Civic Intelligence

Healthteamworks

990 • Fiscal year 2017 • EIN 84-1456951

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 17, 2018

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

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.13x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$277,199

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

$2,214,098

No earlier filing loaded for comparison.

Net Assets

$1,893,292

No earlier filing loaded for comparison.

Liabilities

$320,806

No earlier filing loaded for comparison.

Revenue

$2,542,064

No earlier filing loaded for comparison.

Expenses

$3,473,731

No earlier filing loaded for comparison.

Net Income

-$931,667

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.

$3.0M$2.0M$1.0M$0Assets 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

2017

Assets$2,214,098
Liabilities$320,806
Net Assets$1,893,292

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 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

2017

Revenue$2,542,064
Expenses$3,473,731
Net Income-$931,667
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 17, 2018
Return Version
2017v2.3
Gross Receipts
$2,542,064
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
Savings and Temporary Cash Investments$772,934$830,981▲ $58,047
Pledges and Grants Receivable$840,000$823,330▼ $16,670
Accounts Receivable$532,926--
Cash and Non-Interest-Bearing Accounts$992,811$523,626▼ $469,185
Prepaid Expenses and Deferred Charges$57,971$36,161▼ $21,810
Land, Buildings, and Equipment, Net$10,611--
Total Assets$3,207,253$2,214,098▼ $993,155
Liabilities
Accounts Payable and Accrued Expenses$327,326$311,582▼ $15,744
Other Liabilities$10,611--
Deferred Revenue$44,357$9,224▼ $35,133
Total Liabilities$382,294$320,806▼ $61,488
Net Assets / Fund Balance
Unrestricted Net Assets$1,079,336$1,210,760▲ $131,424
Temporarily Rstr Net Assets$1,745,623$682,532▼ $1,063,091
Total Net Assets Fund Balance$2,824,959$1,893,292▼ $931,667
Total Liabilities and Net Assets / Fund Balance$3,207,253$2,214,098▼ $993,155
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Albert J MiuccioCEOFT$242,137$35,062$277,199
Krista Bohling-demetzChief StrateFT$127,765$10,823$138,588
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,540,705
Investment Income
$1,359
Other Revenue
$0
Change in Net Assets
$-931,667

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,542,064
Total Revenue per Audited Statements
$2,542,064
Total Revenue per Form 990
$2,542,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,370,319
Other Expenses$1,088,959
Total Fundraising Expense$775,479
Grants and Similar Amounts Paid$14,453
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$560,956$749,178$441,112$1,751,246
Fees for Services Other$257,203$236,277$75,056$568,536
Current Officers, Directors, Trustees, and Key Employees$77,751$103,392$60,994$242,137
Other Employee Benefits$88,793$84,456$55,010$228,259
Information Technology$12,963$81,669$54,989$149,621
Payroll Taxes$57,554$55,267$35,856$148,677
Travel$35,381$49,186$38,506$123,073
Office Expenses$15,888$48,446$9,259$73,593
Fees for Services Legal-$54,327-$54,327
Conferences and Meetings$22,801$6,058$3,978$32,837
Occupancy$44$22,701-$22,745
Insurance-$19,629-$19,629
Grants to Domestic Orgs$14,453--$14,453
Interest-$7,919-$7,919
Fees for Services Accounting-$7,640-$7,640
Other Expenses$1,853$1,471$719$1,853
Depreciation Depletion-$1,179-$1,179
Total Functional Expenses$1,159,932$1,538,320$775,479$3,473,731

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,473,731
Total Expenses per Audited Statements$3,473,731
Total Expenses per Form 990$3,473,731
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Colorado Institute Family MedicineAurora, CO501c3Residency Practices$14,453
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 FooteOfficer/directoLegal ServicesNo$54,327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 contracted chief financial officer reviews the form 990 with the board treasurer. The form is then provided to the board for review prior to filing. A copy of the form 990 "as filed" is distributed to each board member.

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 committee secures nonprofit 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 the ceo. This data is evaluated by the executive committee and adjustments are approved by the committee as necessary.

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
Thomas Dameron
Title
Chair
Phone
3034467200
Signed
2018-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Dameron
Formed
1998
Voting Board Members
17
Independent Board Members
17
Employees
24

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
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

Federally-funded programs including cpc+ (comprehensive primary care initiative), 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.

Form 990, Part IX, Line 11G

Organizational consultants 828 164,654 0 program consultants 220,697 57,141 54,294 professional fees 10,018 14,482 20,762 program delivery 25,660 0 0 total 257,203 236,277 75,056

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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COLORADO INSTITUTE FAMILY MEDICINE
IRS990ScheduleI/RecipientTable/RecipientEIN0208367897
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt012631 E 17TH AVENUE
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