Quality Health Network FY2020 filing

Tax-deductible

Grand Jct, CO501(c)(3)Health CareEIN 20-1632384Revenue $6.5M in FY2020

On file with the IRS2768 Compass Dr Ste 200, 81506-8773 · Grand Jct, COTax-exempt since Dec 2005Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$911K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $319K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$911K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $80K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$978K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 10 voting members
Fine: 5 of 10 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
Spent
$5.1M
To programs
85%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$6.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$7.3M
FY2022$5.3M
FY2023$5.8M
FY2024$5.6M
Expenses
$5.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$6.0M
FY2022$6.1M
FY2023$6.8M
FY2024$4.7M
Net assets
$7.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$8.9M
FY2022$8.1M
FY2023$7.1M
FY2024$837K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.4M Management & general 11% · $551K Fundraising 4% · $202K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $911K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$261,746Pt VII · Sec A
Chief Technology Officer
$178,618Pt VII · Sec A
Chief Project Management O
$169,498Pt VII · Sec A
Chief Financial Officer
$167,300Pt VII · Sec A
Director of External Affairs
$133,462Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marc Lassaux - CEO Executive’s $413K as Director Then Director is at the 95th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marc Lassaux - CEO Executive$413,177————
Richard Warner - Chief Mgmt$302,642————
Marc T Lassaux—$273,109$289,027$180,915$178,618
Richard Thompson—$108,962$177,174$262,585$261,746
Jackie Sievers$220,357$164,428$118,542——
Richard Warner—$192,118$160,940$147,885$169,498
Justin Aubert——$107,928$177,595$167,300
Brian Hollingsworth$170,287$131,789$115,533——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves healthcare quality and efficiency for Western Colorado residents through health information exchange.

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Provided by the organization

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3 programs · $4.3M · in their own filed words · FY2020
01

Clinical Data Acquisition,aggregation and Delivery

Quality Health Network (QHN) utilizes a secure HIE network as the foundation for the services provided to health organizations and providers to support the Quadruple Aim in Healthcare - improving patient outcomes, improving the physician experience, improving patient experience and reducing the cost of healthcare for all.

$2.6Mprogram expense
02

Clinical ImprovementPopulation Health Management and Chronic Disease Management: While the chronically ill comprise a relatively small percentage of the total population, they historically account for a large percentage of the healthcare delivery systems resources and associated expenses.

$1.2Mprogram expense
03

Indigent Care Support In QHN's medical trade area, the estimated underserved (uninsured or underinsured) population approaches 30 percent. This population tends to be transitory in nature, as the area attracts many seasonal & short-term workers in the farming, service, and recreational industries.

$483Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$80K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Fees for servicesLn 2g$5.6M
Gifts and grantsLn 1h$864K
Investment incomeLn 3$23K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.4M
Managementcol C$551K
Fundraisingcol D$202K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.3M
Total assetsLn 16$8.7M
LiabilitiesLn 26$978K
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$864K
Government grantsLn 1e$444K
Fees for servicesLn 2g$5.6M
Investment incomeLn 3$23K
Gains on assetsLn 7−$40K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$7.3M
Cash and savings togetherLn 1–2$7.3M
InvestmentsLn 11–13$613K
Other assetsLn 15$48K
Total assetsLn 16$8.7M
LiabilitiesLn 26$978K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 532
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$5.9M$7.3M
InvestmentsLn 11–13$456K$613K
Total assetsLn 16$7.0M$8.7M
LiabilitiesLn 26$676K$978K
Net assetsLn 32$6.3M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$990K$841K$99K$49K
Other salaries and wagesLn 7$1.6M$1.3M$156K$78K
Pension plan contributionsLn 8$181K$154K$18K$9K
Other employee benefitsLn 9$503K$428K$50K$25K
Payroll taxesLn 10$126K$107K$13K$6K
Legal feesLn 11b$188K$134K$50K$4K
Accounting feesLn 11c$61K$44K$16K$1K
Other fees for servicesLn 11g$1K$800$299$23
Advertising and promotionLn 12$36K$29K$4K$4K
Office expensesLn 13$89K$76K$9K$4K
Information technologyLn 14$11K$9K$1K$540
OccupancyLn 16$109K$93K$11K$5K
TravelLn 17$10K$8K$2K$524
Conferences, conventions and meetingsLn 19$9K$6K$3K$186
InsuranceLn 23$69K$59K$7K$3K
Other expenses (24a–d)Ln 24$1.2M$1.1M$88K$10K
All other expensesLn 24e$48K$25K$23K$335
Total functional expensesLn 25$5.1M$4.4M$551K$202K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.6M$4.7M$837K$837K 990 PDF
FY2023 $5.8M$6.8M−$1.0M$7.1M 990 PDF
FY2022 $5.3M$6.1M−$807K$8.1M 990 PDF
FY2021 $7.3M$6.0M$1.3M$8.9M 990 PDF
FY2020 Viewing $6.5M$5.1M$1.3M$7.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,489,163 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $420,000$864,346
I-9 Program service revenuePrior year $4,850,421$5,641,937
I-10 Investment incomePrior year $83,445−$17,120
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,353,866$6,489,163
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,065,308$3,358,416
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,593,424$1,786,857
I-18 Total expensesPrior year $4,658,732$5,145,273
I-19 Revenue less expensesPrior year $695,134$1,343,890
Part VI · Governance 5 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,489,163 across 7 lines filed
VIII-1d Related organizations$420,000
VIII-1e Government grants$444,346
VIII-1h Total contributions, gifts and grants$864,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,641,937$5,641,937
VIII-3 Investment incomeExcluded from tax $22,997$22,997
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$40,117−$40,117
VIII-12 Total revenueRelated to mission $5,641,937 · Unrelated business $0 · Excluded from tax −$17,120$6,489,163
Part IX · Statement of functional expenses $5,145,273 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $841,203 · Management $98,965 · Fundraising $49,483$989,651
IX-7 Other salaries and wagesPrograms $1,325,211 · Management $155,907 · Fundraising $77,954$1,559,072
IX-8 Pension plan contributionsPrograms $153,504 · Management $18,059 · Fundraising $9,030$180,593
IX-9 Other employee benefitsPrograms $427,871 · Management $50,338 · Fundraising $25,168$503,377
IX-10 Payroll taxesPrograms $106,865 · Management $12,572 · Fundraising $6,286$125,723
IX-11b Legal feesPrograms $133,952 · Management $49,980 · Fundraising $3,801$187,733
IX-11c Accounting feesPrograms $43,576 · Management $16,259 · Fundraising $1,237$61,072
IX-11g Other fees for servicesPrograms $800 · Management $299 · Fundraising $23$1,122
IX-12 Advertising and promotionPrograms $28,986 · Management $3,623 · Fundraising $3,623$36,232
IX-13 Office expensesPrograms $75,663 · Management $8,901 · Fundraising $4,450$89,014
IX-14 Information technologyPrograms $9,332 · Management $1,145 · Fundraising $540$11,017
IX-16 OccupancyPrograms $92,647 · Management $10,900 · Fundraising $5,450$108,997
IX-17 TravelPrograms $7,859 · Management $2,096 · Fundraising $524$10,479
IX-19 Conferences, conventions and meetingsPrograms $5,512 · Management $2,867 · Fundraising $186$8,565
IX-23 InsurancePrograms $59,069 · Management $6,949 · Fundraising $3,475$69,493
IX-24 Other expenses (24a–d)Programs $1,056,342 · Management $88,440 · Fundraising $9,979$1,154,761
IX-24e All other expensesPrograms $24,802 · Management $23,235 · Fundraising $335$48,372
IX-25 Total functional expensesPrograms $4,393,194 · Management $550,535 · Fundraising $201,544$5,145,273
Part X · Balance sheet $8,651,809 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $59,083$0
X-2 Savings and temporary cash investmentsStart of year $5,876,386$7,305,769
X-4 Accounts receivableStart of year $574,037$685,404
X-12 Other securitiesStart of year $456,500$612,883
X-15 Other assetsStart of year $40,590$47,753
X-16 Total assetsStart of year $7,006,596$8,651,809
X-17 Accounts payable and accrued expensesStart of year $57,984$251,794
X-19 Deferred revenueStart of year $13,779$13,858
X-25 Other liabilitiesStart of year $604,516$711,950
X-26 Total liabilitiesStart of year $676,279$977,602
X-27 Net assets without donor restrictionsStart of year $6,330,317$7,674,207
X-32 Total net assets or fund balancesStart of year $6,330,317$7,674,207
X-33 Total liabilities and net assetsStart of year $7,006,596$8,651,809
Part XI · Reconciliation of net assets $7,674,207 net assets at year end
XI-1 Total revenue$6,489,163
XI-2 Total expenses$5,145,273
XI-3 Revenue less expenses$1,343,890
XI-4 Net assets at start of year$6,330,317
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,674,207

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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