OPERATING OFFICER): $150,059 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To offer a continuum of out-patient and school based mental health and addiction recovery services and to provide quality services to children, adults and families in a manner that fosters dignity and respect and empowers individuals to become full participants in their own recovery and independent members of the community.

What it reported doing in 2015

Mental health services rendered in an outpatient mental health clinic as well as day treatment facilities. The organization provided services to over 4,000 clients during 2015. (excludes donated services of $165,674.)

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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.5%; rating input score 87
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 69th 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: -1.6%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 3.02; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: -12.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -22.5% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 86.5% of revenue deployed · 85.1% of spending went to programs
  • Governance: 2 of 2 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $19M in reported program spending
  • Leadership: top reported pay $214K · 9 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $158K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 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: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.