Non-profit organization established to improve quality, control costs, and expand access to health care by development of the operation of the health information exchange.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$680K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
4 of 6
filings with a surplus
Average surplus $1.1M a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$680K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.7M
+55% vs prior year
Spent
$9.7M
To programs
91%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$13.7M
FY2024▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$22.4M
FY2021$15.3M
FY2022$3.3M
FY2023$8.9M
FY2024$13.7M
FY2025$11.7M
Expenses
$9.7M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.6M
FY2021$11.9M
FY2022$7.0M
FY2023$9.8M
FY2024$9.7M
FY2025$11.4M
Net assets
$6.7M
FY2024▲ +153%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$7.3M
FY2022$3.6M
FY2023$2.6M
FY2024$6.7M
FY2025$6.9M

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

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1992.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $8.8M Management & general 9% · $902K

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

19 people listed on the 990; $680K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/President
$284,090Pt VII · Sec A
Chief Information Officer/VP
$139,710Pt VII · Sec A
Privacy and Security Officer
$110,769Pt VII · Sec A
Director Customer Engagement
$103,910Pt VII · Sec A
CFO/Secretary Treasurer
$41,417Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Nominating Committee Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Teresa L Stewart’s $292K as CEO/President is at the 43rd percentile of top reported officer pay among 2901 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Teresa L Stewart$292,077$284,090$246,425———
Thomas D East PHD Chief——$227,694———
Gisela Bartolome$227,320$139,710————
Thomas D East PHD———$206,592$211,375$214,516
Teresa Stewart———$182,853—$96,254
Teresa Stewart Treassecty————$162,556—
Mark Norby$114,385$110,769$108,248———
Phillip Gibbs$105,295—————

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 15aNo

Programs and updates

Improves healthcare quality, cost, and access by developing health information exchange operations.

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Provided by the organization

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1 program · $8.8M · in their own filed words · FY2024
01

Syncronys' primary activity is the development, operation and maintenance of the state of new mexico's designated health information exchange (hie). Syncronys expanded the number of organizations securely exchanging digital medical records, diagnostic images and procedures with the hie and healthcare organizations who subscribe to the…

$8.8Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$13.7M
Ln 12
Gifts and grantsLn 1h$9.9M
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$174
Money outPt IX
$9.7M
Ln 25
Programscol B$8.8M
Managementcol C$902K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$8.4M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.9M
Government grantsLn 1e$9.9M
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$174
Total revenueLn 12$13.7M
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$7.0M
Cash and savings togetherLn 1–2$7.1M
Land, buildings, equipmentLn 10c$61K
Other assetsLn 15$153K
Total assetsLn 16$8.4M
LiabilitiesLn 26$1.7M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 535
VolunteersI 638
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 FY24End FY24
Cash and savingsLn 1–2$2.2M$7.1M
Land, buildings, equipmentLn 10c$70K$61K
Total assetsLn 16$4.1M$8.4M
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32$2.6M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$502K$260K$241K
Other salaries and wagesLn 7$1.3M$935K$374K
Pension plan contributionsLn 8$34K$23K$12K
Other employee benefitsLn 9$353K$233K$120K
Payroll taxesLn 10$136K$90K$46K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$6.7M$6.7M$6K
Advertising and promotionLn 12$971$971
Office expensesLn 13$22K$12K$10K
Information technologyLn 14$156K$117K$39K
OccupancyLn 16$111K$11K$100K
TravelLn 17$30K$27K$3K
Conferences, conventions and meetingsLn 19$80K$67K$13K
InterestLn 20$11K$11K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$96K$59K$38K
Other expenses (24a–d)Ln 24$59K$35K$23K
All other expensesLn 24e$2K$191K−$189K
Total functional expensesLn 25$9.7M$8.8M$902K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.7M$11.4M$235K$6.9M 990 PDF
FY2024 Viewing $13.7M$9.7M$4.0M$6.7M 990 PDF
FY2023 $8.9M$9.8M−$974K$2.6M 990 PDF
FY2022 $3.3M$7.0M−$3.7M$3.6M 990 PDF
FY2021 $15.3M$11.9M$3.4M$7.3M 990 PDF
FY2020 $22.4M$18.6M$3.8M$4.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $13,706,097 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,738,402$9,865,064
I-9 Program service revenuePrior year $3,114,328$3,840,859
I-10 Investment incomePrior year $91$174
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,852,821$13,706,097
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 $2,195,081$2,334,798
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,632,129$7,341,516
I-18 Total expensesPrior year $9,827,210$9,676,314
I-19 Revenue less expensesPrior year −$974,389$4,029,783
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $13,706,097 across 5 lines filed
VIII-1e Government grants$9,865,064
VIII-1h Total contributions, gifts and grants$9,865,064
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,840,859$3,840,859
VIII-3 Investment incomeExcluded from tax $174$174
VIII-12 Total revenueRelated to mission $3,840,859 · Unrelated business $0 · Excluded from tax $174$13,706,097
Part IX · Statement of functional expenses $9,676,314 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $260,446 · Management $241,215$501,661
IX-7 Other salaries and wagesPrograms $935,214 · Management $374,290$1,309,504
IX-8 Pension plan contributionsPrograms $22,527 · Management $11,596$34,123
IX-9 Other employee benefitsPrograms $233,224 · Management $120,059$353,283
IX-10 Payroll taxesPrograms $89,932 · Management $46,295$136,227
IX-11b Legal feesPrograms $17,586$17,586
IX-11c Accounting feesManagement $28,142$28,142
IX-11g Other fees for servicesPrograms $6,697,360 · Management $5,603$6,702,963
IX-12 Advertising and promotionManagement $971$971
IX-13 Office expensesPrograms $11,666 · Management $10,082$21,748
IX-14 Information technologyPrograms $117,436 · Management $38,871$156,307
IX-16 OccupancyPrograms $10,836 · Management $100,065$110,901
IX-17 TravelPrograms $26,582 · Management $3,440$30,022
IX-19 Conferences, conventions and meetingsPrograms $66,855 · Management $13,349$80,204
IX-20 InterestManagement $10,915$10,915
IX-22 Depreciation, depletion and amortizationManagement $24,963$24,963
IX-23 InsurancePrograms $58,687 · Management $37,812$96,499
IX-24 Other expenses (24a–d)Programs $35,296 · Management $23,375$58,671
IX-24e All other expensesPrograms $190,863 · Management −$189,239$1,624
IX-25 Total functional expensesPrograms $8,774,510 · Management $901,804 · Fundraising $0$9,676,314
Part X · Balance sheet $8,411,655 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $283,902$68,763
X-2 Savings and temporary cash investmentsStart of year $1,876,188$6,991,363
X-4 Accounts receivableStart of year $1,040,086$99,705
X-9 Prepaid expenses and deferred chargesStart of year $615,031$1,038,289
X-10c Land, buildings and equipment, netStart of year $70,181$60,853
X-15 Other assetsStart of year $257,378$152,682
X-16 Total assetsStart of year $4,142,766$8,411,655
X-17 Accounts payable and accrued expensesStart of year $922,040$561,548
X-19 Deferred revenueStart of year $299,980$1,014,010
X-25 Other liabilitiesStart of year $280,171$165,739
X-26 Total liabilitiesStart of year $1,502,191$1,741,297
X-27 Net assets without donor restrictionsStart of year $2,640,575$6,670,358
X-32 Total net assets or fund balancesStart of year $2,640,575$6,670,358
X-33 Total liabilities and net assetsStart of year $4,142,766$8,411,655
Part XI · Reconciliation of net assets $6,670,358 net assets at year end
XI-1 Total revenue$13,706,097
XI-2 Total expenses$9,676,314
XI-3 Revenue less expenses$4,029,783
XI-4 Net assets at start of year$2,640,575
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,670,358

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

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