Civic Intelligence

Center for Improving Value in Health Care

990 • Fiscal year 2024 • EIN 27-2884568

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 21, 2024

4500 Cherry Creek S Dr Suite 350Denver, CO 80246

(720) 583-2128

Siviq Scores

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

Liabilities / Assets

67th percentile

0.35x

Higher debt load relative to assets than 67% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.28x

Higher debt load relative to revenue than 55% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

61st percentile

9.6%

Higher net margin than 61% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$336,146

Higher top officer pay than 82% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

42nd percentile

2.8%

Faster asset growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.0%

Faster revenue growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,404,719

Up $229,589 (+2.8%) from 2023

Net Assets

Up

$5,469,894

Up $1,140,481 (+26%) from 2023

Liabilities

Down

$2,934,825

Down $910,892 (-24%) from 2023

Revenue

Up

$10,475,904

Up $688,859 (+7.0%) from 2023

Expenses

Up

$9,471,526

Up $1,294,883 (+16%) from 2023

Net Income

Down

$1,004,378

Down $606,024 (-38%) from 2023

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2015: $3,056,820Liabilities 2015: $946,381Net Assets 2015: $2,110,4392015Assets 2016: $2,922,303Liabilities 2016: $551,192Net Assets 2016: $2,371,1112016Assets 2017: $3,955,510Liabilities 2017: $1,351,823Net Assets 2017: $2,603,6872017Assets 2019: $3,712,007Liabilities 2019: $2,209,023Net Assets 2019: $1,502,9842019Assets 2020: $5,046,167Liabilities 2020: $3,021,414Net Assets 2020: $2,024,7532020Assets 2021: $5,205,406Liabilities 2021: $2,780,308Net Assets 2021: $2,425,0982021Assets 2022: $5,434,732Liabilities 2022: $2,756,321Net Assets 2022: $2,678,4112022Assets 2023: $8,175,130Liabilities 2023: $3,845,717Net Assets 2023: $4,329,4132023Assets 2024: $8,404,719Liabilities 2024: $2,934,825Net Assets 2024: $5,469,8942024Assets 2025: $8,140,392Liabilities 2025: $2,342,835Net Assets 2025: $5,797,5572025

Highlighted filing

2024

Assets$8,404,719
Liabilities$2,934,825
Net Assets$5,469,894

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,340,736Expenses 2015: $3,866,626Net Income 2015: $474,1102015Revenue 2016: $4,981,498Expenses 2016: $4,720,826Net Income 2016: $260,6722016Revenue 2017: $5,346,184Expenses 2017: $5,113,608Net Income 2017: $232,5762017Revenue 2019: $4,494,713Expenses 2019: $5,378,001Net Income 2019: -$883,2882019Revenue 2020: $6,515,626Expenses 2020: $5,993,857Net Income 2020: $521,7692020Revenue 2021: $6,343,698Expenses 2021: $5,948,424Net Income 2021: $395,2742021Revenue 2022: $7,883,219Expenses 2022: $7,362,945Net Income 2022: $520,2742022Revenue 2023: $9,787,045Expenses 2023: $8,176,643Net Income 2023: $1,610,4022023Revenue 2024: $10,475,904Expenses 2024: $9,471,526Net Income 2024: $1,004,3782024Revenue 2025: $10,314,367Expenses 2025: $10,049,597Net Income 2025: $264,7702025

Highlighted filing

2024

Revenue$10,475,904
Expenses$9,471,526
Net Income$1,004,378
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 21, 2024
Return Version
2023v5.0
Gross Receipts
$10,475,904
Mission and Program Overview

Mission

See Schedule O.CIVHC's mission is to cultivate and advance strategic initiatives that improve the health of Coloradans, contain costs and ensure maximum value for health care received. By adhering to our mission, we will achieve our vision; that by 2020, Colorado is leveraging data and analytics to lead the nation in realizing the Triple Aim.

To equip partners and communities in colorado and across the nation with the resources, services and unbiased data needed to improve health and health care. We help communities, organizations and individuals identify opportunities to develop and advance innovative approaches to improve health and health care. Our work is grounded in the communities we serve. We build collaborative relationships and focus on addressing the needs of our partners. Service: our work is grounded in the communities we serve. We build collaborative relationships and focus on addressing the needs of our staff and our partners. Stewardship: we are conscientious stewards of the colorado all payer claims database. Through data expertise and partnership, we ensure exceptional data quality and create innovative health care analytics resulting in actionable, data-driven insights. Integrity: we are objective, solution-oriented, and maintain the highest integrity in the work we do. We aim to be a trusted, credible, re

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,308,054$2,490,602▲ $182,548
Pledges and Grants Receivable$2,515,476$1,881,519▼ $633,957
Savings and Temporary Cash Investments$1,037,619$1,647,128▲ $609,509
Accounts Receivable$332,528$488,747▲ $156,219
Cash and Non-Interest-Bearing Accounts$425,000$425,000→ $0
Prepaid Expenses and Deferred Charges$296,113$400,198▲ $104,085
Land, Buildings, and Equipment, Net$37,451$13,406▼ $24,045
Total Assets$8,175,130$8,404,719▲ $229,589
Other Assets Total$1,222,889$1,058,119▼ $164,770
Liabilities
Other Liabilities$3,053,827$2,098,537▼ $955,290
Accounts Payable and Accrued Expenses$763,998$832,788▲ $68,790
Deferred Revenue$27,892$3,500▼ $24,392
Total Liabilities$3,845,717$2,934,825▼ $910,892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,329,413$5,469,894▲ $1,140,481
Total Net Assets Fund Balance$4,329,413$5,469,894▲ $1,140,481
Total Liabilities and Net Assets / Fund Balance$8,175,130$8,404,719▲ $229,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,557$2,249,903$2,254,460
Leasehold Improvements$8,849$19,091$27,940
Other Assets Org$1,058,119--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristin PaulsonCEOFT$276,668$59,478$336,146
Paul MccormickVP of Data OFT$163,676$19,595$183,271
Paul MccormickVP of Data Operation-$148,832$34,439$183,271
Cari FrankVP of CommunFT$157,717$20,259$177,976
Cari FrankVP of Communication-$142,062$35,914$177,976
Peter SheehanVP CssiFT$159,751$17,516$177,267
Everett CostaSr Health DaFT$142,880$7,560$150,440
Everett CostaSr Health Data Solut-$120,008$30,432$150,440
Dustin MoyerDirector State IFT$132,992$15,038$148,030
Twanisha ParnellCfao in Oct-FT$35,518$3,151$38,669

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Human Services Research InstituteIt Services2336 MASSACHUSETTS AVE, Cambridge, MA 02140$1,354,096
Milliman Solutions LLCSoftware1301 FIFTH AVE SUITE 3800, Seattle, WA 98101$217,875
Revenue and Support

Revenue Composition

Contributions and Grants
$9,202,094
Program Service Revenue
$1,209,412
Investment Income
$62,914
Other Revenue
$1,484
All Other Contributions
$857,520
Change in Net Assets
$1,004,378

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,475,904
Revenue Not Reported on Form 990
$136,103
Total Revenue per Audited Statements
$10,612,007
Total Revenue per Form 990
$10,475,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,301,944
Other Expenses$3,169,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,524,248$218,960-$4,743,208
Information Technology$2,321,108$24,887-$2,345,995
Other Employee Benefits$675,777$23,454-$699,231
Current Officers, Directors, Trustees, and Key Employees$441,493$23,236-$464,729
Payroll Taxes$376,376$18,400-$394,776
Occupancy$269,491$15,063-$284,554
Fees for Services Other$107,197$8,866-$116,063
Fees for Services Accounting-$103,431-$103,431
Travel$41,085$34,036-$75,121
Insurance$27,296$1,350-$28,646
Depreciation Depletion$15,833$8,212-$24,045
Fees for Services Legal-$19,287-$19,287
Interest$15,808$782-$16,590
Other Expenses$1,043$15,243-$16,286
Fees for Service Investment Mgmnt Fees-$15,568-$15,568
Conferences and Meetings$2,598$9,521-$12,119
Fees for Services Lobbying$4,490--$4,490
Advertising$2,299$1,933-$4,232
Total Functional Expenses$8,833,851$637,675$0$9,471,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,471,526
Total Expenses per Audited Statements$9,471,526
Total Expenses per Form 990$9,471,526
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,098,537
Refundable Advance$1,000,000
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 35% controlled entity
No
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
Yes
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

The form 990 is sent to the audit and finance committee for review. That committee votes to recommend the form 990 to the board for approval and the board reviews and approves the form 990 prior to it being filed with the irs.

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

The conflict-of-interest policy is given to the board and staff on an annual basis. Board and staff members are required to list potential conflicts and sign to indicate that they will comply with the policy. Board members may cite a potential conflict of interest during any discussion and the other board members present must decide whether to require a recusal from that discussion and/or vote. Staff must report any potential conflicts to a supervisor so that the supervisor can address the conflict as appropriate.

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

The executive committee designates a sub-committee called the compensation committee to decide compensation for the ceo and to develop and monitor ceo performance goals with associated bonus incentives. This is an annual process.

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

The ceo determines the salary levels for officers and other employees based on a combination of informal surveys with similar organizations, compensation information disclosed in the 990's of similar organizations, and through independent compensations consultants. This is done on an annual basis.

Form 990, Page 6, Part VI, Line 18

Civhc makes its form 990 and form 1023 available to the public through its website and upon request.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Center for Improving Value in
EIN
27-2884568
Phone
7205832128
Address
4500 CHERRY CREEK S DR SUITE 350, DENVER, CO 80246
Doing Business As
Civhc

Signing Officer

Name
Kristin Paulson
Title
CEO
Phone
7205832128
Signed
2024-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Paulson
Formed
2010
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
53
Volunteers
119

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Kristin Calder
Phone
3035345953
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To equip partners and communities in colorado and across the nation with the resources, services and unbiased data needed to improve health and health care. We help communities, organizations and individuals identify opportunities to develop and advance innovative approaches to improve health and health care. Our work is grounded in the communities we serve. We build collaborative relationships and focus on addressing the needs of our partners. Service: our work is grounded in the communities we serve. We build collaborative relationships and focus on addressing the needs of our staff and our partners. Stewardship: we are conscientious stewards of the colorado all payer claims database. Through data expertise and partnership, we ensure exceptional data quality and create innovative health care analytics resulting in actionable, data-driven insights. Integrity: we are objective, solution-oriented, and maintain the highest integrity in the work we do. We aim to be a trusted, credible, resource and partner, and we hold ourselves accountable to deliver transparent, high- quality services. Equity: equity and inclusivity are core to our work. We provide insights to advance health equity and strive to create an environment where all voices are represented, heard and respected.

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

Colorado all payer claims database in 2010, the executive director of the colorado department of health care policy and financing (hcpf) appointed civhc the administrator of the co apcd. The co apcd is a state-legislated, secure health care claims database compliant with all federal privacy laws. The complexity and scale of the database continually grows with between millions of claims submitted by payers each month, reflecting over 5 million lives and nearly 1 billion claims. It is the only claims repository in the state that represents the vast majority of insured lives in colorado, with over ten years of data from commercial health insurance payers, medicaid, and medicare. Analysis of these claims provide valuable insights on ways to improve the health of coloradans, make care more accessible and affordable, and improve the quality of the care being delivered. Civhc makes this information available publicly via civhc.org, and non-publicly via a data release process to multiple change agents including consumers, providers, employers, payers, researchers, state agencies, non-profits and others working to improve health and health care, and lower costs for colorado residents. Public data releases increasing access to transparent health care data for all stakeholders is fundamental to the legislative vision behind the co apcd, civhcs mission, and colorados ability to make informed decisions that benefit the state. Public data analyses and interactive tools available on civhc.org are key methods civhc uses to enhance transparency in the health care marketplace. These resources allow consumers and other stakeholders to access data on health care utilization, costs, and outcomes, fostering informed decision- making at all levels of the health care system. Non-public data releases in addition to providing public information, civhc offers custom data sets and reports to state agencies, organizations, and researchers aiming to advance health care quality and reduce costs. Each data release must demonstrably benefit colorado, in alignment with co apcd regulations. Non- public data releases are used by a variety of stakeholders to perform targeted analyses that support efforts to enhance health care delivery, improve health outcomes, and address disparities.

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

Research, partnerships, and innovation the research, partnership, and innovation (rpi) department is focused on providing research support, program evaluation, community engagement, and collaboration to address the needs of low-income, bipoc, and marginalized or underserved communities. The rpi team conducts in-depth evaluations of health care programs, offering critical insights into their effectiveness and areas for improvement. These services help inform decision-making for partners, driving innovation and enhancing the quality of care in colorado. Additionally, the rpi team community oversees initiatives related to advance care planning, such as promoting the use of the medical orders for scope of treatment (most) form, which allows individuals to document their preferences for life-sustaining treatments. This initiative is part of a broader effort to support patient-centered care and ensure that individual health care preferences are respected across all settings.

Form 990, Page 12, Part XII, Line 2C

Civhc's finance and audit committee assumes the responsibility for oversight of the audit of its financial statements and the selection of the independent accountant. This process has not changed from the prior year.

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IRS990/ActivityOrMissionDesc0TO EQUIP PARTNERS AND COMMUNITIES IN COLORADO AND ACROSS THE NATION WITH THE RESOURCES, SERVICES AND UNBIASED DATA NEEDED TO IMPROVE HEALTH AND HEALTH CARE. WE HELP COMMUNITIES, ORGANIZATIONS AND INDIVIDUALS IDENTIFY OPPORTUNITIES TO DEVELOP AND ADVANCE INNOVATIVE APPROACHES TO IMPROVE HEALTH AND HEALTH CARE. OUR WORK IS GROUNDED IN THE COMMUNITIES WE SERVE. WE BUILD COLLABORATIVE RELATIONSHIPS AND FOCUS ON ADDRESSING THE NEEDS OF OUR PARTNERS. SERVICE: OUR WORK IS GROUNDED IN THE COMMUNITIES WE SERVE. WE BUILD COLLABORATIVE RELATIONSHIPS AND FOCUS ON ADDRESSING THE NEEDS OF OUR STAFF AND OUR PARTNERS. STEWARDSHIP: WE ARE CONSCIENTIOUS STEWARDS OF THE COLORADO ALL PAYER CLAIMS DATABASE. THROUGH DATA EXPERTISE AND PARTNERSHIP, WE ENSURE EXCEPTIONAL DATA QUALITY AND CREATE INNOVATIVE HEALTH CARE ANALYTICS RESULTING IN ACTIONABLE, DATA-DRIVEN INSIGHTS. INTEGRITY: WE ARE OBJECTIVE, SOLUTION-ORIENTED, AND MAINTAIN THE HIGHEST INTEGRITY IN THE WORK WE DO. WE AIM TO BE A TRUSTED, CREDIBLE, RE
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IRS990/Desc0COLORADO ALL PAYER CLAIMS DATABASE IN 2010, THE EXECUTIVE DIRECTOR OF THE COLORADO DEPARTMENT OF HEALTH CARE POLICY AND FINANCING (HCPF) APPOINTED CIVHC THE ADMINISTRATOR OF THE CO APCD. THE CO APCD IS A STATE-LEGISLATED, SECURE HEALTH CARE CLAIMS DATABASE COMPLIANT WITH ALL FEDERAL PRIVACY LAWS. THE COMPLEXITY AND SCALE OF THE DATABASE CONTINUALLY GROWS WITH BETWEEN MILLIONS OF CLAIMS SUBMITTED BY PAYERS EACH MONTH, REFLECTING OVER 5 MILLION LIVES AND NEARLY 1 BILLION CLAIMS. IT IS THE ONLY CLAIMS REPOSITORY IN THE STATE THAT REPRESENTS THE VAST MAJORITY OF INSURED LIVES IN COLORADO, WITH OVER TEN YEARS OF DATA FROM COMMERCIAL HEALTH INSURANCE PAYERS, MEDICAID, AND MEDICARE. ANALYSIS OF THESE CLAIMS PROVIDE VALUABLE INSIGHTS ON WAYS TO IMPROVE THE HEALTH OF COLORADANS, MAKE CARE MORE ACCESSIBLE AND AFFORDABLE, AND IMPROVE THE QUALITY OF THE CARE BEING DELIVERED. CIVHC MAKES THIS INFORMATION AVAILABLE PUBLICLY VIA CIVHC.ORG, AND NON-PUBLICLY VIA A DATA RELEASE PROCESS TO MULTIPLE CHANGE AGENTS INCLUDING CONSUMERS, PROVIDERS, EMPLOYERS, PAYERS, RESEARCHERS, STATE AGENCIES, NON-PROFITS AND OTHERS WORKING TO IMPROVE HEALTH AND HEALTH CARE, AND LOWER COSTS FOR COLORADO RESIDENTS. PUBLIC DATA RELEASES INCREASING ACCESS TO TRANSPARENT HEALTH CARE DATA FOR ALL STAKEHOLDERS IS FUNDAMENTAL TO THE LEGISLATIVE VISION BEHIND THE CO APCD, CIVHCS MISSION, AND COLORADOS ABILITY TO MAKE INFORMED DECISIONS THAT BENEFIT THE STATE. PUBLIC DATA ANALYSES AND INTERACTIVE TOOLS AVAILABLE ON CIVHC.ORG ARE KEY METHODS CIVHC USES TO ENHANCE TRANSPARENCY IN THE HEALTH CARE MARKETPLACE. THESE RESOURCES ALLOW CONSUMERS AND OTHER STAKEHOLDERS TO ACCESS DATA ON HEALTH CARE UTILIZATION, COSTS, AND OUTCOMES, FOSTERING INFORMED DECISION- MAKING AT ALL LEVELS OF THE HEALTH CARE SYSTEM. NON-PUBLIC DATA RELEASES IN ADDITION TO PROVIDING PUBLIC INFORMATION, CIVHC OFFERS CUSTOM DATA SETS AND REPORTS TO STATE AGENCIES, ORGANIZATIONS, AND RESEARCHERS AIMING TO ADVANCE HEALTH CARE QUALITY AND REDUCE COSTS. EACH DATA RELEASE MUST DEMONSTRABLY BENEFIT COLORADO, IN ALIGNMENT WITH CO APCD REGULATIONS. NON- PUBLIC DATA RELEASES ARE USED BY A VARIETY OF STAKEHOLDERS TO PERFORM TARGETED ANALYSES THAT SUPPORT EFFORTS TO ENHANCE HEALTH CARE DELIVERY, IMPROVE HEALTH OUTCOMES, AND ADDRESS DISPARITIES.
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