Civic Intelligence

Directtrust Org Inc

990 • Fiscal year 2016 • EIN 46-0537086

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 12, 2017

1101 Pennsylvania Avenue NW 3rd FlrWashington, DC 20004

(913) 205-7968

Siviq Scores

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

Liabilities / Assets

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

0.43x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$332,500

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 46.5% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

79th percentile

19%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

5.3%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$980,200

Up $156,732 (+19%) from 2015

Net Assets

Up

$673,248

Up $27,635 (+4.3%) from 2015

Liabilities

Up

$306,952

Up $129,097 (+73%) from 2015

Revenue

Up

$715,366

Up $35,864 (+5.3%) from 2015

Expenses

Up

$687,731

Up $32,817 (+5.0%) from 2015

Net Income

Up

$27,635

Up $3,047 (+12%) from 2015

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 2013: $99,912Liabilities 2013: $0Net Assets 2013: $99,9122013Assets 2014: $621,324Liabilities 2014: $22,849Net Assets 2014: $598,4752014Assets 2015: $823,468Liabilities 2015: $177,855Net Assets 2015: $645,6132015Assets 2016: $980,200Liabilities 2016: $306,952Net Assets 2016: $673,2482016Assets 2017: $1,096,256Liabilities 2017: $361,067Net Assets 2017: $735,1892017Assets 2018: $1,007,671Liabilities 2018: $378,966Net Assets 2018: $628,7052018Assets 2019: $949,552Liabilities 2019: $466,256Net Assets 2019: $483,2962019Assets 2020: $1,076,076Liabilities 2020: $538,969Net Assets 2020: $537,1072020Assets 2022: $1,091,331Liabilities 2022: $837,973Net Assets 2022: $253,3582022Assets 2024: $3,126,902Liabilities 2024: $2,007,107Net Assets 2024: $1,119,7952024

Highlighted filing

2016

Assets$980,200
Liabilities$306,952
Net Assets$673,248

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $474,785Expenses 2013: $404,809Net Income 2013: $69,9762013Revenue 2014: $991,196Expenses 2014: $492,633Net Income 2014: $498,5632014Revenue 2015: $679,502Expenses 2015: $654,914Net Income 2015: $24,5882015Revenue 2016: $715,366Expenses 2016: $687,731Net Income 2016: $27,6352016Revenue 2017: $1,089,720Expenses 2017: $1,027,779Net Income 2017: $61,9412017Revenue 2018: $1,157,520Expenses 2018: $1,264,004Net Income 2018: -$106,4842018Revenue 2019: $1,155,834Expenses 2019: $1,301,243Net Income 2019: -$145,4092019Revenue 2020: $1,284,588Expenses 2020: $1,311,056Net Income 2020: -$26,4682020Revenue 2022: $1,671,597Expenses 2022: $1,936,787Net Income 2022: -$265,1902022Revenue 2024: $4,452,648Expenses 2024: $4,654,667Net Income 2024: -$202,0192024

Highlighted filing

2016

Revenue$715,366
Expenses$687,731
Net Income$27,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 12, 2017
Return Version
2016v3.0
Gross Receipts
$715,366
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$645,613$673,248▲ $27,635
Cash and Non-Interest-Bearing Accounts$648,601$502,702▼ $145,899
Investments Other Securities-$250,000-
Accounts Receivable$112,000$204,188▲ $92,188
Total Assets$823,468$980,200▲ $156,732
Other Assets Total$62,867$23,310▼ $39,557
Liabilities
Deferred Revenue$72,000$265,438▲ $193,438
Accounts Payable and Accrued Expenses$105,855$41,514▼ $64,341
Total Liabilities$177,855$306,952▲ $129,097
Net Assets / Fund Balance
Total Net Assets Fund Balance$645,613$673,248▲ $27,635
Total Liabilities and Net Assets / Fund Balance$823,468$980,200▲ $156,732

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,504--
Other Securities$250,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David KibbePresident CEOPT$332,500$332,500$332,500

Board Members and Trustees

NameTitle
Brian AhierDirector
Dan PaolettiDirector
Don JorgensonDirector
John BlairDirector
Larry GarberDirector
Lee BarrettDirector
Leslie Kelly HallDirector
Linda Van HornDirector
Lucy JohnsDirector
Renee SmithDirector
Andy HeerenDirector Emeritus
Scott ReaDirector Emeritus
Paul UhrigSecretary Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Kibbe GroupManagement1105 LINK LANE, Oriental, NC 28571$332,500
Revenue and Support

Revenue Composition

Contributions and Grants
$395,349
Program Service Revenue
$319,112
Investment Income
$46
Other Revenue
$859
All Other Contributions
$11,500
Change in Net Assets
$27,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$687,731
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$353,500
Fees for Services Other---$120,558
Fees for Services Legal---$99,185
Advertising---$43,410
Travel---$28,695
Conferences and Meetings---$15,162
Insurance---$10,929
Fees for Services Accounting---$6,807
Information Technology---$2,857
Office Expenses---$2,021
Other Expenses$517--$517
All Other Expenses---$300
Total Functional Expenses$0$0$0$687,731
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Members or stockholder classes and rights Part VI line 6

The organization is composed of members who pay annual membership fees to belong to the organization. Membership benefits include: access to directtrust.org deliverables and intellectual property, as well as participation in directtrust.org workgroups; up to date information about the continually evolving regulatory environment; opportunities to influence and shape the developing trust framework; insight into the work being done by your colleagues in the community; and discounted access to directtrust.org products, most notably the accreditation process currently under development.

Member election for additional members Part VI line 7A

The organizations bylaws stipulate that new board members must be nominated by the nominating commmittee. The members of the organization then vote on the new members at the annual meeting. In between annual meetings, the board may appoint new members if there is a vacancy.

Form 990 governing body review Part VI line 11

A draft of the form 990 is provided to the board of directors prior to submission for approval.

Conflict of interest policy compliance Part VI line 12C

The organization conducts a general education session regarding the conflict of interest policy with new board members once a year. Each year each board member must sign a conflict of interest form, and also notify the board if there are any changes in status that might create a conflict of interest.

CEO executive director top management comp Part VI line 15A

The board chairman and the other officers of the organization, forming an executive committee, determine the compensation to pay the president and ceo to manage the organization. They present their recommendations to the full board of directors who discuss their recommendations and make the final decision as to executive management compensation.

Governing documents etc available to public Part VI line 19

Governing documents, form 990 and other policies are made available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Directtrustorg Inc
EIN
46-0537086
Address
1101 PENNSYLVANIA AVENUE NW 3RD FLR, WASHINGTON, DC 20004

Signing Officer

Name
David Kibbe
Title
President
Phone
9132057968
Signed
2017-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kibbe
Formed
2012
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
131

Preparer

Firm
Burling Consultants LLC
Address
9040 Town Center Parkway, Lakewood Ranch, FL 34202
Preparer
Mark Burling
Phone
9419614045
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Website maintenance 2,665it system administration 2,738administration 109,500other contract services 2,880security audit 2,775total line 11g 120,558

General explanation attachment

Form 990, page 2, part iii, organizations primary exempt purpose:directtrust.org is organized as a competitively neutral, self-regulatory entity, and it is the common goal of its members to establish and maintain a national security and trust framework in support of direct exchange. Specifically, the purpose of the organization is to develop, promote and, as necessary, help enforce the rules and best practices necessary to maintain security and trust within the direct community, and to foster widespread public confidence in the direct exchange of health information.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS COMPOSED OF MEMBERS WHO PAY ANNUAL MEMBERSHIP FEES TO BELONG TO THE ORGANIZATION. MEMBERSHIP BENEFITS INCLUDE: ACCESS TO DIRECTTRUST.ORG DELIVERABLES AND INTELLECTUAL PROPERTY, AS WELL AS PARTICIPATION IN DIRECTTRUST.ORG WORKGROUPS; UP TO DATE INFORMATION ABOUT THE CONTINUALLY EVOLVING REGULATORY ENVIRONMENT; OPPORTUNITIES TO INFLUENCE AND SHAPE THE DEVELOPING TRUST FRAMEWORK; INSIGHT INTO THE WORK BEING DONE BY YOUR COLLEAGUES IN THE COMMUNITY; AND DISCOUNTED ACCESS TO DIRECTTRUST.ORG PRODUCTS, MOST NOTABLY THE ACCREDITATION PROCESS CURRENTLY UNDER DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS BYLAWS STIPULATE THAT NEW BOARD MEMBERS MUST BE NOMINATED BY THE NOMINATING COMMMITTEE. THE MEMBERS OF THE ORGANIZATION THEN VOTE ON THE NEW MEMBERS AT THE ANNUAL MEETING. IN BETWEEN ANNUAL MEETINGS, THE BOARD MAY APPOINT NEW MEMBERS IF THERE IS A VACANCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONDUCTS A GENERAL EDUCATION SESSION REGARDING THE CONFLICT OF INTEREST POLICY WITH NEW BOARD MEMBERS ONCE A YEAR. EACH YEAR EACH BOARD MEMBER MUST SIGN A CONFLICT OF INTEREST FORM, AND ALSO NOTIFY THE BOARD IF THERE ARE ANY CHANGES IN STATUS THAT MIGHT CREATE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CHAIRMAN AND THE OTHER OFFICERS OF THE ORGANIZATION, FORMING AN EXECUTIVE COMMITTEE, DETERMINE THE COMPENSATION TO PAY THE PRESIDENT AND CEO TO MANAGE THE ORGANIZATION. THEY PRESENT THEIR RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS WHO DISCUSS THEIR RECOMMENDATIONS AND MAKE THE FINAL DECISION AS TO EXECUTIVE MANAGEMENT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FORM 990 AND OTHER POLICIES ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WEBSITE MAINTENANCE 2,665IT SYSTEM ADMINISTRATION 2,738ADMINISTRATION 109,500OTHER CONTRACT SERVICES 2,880SECURITY AUDIT 2,775TOTAL LINE 11G 120,558
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PAGE 2, PART III, ORGANIZATIONS PRIMARY EXEMPT PURPOSE:DIRECTTRUST.ORG IS ORGANIZED AS A COMPETITIVELY NEUTRAL, SELF-REGULATORY ENTITY, AND IT IS THE COMMON GOAL OF ITS MEMBERS TO ESTABLISH AND MAINTAIN A NATIONAL SECURITY AND TRUST FRAMEWORK IN SUPPORT OF DIRECT EXCHANGE. SPECIFICALLY, THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, PROMOTE AND, AS NECESSARY, HELP ENFORCE THE RULES AND BEST PRACTICES NECESSARY TO MAINTAIN SECURITY AND TRUST WITHIN THE DIRECT COMMUNITY, AND TO FOSTER WIDESPREAD PUBLIC CONFIDENCE IN THE DIRECT EXCHANGE OF HEALTH INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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