Civic Intelligence

Directtrust Org Inc

990 • Fiscal year 2019 • EIN 46-0537086

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 17, 2020

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

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.40x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

9th percentile

-13%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$361,529

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 31.3% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

16th percentile

-5.8%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-0.1%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$949,552

Down $58,119 (-5.8%) from 2018

Net Assets

Down

$483,296

Down $145,409 (-23%) from 2018

Liabilities

Up

$466,256

Up $87,290 (+23%) from 2018

Revenue

Down

$1,155,834

Down $1,686 (-0.1%) from 2018

Expenses

Up

$1,301,243

Up $37,239 (+2.9%) from 2018

Net Income

Down

-$145,409

Down $38,925 (-37%) from 2018

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

2019

Assets$949,552
Liabilities$466,256
Net Assets$483,296

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

2019

Revenue$1,155,834
Expenses$1,301,243
Net Income-$145,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 17, 2020
Return Version
2019v5.1
Gross Receipts
$1,155,834
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$628,705$483,296▼ $145,409
Investments Other Securities$365,099$375,562▲ $10,463
Cash and Non-Interest-Bearing Accounts$416,900$348,104▼ $68,796
Accounts Receivable$185,538$170,988▼ $14,550
Total Assets$1,007,671$949,552▼ $58,119
Other Assets Total$40,134$54,898▲ $14,764
Liabilities
Deferred Revenue$296,537$373,038▲ $76,501
Accounts Payable and Accrued Expenses$82,429$93,218▲ $10,789
Total Liabilities$378,966$466,256▲ $87,290
Net Assets / Fund Balance
Total Net Assets Fund Balance$628,705$483,296▼ $145,409
Total Liabilities and Net Assets / Fund Balance$1,007,671$949,552▼ $58,119

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,509--
Other Securities$375,562--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott StuewePresident CEOPT$300,000$61,529$361,529
Stephen WeissManaging DirectorPT$144,496-$144,496

Board Members and Trustees

NameTitle
Adam ApatoffDirector
Anand ShroffDirector
Andrew HeerenDirector
Anupam GoelDirector
Bruce SchreiberDirector
Dan PaolettiDirector
Dan SouleDirector
Jacob ReiderDirector
Jon ElwellDirector
Julie MaasDirector
Lawrence GarberDirector
Leslie Kelly HallDirector
Linda Van HornDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Provision ProductionsAdministration47 CEDAR GLEN, Blairsville, GA 30512$171,488
Crowell Moring LLPLegal Services1001 PENNSYLVANIA AVE NW, Washington, DC 20004$166,627
Revenue and Support

Revenue Composition

Contributions and Grants
$512,437
Program Service Revenue
$632,932
Investment Income
$10,465
Other Revenue
$0
All Other Contributions
$27,500
Change in Net Assets
$-145,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$670,553
Salaries, Compensation, and Employee Benefits$630,690
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---$481,687
Fees for Services Other---$210,029
Fees for Services Legal---$164,128
Other Salaries and Wages---$97,559
Conferences and Meetings---$63,875
Advertising---$55,416
Information Technology---$46,199
Travel---$31,292
Payroll Taxes---$31,224
Other Employee Benefits---$20,220
Fees for Services Accounting---$16,378
Insurance---$11,691
Other Expenses$11,314--$11,314
Office Expenses---$8,726
All Other Expenses---$747
Total Functional Expenses$0$0$0$1,301,243
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 35% controlled entity
No
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: opportunities to influence and shape the directtrust trust framework; access to directtrust deliverables and intellectual property, as well as participation in workgroups; insight into the work being done by your colleagues in the community; discounted access to directtrust products; and up to date information about the continually evolving regulatory environment.

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 Stuewe
Title
President CEO
Phone
9132220630
Signed
2020-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Stuewe
Formed
2012
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
25

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 42,487system administration 1,195administration 166,347total line 11g 210,029

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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/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: OPPORTUNITIES TO INFLUENCE AND SHAPE THE DIRECTTRUST TRUST FRAMEWORK; ACCESS TO DIRECTTRUST DELIVERABLES AND INTELLECTUAL PROPERTY, AS WELL AS PARTICIPATION IN WORKGROUPS; INSIGHT INTO THE WORK BEING DONE BY YOUR COLLEAGUES IN THE COMMUNITY; DISCOUNTED ACCESS TO DIRECTTRUST PRODUCTS; AND UP TO DATE INFORMATION ABOUT THE CONTINUALLY EVOLVING REGULATORY ENVIRONMENT.
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 42,487SYSTEM ADMINISTRATION 1,195ADMINISTRATION 166,347TOTAL LINE 11G 210,029
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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