Community Econsult Network INC FY2024 filing

Tax-deductible

Middletown, CT501(c)(3)Since 2015Health CareEIN 81-0690892Revenue $4.7M in FY2024

On file with the IRSchc1.com19 Grand St, 06457-2705 · Middletown, CTTax-exempt since Feb 2016Publicly supported — 509(a)(2)

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Cecn's tax exempt purposes are improving efficacy and quality of healthcare provided to underserved and rural populations, and increasing and enabling access to medical specialists to those populations. Cecn uses the Econsult platform which is an electronic web-based, hippa compliant communications platform for clinical consultations. The Econsult activity directly furthers these purposes by providing a platform by which medically underserved individuals in need of specialty healthcare obtain access to the needed specialty healthcare directly through their primary care providers. In many cases, due to financial hardships, the lack of insurance, geographic restrictions or the absence of transportation, medically underserved patients DO not have access to needed specialty care providers.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$849K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $649K a year · 22% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$849K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $463K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.7M
271% of total assets
Concern: liabilities are 271% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+23% vs prior year
Spent
$5.7M
To programs
58%
Net assets
−$5.5M
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.3M
FY2022$2.9M
FY2023$3.8M
FY2024$4.7M
FY2024$4.7M
Expenses
$5.7M
FY2024▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.1M
FY2022$3.7M
FY2023$4.2M
FY2024$5.7M
FY2024$4.6M
Net assets
−$5.5M
FY2024▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.6M
FY2021−$3.3M
FY2022−$4.1M
FY2023−$4.5M
FY2024−$5.5M
FY2024−$5.4M

From the FY2024 Form 990 (year ending June 2024) · 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: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $3.3M Management & general 42% · $2.4M

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

12 people listed on the 990; $849K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Nat Healthcare Acct Mgr
$176,236Pt VII · Sec A
Chief Product Officer
$152,795Pt VII · Sec A
Chief Commercial Officer
$146,401Pt VII · Sec A
Business Tech Manager
$137,122Pt VII · Sec A
Head of Client Strategy
$129,872Pt VII · Sec A
Head of Client Strategy
$106,097Pt VII · Sec A
Former CFO
$0Pt VII · Sec A
$0Pt VII · Sec A

Maryann McGuire’s $180K as Chief Strategy Officer is at the 65th 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 · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Maryann McGuire$179,802$176,236$156,494$146,244$149,774$105,123
Rachael Dobbs$158,048$152,795————
Michael Malchiodi$146,965$137,122————
Agi Erickson$146,401$146,401————
Michelle Chapman$129,872$129,872$128,214———
Michell Chapman———$123,938$124,175$116,353
Maryann Souza$111,766$106,097————

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.

See Community Econsult Network INC executive salaries →

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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 15aNo

Programs and updates

Connects rural and underserved patients with specialists through primary care providers.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2023
01

To improve the efficiency and quality of healthcare by providing a platform to primary care providers for communicating timely and directly with high quality specialty care providers on behalf of underserved and rural populations.

$3.3Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$463K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$2K
Money outPt IX
$5.7M
Ln 25
Programscol B$3.3M
Managementcol C$2.4M
Owns and owesPt X
−$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$3.2M
LiabilitiesLn 26$8.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$3.2M
Other incomeLn 4–11$2K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$129K
Total assetsLn 16$3.2M
LiabilitiesLn 26$8.7M
Net assetsLn 32−$5.5M
OperationsPt I, VI
EmployeesI 521
VolunteersI 63
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$2.2M$1.4M
Land, buildings, equipmentLn 10c$6K$129K
Total assetsLn 16$4.0M$3.2M
LiabilitiesLn 26$8.5M$8.7M
Net assetsLn 32−$4.5M−$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$241K$120K$120K
Other salaries and wagesLn 7$2.1M$1.0M$1.0M
Pension plan contributionsLn 8$93K$46K$46K
Other employee benefitsLn 9$225K$113K$113K
Payroll taxesLn 10$137K$68K$68K
Management feesLn 11a$675K$675K
Legal feesLn 11b$50K$50K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$1.0M$951K$74K
Office expensesLn 13$46K$46K
Information technologyLn 14$20K$20K
OccupancyLn 16$8K$8K
TravelLn 17$56K$56K
Conferences, conventions and meetingsLn 19$36K$36K
InterestLn 20$20K$20K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$966K$966K$250
Total functional expensesLn 25$5.7M$3.3M$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $4.7M$5.7M−$1.0M−$5.5M 990 PDF
FY2023 $3.8M$4.2M−$422K−$4.5M 990 PDF
FY2022 $2.9M$3.7M−$743K−$4.1M 990 PDF
FY2021 $1.3M$2.1M−$758K−$3.3M 990 PDF
FY2020 $1.7M$2.0M−$311K−$2.6M 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 $4,712,383 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,358,027$1,460,387
I-9 Program service revenuePrior year $2,463,418$3,249,996
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$2,000
I-12 Total revenuePrior year $3,821,445$4,712,383
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 $2,518,211$2,761,481
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,725,551$2,961,492
I-18 Total expensesPrior year $4,243,762$5,722,973
I-19 Revenue less expensesPrior year −$422,317−$1,010,590
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $4,712,383 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,460,387
VIII-1h Total contributions, gifts and grants$1,460,387
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,249,996$3,249,996
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,000$2,000
VIII-12 Total revenueRelated to mission $3,251,996 · Unrelated business $0 · Excluded from tax $0$4,712,383
Part IX · Statement of functional expenses $5,722,973 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $120,492 · Management $120,492$240,984
IX-7 Other salaries and wagesPrograms $1,032,838 · Management $1,032,838$2,065,676
IX-8 Pension plan contributionsPrograms $46,276 · Management $46,275$92,551
IX-9 Other employee benefitsPrograms $112,707 · Management $112,706$225,413
IX-10 Payroll taxesPrograms $68,428 · Management $68,429$136,857
IX-11a Management feesManagement $674,897$674,897
IX-11b Legal feesManagement $50,000$50,000
IX-11c Accounting feesManagement $39,992$39,992
IX-11g Other fees for servicesPrograms $950,927 · Management $73,587$1,024,514
IX-13 Office expensesManagement $45,950$45,950
IX-14 Information technologyManagement $20,322$20,322
IX-16 OccupancyManagement $7,600$7,600
IX-17 TravelManagement $55,730$55,730
IX-19 Conferences, conventions and meetingsManagement $36,014$36,014
IX-20 InterestManagement $20,000$20,000
IX-22 Depreciation, depletion and amortizationManagement $11,085$11,085
IX-23 InsuranceManagement $9,050$9,050
IX-24 Other expenses (24a–d)Programs $966,088 · Management $250$966,338
IX-25 Total functional expensesPrograms $3,297,756 · Management $2,425,217 · Fundraising $0$5,722,973
Part X · Balance sheet $3,203,589 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,215,708$1,365,130
X-3 Pledges and grants receivableStart of year $237,585$218,731
X-4 Accounts receivableStart of year $1,194,594$1,430,525
X-9 Prepaid expenses and deferred chargesStart of year $391,682$59,947
X-10c Land, buildings and equipment, netStart of year $5,742$129,256
X-16 Total assetsStart of year $4,045,311$3,203,589
X-17 Accounts payable and accrued expensesStart of year $656,235$529,583
X-19 Deferred revenueStart of year $803,810$178,991
X-25 Other liabilitiesStart of year $6,068,578$6,988,917
X-26 Total liabilitiesStart of year $8,528,623$8,697,491
X-27 Net assets without donor restrictionsStart of year −$4,483,312−$5,493,902
X-32 Total net assets or fund balancesStart of year −$4,483,312−$5,493,902
X-33 Total liabilities and net assetsStart of year $4,045,311$3,203,589
Part XI · Reconciliation of net assets −$5,493,902 net assets at year end
XI-1 Total revenue$4,712,383
XI-2 Total expenses$5,722,973
XI-3 Revenue less expenses−$1,010,590
XI-4 Net assets at start of year−$4,483,312
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,493,902

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

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