Samaritan Child Care Center Inc

Nonprofit profile at a glance

EIN: 141710225
IRS 990 coverage: 2011–2021
Forms available: Form 990 2021, Form 990-EZ 2020
Location: Troy, NY, USA
Phone: 5182713748
Rating confidence: Limited
Sector: Child Day Care

Official website

Reported finances

Revenue: $0
Expenses: $29,907
Assets: $0
Liabilities: $0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

JAMES REED MD (SPHP PRESIDENT & CEO)
DEIRDRE GRECO (DIRECTOR; FORMER EXECUTIVE DIRECTOR)
PAUL MARTIN (DIRECTOR; PRESIDENT)

Highest reported compensation

JAMES REED MD (SPHP PRESIDENT & CEO): $1,318,565 total reported compensation
THOMAS ROBERT (SPHP VP, CFO & TREASURER): $777,259 total reported compensation
DENISE MORMINO (CAO/CFO, SMALL COMPONENT CORPS.): $299,173 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, st. Peter's health partners and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Founded in community-based legacies of compassionate healing, we provide the highest quality comprehensive continuum of integrated health care, supportive housing and community services, especially for the needy and vulnerable. Samaritan child care center is a member of st. Peter's health partners and trinity health.

What it reported doing in 2021

The center closed in september 2020. Prior to closure, the samaritan-rensselaer children's center provided a developmentally oriented care program for children aged eight weeks through kindergarten. The goal of samaritan-rensselaer children's center was to provide a place where children feel free to grow, explore and question. In order to achieve its goal, the center planned its day with each child's developmental and cognitive needs in mind. Sensory, intellectual and physical stimuli were provided, along with plenty of rocking, hugs, and helping hands. The center was licensed by the New York state department of social services, and had also received accreditation from the national association for the education of young children.

Operating model

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

Financial Efficiency: 74
Transparency & Controls: 67
Accountability: 62
Sustainability: 1
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: Limited
Program expense ratio: 98.5%; rating input score 98
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Yes; rating input score 100

Accountability

Independent voting board: 50%; rating input score 50; 21st 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: Fail
- Other executive compensation review process: Pass
- 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: 0; rating input score 3; 3rd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 1,057.2%; rating input score 1; 1st percentile among comparable filings

Growth

Program expense growth: -8% per year; rating input score 0; 40th percentile among comparable filings
Revenue growth: -10.7% per year; rating input score 0; 34th percentile among comparable filings
Asset growth: -5.1% per year; rating input score 0; 21st percentile among comparable filings

Details

Where the money goes: 98.5% of spending went to programs
Governance: 4 of 8 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment · $29K in reported program spending
Leadership: top reported pay $1.3M · 11 people listed · 0 of 6 pay-setting controls reported
Consistency: 18 of 18 current checks pass
Schedules: 5 filed schedules · includes executive pay and related organizations
Filing history: 10 filing years from 2011 to 2021
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: 295 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 — Transparency & Controls: Pay-setting controls scored 0/100.
Review — Accountability: Independent voting board scored 50/100.
High — Sustainability: Total-asset coverage ratio scored 3/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: 2 of 9 not reported.
High — Sustainability: Officer compensation ratio scored 1/100.
High — Growth: Asset growth scored 0/100.