Scottsdale Captive Insurance Company
Nonprofit profile at a glance
- EIN
- 203455823
- IRS 990 coverage
- 2009–2011
- Forms available
- Form 990 2011
- Location
- Scottsdale, AZ, USA
- Phone
- 4808826186
- Rating confidence
- Limited
- Sector
- Insurance Providers
Reported finances
- Revenue
- $15,345,576
- Expenses
- $9,305,887
- Assets
- $51,599,998
- Liabilities
- $23,430,988
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
14 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Scottsdale captive insurance company was organized and shall be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of its supported organizations, scottsdale healthcare hospitals, by offering a program of self-insurance for scottsdale healthcare hospitals and its affiliates.
What it reported doing in 2011
Self-insurance program - to provide insurance to scottsdale healthcare hospitals, scottsdale healthcare corporation, and its related supported organizations.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 64
- Accountability: 35
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th 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: Limited
Accountability
- Independent voting board: 28.6%; rating input score 29; 6th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 39.4%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 5.54; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 10%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 16.5% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 14 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.3M in reported program spending
- Leadership: top reported pay $2.4M · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2009 to 2011
- Related organizations: 5 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.
- High — Accountability: Independent voting board scored 29/100.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.