Snapcap INC EIN 47-1945269 Form 990 (PDF) Claim this org

Snapcap INC FY2022 filing

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Improves healthcare access and quality for needy individuals through member hospital education. For fiscal year 2022 it reported $578K in revenue, $295K in expenses, and $317K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Buffalo, NY
Website
www.snapcapwny.org
Filings
5 on file (2020–2022)
Revenue
$578KFY2022
Expenses
$295K
Net assets
$317K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1945269 Public charity (501(c)(3)) Buffalo, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves healthcare access and quality for needy individuals through member hospital education.
Leadership
Bobbie Hangen · Executive Director · $98K
Money in and out
$578K revenue, $295K expenses
Bottom line
68% program efficiency
Where the money goes · FY2022
Total revenue
$578K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $283K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+49%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$578K
FY2022▲ +84%
Expenses
$295K
FY2022▼ -12%
Total assets
$317K
FY2022▲ +825%
Total liabilities
$0
FY2022
Total revenue
$578K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$283K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $201K of program spending, described in the organization's own filed words · FY2022.
01

Snapcap members continued their work together to strengthen the primary care "safety net", the part of the healthcare system which serves the most vulnerable residents in the western new york region.

$201Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSnapcap INC
EINHdr · item D47-1945269
Principal addressHdr · item CBuffalo, NY
WebsiteHdr · item Jwww.snapcapwny.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E60)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$97,778Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberlee Hoyt-Folaron’s $73K as Executive Director is at the 58th percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brett Lawton$51,081$157,375
Bobbie Hangen$56,349$101,789$97,778$88,145
Kimberlee Hoyt-Folaron$73,254

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$522K · 90%
Contributions & grants$57K · 10%
Program service revenue90%$522K
Contributions & grants10%$57K
Total revenueLn 12$578K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$201K
Management & general32%$94K
Total functional expensesLn 25$295K

Balance Sheet

Part X · end of year
CashLn 1$317K
Total assetsLn 16$317K
Total liabilitiesLn 26$0
Total net assetsLn 32$317K
Months of cash on handcomputed12.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $317K · Operating expenses/yr $295K
12.9 months
Where the money goes
Program services
Program services $201K · Total expenses $295K
68%
Management & General
Management & general $94K · Total expenses $295K
32%
Fundraising
Fundraising $0 · Total expenses $295K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $161K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $578K
10%
Government reliance
Government grants — · Total revenue $578K
Earned-income share
Program service revenue $522K · Total revenue $578K
90%
Investment reliance
Investment income $0 · Total revenue $578K
0%
Program self-sufficiency
Program service revenue $522K · Total expenses $295K
176%
Growth & trend
Revenue growth (YoY)
This year $578K · Prior year $314K
+84%
Net-asset trend (YoY)
End of year $317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $578K · Expenses $295K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $317K
Net-asset ratio
Net assets $317K · Total assets $317K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $317K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bobbie Hangen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $98K · Total expenses $295K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $240K · Total expenses $295K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 84%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 2 funders$75K
Grants paid · 10 grants · $25K · 2020–2020
The Resource CenterFY2020$2,500
Evergreen Health ServicesFY2020$2,500
Neighborhood Health CenterFY2020$2,500
Jericho Road Community Health CenterFY2020$2,500
Aspire of WnyFY2020$2,500
People INC Elmwood Health CenterFY2020$2,500
Universal Primary CareFY2020$2,500
The Chautaqua CenterFY2020$2,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$500K revenue · ⤓ 990 PDF
FY2023$325K revenue · ⤓ 990 PDF
FY2022$578K revenue · viewing · ⤓ 990 PDF
FY2021$314K revenue · ⤓ 990 PDF
FY2020$383K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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