Civic Intelligence

Healthtree Foundation Inc.

990 • Fiscal year 2021 • EIN 45-5354811

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

2600 West Executive Pkwy Suite 380Lehi, UT 84043

(800) 709-1113

Siviq Scores

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

Liabilities / Assets

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

85th percentile

45%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

17%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,314,648

Up $1,032,937 (+45%) from 2020

Net Assets

Up

$2,574,289

Up $526,129 (+26%) from 2020

Liabilities

Up

$740,359

Up $506,808 (+217%) from 2020

Revenue

Up

$4,932,729

Up $723,042 (+17%) from 2020

Expenses

Up

$4,400,338

Up $1,084,360 (+33%) from 2020

Net Income

Down

$532,391

Down $361,318 (-40%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1Liabilities 2012: $842012Assets 2013: $162Liabilities 2013: $6,1822013Assets 2014: $37,072Liabilities 2014: $12,342Net Assets 2014: $24,7302014Assets 2015: $126,372Liabilities 2015: $10,112Net Assets 2015: $116,2602015Assets 2016: $220,966Liabilities 2016: $23,267Net Assets 2016: $197,6992016Assets 2017: $674,440Liabilities 2017: $7,918Net Assets 2017: $666,5222017Assets 2018: $326,963Liabilities 2018: $15,221Net Assets 2018: $311,7422018Assets 2019: $952,796Liabilities 2019: $10,782Net Assets 2019: $942,0142019Assets 2020: $2,281,711Liabilities 2020: $233,551Net Assets 2020: $2,048,1602020Assets 2021: $3,314,648Liabilities 2021: $740,359Net Assets 2021: $2,574,2892021Assets 2022: $2,176,791Liabilities 2022: $126,486Net Assets 2022: $2,050,3052022Assets 2023: $1,955,234Liabilities 2023: $73,426Net Assets 2023: $1,881,8082023Assets 2024: $2,868,358Liabilities 2024: $788,592Net Assets 2024: $2,079,7662024

Highlighted filing

2021

Assets$3,314,648
Liabilities$740,359
Net Assets$2,574,289

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $41,100Expenses 2012: $41,184Net Income 2012: -$842012Revenue 2013: $56,060Expenses 2013: $61,996Net Income 2013: -$5,9362013Revenue 2014: $94,697Expenses 2014: $63,947Net Income 2014: $30,7502014Revenue 2015: $218,127Expenses 2015: $126,597Net Income 2015: $91,5302015Revenue 2016: $635,842Expenses 2016: $554,403Net Income 2016: $81,4392016Revenue 2017: $921,739Expenses 2017: $452,916Net Income 2017: $468,8232017Revenue 2018: $1,142,454Expenses 2018: $1,497,234Net Income 2018: -$354,7802018Revenue 2019: $2,809,139Expenses 2019: $2,178,867Net Income 2019: $630,2722019Revenue 2020: $4,209,687Expenses 2020: $3,315,978Net Income 2020: $893,7092020Revenue 2021: $4,932,729Expenses 2021: $4,400,338Net Income 2021: $532,3912021Revenue 2022: $4,765,109Expenses 2022: $5,289,093Net Income 2022: -$523,9842022Revenue 2023: $5,450,407Expenses 2023: $5,618,904Net Income 2023: -$168,4972023Revenue 2024: $7,483,147Expenses 2024: $7,285,189Net Income 2024: $197,9582024

Highlighted filing

2021

Revenue$4,932,729
Expenses$4,400,338
Net Income$532,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$4,975,431
Mission and Program Overview

Mission

A patient-centered approach to healthcare innovation for rare cancers and orphan diseases.

Providing patient-centered tools, education, and support to those with rare diseases using a patient-initiated data platform in collaboration with disease experts to improve outcomes and accelerate cures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,027,221$2,945,929▲ $918,708
Accounts Receivable$144,193$308,668▲ $164,475
Pledges and Grants Receivable$100,000--
Land, Buildings, and Equipment, Net$10,297$48,103▲ $37,806
Total Assets$2,281,711$3,314,648▲ $1,032,937
Other Assets Total-$11,948-
Liabilities
Other Liabilities$198,310$629,290▲ $430,980
Accounts Payable and Accrued Expenses$35,241$111,069▲ $75,828
Total Liabilities$233,551$740,359▲ $506,808
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,071,564$1,872,278▲ $800,714
Net Assets With Donor Restrictions$976,596$702,011▼ $274,585
Total Net Assets Fund Balance$2,048,160$2,574,289▲ $526,129
Total Liabilities and Net Assets / Fund Balance$2,281,711$3,314,648▲ $1,032,937

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,103$27,447$75,550
Other Land Buildings-$4,487$4,487
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd FosterHt Product MFT$170,395$11,310$181,705
Todd FosterHt Product Manager-$169,395$12,310$181,705
Juan Pablo Capdevila Ponce De LeonCTOFT$137,922$4,339$142,261
Jennifer AhlstromPresidentFT$126,250$8,411$134,661
Gregor BrozeitRoundtable DFT$122,833$11,815$134,648
Lora JensenSecretary/trFT$76,842-$76,842

Board Members and Trustees

NameTitle
Adam BlumBoard Member
Brian BerthaBoard Member
Glen MellaBoard Member
Owen LegareBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,181,920
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$750,809
All Other Contributions
$3,838,018
Change in Net Assets
$532,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,932,729
Revenue Not Reported on Form 990
$42,703
Total Revenue per Audited Statements
$4,975,432
Total Revenue per Form 990
$4,932,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,257,585
Salaries, Compensation, and Employee Benefits$2,099,823
Grants and Similar Amounts Paid$42,930
Total Fundraising Expense$27,720
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,607,471$46,077$17,265$1,670,813
Fees for Services Other$885,585$68,511$8,878$962,974
Conferences and Meetings$472,363--$472,363
Office Expenses$171,346$116,990-$288,336
Current Officers, Directors, Trustees, and Key Employees$126,250$76,842-$203,092
Advertising$201,328$496-$201,824
Payroll Taxes$131,475$8,592$1,577$141,644
Other Employee Benefits$83,459$815-$84,274
Fees for Services Accounting-$78,997-$78,997
Occupancy$70,698$7,855-$78,553
Fees for Services Legal$5,032$46,325-$51,357
Grants to Domestic Orgs$42,930--$42,930
Travel$34,301$3,260-$37,561
Insurance$10,431$1,159-$11,590
Depreciation Depletion-$8,726-$8,726
Information Technology$4,551--$4,551
Other Expenses$628$2,774-$628
Total Functional Expenses$3,905,199$467,419$27,720$4,400,338

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,449,303
Expenses per Audited Statements$4,400,338
Total Expenses per Form 990$4,400,338
Expenses Not Reported on Form 990$48,965
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of ArkansasLittle Rock, AR501c3Myeloma Research$40,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,702
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Muscles for Mye$88,000-$37,950-
Total Events$88,000-$42,702$-42,702
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Isotalent LLC27.13%CNTRL ENTRecruiting ServicesNo$19,174
Isotalent Inc27.13%CNTRL ENTRecruiting ServicesNo$13,859
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue$576,000
Payroll Liabilities$53,290
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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

A copy of the return is provided to board members via email.

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

Covered annually via board meetings.

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

The compensation committee follows the rebuttable presumption of reasonableness procedure described in irs regulations section 53.4958-6(c) when setting compensation for the position of president/ceo and utilizes comparable non-profit salary data for establishing compensation levels.

Form 990, Page 6, Part VI, Line 19

Healthtree foundation makes its governing documents, conflict of interest policy, or financial statements available to the public upon request.

Form 990, Part VIII

Part viii, line 8c - the net loss from fundraising events reported on line 8c does not incorporate the contribution revenue from all fundraiser gross receipts. The contribution revenue is reported on line 1c and on line 8a. The net economic outcome of healthtree foundation's 2021 fundraisers: gross receipts from events 88,000 less: cash expenses of events (42,702) net economic benefit from fundraisers 45,298

Filing and Contact Details

Filer

Filer Name
Healthtree Foundation Inc
EIN
45-5354811
Phone
8007091113
Address
2600 WEST EXECUTIVE PKWY SUITE 380, LEHI, UT 84043

Signing Officer

Name
Jennifer Ahlstrom
Title
President
Phone
8019491034
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Ahlstrom
Formed
2012
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
56
Volunteers
200

Preparer

Firm
Squire & Company Pc
Address
215 S STATE ST STE 850, SALT LAKE CITY, UT 84111-2380
Preparer
Gregory O Hyde CPA
Phone
8015330409
Supplemental Narrative

Additional Explanations

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

Patient advocacy and education healthtree foundation has a deep set of rich programs and resources to provide advocacy and education for blood cancer patients. We understand that having and living with a disease requires disease-specific support to make it truly useful. Our programs for patient advocacy and education in multiple myeloma and aml include: healthtree community: a news website in patient-friendly language, a specialist directory, a journaling feature, regular webinar events with medical experts in topic- based or geographic chapters, and an upcoming social media network for a comprehensive patient community experience. Healthtree university: an online, animated video curriculum with dozens of courses and of hundreds of lessons taught by myeloma and aml experts. Htu is one of our most popular programs and can help a newly diagnosed patient get up-to-speed on everything including basics, how to build and navigate your healthcare team, genetics, understanding labs, "know your therapy- and complex topics like treatment choices. Healthtree round tables: live or online meetings with a panel of multiple myeloma and aml experts who cover topics ranging from newly diagnosed testing to decision-making at relapse. Healthtree podcast: an hour-long podcast interviewing multiple myeloma and aml experts with a focus on clinical trials so patients understand what the clinical trials are hoping to accomplish and why and how patients should join. Healthtree coach: healthtree coaches are experienced patients or caregivers who volunteer their time to support patients in navigating their care. Myeloma patients can choose from over 200 coaches to obtain temporary or long-term support with one-on-one help. Healthtree moves: we provide an iphone or android phone app called healthtree moves to facilitate group fitness challenges as well as a 5k and 1 mile race series to provide a fun fitness environment that builds and engage the patient community. Healthtree reach: we aim to reach all multiple myeloma patients and provide tailored services to spanish-speaking, black, rural and other patients with unique needs. Additional blood cancers will be supported in future years.

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

Healthtree research in addition to supporting patients through our advocacy and education efforts, healthtree foundation is relentless in moving us closer to a myeloma and aml cure. We built a unique patient data portal called healthtree cure hub that not only supports patients in navigating their disease, it can also facilitate investigator-led research to help them come to faster conclusions using real world evidence. Healthtree clinical trial finder: an easier way to find and join a multiple myeloma or aml clinical trial. With advanced filtering, finding clinical trials for a specific target, patients type, genetic type or location is significantly easier. When patients join clinical trials in greater numbers, they can help accelerate faster cures. Healthtree cure hub: a patient data portal where patients can link and aggregate their medical records in order to receive help navigating their disease (lab tracking, treatment tracking, finding a "twin- and viewing side effect solutions). Patients can also become part of the cure by contributing to research through surveys or studies. Patient participation helps us use real world evidence to accelerate researcher projects and provides investigators access to anonymized data for free, saving them years and hundreds of thousands of dollars to facilitate their work. To date, over 10,500 myeloma patients have joined healthtree cure hub. In 2021 we facilitated 10 research projects in multiple myeloma and published an introductory paper about healthtree cure hub in the journal of clinical oncology. In the future, healthtree cure hub will be introduced in aml and other blood cancers.

Form 990, Part IX, Line 11G

Professional fees-patient ed 797,755 62,772 7,825 payroll fees 87,830 5,739 1,053 total 885,585 68,511 8,878

Form 990, Part XI, Line 9

Fundraising event expenses 42,703 fundraising event expenses -42,703 book / tax depreciation difference -6,262 total -6,262

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising event expenses 42,703

Schedule D, Page 4, Part XII, Line 2D

Fundraising event expenses 42,703 book / tax depreciation difference 6,262

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IRS990/Desc0PATIENT ADVOCACY AND EDUCATION HEALTHTREE FOUNDATION HAS A DEEP SET OF RICH PROGRAMS AND RESOURCES TO PROVIDE ADVOCACY AND EDUCATION FOR BLOOD CANCER PATIENTS. WE UNDERSTAND THAT HAVING AND LIVING WITH A DISEASE REQUIRES DISEASE-SPECIFIC SUPPORT TO MAKE IT TRULY USEFUL. OUR PROGRAMS FOR PATIENT ADVOCACY AND EDUCATION IN MULTIPLE MYELOMA AND AML INCLUDE: HEALTHTREE COMMUNITY: A NEWS WEBSITE IN PATIENT-FRIENDLY LANGUAGE, A SPECIALIST DIRECTORY, A JOURNALING FEATURE, REGULAR WEBINAR EVENTS WITH MEDICAL EXPERTS IN TOPIC- BASED OR GEOGRAPHIC CHAPTERS, AND AN UPCOMING SOCIAL MEDIA NETWORK FOR A COMPREHENSIVE PATIENT COMMUNITY EXPERIENCE. HEALTHTREE UNIVERSITY: AN ONLINE, ANIMATED VIDEO CURRICULUM WITH DOZENS OF COURSES AND OF HUNDREDS OF LESSONS TAUGHT BY MYELOMA AND AML EXPERTS. HTU IS ONE OF OUR MOST POPULAR PROGRAMS AND CAN HELP A NEWLY DIAGNOSED PATIENT GET UP-TO-SPEED ON EVERYTHING INCLUDING BASICS, HOW TO BUILD AND NAVIGATE YOUR HEALTHCARE TEAM, GENETICS, UNDERSTANDING LABS, "KNOW YOUR THERAPY- AND COMPLEX TOPICS LIKE TREATMENT CHOICES. HEALTHTREE ROUND TABLES: LIVE OR ONLINE MEETINGS WITH A PANEL OF MULTIPLE MYELOMA AND AML EXPERTS WHO COVER TOPICS RANGING FROM NEWLY DIAGNOSED TESTING TO DECISION-MAKING AT RELAPSE. HEALTHTREE PODCAST: AN HOUR-LONG PODCAST INTERVIEWING MULTIPLE MYELOMA AND AML EXPERTS WITH A FOCUS ON CLINICAL TRIALS SO PATIENTS UNDERSTAND WHAT THE CLINICAL TRIALS ARE HOPING TO ACCOMPLISH AND WHY AND HOW PATIENTS SHOULD JOIN. HEALTHTREE COACH: HEALTHTREE COACHES ARE EXPERIENCED PATIENTS OR CAREGIVERS WHO VOLUNTEER THEIR TIME TO SUPPORT PATIENTS IN NAVIGATING THEIR CARE. MYELOMA PATIENTS CAN CHOOSE FROM OVER 200 COACHES TO OBTAIN TEMPORARY OR LONG-TERM SUPPORT WITH ONE-ON-ONE HELP. HEALTHTREE MOVES: WE PROVIDE AN IPHONE OR ANDROID PHONE APP CALLED HEALTHTREE MOVES TO FACILITATE GROUP FITNESS CHALLENGES AS WELL AS A 5K AND 1 MILE RACE SERIES TO PROVIDE A FUN FITNESS ENVIRONMENT THAT BUILDS AND ENGAGE THE PATIENT COMMUNITY. HEALTHTREE REACH: WE AIM TO REACH ALL MULTIPLE MYELOMA PATIENTS AND PROVIDE TAILORED SERVICES TO SPANISH-SPEAKING, BLACK, RURAL AND OTHER PATIENTS WITH UNIQUE NEEDS. ADDITIONAL BLOOD CANCERS WILL BE SUPPORTED IN FUTURE YEARS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.87$0.79$2.08$7.48$7.29$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.07$1.88$5.45$5.62$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.18$0.13$2.05$4.77$5.29$0.52
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.74$2.57$4.93$4.40$0.53
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.23$2.05$4.21$3.32$0.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.01$0.94$2.81$2.18$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.02$0.31$1.14$1.50$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.01$0.67$0.92$0.45$0.47
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.02$0.20$0.64$0.55$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.12$0.22$0.13$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.02$0.09$0.06$0.03
2013Summary only. Only limited summary data is available for this year.$0.00$0.01$0.06$0.06$0.01
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.04$0.04$0.00