Taconic Health Information Network and Community Inc

Nonprofit profile at a glance

EIN
205296714
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Fishkill, NY, USA
Phone
8458964726
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$4,087,290
Expenses
$5,172,834
Assets
$2,308,471
Liabilities
$305,281

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

21 people listed

Highest reported compensation

  • SUSAN STUARD (EXECUTIVE DI): $171,254 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Thinc is a not-for-profit organization dedicated to improving the quality, safety and efficiency of health care for the benefit of the people of the hudson valley region. Thinc develops programs that support care coordination, value-base purchasing, and adoption of health information technology.

What it reported doing in 2014

The primary purpose of thinc, inc. Is to advance health care quality and coordination of care among the health care organizations. Thinc seeks to achieve this purpose through the sponsorship of: - health care transformation initiatives - health information technology adoption, particularly sponsorship of a secure health information exchange (hie) network - activities that enable population health improvement activities

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.9%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -26.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: -21.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -10.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -32.9% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.9% of spending went to programs
  • Governance: 20 of 20 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.1M in reported program spending
  • Leadership: top reported pay $171K · 21 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $2.1M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Growth: Asset growth scored 0/100.