The TRECS Institute
Nonprofit profile at a glance
- EIN
- 760752190
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Upper Black Eddy, PA, USA
- Phone
- 4845576980
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $165,706
- Expenses
- $154,052
- Assets
- $11,918
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- John Whitman (Executive Dir.)
- Linda Whitman PhD (Director of Res)
- Bob Matlack (Secretary)
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
The TRECS Institute is dedicated to serving as a catalyst to bring about positive change in the care of our nation's seniors. Through operational research, TRECS seeks to find ways to improve care for seniors in any location while saving money for our health care system.
What it reported doing in 2024
The TRECS Institute conducted a detailed study on the ability of telehealth services, used in skilled nursing facilities, to reduce the number of unnecessary and avoidable nursing home to hospital admissions by replacing the current industry standard of using phone medicine to diagnose and create treatment plans for nursing facility residents who have a change in their medical condition. Phone medicine is obsolete because it fails to give a physician the level of detail needed to effectively differentiate those residents that truly need to be admitted to the hospital from those that can and should remain and be treated in the nursing facility. In addition, given the high number of law suits that originate in the long term care industry, physicians are appropriately worried about not admitting a resident if they can not, with certainty, rule out the potential for a major medical issue. Using phone medicine, physicians are most often unable to rule out those concerns so they admit their residents to the local hospital. Studies have shown that 40% to 60% of current hospital admissions of nursing facility residents, when viewed in retrospect, had no justifiable medical condition to warrant their admission. Telemedicine allows the physician to make a virtual bedside visit and conduct a detailed evaluation of the resident's condition and in many cases, clearly differentiate those residents that truly require acute care admission from those that can and should remain and be treated in the SNF. Savings available to Medicare by using telemedicine is over a billion dollars per year!
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.9%; rating input score 62
- Program expense ratio: 66.6%; rating input score 67
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: 7%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 11.7%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -9% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 61.9% of revenue deployed · 66.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $103K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2014 to 2024
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Sustainability: Operating margin scored 52/100.
- High — Sustainability: Officer compensation ratio scored 20/100.