The Scan Foundation
Nonprofit profile at a glance
- EIN
- 450552845
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Long Beach, CA, USA
- Phone
- 8885697226
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $13,891,911
- Expenses
- $16,975,383
- Assets
- $263,281,403
- Liabilities
- $4,262,592
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- MOHANTY SARITA A (CEO)
Highest reported compensation
- MOHANTY SARITA A (CEO): $810,400 total reported compensation
- HEAVENER ANIKA (VP, OPS & INVESTMENTS): $446,870 total reported compensation
- SABORIO RIGOBERTO J (VP PROG EQ & COMM IMPACT (END 12/31)): $381,931 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 scan foundation envisions a society where all of us can age well with purpose. We pursue this vision by igniting bold and equitable changes in how older adults age in both home and community.
What it reported doing in 2024
The scan foundation's (the foundation) strategic framework for 2023-2025, focuses on four strategic objectives, as follows:1. Models of care: evolve models of care & financing so that health and aging supports reflect needs and preferences.2. Data equity: drive representation in data collection & analysis across the health and social care ecosystem.3. Financial security: improve older adult financial stability through income generation, and debt and savings management.4. Health equity: reduce health disparities and improve the lives of all older adults.during 2024, the foundation focused on progress across each of the strategic objectives above. As in the past, the foundation's grant-making is primarily for the benefit of californians. However, since care for California seniors is largely financed by the federal government (through medicare and medicaid), the policy work of the foundation also has a federal focus.
Operating model
- Revenue model
- Investment-supported. 92% of the money available for current operations came from recurring investment income.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 81
- Accountability: 95
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 99.8%; rating input score 100; 36th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd 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: -22.2%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 15.51; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 20.3%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.2% of spending went to programs
- Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $13.1M in reported program spending
- Leadership: top reported pay $810K · 19 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 73 filed money-flow records
- Related organizations: 73 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.