BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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 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.
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...
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. LEADERSHIP FROM EACH SNAPCAP MEMBER ORGANIZATION MET ON A MONTHLY BASIS TO DISCUSS CURRENT ISSUES AND OPPORTUNITIES FOR IMPROVEMENT PERTAINING TO HEALTHCARE DELIVERY TO PATIENTS AND COMMUNITY MEMBERS IN NEED. THESE MONTHLY FORUMS WERE INTEGRAL TO ILLUMINATE ISSUES IN THE COMPLEX REGULATORY WORLD AND DISPEL ANY CONFUSION, AND TO IMPROVE HEALTHCARE SAFETY NET PERFORMANCE IN GENERAL. SNAPCAP MEMBERS WORKED TOGETHER TO SUPPORT INCREASED ACCESS TO HIGHER-QUALITY, MORE STATE-OF-THE-ART CARE FOR PATIENTS LIVING IN POVERTY. ADDITIONALLY, SNAPCAP MEMBERS WORKED IN CLOSE PARTNERSHIP WITH LOCAL AND STATE-LEVEL AGENCIES TO BETTER ALIGN COMMUNITY HEALTH IMPROVEMENT EFFORTS AND SPOTLIGHT THE IMPORTANT IMPACT OF PRIMARY CARE IN HEALTHCARE SYSTEM.IN 2018, THE SNAPCAP MEMBER ORGANIZATION FORMED AN INDEPENDENT PRACTICE ASSOCIATION (IPA) TO PROVIDE A CORPORATE AND GOVERNANCE STRUCTURE FOR DEEPER CLINICAL INTEGRATION AND TO DEVELOP JOINT CAPACITY FOR MANAGING POPULATIONS AND PERFORMANCE AND SECURE VALUE-BASED PAYMENT CONTRACTS, CONSISTENT WITH THE GOAL OF THE NEW YORK STATE MEDICAID DELIVERY SYSTEM REFORM INCENTIVE PAYMENT (DSRIP) PROGRAM. THE SNAPCAP IPA HELPS MEMBERS WORK TOGETHER TO CHANGE CARE AT THE POINT AT WHICH IT IS DELIVERED IN ORDER TO ACHIEVE BETTER HEALTH OUTCOMES FOR PATIENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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