The Fedcap Group

Legal name: The Fedcap Group Inc

Nonprofit profile at a glance

EIN
830765672
IRS 990 coverage
2020–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-N 2019
Location
New York, NY, US
Phone
212-727-4200
Rating
51
Verdict
MIXED
Rating confidence
Standard
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$33,667,901
Expenses
$32,126,700
Assets
$46,686,784
Liabilities
$46,936,413

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

Leadership & pay

18 people listed

Executive titles in this filing

  • CHRISTINE MCMAHON (PRESIDENT & CEO OF FEDCAP)
  • STEVEN COONS (PRESIDENT, FEDCAP REHABILI)
  • MARTIN HANNA (SENIOR VICE PRESIDENT)
  • HESTER MUIS (SENIOR VICE PRESIDENT)
  • JAMES DUNN (VICE PRESIDENT)
  • PAUL COURVILLE (VICE PRESIDENT INFORMATION SYSTEMS)

Highest reported compensation

  • CHRISTINE MCMAHON (PRESIDENT & CEO OF FEDCAP): $894,189 total reported compensation
  • ANDREW RASIEJ (DEPARTMENT OFFICER): $499,358 total reported compensation
  • JAMES MALATRAS (CHIEF STRATEGY OFF. & VP EDUC.): $451,011 total reported compensation

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

Overview

Mission

The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development—and works in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered.

What it reported doing in 2024

The fedcap group supports health and economic well-being through programs that improve access to healthcare, strengthen communities, and create pathways to economic opportunity. Health-focused initiatives include care coordination, health education, access to treatment, and other services intended to improve outcomes and reduce barriers to healthy living. Economic development activities promote job creation, community revitalization, social enterprise, workforce investment, and other strategies designed to strengthen local economies and expand opportunities for underserved populations. Through these integrated efforts, the fedcap group seeks to improve quality of life, advance economic mobility, and build stronger and more resilient communities.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 3
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.1%; rating input score 3
  • Program expense ratio: 3.4%; rating input score 3
  • Fundraising efficiency: $1.17 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 4.6%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 1.45; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 1.01; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 13.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 50.4% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 45.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 58.7% per year; rating input score 100; 99th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 4 operating locations identified
  • Where the money goes: 3.1% of revenue deployed · 3.4% of spending went to programs
  • Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $894K · 18 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $364K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 35 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 — Financial Efficiency: Mission deployment rate scored 3/100.
  • High — Financial Efficiency: Program expense ratio scored 3/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.