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Nonprofiteer
← VELATURA HIE CORPORATION

Form 990 for tax year 2022

Filed by VELATURA HIE CORPORATION.

Totals

Total revenue
$4,856,562
Total expenses
$4,666,140
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,856,562
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,584,358
Total liabilities, end of year
$1,373,174
Net assets or fund balances, end of year
$1,211,184
Program services expenses (Part IX)
$3,690,154
Management and general expenses
$975,986
Fundraising expenses
$0
Program service expenses (Part III)
$3,690,154

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SERVICE REVENUE

    total $4,856,562 · related or exempt $4,856,562

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $8,902 · management and general $8,902

  • 11g · Fees: other

    total $1,567,267 · program services $1,567,267

  • 13 · Office expenses

    total $551 · program services $551

  • 14 · Information technology

    total $1,613,276 · program services $1,387,353 · management and general $225,923

  • 17 · Travel

    total $13,863 · program services $12,123 · management and general $1,740

  • 22 · Depreciation, depletion and amortization

    total $362,526 · program services $362,526

  • 23 · Insurance

    total $22,111 · program services $16,141 · management and general $5,970

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $1,077,034 · program services $344,193 · management and general $732,841

  • 24b · Other expenses: EMPLOYEE TRAINING

    total $610 · management and general $610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,154,028 · end of year $927,797

  • 4 · Accounts receivable

    beginning of year $400,667 · end of year $1,488,657

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,335 · end of year $137,712

  • 10a · Land, buildings and equipment: cost or other basis

    $1,198,467

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,168,275

  • 10c · Land, buildings and equipment, net

    beginning of year $392,717 · end of year $30,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,842 · end of year $469,005

  • 19 · Deferred revenue

    beginning of year $846,027 · end of year $904,169

  • 27 · Net assets without donor restrictions

    beginning of year $989,878 · end of year $1,211,184

Mission and programs · 2022

Mission

NOT-FOR-PROFIT ORGANIZATION OFFERING AFFILIATION, COLLABORATION, AND INTEGRATION OPPORTUNITIES TO HEALTH INFORMATION EXCHANGES (HIES) ACROSS THE COUNTRY.

  • OFFERING AFFILIATION, COLLABORATION, AND INTEGRATION OPPORTUNITIES TO HEALTH INFORMATION EXCHANGES (HIES) ACROSS THE COUNTRY. VELATURA HIE IS A CONSOLIDATION OF HIES, COMMUNITY-BASED ORGANIZATIONS, AND HEALTH INFORMATION NETWORKS THAT HAVE FORMALLY AFFILIATED TO ACHIEVE NATIONAL ECONOMIES OF SCALE WHILE MAINTAINING LOCALIZED STAKEHOLDER ALIGNMENT AND FOCUS.

    Expenses $3,690,154 · Revenue $4,856,562

As filed on the 2022 return.

Listed in Part VII

  • Kenneth Van Der Wende

    DIRECTOR

    Total calculated
    $254,432
    From this org
    $0
    From related orgs
    $248,894
    Other
    $5,538

    Schedule J breakdown matched by us

    Base
    not reported + $49,806 related
    Bonus
    not reported + $8,250 related
    Other
    not reported + $190,838 related
    Deferred
    not reported + $2,810 related
    Nontaxable benefits
    not reported + $2,728 related
    Filer's total
    not reported + $254,432 related

  • Timothy Pletcher

    CEO

    Total calculated
    $479,932
    From this org
    $0
    From related orgs
    $443,606
    Other
    $36,326
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $443,606 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,128 related
    Nontaxable benefits
    not reported + $14,198 related
    Filer's total
    not reported + $479,932 related

  • Angela Bass

    EVP & CSO

    Total calculated
    $436,652
    From this org
    $0
    From related orgs
    $387,382
    Other
    $49,270
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $326,751 related
    Bonus
    not reported + $60,631 related
    Other
    not reported
    Deferred
    not reported + $25,476 related
    Nontaxable benefits
    not reported + $23,794 related
    Filer's total
    not reported + $436,652 related

  • Stephanie Schultz

    CFO

    Total calculated
    $265,051
    From this org
    $0
    From related orgs
    $225,196
    Other
    $39,855
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $200,196 related
    Bonus
    not reported + $25,000 related
    Other
    not reported
    Deferred
    not reported + $16,061 related
    Nontaxable benefits
    not reported + $23,794 related
    Filer's total
    not reported + $265,051 related

  • Dr Andrew Rosenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dr Kevin Bohnsack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Deborah Gash

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Marlen Woodruff

    DIRECTOR

    Total calculated
    $390,752
    From this org
    $0
    From related orgs
    $356,235
    Other
    $34,517
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $316,235 related
    Bonus
    not reported + $40,000 related
    Other
    not reported
    Deferred
    not reported + $24,812 related
    Nontaxable benefits
    not reported + $9,705 related
    Filer's total
    not reported + $390,752 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
KENNETH VAN DER WENDE 192,295 0 0
SCHEDULE J, PART III
TOTAL SEVERANCE PAYMENTS TO KENNETH VAN DER WENDE WERE 192,295. THESE PAYMENTS WERE MADE IN CALENDAR YEAR 2022 PRIOR TO THE FISCAL YEAR ENDED 9/30/2022. THIS PAYMENT IS REPORTABLE ON THE 2022 990 WITH FISCAL YEAR 10/1/2022-9/30/2023, AND REPRESENTS THE PAYMENT PREVIOUSLY NOTED ON SCHEDULE J, PART I, LINE 4 OF THE 2021 990. SINCE THIS IS A CALENDAR YEAR 2022 PAYMENT, THIS PAYMENT WAS APPROPRIATELY REPORTED ON PART VII-A AND SCHEDULE J PART II FOR THE 2022 990 (FISCAL YEAR ENEDED 9/30/2023).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VELTURA PUBLIC BENEFIT CORPORATION

    C CORP · SOFTWARE · DE

    Directly controlled by NA

  • VELATURA SERVICES LLC

    C CORP · SOFTWARE · DE

    Directly controlled by VPBC

  • USQHIN LLC

    C CORP · SOFTWARE · DE

    Directly controlled by VPBC

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2024
IRS schema version
2022v5.0
Source object
202402279349301405

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