Independence Care System Inc
76% goes to programs $0 to raise $100 Strong reserves
Independence Care System Inc is a 501(c)(3) organization based in New York, New York, registered in 1998, with $20,319,786 in FY2024 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
169 Madison Ave Ste 15744, New York, NY, 10016 EIN 13-3964284 Since 1998
Revenue (FY2024)
$20.3M
▲ 50.1% vs prior year
Health median: $840K
Expenses (FY2024)
$15.3M
Net assets
$10.8M
Employees
125
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating76% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Independence Care System Inc: 76% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Independence Care System Inc: 8 mo reserves · +25% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Independence Care System Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Independence Care System Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve the health of, and services for, disabled people requiring long term home care.
Contact & location
- Address
- 169 Madison Ave Ste 15744, New York, NY, 10016
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $266.9M (FY2013) to $20.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.1MNet assets $10.8M
Operating margin
24.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.9M
Total liabilities
$2.1M
Net assets
$10.8M
Salaries & benefits
$12.3M
81% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $20,319,786▲50.1% | $15,282,134▲2.7% | $10,779,877▲87.4% | $12,859,631▲3.9% | 990 |
| 2023 | $13,540,682▼3.6% | $14,875,810▼3.3% | $5,751,605▼16.4% | $12,382,855▼12.1% | 990 |
| 2022 | $14,053,133▼24.2% | $15,383,843▼1.2% | $6,883,286▼23.4% | $14,082,337▲32.2% | 990 |
| 2021 | $18,543,015▲16.4% | $15,574,541▼0.7% | $8,982,401▲34.7% | $10,653,055▼44.5% | 990 |
| 2020 | $15,933,144▲52.8% | $15,683,957▲20.6% | $6,670,184▲144% | $19,186,856▲251% | 990 |
| 2019 | $10,424,062▼97.6% | $13,008,923▼97.4% | -$15,217,611▲88.2% | $5,464,015▼83.6% | 990 |
| 2018 | $437,036,759▼5.7% | $505,186,525▲3.4% | -$129,258,705▼112% | $33,309,364▼35.7% | 990 |
| 2017 | $463,381,857▲8.8% | $488,798,001▲6.5% | -$61,108,939▼71.2% | $51,768,293▼32.2% | 990 |
| 2016 | $425,854,504▲8.5% | $458,868,688▲16.2% | -$35,692,795▼1233% | $76,310,366▼2.2% | 990 |
| 2015 | $392,395,613▲20.3% | $394,941,356▲16.2% | -$2,678,611▼1916% | $78,027,693▼18.9% | 990 |
| 2014 | $326,222,144▲22.2% | $339,816,053▲27.8% | -$132,868▼101% | $96,211,834▲23.6% | 990 |
| 2013 | $266,912,517 | $265,892,386▲78.3% | $13,461,041▲8.2% | $77,842,205▲48.7% | 990 |
| 2012 | — | $149,156,824▲47.5% | $12,440,910▼4.9% | $52,343,799▲33.5% | 990 |
| 2011 | — | $101,097,500▲13.6% | $13,085,170▲28.5% | $39,214,875▲24.2% | 990 |
| 2010 | — | $89,009,911 | $10,180,882 | $31,565,374 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Regina Estela — $298,548 (1.95% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Regina Estela | Ceo/president | 35 | $298,548 |
| Rachael Stacom | Svp, Clinic Prog & Population Health | 35 | $247,909 |
| Kerri O'neill | Chief Financial Officer | 35 | $247,104 |
| Harry K Bonsu | Svp, Administrative & Member Services | 35 | $228,047 |
| Donna Loonie | Svp, Communications & Marketing | 35 | $216,418 |
| Catherine H Barufaldi | Svp, Human Resources | 35 | $193,004 |
| Megan Rogers | Vp, Operations & Information Systems | 35 | $173,160 |
| Rick Surpin | Board Member | 1 | $24,000 |
| Adria Powell | Board Member | 1 | — |
| Anne Elizabeth Straub | Board Member | 1 | — |
| Bill Guerci | Board Member | 1 | — |
| Carla Boutin- Foster | Board Member | 1 | — |
| Chris Duff | Board Member | 1 | — |
| Donna Galeno | Board Member | 1 | — |
| Gerry Dickerson | Board Member | 1 | — |
| Gregory Nersessian | Board Member | 1 | — |
| Janine Knudsen | Board Member | 1 | — |
| Jeffrey M Krauss | Chairperson | 1 | — |
| Jose Hernandez | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Supersum Solutions Inc | It Consulting | $259,125 |
Grants received · $465K total
1 grant to Independence Care System Inc totaling $465K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Affinity Health Plan Inc | Community grant program | 2023 | $465,000 |
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Frequently asked questions
- Is Independence Care System Inc a legitimate nonprofit?
- Yes. Independence Care System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3964284, based in New York, New York. Donations are tax-deductible.
- What is Independence Care System Inc's EIN?
- Independence Care System Inc's Employer Identification Number (EIN) is 13-3964284.
- How much revenue does Independence Care System Inc report?
- Independence Care System Inc reported $20,319,786 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Independence Care System Inc's spending goes to programs?
- Independence Care System Inc spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Independence Care System Inc have?
- CharityIndex grades Independence Care System Inc A, based on program efficiency and fundraising cost.
- How much does Independence Care System Inc's highest-paid employee make?
- The highest reported compensation on Independence Care System Inc's latest Form 990 is $298,548, paid to Regina Estela (Ceo/president).
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Data for Independence Care System Inc (EIN 13-3964284) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.