Special Needs Plan Alliance INC

Washington, DC · Business league / trade association · Health Care

! Not tax-deductible
Revenue
$1.9M
-0.5% vs prior year
Spent
$2.0M
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▼ -0.5%
Revenue by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.5M
FY2023$1.9M
FY2024$1.9M
Expenses
$2.0M
FY2024▲ +9%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.3M
FY2023$1.8M
FY2024$2.0M
Net assets
$1.5M
FY2024▼ -5%
Net assets by fiscal year
FY2020$919K
FY2021$1.3M
FY2022$1.5M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSpecial Needs Plan Alliance INC
EINHdr · item D81-4850675
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFJun 2017
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFHealth Care (E01)
WebsiteHdr · item Jwww.snpalliance.org

Financial health

Is it on solid ground?

Operating surplus
-7%
revenue over expenses▼ -344% vs prior filing year
Earned revenue
98%
of revenue from program services & dues▲ +1.0% vs prior filing year
Payroll share
49%
of spending is salaries & benefits▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.7M
FY2024▼ -4%
Total assets by fiscal year
FY2020$921K
FY2021$1.3M
FY2022$1.5M
FY2023$1.8M
FY2024$1.7M
Total liabilities
$219K
FY2024▲ +4%
Total liabilities by fiscal year
FY2020$3K
FY2021$8K
FY2022$10K
FY2023$210K
FY2024$219K
Revenue less expensesPt I · Ln 19−$126K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.7M
Total liabilitiesLn 26$219K
Total net assetsLn 32$1.5M
Months of cash on handcomputed6.9

Statement of Revenue

Part VIII
Program service revenue$1.9M · 98%
Investment income$34K · 2%
Program service revenue98%$1.9M
Investment income2%$34K
Total revenueLn 12$1.9M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $2.0M
9.3 months
Where the money goes
Program services
Program services — · Total expenses $2.0M
—
Management & General
Management & general — · Total expenses $2.0M
—
Fundraising
Fundraising — · Total expenses $2.0M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.9M
0%
Government reliance
Government grants — · Total revenue $1.9M
—
Earned-income share
Program service revenue $1.9M · Total revenue $1.9M
98%
Investment reliance
Investment income $34K · Total revenue $1.9M
+2%
Program self-sufficiency
Program service revenue $1.9M · Total expenses $2.0M
92%
Growth & trend
Revenue growth (YoY)
This year $1.9M · Prior year $1.9M
-0.5%
Revenue CAGR
FY2020 $1.4M · FY2024 $1.9M
+7%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.9M · Expenses $2.0M
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.7M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $408K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
24%
People & payroll
Highest Reported Total Compensation
Individual Michael Cheek · Reported title PRESIDENT AND CEO · Highest reported compensation $399K · Total expenses $2.0M
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $986K · Total expenses $2.0M
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -0.5%——
Investment management fee ratio 0.1%——
Legal fee ratio 10%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$399,406Pt VII · Sec A
Assoc Director of Policy
$163,064Pt VII · Sec A
Director of Operations
$133,323Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member as of March
$0Pt VII · Sec A

Michael Cheek’s $399K as President and CEO is at the 94th percentile of top reported officer pay among 3128 $1–10M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Cheek$399,406$245,658———
Cheryl Phillips MD—$232,834$345,582$339,840$313,840
Regan Hunt$163,064————
Victoria King$133,323$105,965———

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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Governance & Policies

Part VI
  • 19Voting board membersPt VI · Ln 1a
  • 19Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for better payment and health policies for high-risk care.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Fall leadership meeting and spring meeting members-only round table - the alliance hosts two 1.5 day meetings per year. The spring meeting is for members only and focuses primarily on SNP policies and rule-making.

Pt IX · col B
02

Legal, Policy and Program Consulting

The alliance meets regularly with CMS on specific regulatory issues. The alliance reviews all proposed rules and guidance, and prepares summaries for members and comment letters to agencies. The alliance also occasionally uses its legal consultant to interpret some of the legal constraints to regulatory authority in its comment letters.

Pt IX · col B
03

Lobbying

The alliance works on initiatives to advance risk-adjusted payments for high-risk populations, MEDICARE/MEDICAID integration, and to improve performance measurement to reflect populations.

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $1.9M$2.0M-0.5% 990 PDF
FY2023 $1.9M$1.8M+27% 990 PDF
FY2022 $1.5M$1.3M+0.9% 990 PDF
FY2021 $1.5M$1.1M+3% 990 PDF
FY2020 $1.4M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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