Overview
What is Snapcap Inc?
Snapcap Inc, a New York-based nonprofit organization, is dedicated to enhancing the health and well-being of vulnerable individuals in the Western New York region. Primarily, they focus on improving public awareness and access to high-quality, effective safety-net healthcare services for those in need. Snapcap Inc serves as a membership organization, with most hospitals and outpatient treatment centers in the area as members. They promote health by educating their members on ways to improve their services, such as sharing knowledge, best practices, and ideas for enhancement. In 2018, they formed an Independent Practice Association (IPA) to strengthen clinical integration, manage populations, and secure value-based payment contracts. Their collaborative efforts aim to improve healthcare delivery and outcomes for disadvantaged patients. They are headquartered at 3297 Bailey Ave, Buffalo, NY, 14215.
Official website here: www.snapcapwny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Stars
Snapcap Inc has received a Three-Star rating from Charity Navigator, signifying a strong performance in accountability and finance. With a score of 85%, the organization demonstrates a solid commitment to financial transparency and governance practices, reflecting positively on its operational integrity. The evaluation is based entirely on the Accountability & Finance beacon, highlighting its emphasis on responsible management of resources.
The organization excels in several areas, including having a fully independent board, which received top scores for board independence and size. It has also shown responsible financial practices, such as having no material diversions of assets and a favorable liabilities-to-assets ratio of 0.00%. These factors contribute to Snapcap Inc's positive financial health and effective use of donor funds.
However, there are areas for improvement, such as the absence of a whistleblower policy and document retention guidelines, which could enhance their governance framework. Despite these limitations, the organization maintains a robust program expense ratio of 67.29%, indicating a significant portion of funds allocated directly to its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Snapcap Inc legitimate?
Snapcap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snapcap Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $116,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,732
For more financial information, click here
Official website here: www.snapcapwny.org
What is the mission statement of Snapcap Inc?
Snapcap Inc, as a not-for-profit organization, aims to enhance the health and well-being of disadvantaged individuals by increasing public awareness and facilitating access to high-quality, effective safety-net healthcare services. The organization serves as a membership body, primarily comprising hospitals and outpatient treatment centers that cater to low-income populations in Western New York State. Snapcap Inc achieves its mission by educating its member organizations, sharing knowledge, best practices, and innovative ideas to help improve the services they offer to the underprivileged. By doing so, the organization strives to positively impact the health of vulnerable populations.
Official website here: www.snapcapwny.org
Who is the CEO of Snapcap Inc?
Bobbie Hangen is the Chair of Snapcap Inc.
Official website here: www.snapcapwny.org
What is the revenue of Snapcap Inc?
Snapcap Inc's revenue in 2022 was $578,500.
Official website here: www.snapcapwny.org
Who are the executives of Snapcap Inc and what are their salaries?
The average compensation at Snapcap Inc during 2022 was $120,092. There are 2 employees at Snapcap Inc.
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- Compensation: $97,778
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- Other: $18,674
Official website here: www.snapcapwny.org
Where can I find the form 990 for Snapcap Inc?
Snapcap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snapcapwny.org
Learn more at the official website: www.snapcapwny.org
Mission Statement of Snapcap Inc
Snapcap Inc, a New York-based not-for-profit organization, is dedicated to promoting the health and well-being of underprivileged individuals. Its mission is twofold: to enhance public awareness and facilitate improved access to high-quality, effective safety-net health care services for those in need. Snapcap achieves this by serving as a membership organization, bringing together most of the hospitals and outpatient treatment centers that cater to the poor and needy in Western New York State.
The organization's primary method of promoting health for the disadvantaged is by educating its member institutions. Snapcap shares knowledge, best practices, and innovative ideas to help these organizations improve their services aimed at the poor and needy. By doing so, Snapcap aims to make a significant impact on the quality of health care services available to this vulnerable population. This educational approach empowers its member organizations to deliver more effective and efficient care, ultimately improving the overall health and well-being of those in need.
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Impact
July, 2024
Snapcap Inc's impact can be seen in its dedication to promoting the health and well-being of needy individuals in Western New York State. Through its membership organization, Snapcap works with hospitals and outpatient treatment centers serving the poor and needy to improve access to high-quality safety-net health care services. By sharing knowledge, best practices, and ideas for service enhancements, Snapcap helps its members enhance their services for the benefit of those in need.
One notable initiative by Snapcap was the formation of an Independent Practice Association (IPA) in 2018. This IPA facilitated deeper clinical integration among members, enabling joint capacity for managing populations and performance, and securing value-based payment contracts. The goal was to improve health outcomes for patients, align community health improvement efforts, and highlight the vital role of primary care in the healthcare system.
Additionally, Snapcap members worked collaboratively with local and state agencies to address healthcare delivery challenges and enhance the healthcare safety net. By fostering discussions, addressing regulatory complexities, and supporting increased access to innovative care for individuals living in poverty, Snapcap has made a meaningful impact on healthcare delivery to vulnerable populations in the region.
This information is meant to be a general summary of Snapcap Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $521,500
- Gross Receipts: $578,500
Assets and Liabilities:
- Total Assets: $317,306
- Total Liabilities: $0
- Net Assets: $317,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEE INCOME
Revenue
$521,500
Organization Details
Founding Year
2014
Phone
(716) 844-0510Principal Officer
Bobbie Hangen
Main Address
3297 BAILEY AVE, BUFFALO, NY, 14215
Website
www.snapcapwny.orgNTEE Category
Code: E60 - Health
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