Civic Intelligence

The Trecs Institute

990EZ • Fiscal year 2014 • EIN 76-0752190

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

105 Thatcher CourtNorth Wales, PA 19454

(484) 557-6980

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

42nd percentile

0.3%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$24,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$2,373

No earlier filing loaded for comparison.

Net Assets

$2,373

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$196,653

No earlier filing loaded for comparison.

Expenses

$196,160

No earlier filing loaded for comparison.

Net Income

$493

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15K$10K$5.0K$0Assets 2014: $2,373Liabilities 2014: $0Net Assets 2014: $2,3732014Assets 2017: $140Liabilities 2017: $0Net Assets 2017: $1402017Assets 2018: $197Liabilities 2018: $0Net Assets 2018: $1972018Assets 2019: $444Liabilities 2019: $4442019Assets 2020: $1,085Liabilities 2020: $1,0852020Assets 2022: $4,899Net Assets 2022: $4,8992022Assets 2023: $264Liabilities 2023: $02023Assets 2024: $11,918Net Assets 2024: $11,9182024

Highlighted filing

2014

Assets$2,373
Liabilities$0
Net Assets$2,373

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $196,653Expenses 2014: $196,160Net Income 2014: $4932014Revenue 2017: $228,736Expenses 2017: $228,801Net Income 2017: -$652017Revenue 2018: $353,028Expenses 2018: $352,971Net Income 2018: $572018Revenue 2019: $118,537Expenses 2019: $119,178Net Income 2019: -$6412019Revenue 2020: $80,464Expenses 2020: $81,105Net Income 2020: -$6412020Revenue 2022: $173,411Expenses 2022: $190,502Net Income 2022: -$17,0912022Revenue 2023: $135,886Expenses 2023: $140,521Net Income 2023: -$4,6352023Revenue 2024: $165,706Expenses 2024: $154,052Net Income 2024: $11,6542024

Highlighted filing

2014

Revenue$196,653
Expenses$196,160
Net Income$493
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$196,653
Mission and Program Overview

Mission

The trecs institute is a non profit dedicated to serving as a catalyst to improve care for one of our nation's most precious resource... Our seniors. In addition, trecs seeks to reduce health care system costs by eliminating inefficiency, misaligned financial incentives and regulatory requirements that add to the systems cost without contributing to improved quality. Trecs seeks out areas within senior care services that are complex, difficult and not being resolved. Trecs serves as a catalyst to bring these difficult areas to the forefront with the goal of improving care and reducing health care expenditures.

Program Services

DescriptionGrantsExpenses
RESEARCH PROJECT #1: EVALUATION OF HOW ACO'S CAN SUPPORT SENIORS IN FLORIDA RESIDING WITHIN SNFS: THIS PROJECT WAS DESIGNED TO INTERACT WITH FLORIDA'S ACO COMMUNITY AND IDENTIFY OPPORTUNITIES FOR COLLABORATE EFFORTS TO IMPROVE CARE AND REDUCE COSTS FOR SENIORS. MULTIPLE RECOMMENDATIONS WERE DEVELOPED IN THIS PROJECT AND CONTINUED INTO 2015. MAJOR ACCOMPLISHMENTS: IDENTIFIED MULTIPLE PROGRAM AND SERVICE OPTIONS ACO'S COULD IMPLEMENT WITH SNFS TRANSFERS WITH SIGNIFICANT QUALITY OF CARE IMPROVEMENTS AS WELL AS MASSIVE SAVINGS FOR MEDICARE. NOW SEEKING ADDITIONAL GRANTS TO FURTHER STUDY THE SPECIFIC QUALITY OF LIFE AND ECONOMIC IMPACT NATIONALLY.$0$116,145
RESEARCH PROJECT #2: EVALUATION OF POST ACUTE CARE NEEDS UNDER CMS'S BUNDLED PAYMENTS: AN EVALUATION OF HOW COMMUNITY HOSPITALS WILL NEED TO CHANGE THEIR OPERATIONAL APPROACHES TO CARING FOR SENIORS POST DISCHARGE BASED ON THE BUNDLED PAYMENT FOR CARE IMPROVEMENT (BPCI) DEMONSTRATION PROJECT BY CMS. MAJOR ACCOMPLISHMENTS: DEVELOPED A DETAIL SET OF RECOMMENDATIONS FOR COMMUNITY HOSPITALS TO HELP THEM PREPARE FOR BPCI WITH THE GOAL OF IMPROVING QUALITY OUTCOMES AND ELIMINATING INEFFICIENT AND COSTLY HISTORICAL PRACTICES THAT DID NOTHING TO PROMOTE QUALITY AND ADDED COST TO THE SYSTEM.$0$27,445
RESEARCH PROJECT #3: UPDATE RESEARCH ON AVAILABILITY OF DENTAL CARE SERVICE FOR NURSING FACILITY RESIDENTS: THIS GRANT WAS AN UPDATE OF THE AVAILABILITY OF DENTAL CARE SERVICES WITHIN SNFS COMPLETED IN 2006. DENTAL CARE SERVICES IN AMERICA'S 15000 NURSING FACILITIES HAS HISTORICALLY BEEN POOR AT BEST. IN 2006 THE TRECS INSTITUTE COMPLETED A CMS STUDY EVALUATING THE AVAILABILITY OF DENTAL CARE SERVICES FOR AMERICA'S 1.6 MILLION NURSING FACILITY RESIDENTS. THIS GRANT TO A NEW LOOK AND UPDATED THE ORIGINAL STUDY. MAJOR ACCOMPLISHMENTS: RECONFIRMED THE NEED FOR SOLID CHANGES IN AMERICA PROVIDES DENTAL CARE SERVICES. EMPHASIZED THE LINK BETWEEN POOR ORAL AND DENTAL CARE AND MEDICAL CARE AND THE ADDED DOWNSTREAM MEDICAL EXPENSES CAUSED (AND AVOIDABLE) BY IMPROVING DENTAL CARE SERVICES.$0$10,306
ADDITIONAL RESEARCH: SEVERAL ADDITIONAL SMALL PROGRAMS WHERE IMPLEMENTED INCLUDING A GRANT TO PLACE LARGE TOUCH SCREEN COMPUTERS IN HOMES WITH MEDICALLY ISOLATED SENIORS AND USE THE TWO WAY SKYPING CAPABILITY FOR AN INFORMAL DAILY CALL FROM A VOLUNTEER MONITORING THEIR OVERALL WELL BEING AND ACTING AS AN EARLY WARNING SYSTEM TO ALERT HEALTH CARE PROFESSIONALS IF MEDICAL CARE APPEARS TO BE IN NEED. IT ALSO LINKED THE OTHER SOCIALLY ISOLATED PARTICIPANTS INTO THEIR OWN "SOCIAL NETWORK" ENCOURAGING COMMUNITCATION AND INTERACTIONS WITH THE GOAL OF MINIMIZING THE NEGATIVE IMPACT OF SOCIAL ISOLATION. ANOTHER SMALL PROJECT INVOLVED LINKING HIGH SCHOOL JUNIORS WITH LOCAL NURSING FACILITIES FOR THE PURPOSE OF INTER-GENERATIONAL INTERACTIONS. THE STUDENTS MEET WITH THE SENIORS ONCE A WEEK FOR A SEMESTER AND RECORDING A LIVE CHANGING INCEDENT IN THIER LIVES.$0$3,510
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN WHITMAN MBAPresidentPT$24,000-$24,000
LINDA WHITMAN PHDVice PresidentPT$12,000-$12,000
MARY FINNTreasurer-$0--
BOB MATLACKBoard Member-$0--
YOLANDA ANN SLAUGHTER DDS MPHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Trecs Institute
EIN
76-0752190
Phone
4845576980
Address
105 THATCHER COURT, NORTH WALES, PA 19454

Signing Officer

Name
John Whitman
Title
Executive Director
Phone
4845576980
Signed
2015-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Wipfli Llp
Address
2 WEST BALTIMORE AVE SUITE 210, MEDIA, PA 19063
Preparer
Gregory D Stratoti CPA Mst
Phone
6105653930
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: equipment rentals. Amount: 696. Description: meetings & seminars. Amount: 4,110. Description: travel. Amount: 88,364. Description: office supplies. Amount: 14,862. Total to form 990-ez, line 16: 108,032.

Form 990-ez, Part V, Line 33

The trecs institute is currently completing a study looking at utilizing virtual physician services enabled through technology to prevent avoidable snf to hospital transfers. This is a 2015 grant implemented in nyc. A cms grant was also received and will be starting in the november 2015 time from implementing virtual physician services in 4 florida snf's to evaluate quality of care impact as well as economic impact on the participating facilities as well as the medicare program itself. Additional grants are also in preparation stages for evaluating interventions to reduce dry mouth in living term care nursing facility residents w/ the goal of reducing bacteria levels & the resulting respiratory infections that lead to hospitalization. Another grant application will be submitted in december looking at providing blood transfusions in snfs & avoiding sending patients to hospitals for this service. Finally, the trecs institute is serving as a catalyst to host a national summit on redesigning america's long term care system. The bundled payment program will bring dramatic changes to the industry and in essence separate snfs into two catergories .....the preferred providers selected by hospitals and caring for medicare and medicare managed care patients, and those not selected who will only receive medicaid long term care residents. Because medicaid in almost every state pays less then the actual cost of providing care. This summit is being held to bring together the best minds in the industry in an attempt to recognize the many weakness and cost inefficient practices currently taking place in our snfs (the survey process for example). The non-preferred snfs will face serious financial consequences leading to significant reductions in the quality of care. A grant for evaluating the ability of circadian light in ling term care to reduce sun down syndrome and improve providing care is also being submitted for funding.

Raw XML Appendix164 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1RESEARCH PROJECT #2: EVALUATION OF POST ACUTE CARE NEEDS UNDER CMS'S BUNDLED PAYMENTS: AN EVALUATION OF HOW COMMUNITY HOSPITALS WILL NEED TO CHANGE THEIR OPERATIONAL APPROACHES TO CARING FOR SENIORS POST DISCHARGE BASED ON THE BUNDLED PAYMENT FOR CARE IMPROVEMENT (BPCI) DEMONSTRATION PROJECT BY CMS. MAJOR ACCOMPLISHMENTS: DEVELOPED A DETAIL SET OF RECOMMENDATIONS FOR COMMUNITY HOSPITALS TO HELP THEM PREPARE FOR BPCI WITH THE GOAL OF IMPROVING QUALITY OUTCOMES AND ELIMINATING INEFFICIENT AND COSTLY HISTORICAL PRACTICES THAT DID NOTHING TO PROMOTE QUALITY AND ADDED COST TO THE SYSTEM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2RESEARCH PROJECT #3: UPDATE RESEARCH ON AVAILABILITY OF DENTAL CARE SERVICE FOR NURSING FACILITY RESIDENTS: THIS GRANT WAS AN UPDATE OF THE AVAILABILITY OF DENTAL CARE SERVICES WITHIN SNFS COMPLETED IN 2006. DENTAL CARE SERVICES IN AMERICA'S 15000 NURSING FACILITIES HAS HISTORICALLY BEEN POOR AT BEST. IN 2006 THE TRECS INSTITUTE COMPLETED A CMS STUDY EVALUATING THE AVAILABILITY OF DENTAL CARE SERVICES FOR AMERICA'S 1.6 MILLION NURSING FACILITY RESIDENTS. THIS GRANT TO A NEW LOOK AND UPDATED THE ORIGINAL STUDY. MAJOR ACCOMPLISHMENTS: RECONFIRMED THE NEED FOR SOLID CHANGES IN AMERICA PROVIDES DENTAL CARE SERVICES. EMPHASIZED THE LINK BETWEEN POOR ORAL AND DENTAL CARE AND MEDICAL CARE AND THE ADDED DOWNSTREAM MEDICAL EXPENSES CAUSED (AND AVOIDABLE) BY IMPROVING DENTAL CARE SERVICES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3ADDITIONAL RESEARCH: SEVERAL ADDITIONAL SMALL PROGRAMS WHERE IMPLEMENTED INCLUDING A GRANT TO PLACE LARGE TOUCH SCREEN COMPUTERS IN HOMES WITH MEDICALLY ISOLATED SENIORS AND USE THE TWO WAY SKYPING CAPABILITY FOR AN INFORMAL DAILY CALL FROM A VOLUNTEER MONITORING THEIR OVERALL WELL BEING AND ACTING AS AN EARLY WARNING SYSTEM TO ALERT HEALTH CARE PROFESSIONALS IF MEDICAL CARE APPEARS TO BE IN NEED. IT ALSO LINKED THE OTHER SOCIALLY ISOLATED PARTICIPANTS INTO THEIR OWN "SOCIAL NETWORK" ENCOURAGING COMMUNITCATION AND INTERACTIONS WITH THE GOAL OF MINIMIZING THE NEGATIVE IMPACT OF SOCIAL ISOLATION. ANOTHER SMALL PROJECT INVOLVED LINKING HIGH SCHOOL JUNIORS WITH LOCAL NURSING FACILITIES FOR THE PURPOSE OF INTER-GENERATIONAL INTERACTIONS. THE STUDENTS MEET WITH THE SENIORS ONCE A WEEK FOR A SEMESTER AND RECORDING A LIVE CHANGING INCEDENT IN THIER LIVES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EQUIPMENT RENTALS. AMOUNT: 696. DESCRIPTION: MEETINGS & SEMINARS. AMOUNT: 4,110. DESCRIPTION: TRAVEL. AMOUNT: 88,364. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 14,862. TOTAL TO FORM 990-EZ, LINE 16: 108,032.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRECS INSTITUTE IS CURRENTLY COMPLETING A STUDY LOOKING AT UTILIZING VIRTUAL PHYSICIAN SERVICES ENABLED THROUGH TECHNOLOGY TO PREVENT AVOIDABLE SNF TO HOSPITAL TRANSFERS. THIS IS A 2015 GRANT IMPLEMENTED IN NYC. A CMS GRANT WAS ALSO RECEIVED AND WILL BE STARTING IN THE NOVEMBER 2015 TIME FROM IMPLEMENTING VIRTUAL PHYSICIAN SERVICES IN 4 FLORIDA SNF'S TO EVALUATE QUALITY OF CARE IMPACT AS WELL AS ECONOMIC IMPACT ON THE PARTICIPATING FACILITIES AS WELL AS THE MEDICARE PROGRAM ITSELF. ADDITIONAL GRANTS ARE ALSO IN PREPARATION STAGES FOR EVALUATING INTERVENTIONS TO REDUCE DRY MOUTH IN LIVING TERM CARE NURSING FACILITY RESIDENTS W/ THE GOAL OF REDUCING BACTERIA LEVELS & THE RESULTING RESPIRATORY INFECTIONS THAT LEAD TO HOSPITALIZATION. ANOTHER GRANT APPLICATION WILL BE SUBMITTED IN DECEMBER LOOKING AT PROVIDING BLOOD TRANSFUSIONS IN SNFS & AVOIDING SENDING PATIENTS TO HOSPITALS FOR THIS SERVICE. FINALLY, THE TRECS INSTITUTE IS SERVING AS A CATALYST TO HOST A NATIONAL SUMMIT ON REDESIGNING AMERICA'S LONG TERM CARE SYSTEM. THE BUNDLED PAYMENT PROGRAM WILL BRING DRAMATIC CHANGES TO THE INDUSTRY AND IN ESSENCE SEPARATE SNFS INTO TWO CATERGORIES .....THE PREFERRED PROVIDERS SELECTED BY HOSPITALS AND CARING FOR MEDICARE AND MEDICARE MANAGED CARE PATIENTS, AND THOSE NOT SELECTED WHO WILL ONLY RECEIVE MEDICAID LONG TERM CARE RESIDENTS. BECAUSE MEDICAID IN ALMOST EVERY STATE PAYS LESS THEN THE ACTUAL COST OF PROVIDING CARE. THIS SUMMIT IS BEING HELD TO BRING TOGETHER THE BEST MINDS IN THE INDUSTRY IN AN ATTEMPT TO RECOGNIZE THE MANY WEAKNESS AND COST INEFFICIENT PRACTICES CURRENTLY TAKING PLACE IN OUR SNFS (THE SURVEY PROCESS FOR EXAMPLE). THE NON-PREFERRED SNFS WILL FACE SERIOUS FINANCIAL CONSEQUENCES LEADING TO SIGNIFICANT REDUCTIONS IN THE QUALITY OF CARE. A GRANT FOR EVALUATING THE ABILITY OF CIRCADIAN LIGHT IN LING TERM CARE TO REDUCE SUN DOWN SYNDROME AND IMPROVE PROVIDING CARE IS ALSO BEING SUBMITTED FOR FUNDING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART V, LINE 33
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/Filer/EIN0760752190
ReturnHeader/Filer/PhoneNum04845576980
ReturnHeader/Filer/USAddress/AddressLine1Txt0105 THATCHER COURT
ReturnHeader/Filer/USAddress/CityNm0NORTH WALES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019454
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 WEST BALTIMORE AVE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019063
ReturnHeader/PreparerPersonGrp/PhoneNum06105653930
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY D STRATOTI CPA MST
ReturnHeader/ReturnTs02015-11-12T14:53:43-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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