Civic Intelligence

Summitone Enterprises Inc.

990EZ • Fiscal year 2023 • EIN 92-2864082

Mar 03, 2023 to Dec 31, 2023 • Filed on Sep 10, 2024

PO Box 26666Albuquerque, NM 87125-6666

(505) 923-6101

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

2023 filings • NTEE E • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

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.

$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Mar 3, 2023 to Dec 31, 2023
Signed
Sep 10, 2024
Return Version
2023v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

To engage in activities as may be necessary or desirable to support the delivery of health care services to the public.

Program Services

DescriptionGrantsExpenses
(CONTINUED ON SCHEDULE O)$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DALE MAXWELLPresident & CEO / Director-$0--
CLAY HOLDERMANPresident / Director (Term: 11/28/2023)-$0--
JAMES NOBLETreasurer / Director-$0--
RYAN BURTSecretary / Director-$0--
NORMAN BECKERDirector (Term: 11/28/2023)-$0--
KIRBY JEFFERSONDirector (Term: 11/28/2023)-$0--
TERRI KLINEDirector (Term: 11/28/2023)-$0--
BRAD BRODYDirector-$0--
BRENDA CLANCYDirector (Term: 11/28/2023)-$0--
JOHN TAETSDirector (Term: 11/28/2023)-$0--
Filing and Contact Details

Filer

Filer Name
Summitone Enterprises Inc
EIN
92-2864082
Phone
5059236101
Address
PO Box 26666, Albuquerque, NM 87125-6666

Signing Officer

Name
Dale C Maxwell
Title
President & CEO
Phone
5059236333
Signed
2024-09-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

To engage in activities as may be necessary or desirable to support the delivery of health care services to the public.

Form 990-EZ, Part V, Line 34 Changes to governing documents

The bylaws and certificate of incorporation were amended and restated on november 28, 2023, to recognize the failure to consummate the proposed merger between presbyterian healthcare services and unitypoint health. Material revisions include: 1) deleted support for unitypoint health from the purposes and powers of the corporation; 2) removed the unitypoint health category of directors and the presbyterian healthcare services category of directors and the provisions that empowered unitypoint health to appoint and remove its directors and presbyterian healthcare services to appoint and remove its directors; and 3) combined the corporate officer positions of the president and the ceo into one position of president/ceo.

Part III, Line 28 Program Service Accomplishment

Summitone enterprises was created to provide system service support in anticipation of a merger between presbyterian healthcare services and unitypoint health. This merger was never consummated and summitone did not provide support services in the 2023 tax year. Phs has chosen to retain summitone to support future strategic activities.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & CEO / DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENGAGE IN ACTIVITIES AS MAY BE NECESSARY OR DESIRABLE TO SUPPORT THE DELIVERY OF HEALTH CARE SERVICES TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS AND CERTIFICATE OF INCORPORATION WERE AMENDED AND RESTATED ON NOVEMBER 28, 2023, TO RECOGNIZE THE FAILURE TO CONSUMMATE THE PROPOSED MERGER BETWEEN PRESBYTERIAN HEALTHCARE SERVICES AND UNITYPOINT HEALTH. MATERIAL REVISIONS INCLUDE: 1) DELETED SUPPORT FOR UNITYPOINT HEALTH FROM THE PURPOSES AND POWERS OF THE CORPORATION; 2) REMOVED THE UNITYPOINT HEALTH CATEGORY OF DIRECTORS AND THE PRESBYTERIAN HEALTHCARE SERVICES CATEGORY OF DIRECTORS AND THE PROVISIONS THAT EMPOWERED UNITYPOINT HEALTH TO APPOINT AND REMOVE ITS DIRECTORS AND PRESBYTERIAN HEALTHCARE SERVICES TO APPOINT AND REMOVE ITS DIRECTORS; AND 3) COMBINED THE CORPORATE OFFICER POSITIONS OF THE PRESIDENT AND THE CEO INTO ONE POSITION OF PRESIDENT/CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUMMITONE ENTERPRISES WAS CREATED TO PROVIDE SYSTEM SERVICE SUPPORT IN ANTICIPATION OF A MERGER BETWEEN PRESBYTERIAN HEALTHCARE SERVICES AND UNITYPOINT HEALTH. THIS MERGER WAS NEVER CONSUMMATED AND SUMMITONE DID NOT PROVIDE SUPPORT SERVICES IN THE 2023 TAX YEAR. PHS HAS CHOSEN TO RETAIN SUMMITONE TO SUPPORT FUTURE STRATEGIC ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part V, Line 34 Changes to governing documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III, LINE 28 PROGRAM SERVICE ACCOMPLISHMENT
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DALE C MAXWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05059236333
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Summitone Enterprises Inc
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0922864082
ReturnHeader/Filer/PhoneNum05059236101
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 26666
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd0871256666
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-09-10T16:00:23+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-03-03
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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