Sostento Inc

Nonprofit profile at a glance

EIN
843739888
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Montclair, NJ, USA
Phone
2027164901
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$1,257,116
Expenses
$1,775,201
Assets
$125,581
Liabilities
$183,600

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

Leadership & pay

8 people listed

Executive titles in this filing

  • JOSEPH M AGOADA (Board President and Treasurer)

Highest reported compensation

  • JOSEPH M AGOADA (Board President and Treasurer): $136,957 total reported compensation
  • JENNIFER ESTEVEZ (COO): $131,647 total reported compensation
  • Kristyne Hong (DIRECTOR OF PROGRAMS): $114,667 total reported compensation

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

Overview

Mission

To meet the urgent needs of frontline health workers responding to public health emergencies and serving poor and marginalized patients. To provide digital tools and services that allow them to more efficiently and effectively serve their community and save lives. To share best practices among networks of organizations that employ frontline health workers, fundraise for their unmet needs and raise the visibility of their efforts.

What it reported doing in 2024

Health access program: health access program: a national program that removes barriers to healthcare for uninsured and low-income individuals in the united states by delivering solutions through their healthcare providers. The health access program provides solutions to healthcare workers at clinics serving uninsured and low-income populations. Program services include transportation, screening and assessment support, and connections to follow-up care. Support for healthcare workers includes technical training, implementation assistance, and data collection and reporting. The program consisted of the following initiatives: rides for health equity: to address transportation barriers for low-income patients, sostento enabled free and charitable clinics to order rides through the uber rideshare platform. In 2024, sostento provided 8,789 rides to 2,419 unique patients, 94% of whom lived below the poverty line. Behavioral and mental healthcare: to improve access for uninsured and low-income individuals, sostento completed an assessment, design, and solution development process resulting in a continuum of care model that integrates transportation, screenings, and connections to care. Pilots were developed with clinical partners in atlanta and chicago, and resources were mobilized for launch lanning in each city. Maternal and child healthcare: to support new and expectant mothers in the Mississippi delta at high risk of poor health outcomes, sostento participated in a cohort to develop solutions for regional care centers. Sostento led the development of the transportation and data collection components of the project.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 97% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 78
  • Accountability: 90
  • Sustainability: 5
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $50.57 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 54.3%; rating input score 54; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -41.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 1.46; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 23.9%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $137K · 8 people listed
  • Highest-paid contractors: 1 contractor listed · $102K reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Grant itemization coverage scored 54/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.