Civic Intelligence

Directtrust Org Inc

990 • Fiscal year 2018 • EIN 46-0537086

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 20, 2019

1629 K Street NWWashington, DC 20006

(913) 222-0630

Siviq Scores

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

Liabilities / Assets

74th percentile

0.38x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.33x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

12th percentile

-9.2%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$250,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

18th percentile

-8.1%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

6.2%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,007,671

Down $88,585 (-8.1%) from 2017

Net Assets

Down

$628,705

Down $106,484 (-14%) from 2017

Liabilities

Up

$378,966

Up $17,899 (+5.0%) from 2017

Revenue

Up

$1,157,520

Up $67,800 (+6.2%) from 2017

Expenses

Up

$1,264,004

Up $236,225 (+23%) from 2017

Net Income

Down

-$106,484

Down $168,425 (-272%) from 2017

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

2018

Assets$1,007,671
Liabilities$378,966
Net Assets$628,705

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

2018

Revenue$1,157,520
Expenses$1,264,004
Net Income-$106,484
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 20, 2019
Return Version
2018v3.1
Gross Receipts
$1,157,520
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$735,189$628,705▼ $106,484
Cash and Non-Interest-Bearing Accounts$623,690$416,900▼ $206,790
Investments Other Securities$256,019$365,099▲ $109,080
Accounts Receivable$166,688$185,538▲ $18,850
Total Assets$1,096,256$1,007,671▼ $88,585
Other Assets Total$49,859$40,134▼ $9,725
Liabilities
Deferred Revenue$264,838$296,537▲ $31,699
Accounts Payable and Accrued Expenses$96,229$82,429▼ $13,800
Total Liabilities$361,067$378,966▲ $17,899
Net Assets / Fund Balance
Total Net Assets Fund Balance$735,189$628,705▼ $106,484
Total Liabilities and Net Assets / Fund Balance$1,096,256$1,007,671▼ $88,585

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,506--
Other Securities$365,099--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David KibbePresident and Ceosenior AdviPT$250,000$250,000
Paul UhrigEmeritus Director-$250,000$250,000
Stephen M WeissManaging DirectorPT$134,177$134,177
Scott SteuwePresident CEOPT$98,058$98,058

Board Members and Trustees

NameTitle
David KibbePresident and Ceosenior Advisor
Adam ApatoffDirector
Andy HeerenDirector
Anupam GoelDirector
Bruce SchreiberDirector
Dan PaolettiDirector
Don JorgensonDirector
Julie MaasDirector
Larry GarberDirector
Lee BarrettDirector
Linda Van HornDirector
Lucy JohnsDirector
Renee SmithDirector
Sameer BadliniDirector
John BlairEmeritus Director
Leslie Kelly HallEmeritus Director
Scott ReaEmeritus Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Crowell Moring LLPLegal Services1001 PENNSYLVANIA AVE NW, Washington, DC 20004$187,031
Provision ProductionsAdministration47 CEDAR GLEN, Blairsville, GA 30512$151,348
Revenue and Support

Revenue Composition

Contributions and Grants
$564,164
Program Service Revenue
$584,275
Investment Income
$9,081
Other Revenue
$0
All Other Contributions
$20,500
Change in Net Assets
$-106,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,271
Salaries, Compensation, and Employee Benefits$519,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$482,235
Fees for Services Management---$185,893
Fees for Services Other---$180,674
Fees for Services Legal---$166,266
Advertising---$50,220
Conferences and Meetings---$36,792
Payroll Taxes---$32,193
Travel---$30,680
Information Technology---$26,140
Fees for Services Accounting---$18,107
Insurance---$11,294
Other Expenses$9,315--$9,315
Office Expenses---$7,921
Other Employee Benefits---$5,305
All Other Expenses---$1,345
Total Functional Expenses$0$0$0$1,264,004
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
1629 K STREET NW, WASHINGTON, DC 20006

Signing Officer

Name
Scott Steuwe
Title
President
Phone
9132220630
Signed
2019-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Steuwe
Formed
2012
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
109

Preparer

Firm
Burling Consultants LLC
Address
9040 TOWN CENTER PARKWAY, BRADENTON, FL 34202
Preparer
Mark Burling
Phone
9419614045
Supplemental Narrative

Additional Explanations

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

Consulting services 33,043system administration 2,180administration 145,451total line 11g 180,674

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, assist with the enforcement of 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
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EMERITUS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EMERITUS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EMERITUS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EMERITUS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT AND CEOSENIOR ADVI
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IRS990/ProgramServiceRevenueGrp/Desc3CONFERENCE FEES
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN BLAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LESLIE KELLY HALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SCOTT REA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4DAVID KIBBE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EMERITUS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EMERITUS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EMERITUS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3EMERITUS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4PRESIDENT AND CEOSENIOR ADVISOR
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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/ExplanationTxt6CONSULTING SERVICES 33,043SYSTEM ADMINISTRATION 2,180ADMINISTRATION 145,451TOTAL LINE 11G 180,674
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, ASSIST WITH THE ENFORCEMENT OF 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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