Civic Intelligence

Carebridge

990EZ • Fiscal year 2018 • EIN 45-4035065

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

1301 North Hagadorn RoadEast Lansing, MI 48823

(517) 336-1400

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

4.61x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-9109%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

3rd percentile

-85%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$55,632

Down $306,906 (-85%) from 2017

Net Assets

Down

$54,549

Down $21,405 (-28%) from 2017

Liabilities

Down

$1,083

Down $285,501 (-100%) from 2017

Revenue

Down

$235

Down $317,230 (-100%) from 2017

Expenses

Down

$21,640

Down $455,479 (-95%) from 2017

Net Income

Up

-$21,405

Up $138,249 (+87%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $994,700Liabilities 2012: $125,654Net Assets 2012: $869,0462012Assets 2013: $1,155,442Liabilities 2013: $462,136Net Assets 2013: $693,3062013Assets 2014: $1,084,804Liabilities 2014: $670,948Net Assets 2014: $413,8562014Assets 2015: $1,973,864Liabilities 2015: $1,518,701Net Assets 2015: $455,1632015Assets 2016: $1,406,550Liabilities 2016: $1,170,942Net Assets 2016: $235,6082016Assets 2017: $362,538Liabilities 2017: $286,584Net Assets 2017: $75,9542017Assets 2018: $55,632Liabilities 2018: $1,083Net Assets 2018: $54,5492018Assets 2019: $51,602Liabilities 2019: $148Net Assets 2019: $51,4542019Assets 2020: $49,589Liabilities 2020: $2912020Assets 2024: $184,535Liabilities 2024: $515Net Assets 2024: $184,0202024

Highlighted filing

2018

Assets$55,632
Liabilities$1,083
Net Assets$54,549

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,288,609Expenses 2012: $1,419,563Net Income 2012: $869,0462012Revenue 2013: $1,910,749Expenses 2013: $2,086,489Net Income 2013: -$175,7402013Revenue 2014: $1,768,074Expenses 2014: $2,047,524Net Income 2014: -$279,4502014Revenue 2015: $2,273,426Expenses 2015: $2,232,119Net Income 2015: $41,3072015Revenue 2016: $2,257,654Expenses 2016: $2,477,209Net Income 2016: -$219,5552016Revenue 2017: $317,465Expenses 2017: $477,119Net Income 2017: -$159,6542017Revenue 2018: $235Expenses 2018: $21,640Net Income 2018: -$21,4052018Revenue 2019: $55Expenses 2019: $3,150Net Income 2019: -$3,0952019Revenue 2020: $0Expenses 2020: $2,156Net Income 2020: -$2,1562020Revenue 2024: $160,000Expenses 2024: $19,499Net Income 2024: $140,5012024

Highlighted filing

2018

Revenue$235
Expenses$21,640
Net Income-$21,405
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$235
Mission and Program Overview

Mission

To improve the delivery of health care services in the state of michigan by supporting a governmental demonstration project and otherwise promoting the charitable provision of health care services in the state.

Program Services

DescriptionGrantsExpenses
CAREBRIDGE WAS FORMED IN ORDER TO PARTICIPATE IN THE MICHIGAN PRIMARY CARE TRANSFORMATION (MIPCT) PROJECT, WHICH IS A THREE-YEAR, MULTI-PAYER, STATE- WIDE PROJECT AIMED AT REFORMING PRIMARY CARE PAYMENT MODELS AND EXPANDING THE CAPABILITIES OF PATIENT-CENTERED MEDICAL HOMES (PCMH) THROUGHOUT THE STATE. THE SELECTION OF MICHIGAN AS ONE OF EIGHT STATES IN THE MULTI-PAYER ADVANCED PRIMARY CARE PRACTICE DEMONSTRATION (MAPCP), SPONSORED BY THE CENTERS FOR MEDICARE AND MEDICAID (CMS), WAS THE CATALYST FOR BRINGING TOGETHER MEDICARE, MICHIGAN MEDICAID HEALTH PLANS, BLUE CROSS BLUE SHIELD OF MICHIGAN AND BLUE CARE NETWORK TO IMPROVE UPON THE STRONG PCMH FOUNDATION IN THE STATE AND CREATE A UNIFORM, SUSTAINABLE PRIMARY CARE PLATFORM. SINCE THE MIPCT PROJECT CONCLUDED ON 12/31/16, THE FOCUS FOR 2018 IS TO RECEIVE AND DISTRIBUTE THE OUTSTANDING PAYMENTS OF THE PROJECT.-$7,134
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT JACKSON MDDirector-$0--
BENJAMIN LOUAGIEDirector-$0--
PAUL MACLELLANChair-$0--
WILLIAM FLEMINGDirector-$0--
GREGORY LAIDLAWExecutive Di-$0--
Filing and Contact Details

Filer

Filer Name
Carebridge
EIN
45-4035065
Phone
5173361400
Address
1301 NORTH HAGADORN ROAD, EAST LANSING, MI 48823

Signing Officer

Name
Benjamin Louagie
Title
Director
Phone
5173242527
Signed
2019-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
1601 MARQUETTE ST STE 4, BAY CITY, MI 48706-6392
Preparer
Laura M Ebel
Phone
9896674900
Supplemental Narrative

Additional Explanations

Form 990-ez

All lines left blank are not applicable to this organization.

Form 990-ez, Part I, Line 16

Expenses interest 941 miscellaneous expense 209 total 1,150

Form 990-ez, Part II, Line 24

Furniture & equipment 38,364 0 less accumulated depreciation 38,364 0 accrued revenue 255,167 0 total 255,167 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 138,425 1,083 unsecured notes and loans payable 148,159 0

Form 990-ez, Part III

To improve the delivery of health care services in the state of michigan by supporting a governmental demonstration project and otherwise promoting the charitable provision of health care services in the state.

Form 990-ez, Part III, Line 28

Carebridge was formed in order to participate in the michigan primary care transformation (mipct) project, which is a three-year, multi-payer, state- wide project aimed at reforming primary care payment models and expanding the capabilities of patient-centered medical homes (pcmh) throughout the state. The selection of michigan as one of eight states in the multi-payer advanced primary care practice demonstration (mapcp), sponsored by the centers for medicare and medicaid (cms), was the catalyst for bringing together medicare, michigan medicaid health plans, blue cross blue shield of michigan and blue care network to improve upon the strong pcmh foundation in the state and create a uniform, sustainable primary care platform. Since the mipct project concluded on 12/31/16, the focus for 2018 is to receive and distribute the outstanding payments of the project.

Form 990-ez, Part IV

The compensation for the executive director is paid by mag, the management company contracted to perform management services. This organization pays mag management fees for these services.

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INTEREST 941 MISCELLANEOUS EXPENSE 209 TOTAL 1,150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FURNITURE & EQUIPMENT 38,364 0 LESS ACCUMULATED DEPRECIATION 38,364 0 ACCRUED REVENUE 255,167 0 TOTAL 255,167 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 138,425 1,083 UNSECURED NOTES AND LOANS PAYABLE 148,159 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO IMPROVE THE DELIVERY OF HEALTH CARE SERVICES IN THE STATE OF MICHIGAN BY SUPPORTING A GOVERNMENTAL DEMONSTRATION PROJECT AND OTHERWISE PROMOTING THE CHARITABLE PROVISION OF HEALTH CARE SERVICES IN THE STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CAREBRIDGE WAS FORMED IN ORDER TO PARTICIPATE IN THE MICHIGAN PRIMARY CARE TRANSFORMATION (MIPCT) PROJECT, WHICH IS A THREE-YEAR, MULTI-PAYER, STATE- WIDE PROJECT AIMED AT REFORMING PRIMARY CARE PAYMENT MODELS AND EXPANDING THE CAPABILITIES OF PATIENT-CENTERED MEDICAL HOMES (PCMH) THROUGHOUT THE STATE. THE SELECTION OF MICHIGAN AS ONE OF EIGHT STATES IN THE MULTI-PAYER ADVANCED PRIMARY CARE PRACTICE DEMONSTRATION (MAPCP), SPONSORED BY THE CENTERS FOR MEDICARE AND MEDICAID (CMS), WAS THE CATALYST FOR BRINGING TOGETHER MEDICARE, MICHIGAN MEDICAID HEALTH PLANS, BLUE CROSS BLUE SHIELD OF MICHIGAN AND BLUE CARE NETWORK TO IMPROVE UPON THE STRONG PCMH FOUNDATION IN THE STATE AND CREATE A UNIFORM, SUSTAINABLE PRIMARY CARE PLATFORM. SINCE THE MIPCT PROJECT CONCLUDED ON 12/31/16, THE FOCUS FOR 2018 IS TO RECEIVE AND DISTRIBUTE THE OUTSTANDING PAYMENTS OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS PAID BY MAG, THE MANAGEMENT COMPANY CONTRACTED TO PERFORM MANAGEMENT SERVICES. THIS ORGANIZATION PAYS MAG MANAGEMENT FEES FOR THESE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART IV
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