Civic Intelligence

Healthteamworks

990 • Fiscal year 2015 • EIN 84-1456951

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 04, 2016

14143 Denver West Parkway Suite 100Golden, CO 80401

(303) 446-7200

Siviq Scores

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

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

90th percentile

42%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$142,488

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

95th percentile

104%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

107%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

$3,303,871

No earlier filing loaded for comparison.

Net Assets

$2,973,341

No earlier filing loaded for comparison.

Liabilities

$330,530

No earlier filing loaded for comparison.

Revenue

$4,576,687

No earlier filing loaded for comparison.

Expenses

$2,648,848

No earlier filing loaded for comparison.

Net Income

$1,927,839

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $3,303,871Liabilities 2015: $330,530Net Assets 2015: $2,973,3412015Assets 2017: $2,214,098Liabilities 2017: $320,806Net Assets 2017: $1,893,2922017Assets 2018: $1,318,280Liabilities 2018: $190,298Net Assets 2018: $1,127,9822018Assets 2020: $713,806Liabilities 2020: $147,684Net Assets 2020: $566,1222020Assets 2022: $670,666Liabilities 2022: $98,211Net Assets 2022: $572,4552022Assets 2024: $957,652Liabilities 2024: $116,148Net Assets 2024: $841,5042024

Highlighted filing

2015

Assets$3,303,871
Liabilities$330,530
Net Assets$2,973,341

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $4,576,687Expenses 2015: $2,648,848Net Income 2015: $1,927,8392015Revenue 2017: $2,542,064Expenses 2017: $3,473,731Net Income 2017: -$931,6672017Revenue 2018: $3,221,810Expenses 2018: $3,987,120Net Income 2018: -$765,3102018Revenue 2020: $1,108,495Expenses 2020: $1,376,839Net Income 2020: -$268,3442020Revenue 2022: $677,920Expenses 2022: $1,132,423Net Income 2022: -$454,5032022Revenue 2024: $2,215,445Expenses 2024: $1,853,548Net Income 2024: $361,8972024

Highlighted filing

2015

Revenue$4,576,687
Expenses$2,648,848
Net Income$1,927,839
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 4, 2016
Return Version
2015v2.1
Gross Receipts
$4,576,687
Mission and Program Overview

Mission

Healthteamworks (organization, a national nonprofit organization, is focused on realizing the vision of a healthcare delivery system comprised of patient-centered communities of care. Leveraging deep clinical experience, evidence-based medicine and advanced quality improvement methodologies, the organization provides innovative solutions for healthcare providers and other stakeholders. Through these solutions, improves quality of care, the patient experience, provider satisfaction, and lowers the total cost of care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$416,580$1,556,932▲ $1,140,352
Savings and Temporary Cash Investments$511,669$1,463,169▲ $951,500
Accounts Receivable$194,852$175,676▼ $19,176
Prepaid Expenses and Deferred Charges$43,501$52,131▲ $8,630
Cash and Non-Interest-Bearing Accounts$430,010$40,636▼ $389,374
Land, Buildings, and Equipment, Net$20,043$15,327▼ $4,716
Total Assets$1,616,655$3,303,871▲ $1,687,216
Liabilities
Accounts Payable and Accrued Expenses$386,110$285,678▼ $100,432
Deferred Revenue$165,000$29,525▼ $135,475
Other Liabilities$20,043$15,327▼ $4,716
Total Liabilities$571,153$330,530▼ $240,623
Net Assets / Fund Balance
Temporarily Rstr Net Assets$288,093$1,926,193▲ $1,638,100
Unrestricted Net Assets$757,409$1,047,148▲ $289,739
Total Net Assets Fund Balance$1,045,502$2,973,341▲ $1,927,839
Total Liabilities and Net Assets / Fund Balance$1,616,655$3,303,871▲ $1,687,216

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,327$7,913$23,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marjie HarbrechtCEO 1st HalfFT$142,488$142,488
Albert J MiuccioCEOFT$122,056$122,056
Revenue and Support

Revenue Composition

Contributions and Grants
$3,686,580
Program Service Revenue
$887,852
Investment Income
$2,249
Other Revenue
$6
All Other Contributions
$3,535,403
Change in Net Assets
$1,927,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,576,687
Total Revenue per Audited Statements
$4,576,687
Total Revenue per Form 990
$4,576,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,660,325
Other Expenses$749,752
Total Fundraising Expense$352,474
Grants and Similar Amounts Paid$238,771
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$513,993$532,469$124,200$1,170,662
Fees for Services Other$68,568$101,816$126,493$296,877
Current Officers, Directors, Trustees, and Key Employees$119,044$119,045$26,455$264,544
Grants to Domestic Orgs$238,771--$238,771
Information Technology$21,042$81,943$30,623$133,608
Payroll Taxes$56,066$54,174$6,228$116,468
Other Employee Benefits$48,283$45,607$5,255$99,145
Travel$35,486$13,851$11,509$60,846
Conferences and Meetings$20,158$8,322$20,300$48,780
Office Expenses$10,286$11,933$372$22,591
Other Expenses$1,291$20,000$535$20,000
Insurance-$18,182-$18,182
Occupancy-$17,216-$17,216
Fees for Services Legal$1,636$12,000-$13,636
All Other Expenses$10,750$2,082-$12,832
Pension Plan Contributions$4,629$4,373$504$9,506
Fees for Services Accounting-$7,750-$7,750
Depreciation Depletion-$4,716-$4,716
Interest-$420-$420
Total Functional Expenses$1,193,861$1,102,513$352,474$2,648,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,648,848
Total Expenses per Audited Statements$2,648,848
Total Expenses per Form 990$2,648,848
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grantees1---$238,771
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Doug Foote-Legal ServicesNo$13,646
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$15,327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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

The finance director works with the external financial consultant to review the form 990. The form is then made available to the board executive committee members prior to filing for their review.

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

All new board members receive a board orientation that fully explains the roles and responsibilities of each member. The board chair regularly makes inquiry of any potential conflicts of interest with each board member.

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

The executive committe and the finance director work together to secure non profit salary survey information from a variety of non profit sources, along with other sector trend and agency data as available, to develop a salary range for executive, management, and staff salaries. This data is presented to the board compensation committee for review. Once the compensation committee has approved the salary, the information is presented to the full board for their approval.

Form 990, Page 6, Part VI, Line 19

Governing documents and the form 990 are available upon written request, and are made available within 10 working days of such a request.

Filing and Contact Details

Filer

Filer Name
Healthteamworks
EIN
84-1456951
Phone
3034467200
Address
14143 DENVER WEST PARKWAY SUITE 100, GOLDEN, CO 80401

Signing Officer

Name
David Ehrenberger Md
Title
President
Phone
3034467200
Signed
2016-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Ehrenberger Md
Formed
1998
Voting Board Members
20
Independent Board Members
20
Employees
21

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane K Granger
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Healthteamworks (organization, a national nonprofit organization, is focused on realizing the vision of a healthcare delivery system comprised of patient-centered communities of care. Leveraging deep clinical experience, evidence-based medicine and advanced quality improvement methodologies, the organization provides innovative solutions for healthcare providers and other stakeholders. Through these solutions, improves quality of care, the patient experience, provider satisfaction, and lowers the total cost of care.

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

In colorado and across the nation through state and federally-funded programs including cpci (comprehensive primary care initiative), bc3 (better care, better costs, better colorado), tcpi (transforming clinical practice initiative), ensw (evidence now southwest), colorado sim (state innovation model) and delaware sim. We also provide innovative workforce development training to prepare healthcare professionals to succeed in the advanced primary care arena. We launched healthteamworks performance improvement facilitator training in 2010 and it has evolved into a nationally-recognized program. We have trained more than 200 practice facilitators in denver, colorado as well as bringing the curriculum to client locations. In 2016, we introduced an advanced medical assistant training, and we are currently developing curriculum for an advanced practice manager training as well. Beginning in 2015, we are leveraging that expertise and look beyond the individual practice toward integrated delivery networks to provide services which ease the transition from fee-for-service to value-based payment models. We are piloting two new service offerings in this area: our value-driven integration evaluation and financial performance optimization. These new product launches are strategically designed to take transformation beyond the practice and to reimagine healthcare at the network and community level. Healthteamworks current reach: 11 states, 427 practices, 3,000 providers, 3.45 million patients

Form 990, Part IX, Line 11G

Organizational consultants 2,044 86,549 123,907 program consultants 66,524 0 2,586 professional fees 0 15,267 0

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IRS990/Desc0HEALTHTEAMWORKS IS A NONPROFIT, MULTI-STAKEHOLDER COLLABORATIVE WORKING TO REDESIGN THE HEALTHCARE DELIVERY SYSTEM AND PROMOTE INTEGRATED COMMUNITIES OF CARE. OUR GOALS ARE TO OPTIMIZE HEALTH, IMPROVE QUALITY AND SAFETY, REDUCE COSTS, AND IMPROVE THE CARE EXPERIENCE FOR PATIENTS AND THEIR HEALTHCARE TEAMS. WE DRIVE MEASURABLE IMPROVEMENTS IN HEALTHCARE DELIVERY THROUGH DEEP CLIENT COLLABORATION AND ENGAGEMENT AND PARTNER WITH PRACTICES, PHYSICIAN GROUPS, INTEGRATED CLINICAL NETWORKS AND PAYERS TO PROVIDE THE SERVICES, TOOLS AND TRAINING TO ACHIEVE THE QUADRUPLE AIM AND SUCCEED IN A VALUE-BASED ENVIRONMENT. WE CURRENTLY DELIVER PRACTICE TRANSFORMATION SERVICES TO OVER 200 PRACTICES IN COLORADO AND ACROSS THE NATION THROUGH STATE AND FEDERALLY-FUNDED PROGRAMS INCLUDING CPCI (COMPREHENSIVE PRIMARY CARE INITIATIVE), BC3 (BETTER CARE, BETTER COSTS, BETTER COLORADO), TCPI (TRANSFORMING CLINICAL PRACTICE INITIATIVE), ENSW (EVIDENCE NOW SOUTHWEST), COLORADO SIM (STATE INNOVATION MODEL) AND DELAWARE SIM. WE ALSO PROVIDE INNOVATIVE WORKFORCE DEVELOPMENT TRAINING TO PREPARE HEALTHCARE PROFESSIONALS TO SUCCEED IN THE ADVANCED PRIMARY CARE ARENA. WE LAUNCHED HEALTHTEAMWORKS PERFORMANCE IMPROVEMENT FACILITATOR TRAINING IN 2010 AND IT HAS EVOLVED INTO A NATIONALLY-RECOGNIZED PROGRAM. WE HAVE TRAINED MORE THAN 200 PRACTICE FACILITATORS IN DENVER, COLORADO AS WELL AS BRINGING THE CURRICULUM TO CLIENT LOCATIONS. IN 2016, WE INTRODUCED AN ADVANCED MEDICAL ASSISTANT TRAINING, AND WE ARE CURRENTLY DEVELOPING CURRICULUM FOR AN ADVANCED PRACTICE MANAGER TRAINING AS WELL. BEGINNING IN 2015, WE ARE LEVERAGING THAT EXPERTISE AND LOOK BEYOND THE INDIVIDUAL PRACTICE TOWARD INTEGRATED DELIVERY NETWORKS TO PROVIDE SERVICES WHICH EASE THE TRANSITION FROM FEE-FOR-SERVICE TO VALUE-BASED PAYMENT MODELS. WE ARE PILOTING TWO NEW SERVICE OFFERINGS IN THIS AREA: OUR VALUE-DRIVEN INTEGRATION EVALUATION AND FINANCIAL PERFORMANCE OPTIMIZATION. THESE NEW PRODUCT LAUNCHES ARE STRATEGICALLY DESIGNED TO TAKE TRANSFORMATION BEYOND THE PRACTICE AND TO REIMAGINE HEALTHCARE AT THE NETWORK AND COMMUNITY LEVEL. HEALTHTEAMWORKS CURRENT REACH: 11 STATES, 427 PRACTICES, 3,000 PROVIDERS, 3.45 MILLION PATIENTS
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