The Latino Health Insurance Program Inc

Nonprofit profile at a glance

EIN
300614874
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Framingham, MA, USA
Phone
5088751237
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Reported finances

Revenue
$1,457,858
Expenses
$1,423,048
Assets
$1,925,625
Liabilities
$69,741

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

Leadership & pay

8 people listed

Executive titles in this filing

  • MILAGROS ABREU (PRESIDENT & CEO)

Highest reported compensation

  • IDRIS Z DAHOD (VACCINE COORD. & STAFF PEDIATRICIAN): $201,460 total reported compensation
  • HENRY LUBEGA (LEAD CLINICAL PROVIDER): $126,652 total reported compensation
  • MILAGROS ABREU (PRESIDENT & CEO): $118,336 total reported compensation

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

Overview

Mission

Increase access to medical care and food for minority residents, connect them to medical services (including primary care, specialty care, dental care), and help individuals to apply for snap, and to promote the most effective use of preventive services, including health screening, prenatal care, wellness visits, and health education, while reducing medical cost. The organization offers a community based, culturally-specific program for health insurance enrollment and maintenance to minority residents in ma.

What it reported doing in 2024

The agencys main program is: to connect clients to the appropriate healthcare services (including primary care, specialty care, dental care), and help individuals to apply for snap (food stamps) and wic. To promote a more effective use of preventive services (including health screenings, prenatal care, wellness visits, and health education) while reducing medical costs. To offer a community based, culturally specific program for health insurance enrollment and maintenance to minority residents in Massachusetts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 70
  • Accountability: 80
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.1%; rating input score 87
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $52.82 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.4%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 31.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 20.5% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 87.1% of revenue deployed · 88.9% of spending went to programs
  • Governance: 5 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $201K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 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.

Key Signals

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

  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.