Civic Intelligence

Coastal Connect Inc.

990 • Fiscal year 2019 • EIN 32-0304211

Oct 01, 2018 to Sep 30, 2019 • Filed on Dec 04, 2019

5305-m Wrightsville AvenueWilmington, NC 28403

(910) 452-8540

Siviq Scores

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

Liabilities / Assets

56th percentile

0.15x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • NTEE E • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

0.08x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • NTEE E • $1M-$5M nonprofits • Source year 2019

Net Margin

45th percentile

0.3%

Higher net margin than 45% of similar nonprofits.

2019 filings • NTEE E • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE E • $1M-$5M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.5%

Faster asset growth than 35% of similar nonprofits.

2019 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-5.0%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$926,554

Down $14,540 (-1.5%) from 2018

Net Assets

Up

$783,706

Up $6,515 (+0.8%) from 2018

Liabilities

Down

$142,848

Down $21,055 (-13%) from 2018

Revenue

Down

$1,877,459

Down $98,737 (-5.0%) from 2018

Expenses

Up

$1,870,944

Up $14,631 (+0.8%) from 2018

Net Income

Down

$6,515

Down $113,368 (-95%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $195,675Liabilities 2012: $13,926Net Assets 2012: $181,7492012Assets 2013: $360,770Liabilities 2013: $42,198Net Assets 2013: $318,5722013Assets 2014: $499,330Liabilities 2014: $45,461Net Assets 2014: $453,8692014Assets 2015: $569,647Liabilities 2015: $68,313Net Assets 2015: $501,3342015Assets 2016: $916,155Liabilities 2016: $328,561Net Assets 2016: $587,5942016Assets 2017: $979,897Liabilities 2017: $322,589Net Assets 2017: $657,3082017Assets 2018: $941,094Liabilities 2018: $163,903Net Assets 2018: $777,1912018Assets 2019: $926,554Liabilities 2019: $142,848Net Assets 2019: $783,7062019Assets 2020: $827,690Liabilities 2020: $100,177Net Assets 2020: $727,5132020Assets 2021: $885,265Liabilities 2021: $77,691Net Assets 2021: $807,5742021Assets 2022: $966,366Liabilities 2022: $127,442Net Assets 2022: $838,9242022Assets 2023: $219,208Liabilities 2023: $20,044Net Assets 2023: $199,1642023

Highlighted filing

2019

Assets$926,554
Liabilities$142,848
Net Assets$783,706

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $753,8422012Expenses 2013: $981,9532013Revenue 2014: $2,430,977Expenses 2014: $2,295,678Net Income 2014: $135,2992014Revenue 2015: $1,408,294Expenses 2015: $1,360,829Net Income 2015: $47,4652015Revenue 2016: $1,376,926Expenses 2016: $1,290,666Net Income 2016: $86,2602016Revenue 2017: $1,982,241Expenses 2017: $1,912,527Net Income 2017: $69,7142017Revenue 2018: $1,976,196Expenses 2018: $1,856,313Net Income 2018: $119,8832018Revenue 2019: $1,877,459Expenses 2019: $1,870,944Net Income 2019: $6,5152019Revenue 2020: $1,826,036Expenses 2020: $1,882,232Net Income 2020: -$56,1962020Revenue 2021: $1,787,494Expenses 2021: $1,707,433Net Income 2021: $80,0612021Revenue 2022: $1,778,794Expenses 2022: $1,747,444Net Income 2022: $31,3502022Revenue 2023: $221,592Expenses 2023: $861,352Net Income 2023: -$639,7602023

Highlighted filing

2019

Revenue$1,877,459
Expenses$1,870,944
Net Income$6,515
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Dec 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,877,459
Mission and Program Overview

Mission

To securely connect health care providers in and around southeastern north carolina by way of electronic medical information sharing and increase the efficiency of patient care along with the ability to diagnose and treat in a timely manner, decreasing the number of unnecessary tests and procedures and minimizing clincial errors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$857,816$883,560▲ $25,744
Accounts Receivable$71,243$34,400▼ $36,843
Prepaid Expenses and Deferred Charges$12,035$8,594▼ $3,441
Total Assets$941,094$926,554▼ $14,540
Liabilities
Deferred Revenue$95,739$80,839▼ $14,900
Accounts Payable and Accrued Expenses$68,164$62,009▼ $6,155
Total Liabilities$163,903$142,848▼ $21,055
Net Assets / Fund Balance
Unrestricted Net Assets$777,191$783,706▲ $6,515
Total Net Assets Fund Balance$777,191$783,706▲ $6,515
Total Liabilities and Net Assets / Fund Balance$941,094$926,554▼ $14,540
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff JamesChair
Dr Amy MessierVice Chair
Allen GrayDirector
Angela IvesDirector
Dr James McleodDirector
Joann AndersonDirector
Joe NorrisDirector
Josephine MalfitanoDirector
Lydia NewmanDirector
Tom SiemersDirector
Dr Bryan WeckelSecretary
Dr Joe PinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,855,141
Program Service Revenue
$14,500
Investment Income
$6,621
Other Revenue
$1,197
Change in Net Assets
$6,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,877,459
Total Revenue per Audited Statements
$1,877,459
Total Revenue per Form 990
$1,877,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,078,408
Salaries, Compensation, and Employee Benefits$792,536
Total Fundraising Expense$7,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$363,538$246,467$6,162$616,167
Other Employee Benefits$77,961$52,855$1,321$132,137
Fees for Services Management$60,531$6,726-$67,257
Occupancy$31,294$16,850-$48,144
Payroll Taxes$26,097$17,693$442$44,232
Fees for Services Other$7,638$7,639-$15,277
Travel$10,567$4,529-$15,096
Insurance$11,049--$11,049
Fees for Services Legal$4,793$4,793-$9,586
Office Expenses$7,613--$7,613
Advertising$3,401--$3,401
Other Expenses$2,829--$2,829
All Other Expenses$535--$535
Total Functional Expenses$1,505,467$357,552$7,925$1,870,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,870,944
Total Expenses per Audited Statements$1,870,944
Total Expenses per Form 990$1,870,944
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
No
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
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
No
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

Cpa prepared and reviewed with board of directors prior to filing.

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

Resolved at the time of conflict.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Form 990, Part VII

The ceo is paid through a management agreement with coastal carolinas health alliance which is included in the amounts on schedule r. See the coastal carolinas health alliance 990 for disclosure of the ceo compensation.

Filing and Contact Details

Filer

Filer Name
Coastal Connect Inc
EIN
32-0304211
Address
5305-M WRIGHTSVILLE AVENUE, WILMINGTON, NC 28403

Signing Officer

Name
Yvonne Hughes
Title
CEO
Phone
9103328013
Signed
2019-12-04

Organization Details

Principal Officer
Yvonne Hughes
Formed
2010
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Earney & Company Llp
Address
710 MILITARY CUTOFF RD STE 250, WILMINGTON, NC 28405-8364
Preparer
Ryan Skuce CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To securely connect health care providers in and around southeastern north carolina by way of electronic medical information sharing and increase the efficiency of patient care along with the ability to diagnose and treat in a timely manner, decreasing the number of unnecessary tests and procedures and minimizing clincial errors.

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IRS990/PYContributionsGrantsAmt01813839
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IRS990/PYInvestmentIncomeAmt02838
IRS990/PYOtherExpensesAmt01129918
IRS990/PYOtherRevenueAmt0431
IRS990/PYProgramServiceRevenueAmt0159088
IRS990/PYRevenuesLessExpensesAmt0119883
IRS990/PYSalariesCompEmpBnftPaidAmt0726395
IRS990/PYTotalExpensesAmt01856313
IRS990/PYTotalRevenueAmt01976196
IRS990/ReconcilationRevenueExpnssAmt06515
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014500
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01521681
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01202738
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01157057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07550456
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0184675
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt07550456
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01855141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01813839
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01521681
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01202738
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01157057
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07550456
IRS990ScheduleA/TotalSupportAmt07550456
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01870944
IRS990ScheduleD/RevenueSubtotalAmt01877459
IRS990ScheduleD/TotalExpensesPerForm990Amt01870944
IRS990ScheduleD/TotalRevenuePerForm990Amt01877459
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01877459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01870944
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SECURELY CONNECT HEALTH CARE PROVIDERS IN AND AROUND SOUTHEASTERN NORTH CAROLINA BY WAY OF ELECTRONIC MEDICAL INFORMATION SHARING AND INCREASE THE EFFICIENCY OF PATIENT CARE ALONG WITH THE ABILITY TO DIAGNOSE AND TREAT IN A TIMELY MANNER, DECREASING THE NUMBER OF UNNECESSARY TESTS AND PROCEDURES AND MINIMIZING CLINCIAL ERRORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CPA PREPARED AND REVIEWED WITH BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RESOLVED AT THE TIME OF CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO IS PAID THROUGH A MANAGEMENT AGREEMENT WITH COASTAL CAROLINAS HEALTH ALLIANCE WHICH IS INCLUDED IN THE AMOUNTS ON SCHEDULE R. SEE THE COASTAL CAROLINAS HEALTH ALLIANCE 990 FOR DISCLOSURE OF THE CEO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COASTAL CAROLINAS HEALTH ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561831571
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05305-M WRIGHTSVILLE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WILMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1792536
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt267257
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COASTAL CAROLINAS HEALTH ALLIANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1COASTAL CAROLINAS HEALTH ALLIANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2COASTAL CAROLINAS HEALTH ALLIANCE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2M
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0941094
IRS990/TotalAssetsEOYAmt0926554
IRS990/TotalAssetsGrp/BOYAmt0941094
IRS990/TotalAssetsGrp/EOYAmt0926554
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01855141
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07925
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0357552
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01505467
IRS990/TotalFunctionalExpensesGrp/TotalAmt01870944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163903
IRS990/TotalLiabilitiesEOYAmt0142848
IRS990/TotalLiabilitiesGrp/BOYAmt0163903
IRS990/TotalLiabilitiesGrp/EOYAmt0142848
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IRS990/TotalProgramServiceExpensesAmt01505467
IRS990/TotalProgramServiceRevenueAmt014500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01877459
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0941094
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0926554
IRS990/TravelGrp/ManagementAndGeneralAmt04529
IRS990/TravelGrp/ProgramServicesAmt010567
IRS990/TravelGrp/TotalAmt015096
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0777191
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0783706
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05305-M WRIGHTSVILLE AVENUE
IRS990/USAddress/CityNm0WILMINGTON

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