Civic Intelligence

Healthteamworks

990 • Fiscal year 2020 • EIN 84-1456951

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 24, 2021

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

63rd percentile

0.21x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.13x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$169,596

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

3rd percentile

-33%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$713,806

Down $604,474 (-46%) from 2018

Net Assets

Down

$566,122

Down $561,860 (-50%) from 2018

Liabilities

Down

$147,684

Down $42,614 (-22%) from 2018

Revenue

Down

$1,108,495

Down $2,113,315 (-66%) from 2018

Expenses

Down

$1,376,839

Down $2,610,281 (-65%) from 2018

Net Income

Up

-$268,344

Up $496,966 (+65%) from 2018

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

2020

Assets$713,806
Liabilities$147,684
Net Assets$566,122

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

2020

Revenue$1,108,495
Expenses$1,376,839
Net Income-$268,344
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 24, 2021
Return Version
2020v4.0
Gross Receipts
$1,108,495
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.

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, healthteamworks 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$471,365$371,893▼ $99,472
Cash and Non-Interest-Bearing Accounts$386,469$182,765▼ $203,704
Accounts Receivable$189,217$151,068▼ $38,149
Prepaid Expenses and Deferred Charges$14,818$8,080▼ $6,738
Total Assets$1,061,869$713,806▼ $348,063
Liabilities
Other Liabilities-$100,000-
Deferred Revenue$55,842--
Accounts Payable and Accrued Expenses$171,561$47,684▼ $123,877
Total Liabilities$227,403$147,684▼ $79,719
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$834,466$566,122▼ $268,344
Total Net Assets Fund Balance$834,466$566,122▼ $268,344
Total Liabilities and Net Assets / Fund Balance$1,061,869$713,806▼ $348,063
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Albert J MiuccioCEOFT$157,210$6,500$169,596
Kristi Bohling-dametzCEOFT$149,721$15,132$158,967
Cecilia SaffoldCOOFT$100,790$21,204$121,994

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$967,410
Program Service Revenue
$140,118
Investment Income
$967
Other Revenue
$0
All Other Contributions
$967,410
Change in Net Assets
$-268,344

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,108,495
Total Revenue per Audited Statements
$1,108,495
Total Revenue per Form 990
$1,108,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,117,102
Other Expenses$259,737
Total Fundraising Expense$245,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,790$343,589$145,493$767,872
Current Officers, Directors, Trustees, and Key Employees$62,171$75,435$31,990$169,596
Fees for Services Other$33,404$93,138$3,510$130,052
Other Employee Benefits$36,784$36,875$15,907$89,566
Information Technology$17,624$33,104$28,145$78,873
Payroll Taxes$29,433$29,492$12,723$71,648
Insurance-$21,819-$21,819
Pension Plan Contributions$7,564$7,584$3,272$18,420
Office Expenses$7,410$8,508$2,307$18,225
Occupancy-$6,757-$6,757
Travel$1,680-$721$2,401
Other Expenses-$408$200$608
Conferences and Meetings-$31$116$147
Total Functional Expenses$474,860$656,740$245,239$1,376,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,376,839
Total Expenses per Audited Statements$1,376,839
Total Expenses per Form 990$1,376,839
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$13,874
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Program Loan$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Elizabeth Kraft Md Mhs
Title
Chair
Phone
3034467200
Signed
2021-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Kraft Md Mhs
Formed
1998
Voting Board Members
6
Independent Board Members
6
Employees
14

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3035790513
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Subsequent to filing the form, it was determined that there should be a reclassification of some revenue from program service revenue to contributions. This resulted in the following changes: part 1, line 1 increased by 967,410 part 1, line 2 decreased by 967,410

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, healthteamworks improves quality of care, the patient experience, provider satisfaction, and lowers the total cost of care.

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

Healthteamworks provides expertise through proven performance improvement, organization development, and training services to optimize measurable outcomes, stakeholder experience, thriving businesses and healthy communities. As a national organization, healthteamworks is a convener fostering collaboration, value of investment, and innovative solutions in health and across industries. Healthteamworks is a 501c3 nonprofit collaborative working to redesign the healthcare delivery system and promote integrated communities improving care for vulnerable populations. We engage and activate our clients to generate measurable and sustainable improvements. Past and current engagements include support for over 3,000 practices in large federal models such as national learning and dissemination for cms' comprehensive primary care plus (cpc+) model. Regional statewide projects have included nebraska and colorado (cpc+), colorado's state innovation model (co-sim), transforming clinical practices initiative (tcpi) in colorado, and evidencenow southwest (ensw) in colorado and new mexico. Additional projects focus on strategic planning and performance improvement at the organization and community level.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTI BOHLING-DAMETZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALBERT J MIUCCIO
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALBERT J. MIUCCIO 84,266 0 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 4
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DOUG FOOTE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER/DIRECTO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt013874
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0DOUGLAS FOOTE, BOARD TREASURER AND A DIRECTOR, IS A PARTNER IN THE LAW FIRM OF SPARKMAN + FOOTE, LLP. DURING THE YEAR, THE ORGANIZATION PAID 27,591 FOR LEGAL SERVICES PROVIDED BY THE FIRM. THE BOARD AND MANAGEMENT BELIEVE THAT THESE ARRANGEMENTS ARE IN THE BEST INTEREST OF THE ORGANIZATION, AND WERE EVALUATED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUBSEQUENT TO FILING THE FORM, IT WAS DETERMINED THAT THERE SHOULD BE A RECLASSIFICATION OF SOME REVENUE FROM PROGRAM SERVICE REVENUE TO CONTRIBUTIONS. THIS RESULTED IN THE FOLLOWING CHANGES: PART 1, LINE 1 INCREASED BY 967,410 PART 1, LINE 2 DECREASED BY 967,410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HEALTHTEAMWORKS (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, HEALTHTEAMWORKS IMPROVES QUALITY OF CARE, THE PATIENT EXPERIENCE, PROVIDER SATISFACTION, AND LOWERS THE TOTAL COST OF CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEALTHTEAMWORKS PROVIDES EXPERTISE THROUGH PROVEN PERFORMANCE IMPROVEMENT, ORGANIZATION DEVELOPMENT, AND TRAINING SERVICES TO OPTIMIZE MEASURABLE OUTCOMES, STAKEHOLDER EXPERIENCE, THRIVING BUSINESSES AND HEALTHY COMMUNITIES. AS A NATIONAL ORGANIZATION, HEALTHTEAMWORKS IS A CONVENER FOSTERING COLLABORATION, VALUE OF INVESTMENT, AND INNOVATIVE SOLUTIONS IN HEALTH AND ACROSS INDUSTRIES. HEALTHTEAMWORKS IS A 501C3 NONPROFIT COLLABORATIVE WORKING TO REDESIGN THE HEALTHCARE DELIVERY SYSTEM AND PROMOTE INTEGRATED COMMUNITIES IMPROVING CARE FOR VULNERABLE POPULATIONS. WE ENGAGE AND ACTIVATE OUR CLIENTS TO GENERATE MEASURABLE AND SUSTAINABLE IMPROVEMENTS. PAST AND CURRENT ENGAGEMENTS INCLUDE SUPPORT FOR OVER 3,000 PRACTICES IN LARGE FEDERAL MODELS SUCH AS NATIONAL LEARNING AND DISSEMINATION FOR CMS' COMPREHENSIVE PRIMARY CARE PLUS (CPC+) MODEL. REGIONAL STATEWIDE PROJECTS HAVE INCLUDED NEBRASKA AND COLORADO (CPC+), COLORADO'S STATE INNOVATION MODEL (CO-SIM), TRANSFORMING CLINICAL PRACTICES INITIATIVE (TCPI) IN COLORADO, AND EVIDENCENOW SOUTHWEST (ENSW) IN COLORADO AND NEW MEXICO. ADDITIONAL PROJECTS FOCUS ON STRATEGIC PLANNING AND PERFORMANCE IMPROVEMENT AT THE ORGANIZATION AND COMMUNITY LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND THE FORM 990 ARE AVAILABLE UPON WRITTEN REQUEST, AND ARE MADE AVAILABLE WITHIN 10 WORKING DAYS OF SUCH A REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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