Directtrust Org INC FY2024 filing

Not tax-deductible

Washington, DC501(c)(6)Since 2012Community DevelopmentEIN 46-0537086Revenue $4.5M in FY2024

On file with the IRSdirecttrust.org1629 K St Nw Ste 300, 20006-1631 · Washington, DCTax-exempt since Feb 2013

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100¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $87K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-12% vs prior year
Spent
$4.7M
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$4.5M
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.7M
FY2023$5.1M
FY2024$4.5M
FY2025$4.2M
Expenses
$4.7M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.9M
FY2023$4.0M
FY2024$4.7M
FY2025$4.3M
Net assets
$1.1M
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$537K
FY2021$599K
FY2022$253K
FY2023$1.4M
FY2024$1.1M
FY2025$1000K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President CEO
$352,880Pt VII · Sec A
Chief Operating Officer
$180,000Pt VII · Sec A
Chief Strategy Officer
$177,000Pt VII · Sec A
Commissions Executive Dire
$153,500Pt VII · Sec A
$145,646Pt VII · Sec A
Employee
$133,238Pt VII · Sec A
$114,196Pt VII · Sec A
Director
$0Pt VII · Sec A

Scott Stuewe’s $309K as President CEO is at the 87th percentile of top reported officer pay among 2832 $1–10M community development 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Scott Stuewe$309,240$352,880$310,791$352,339$306,448$336,000
Kelly Gwynn$180,000$180,000————
Kathryn Wickenhauser$180,000————$135,000
Leon Barrett—$153,500$180,000———
Kathryn a Wickenhauser—$177,000$164,333———
Stephen Weiss———$147,800$141,500$144,690
Susan D Clark—$145,646————
Kathryn Ayers Wickenhauser———$138,800$136,500—

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

Enables secure, direct electronic exchange of health information among healthcare providers.

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Provided by the organization

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1 program · $4.7M · in their own filed words · FY2024
01

Continued growth in network end-users of direct exchange including hospitals, medical practices and other health care professional organizations.

$4.7Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$3.7M
Gifts and grantsLn 1h$755K
Other incomeLn 4–11$23K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.7M
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
29
listed · VII A
PaidVII A7
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$755K
Fees for servicesLn 2g$3.7M
Investment incomeLn 3$18K
Other incomeLn 4–11$23K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$73K
InvestmentsLn 11–13$500K
Other assetsLn 15$271K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.0M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 59
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$217K$73K
InvestmentsLn 11–13$446K$500K
Total assetsLn 16$3.6M$3.1M
LiabilitiesLn 26$2.2M$2.0M
Net assetsLn 32$1.4M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.5M$1.5M
Other employee benefitsLn 9$123K$123K
Payroll taxesLn 10$110K$110K
Legal feesLn 11b$119K$119K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$1.5M$1.5M
Advertising and promotionLn 12$242K$242K
Office expensesLn 13$45K$45K
Information technologyLn 14$330K$330K
TravelLn 17$67K$67K
Conferences, conventions and meetingsLn 19$307K$307K
Depreciation, depletion and amortizationLn 22$166K$166K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$69K$69K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$4.7M$4.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$4.3M−$109K$1000K 990 PDF
FY2024 Viewing $4.5M$4.7M−$202K$1.1M 990 PDF
FY2023 $5.1M$4.0M$1.1M$1.4M 990 PDF
FY2022 $1.7M$1.9M−$265K$253K 990 PDF
FY2021 $1.6M$1.5M$30K$599K 990 PDF
FY2020 $1.3M$1.3M−$26K$537K 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 FY2024 990 (6 parts)
Part I · Summary $4,452,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $560,500$754,739
I-9 Program service revenuePrior year $3,293,949$3,656,177
I-10 Investment incomePrior year $15,263$18,237
I-11 Other revenuePrior year $1,214,137$23,495
I-12 Total revenuePrior year $5,083,849$4,452,648
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 $1,223,224$1,705,572
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,765,458$2,949,095
I-18 Total expensesPrior year $3,988,682$4,654,667
I-19 Revenue less expensesPrior year $1,095,167−$202,019
Part VI · Governance 24 of 24 board members independent, 2 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,452,648 across 7 lines filed
VIII-1b Membership dues$536,108
VIII-1f All other contributions, gifts and grants$218,631
VIII-1h Total contributions, gifts and grants$754,739
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,656,177$3,656,177
VIII-3 Investment incomeRelated to mission $18,237$18,237
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,495$23,495
VIII-12 Total revenueRelated to mission $3,697,909 · Unrelated business $0 · Excluded from tax $0$4,452,648
Part IX · Statement of functional expenses $4,654,667 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,472,167$1,472,167
IX-9 Other employee benefitsPrograms $123,027$123,027
IX-10 Payroll taxesPrograms $110,378$110,378
IX-11b Legal feesPrograms $118,997$118,997
IX-11c Accounting feesPrograms $50,488$50,488
IX-11g Other fees for servicesPrograms $1,519,103$1,519,103
IX-12 Advertising and promotionPrograms $242,281$242,281
IX-13 Office expensesPrograms $44,545$44,545
IX-14 Information technologyPrograms $329,975$329,975
IX-17 TravelPrograms $66,837$66,837
IX-19 Conferences, conventions and meetingsPrograms $307,229$307,229
IX-22 Depreciation, depletion and amortizationPrograms $166,251$166,251
IX-23 InsurancePrograms $29,756$29,756
IX-24 Other expenses (24a–d)Programs $68,511$68,511
IX-24e All other expensesPrograms $5,122$5,122
IX-25 Total functional expensesPrograms $4,654,667 · Management $0 · Fundraising $0$4,654,667
Part X · Balance sheet $3,126,902 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $131,485$17,938
X-2 Savings and temporary cash investmentsStart of year $85,244$55,291
X-4 Accounts receivableStart of year $878,559$738,958
X-12 Other securitiesStart of year $445,963$499,888
X-14 Intangible assetsStart of year $1,851,767$1,544,072
X-15 Other assetsStart of year $188,485$270,755
X-16 Total assetsStart of year $3,581,503$3,126,902
X-17 Accounts payable and accrued expensesStart of year $205,548$306,581
X-19 Deferred revenueStart of year $1,977,558$1,700,526
X-26 Total liabilitiesStart of year $2,183,106$2,007,107
X-32 Total net assets or fund balancesStart of year $1,398,397$1,119,795
X-33 Total liabilities and net assetsStart of year $3,581,503$3,126,902
Part XI · Reconciliation of net assets $1,119,795 net assets at year end
XI-1 Total revenue$4,452,648
XI-2 Total expenses$4,654,667
XI-3 Revenue less expenses−$202,019
XI-4 Net assets at start of year$1,398,397
XI-5 Net unrealized gains (losses) on investments$40,963
XI-8 Prior period adjustments−$58,773
XI-9 Other changes in net assets−$58,773
XI-10 Net assets at end of year$1,119,795

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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