Civic Intelligence

Healthshare Connection

990 • Fiscal year 2021 • EIN 85-2438856

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

7000 Parkwood Blvd Ste G400Frisco, TX 75034

(725) 222-4552

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

58th percentile

15%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Assets

$33,615

No earlier filing loaded for comparison.

Net Assets

$33,615

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$167,414

No earlier filing loaded for comparison.

Expenses

$142,864

No earlier filing loaded for comparison.

Net Income

$24,550

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.

$200K$150K$100K$50K$0Assets 2021: $33,615Liabilities 2021: $0Net Assets 2021: $33,6152021Assets 2022: $177,165Liabilities 2022: $0Net Assets 2022: $177,1652022

Highlighted filing

2021

Assets$33,615
Liabilities$0
Net Assets$33,615

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2021: $167,414Expenses 2021: $142,864Net Income 2021: $24,5502021Revenue 2022: $371,661Expenses 2022: $228,111Net Income 2022: $143,5502022

Highlighted filing

2021

Revenue$167,414
Expenses$142,864
Net Income$24,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$167,414
Mission and Program Overview

Mission

Healthshare connections was established to provide a low cost way for people to share their medical expenses. Ninety percent (90%) of all of the donations accepted will go towards medical expenses for our members. Healthshare connection has limited it's expenses to ten (10) percent of the membership dues collected. These fees will help cover network and administration fees for the medical expense sharing programs. These fees will also help cover the cost of administering the expense payments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,065$33,615▲ $24,550
Total Assets$9,065$33,615▲ $24,550
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,065$33,615▲ $24,550
Total Net Assets Fund Balance$9,065$33,615▲ $24,550
Total Liabilities and Net Assets / Fund Balance$9,065$33,615▲ $24,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas ColeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$167,414
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$141,518--$141,518
Office Expenses$1,346--$1,346
Total Functional Expenses$142,864$0$0$142,864
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

Thomas cole sheryl cole director director ex spouse

Form 990, Page 6, Part VI, Line 11B

Tom cole, who is a director, reviewed the form 990

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Healthshare Connection
EIN
85-2438856
Phone
7252224552
Address
7000 PARKWOOD BLVD STE G400, FRISCO, TX 75034

Signing Officer

Name
Thomas Cole
Title
Director
Phone
7252224552
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Cole
Formed
2020
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Savage Esplin & Radmall Pc
Address
20 N MAIN ST STE 402, ST GEORGE, UT 84770
Preparer
Grayson Tracy CPA
Phone
4356736195
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Healthshare connections was established to provide a low cost way for people to share their medical expenses. Ninety percent (90%) of all of the donations accepted will go towards medical expenses for our members. Healthshare connection has limited it's expenses to ten (10) percent of the membership dues collected. These fees will help cover network and administration fees for the medical expense sharing programs. These fees will also help cover the cost of administering the expense payments.

Form 990, Part IX, Line 11G

Servicing payments 141,518 0 0

Raw XML Appendix227 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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IRS990/ActivityOrMissionDesc0HEALTHSHARE CONNECTIONS WAS ESTABLISHED TO PROVIDE A LOW COST WAY FOR PEOPLE TO SHARE THEIR MEDICAL EXPENSES. NINETY PERCENT (90%) OF ALL OF THE DONATIONS ACCEPTED WILL GO TOWARDS MEDICAL EXPENSES FOR OUR MEMBERS. HEALTHSHARE CONNECTION HAS LIMITED IT'S EXPENSES TO TEN (10) PERCENT OF THE MEMBERSHIP DUES COLLECTED. THESE FEES WILL HELP COVER NETWORK AND ADMINISTRATION FEES FOR THE MEDICAL EXPENSE SHARING PROGRAMS. THESE FEES WILL ALSO HELP COVER THE COST OF ADMINISTERING THE EXPENSE PAYMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HEALTHSHARE CONNECTIONS WAS ESTABLISHED TO PROVIDE A LOW COST WAY FOR PEOPLE TO SHARE THEIR MEDICAL EXPENSES. NINETY PERCENT (90%) OF ALL OF THE DONATIONS ACCEPTED WILL GO TOWARDS MEDICAL EXPENSES FOR OUR MEMBERS. HEALTHSHARE CONNECTION HAS LIMITED IT'S EXPENSES TO TEN (10) PERCENT OF THE MEMBERSHIP DUES COLLECTED. THESE FEES WILL HELP COVER NETWORK AND ADMINISTRATION FEES FOR THE MEDICAL EXPENSE SHARING PROGRAMS. THESE FEES WILL ALSO HELP COVER THE COST OF ADMINISTERING THE EXPENSE PAYMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THOMAS COLE SHERYL COLE DIRECTOR DIRECTOR EX SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TOM COLE, WHO IS A DIRECTOR, REVIEWED THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SERVICING PAYMENTS 141,518 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02022-11-15T12:19:14-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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