Civic Intelligence

Vermont Information Technology Leaders Inc.

990 • Fiscal year 2014 • EIN 20-3131747

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 20, 2015

144 Main Street Suite 105602

(802) 223-4100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.69x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.22x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

24th percentile

-4.4%

Higher net margin than 24% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$214,910

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$2,074,644

Down $256,009 (-11%) from 2013

Net Assets

Down

$637,518

Down $289,920 (-31%) from 2013

Liabilities

Up

$1,437,126

Up $33,911 (+2.4%) from 2013

Revenue

$6,624,140

No earlier filing loaded for comparison.

Expenses

Up

$6,914,060

Up $1,401,765 (+25%) from 2013

Net Income

-$289,920

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,357,514Liabilities 2011: $781,781Net Assets 2011: $575,7332011Assets 2012: $1,280,017Liabilities 2012: $677,354Net Assets 2012: $602,6632012Assets 2013: $2,330,653Liabilities 2013: $1,403,215Net Assets 2013: $927,4382013Assets 2014: $2,074,644Liabilities 2014: $1,437,126Net Assets 2014: $637,5182014Assets 2015: $2,708,238Liabilities 2015: $1,746,880Net Assets 2015: $961,3582015Assets 2016: $2,355,435Liabilities 2016: $1,183,654Net Assets 2016: $1,171,7812016Assets 2017: $2,239,465Liabilities 2017: $676,067Net Assets 2017: $1,563,3982017Assets 2018: $3,092,310Liabilities 2018: $512,313Net Assets 2018: $2,579,9972018Assets 2019: $4,025,469Liabilities 2019: $505,690Net Assets 2019: $3,519,7792019Assets 2020: $4,714,535Liabilities 2020: $476,286Net Assets 2020: $4,238,2492020Assets 2021: $6,806,547Liabilities 2021: $1,833,925Net Assets 2021: $4,972,6222021Assets 2022: $8,229,765Liabilities 2022: $2,591,286Net Assets 2022: $5,638,4792022Assets 2023: $10,390,648Liabilities 2023: $4,202,203Net Assets 2023: $6,188,4452023Assets 2024: $9,387,244Liabilities 2024: $2,752,618Net Assets 2024: $6,634,6262024Assets 2025: $9,450,268Liabilities 2025: $2,168,580Net Assets 2025: $7,281,6882025

Highlighted filing

2014

Assets$2,074,644
Liabilities$1,437,126
Net Assets$637,518

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,162,2082011Expenses 2012: $6,397,9312012Expenses 2013: $5,512,2952013Revenue 2014: $6,624,140Expenses 2014: $6,914,060Net Income 2014: -$289,9202014Revenue 2015: $7,615,872Expenses 2015: $7,292,032Net Income 2015: $323,8402015Revenue 2016: $7,174,211Expenses 2016: $6,765,525Net Income 2016: $408,6862016Revenue 2017: $7,134,562Expenses 2017: $6,907,457Net Income 2017: $227,1052017Revenue 2018: $6,517,997Expenses 2018: $5,501,398Net Income 2018: $1,016,5992018Revenue 2019: $6,063,272Expenses 2019: $5,123,490Net Income 2019: $939,7822019Revenue 2020: $6,867,717Expenses 2020: $6,149,247Net Income 2020: $718,4702020Revenue 2021: $8,379,977Expenses 2021: $7,645,604Net Income 2021: $734,3732021Revenue 2022: $10,174,079Expenses 2022: $9,508,222Net Income 2022: $665,8572022Revenue 2023: $8,437,039Expenses 2023: $7,887,073Net Income 2023: $549,9662023Revenue 2024: $9,931,131Expenses 2024: $9,484,950Net Income 2024: $446,1812024Revenue 2025: $11,050,876Expenses 2025: $10,403,814Net Income 2025: $647,0622025

Highlighted filing

2014

Revenue$6,624,140
Expenses$6,914,060
Net Income-$289,920
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 20, 2015
Return Version
2013v4.0
Gross Receipts
$6,624,140
Mission and Program Overview

Mission

Vitl's mission is to securely aggregate, standardize, and share the data needed to improve the effectiveness of healthcare for vermonters. In service of this mission, vitl operates the vermont health information exchange, which enables the secure electronic sharing of health-related information across health care organizations in vermont.vitl's vision is to be a leader in collaboratively delivering actionable data that leads to better health.vitl's work includes delivering data not only to clinicians at the point of care, but also to health care organizations, payers and others engaged in reforming the delivery of health care in vermont.

Vitl's mission is to collaborate with all stakeholders to expand the use of secure health information technology to improve the quality & efficiency of vermont's health care system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,444,809$1,758,786▲ $313,977
Savings and Temporary Cash Investments$699,306$99,416▼ $599,890
Land, Buildings, and Equipment, Net$51,811$78,064▲ $26,253
Accounts Receivable$8,400$73,699▲ $65,299
Prepaid Expenses and Deferred Charges$37,891$54,872▲ $16,981
Cash and Non-Interest-Bearing Accounts$88,436$9,807▼ $78,629
Total Assets$2,330,653$2,074,644▼ $256,009
Liabilities
Deferred Revenue$740,550$818,920▲ $78,370
Accounts Payable and Accrued Expenses$662,665$618,206▼ $44,459
Total Liabilities$1,403,215$1,437,126▲ $33,911
Net Assets / Fund Balance
Unrestricted Net Assets$927,438$637,518▼ $289,920
Total Net Assets Fund Balance$927,438$637,518▼ $289,920
Total Liabilities and Net Assets / Fund Balance$2,330,653$2,074,644▼ $256,009

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,103$116,802$155,905
Leasehold Improvements$38,961$38,629$77,590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John EvansPresident &FT$212,582$2,328$214,910
John EvansPresident & CEO-$179,125$35,785$214,910
Samuel McdowellV.p. - OperaFT$117,572$30,950$148,522
Rebecca BowenV.p. - FinanFT$112,218$28,497$140,715
Michael GagnonChief Tech.FT$140,333-$140,333
Carol KulczykV.p. - ProgrFT$107,476$25,131$132,607
Robert GibsonV.p. - MarkeFT$11,394-$11,394

Board Members and Trustees

NameTitle
Paul HarringtonChair
Chuck PodestaVice-chair
Al GobeilleDirector
Andrea LottDirector
Anya WallackDirector
Bruce Bullock MdDirector
Chris PearsonDirector
Don GeorgeDirector
Gertrude M HodgeDirector
Greg PetersDirector
Robin LungeDirector
Ron KeenDirector
Tristan TolenoDirector
Judith FranzAsst. V.p. -
Bea GrauseSecretary
Amy PutnamTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Newgrange It Consulting LLCConsulting-$121,375
Revenue and Support

Revenue Composition

Contributions and Grants
$6,521,243
Program Service Revenue
$102,326
Investment Income
$571
Other Revenue
$0
Change in Net Assets
$-289,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,624,140
Total Revenue per Audited Statements
$6,624,140
Total Revenue per Form 990
$6,624,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,649,704
Other Expenses$3,264,356
Total Fundraising Expense$5,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,078,344$19,510$722$2,098,576
Other Salaries and Wages$1,775,945$262,994$2,589$2,041,528
Current Officers, Directors, Trustees, and Key Employees$643,222$275,666-$918,888
Other Employee Benefits$346,197$62,907$444$409,548
Office Expenses$290,419$108,923$322$399,664
Payroll Taxes$172,924$37,156$192$210,272
Advertising$119,519$26,907$133$146,559
Occupancy$118,195$26,609$131$144,935
Travel$103,995$9,114$115$113,224
Insurance$84,663$19,060$94$103,817
Fees for Services Legal$75,105$21,073$105$96,283
Pension Plan Contributions$63,161$6,199$108$69,468
Conferences and Meetings$43,717$3,831$49$47,597
Depreciation Depletion$22,886$5,185$25$28,096
Fees for Services Accounting-$20,500-$20,500
Other Expenses$16,129$3,631$18$19,778
Fees for Services Lobbying$18,500--$18,500
Total Functional Expenses$5,982,585$926,417$5,058$6,914,060

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,914,060
Total Expenses per Audited Statements$6,914,060
Total Expenses per Form 990$6,914,060
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed and approved by the finance committee prior to filing. The approved 990 is provided to the board as an information item prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members and all employees sign a conflict of interest disclosure document annually. Board responses are reviewed by the ceo, staff responses are reviewed by the cfo, and any indicated conflicts are investigated and resolved.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board acts as the compensation committee. The executive committee consists of the board chair, vice-chair, secretary and treasurer. They conduct the annual evaluation of and determine compensation for the organization's top official, reporting these to the board as information items.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
20-3131747
Phone
8022234100

Signing Officer

Name
Nancy Rowden Brock
Title
Vice President - Finance
Phone
8022234100
Signed
2015-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Evans
Formed
2005
Legal Domicile
Vt
Voting Board Members
15
Independent Board Members
15
Employees
40
Volunteers
15

Preparer

Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Department of vermont health access (dvha) operating grant (03410-256-14): using a variety of funds from the state health information technology fund and federal matching programs, this grant funded primary operations of vitl to expand, manage, maintain and operate the vermont health information exchange (vhie). U.s. Department of human services (arra-93.718) and dvha (03410-257-14) regional extension center (rec) grants: using funds from the state health information technology fund to match funding from the office of the national coordinator of health it (onc) to fund vitl to provide regional extension center services to preferred primary care providers. The charge was to provide direct assistance and support to vermont primary care providers to achieve meaningful use, to expand the use of secure health information technology, and to improve the quality and efficiency of vermont's health care system by ensuring that all providers are able to successfully participate in the state's delivery system transformation.

Form 990, Part IX, Line 11G

Payroll processing fees 0 5,479 0 consultants/subcontractors 758,336 14,031 722 implementation expenses 1,320,008 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Desc0PURSUANT TO 18 V.S.A. 9352(C) VERMONT INFORMATION TECHNOLOGY LEADERS (VITL) IS DESIGNATED TO OPERATE THE EXCLUSIVE HEALTH INFORMATION EXCHANGE FOR THE STATE OF VERMONT. ANNUALLY, VERMONT INFORMATION TECHNOLOGY LEADERS ENTERS INTO GRANT AGREEMENTS AND CONTRACTS WITH THE STATE AND OTHER ENTITIES TO ADVANCE ITS WORK. DURING THE YEAR ENDED JUNE 30, 2014, VITL RECEIVED FUNDS, AND CONDUCTED THE WORK DESCRIBED GENERALLY BELOW: DESCRIPTION OF 1ST EXEMPT PURPOSE ACCOMPLISHMENT CONTINUED ON FORM 990, SCHEDULE O. DEPARTMENT OF VERMONT HEALTH ACCESS (DVHA) OPERATING GRANT (03410-256-14): USING A VARIETY OF FUNDS FROM THE STATE HEALTH INFORMATION TECHNOLOGY FUND AND FEDERAL MATCHING PROGRAMS, THIS GRANT FUNDED PRIMARY OPERATIONS OF VITL TO EXPAND, MANAGE, MAINTAIN AND OPERATE THE VERMONT HEALTH INFORMATION EXCHANGE (VHIE). U.S. DEPARTMENT OF HUMAN SERVICES (ARRA-93.718) AND DVHA (03410-257-14) REGIONAL EXTENSION CENTER (REC) GRANTS: USING FUNDS FROM THE STATE HEALTH INFORMATION TECHNOLOGY FUND TO MATCH FUNDING FROM THE OFFICE OF THE NATIONAL COORDINATOR OF HEALTH IT (ONC) TO FUND VITL TO PROVIDE REGIONAL EXTENSION CENTER SERVICES TO PREFERRED PRIMARY CARE PROVIDERS. THE CHARGE WAS TO PROVIDE DIRECT ASSISTANCE AND SUPPORT TO VERMONT PRIMARY CARE PROVIDERS TO ACHIEVE MEANINGFUL USE, TO EXPAND THE USE OF SECURE HEALTH INFORMATION TECHNOLOGY, AND TO IMPROVE THE QUALITY AND EFFICIENCY OF VERMONT'S HEALTH CARE SYSTEM BY ENSURING THAT ALL PROVIDERS ARE ABLE TO SUCCESSFULLY PARTICIPATE IN THE STATE'S DELIVERY SYSTEM TRANSFORMATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF TECH.
IRS990/Form990PartVIISectionAGrp/TitleTxt17V.P. - OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt18V.P. - FINAN
IRS990/Form990PartVIISectionAGrp/TitleTxt19V.P. - PROGR
IRS990/Form990PartVIISectionAGrp/TitleTxt20V.P. - MARKE
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASST. V.P. -
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03627721
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0274

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.45$2.17$7.28$11.1$10.4$0.65
2024Detailed filing. Detailed filing data is available for this year.$9.39$2.75$6.63$9.93$9.48$0.45
2023Detailed filing. Detailed filing data is available for this year.$10.4$4.20$6.19$8.44$7.89$0.55
2022Detailed filing. Detailed filing data is available for this year.$8.23$2.59$5.64$10.2$9.51$0.67
2021Detailed filing. Detailed filing data is available for this year.$6.81$1.83$4.97$8.38$7.65$0.73
2020Detailed filing. Detailed filing data is available for this year.$4.71$0.48$4.24$6.87$6.15$0.72
2019Detailed filing. Detailed filing data is available for this year.$4.03$0.51$3.52$6.06$5.12$0.94
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.51$2.58$6.52$5.50$1.02
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.68$1.56$7.13$6.91$0.23
2016Detailed filing. Detailed filing data is available for this year.$2.36$1.18$1.17$7.17$6.77$0.41
2015Detailed filing. Detailed filing data is available for this year.$2.71$1.75$0.96$7.62$7.29$0.32
2014Detailed filing. Detailed filing data is available for this year.$2.07$1.44$0.64$6.62$6.91$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$1.40$0.93$5.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.68$0.60$6.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.78$0.58$4.16