Snapcap Inc

Nonprofit profile at a glance

EIN
471945269
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Buffalo, NY, USA
Phone
7168440510
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$499,623
Expenses
$577,961
Assets
$295,963
Liabilities
$30,757

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

Leadership & pay

15 people listed

Executive titles in this filing

  • BOBBIE HANGEN (EXECUTIVE DIRECTOR)
  • KIMBERLEE HOYT-FOLARON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KIMBERLEE HOYT-FOLARON (EXECUTIVE DIRECTOR): $73,254 total reported compensation
  • BOBBIE HANGEN (EXECUTIVE DIRECTOR): $56,349 total reported compensation

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

Overview

Mission

Snapcap, inc. ("snapcap") is a New York not-for-profit corporation formed to promote the health and well-being of needy persons by improvement in public awareness and access to high-quality effective safety-net health care services for persons in need of such services. Snapcap is a membership organization whose members are most of the hospitals and outpatient treatment centers that serve poor and needy persons in western New York state. Snapcap promotes the health of the poor and needy by educating its member organizations in ways to help them improve their services to the poor and needy, such as by sharing knowledge, best practices, and ideas for improvement of those services.

What it reported doing in 2024

Snapcap members continued their work together to strengthen the primary care "safety net", the part of the healthcare system which serves the most vulnerable residents in the western New York region. Leadership from each snapcap member organization met on a monthly basis to discuss current issues and opportunities for improvement pertaining to healthcare delivery to patients and community members in need. These monthly forums were integral to illuminate issues in the complex regulatory world and dispel any confusion, and to improve healthcare safety net performance in general. Snapcap members worked together to support increased access to higher-quality, more state-of-the-art care for patients living in poverty. Additionally, snapcap members worked in close partnership with local and state-level agencies to better align community health improvement efforts and spotlight the important impact of primary care in healthcare system.in 2018, the snapcap member organization formed an independent practice association (ipa) to provide a corporate and governance structure for deeper clinical integration and to develop joint capacity for managing populations and performance and secure value-based payment contracts, consistent with the goal of the New York state medicaid delivery system reform incentive payment (dsrip) program. The snapcap ipa helps members work together to change care at the point at which it is delivered in order to achieve better health outcomes for patients.

Operating model

Revenue model
Earned-program. 99% 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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.8%; rating input score 74
  • Program expense ratio: 63.8%; rating input score 64
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.7%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 22.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 10.7% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 73.8% of revenue deployed · 63.8% of spending went to programs
  • Governance: 13 of 13 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $369K in reported program spending
  • Leadership: top reported pay $73K · 15 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.