Stateswork Inc
Nonprofit profile at a glance
- EIN
- 872435143
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Washington, DC, USA
- Phone
- 2027935598
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and Public Policy Analysis
Reported finances
- Revenue
- $78,000
- Expenses
- $130,847
- Assets
- $64,004
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RANDOLPH PATE (President)
People named in this filing
- RANDOLPH PATE (President)
- BRETT KIRKMAN (Director)
- JAMES MOORE (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
StatesWorks three-fold mission is to: 1) Support states in fulfilling their constitutional roles across the full range of issues affecting Americans health, safety, welfare, and quality of life; 2) Provide a collaborative space and idea incubator for state leaders pursuing healthcare transformation aimed at increasing private sector competition, reducing costs, and promoting access to quality healthcare; and 3) Assist states in efforts to improve effective use of taxpayer resources devoted to programs of shared responsibility between the state and federal governments.
What it reported doing in 2024
The primary program service of StatesWork Inc. is to provide expert analysis and strategic updates to stakeholders on federal and state developments related to state-based health insurance platforms. The organization's accomplishments in this area include: Monitoring and Reporting: Provided sponsors and stakeholders with monthly and periodic "big-picture" updates on the environment for State-based Marketplaces (SBMs) and state-operated insurance platforms. Delivered comprehensive assessments of federal flexibilities and waiver options available to states pursuing health reform initiatives.Strategic Analysis: Delivered progress reports and analysis focused on "priority states" most likely to pursue the creation of SBMs, tracking relevant state developments, regulatory changes, and shifts in the market. Advised multiple states on legislation and implementation strategies for State-Based Health Insurance Exchanges under the Affordable Care Act, providing technical expertise on operational requirements and best practices.Policy Education and Outreach: Educated stakeholders on related health policy opportunities, including the development of state-based Medicaid asset, income, and employment verification programs, as well as Medicaid "unwinding" support opportunities in various states. Conducted direct education of state policymakers and leaders, including legislators and executive branch staff, through one-on-one consultations and group briefings on state-level health reform efforts. Presented before policymakers, advisory groups, and stakeholder organizations regarding federal flexibilities and waiver options available for state innovation.Advisory Services: Provided strategic counsel to states on key initiatives to promote private health insurance coverage options, including the implementation of Individual Coverage Health Reimbursement Arrangements (ICHRAs) and other coverage expansion strategies designed to increase access to affordable health insurance.Stakeholder Communication: Maintained regular communication with sponsor project leads and distributed a bi-monthly newsletter to keep stakeholders informed of StatesWork activities and the policy environment.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.5%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -67.8%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 112% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -57.7% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 32.8% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $125K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Sustainability: Operating margin scored 10/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.