SNAPCAP INC

EIN: 471945269 501(c)(3) Health Care

BUFFALO, NY

Total Revenue
$499,623
Total Expenses
$577,961
Total Assets
$295,963
Net Assets
$265,206
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
KIMBERLEE HOYT-FOLARAN
Phone
7168440510
Tax Period
2024-01-01 to 2024-12-31

SNAPCAP INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $500K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $578K exceeded revenue, resulting in a 16% operating deficit.

Mission

SNAPCAP, INC. ("SNAPCAP") IS A NEW YORK NOT-FOR-PROFIT CORPORATION FORMED TO PROMOTE THE HEALTH AND WELL-BEING OF NEEDY PERSONS BY IMPROVEMENT IN PUBLIC AWARENESS OF AND ACCESS TO HIGH-QUALITY EFFECTIVE SAFETY-NET HEALTH CARE SERVICES FOR PERSONS IN NEED OF SUCH SERVICES. SNAPCAP IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS ARE MOST OF THE HOSPITALS AND OUTPATIENT TREATMENT CENTERS THAT SERVE POOR AND NEEDY PERSONS IN WESTERN NEW YORK STATE. SNAPCAP PROMOTES THE HEALTH OF THE POOR AND NEEDY BY EDUCATING ITS MEMBER ORGANIZATIONS IN WAYS TO HELP THEM IMPROVE THEIR SERVICES TO THE POOR AND NEEDY, SUCH AS BY SHARING KNOWLEDGE, BEST PRACTICES, AND IDEAS FOR IMPROVEMENT OF THOSE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $497,123
Investment Income $0
Other Revenue $0
TOTAL REVENUE $499,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $358,298
Fundraising Expenses $0
Program Expenses $368,580
Other Expenses $219,663
TOTAL EXPENSES $577,961

Year-over-Year Comparison

2024 2023 Change
Revenue $499,623 $324,971 +0.5%
Expenses $577,961 $298,733 +0.9%
Net Income $-78,338 $26,238 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$129,603
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL PEASE CHAIR 5.00
Officer Director
$0 $0 $0
RAYMOND GANOE VICE CHAIR 5.00
Officer Director
$0 $0 $0
JOANNE HAEFNER TREASURER 5.00
Officer Director
$0 $0 $0
KAREN STONE MEMBER 5.00
Director
$0 $0 $0
ALLANA KROLIKOWSKI MEMBER 5.00
Director
$0 $0 $0
KAREN KINTER MEMBER 5.00
Director
$0 $0 $0
CHRIS SPICER MEMBER 5.00
Director
$0 $0 $0
BRETT LAWTON MEMBER 5.00
Director
$0 $0 $0
LINDSAY VANEVELDE MEMBER 5.00
Director
$0 $0 $0
CJ URLAUB MEMBER 5.00
Director
$0 $0 $0
MICHAEL MINEO MEMBER 5.00
Director
$0 $0 $0
CASSIE DAVIS MEMBER 5.00
Director
$0 $0 $0
SHELIA KEE MEMBER 5.00
Director
$0 $0 $0
BOBBIE HANGEN EXECUTIVE DIRECTOR 15.00
Officer
$56,349 $0 $56,349
KIMBERLEE HOYT-FOLARON EXECUTIVE DIRECTOR 10.00
Officer
$73,254 $0 $73,254
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $499,623 $577,961 $295,963 $-78,338
2023 $324,971 $298,733 $351,950 $26,238
2022 $578,500 $295,496 $317,306 $283,004
2021 $314,000 $337,398 $34,302 $-23,398
2020 $383,291 $499,896 $57,700 $-116,605
2019 $200,000 $184,869 $174,305 $15,131
2018 $257,750 $203,843 $196,674 $53,907
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