Centralized Credentials FY2020 filing

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Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers credentialing services to healthcare providers, ensuring timely and cost-effective solutions. For fiscal year 2020 it reported $964K in revenue, $897K in expenses, and $1.1M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Richmond, VA
Website
www.ccvsinc.com
Filings
5 on file (2020–2020)
Revenue
$964KFY2020
Expenses
$897K
Net assets
$1.1M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-2004980 Unknown exempt organization Richmond, VA
Form 990 (PDF)
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Size
<$100K
What they do
Offers credentialing services to healthcare providers, ensuring timely and cost-effective solutions.
Leadership
Eric Freeman MD · President
Money in and out
$964K revenue, $897K expenses
Bottom line
+7% surplus margin
Reported financial activity · FY2020
Total revenue
$964K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$964K
FY2020
Expenses
$897K
FY2020
Total assets
$1.3M
FY2020
Total liabilities
$211K
FY2020
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentralized Credentials
EINHdr · item D54-2004980
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.ccvsinc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Centralized Credentials executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

To provide centralized credentialing primarily to statewide organizations

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$957K · 99%
Investment income$6K · 1%
Program service revenue99%$957K
Investment income1%$6K
Other revenue$786
Total revenueLn 12$964K

Balance Sheet

Part X · end of year
CashLn 1$692K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$211K
Total net assetsLn 32$1.1M
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $897K
14.3 months
Where the money goes
Program services
Program services — · Total expenses $897K
Management & General
Management & general — · Total expenses $897K
Fundraising
Fundraising — · Total expenses $897K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $964K
0%
Government reliance
Government grants — · Total revenue $964K
Earned-income share
Program service revenue $957K · Total revenue $964K
99%
Investment reliance
Investment income $6K · Total revenue $964K
+0.7%
Program self-sufficiency
Program service revenue $957K · Total expenses $897K
107%
Growth & trend
Revenue growth (YoY)
This year $964K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $964K · Expenses $897K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.1M · Total assets $1.3M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $374K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
29%
People & payroll
Highest Reported Total Compensation
Individual Eric Freeman MD · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $897K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $525K · Total expenses $897K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Investment management fee ratio 0.3%
Legal fee ratio 0.2%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$20K revenue · ⤓ 990 PDF
FY2023$18K revenue · ⤓ 990 PDF
FY2022$312K revenue · ⤓ 990 PDF
FY2021$791K revenue · ⤓ 990 PDF
FY2020$964K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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