Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $2,647

• 1e · Government grants (contributions)

  $2,928,808

• 1f · All other contributions, gifts and grants

  $40,602

• 2a · Program service revenue: PROGRAM REVENUE

  total $24,478 · related or exempt $24,478

• 3 · Investment income

  total $13,732 · excluded $13,732

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $8,525 · excluded $8,525

• 11e · Other revenue, total

  $8,525

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $175,155 · program services $175,155

• 5 · Compensation of officers, directors and key employees

  total $129,591 · program services $116,632 · management and general $12,959

• 7 · Other salaries and wages

  total $1,868,749 · program services $1,681,874 · management and general $186,875

• 8 · Pension plan contributions

  total $5,973 · program services $5,376 · management and general $597

• 9 · Other employee benefits

  total $175,423 · program services $157,880 · management and general $17,543

• 10 · Payroll taxes

  total $178,924 · program services $161,032 · management and general $17,892

• 11c · Fees: accounting

  total $146,783 · management and general $146,783

• 11g · Fees: other

  total $305,510 · program services $24,985 · management and general $280,525

• 12 · Advertising and promotion

  total $33,191 · management and general $33,191

• 13 · Office expenses

  total $78,945 · program services $5,834 · management and general $73,111

• 14 · Information technology

  total $11,099 · management and general $11,099

• 16 · Occupancy

  total $402,784 · management and general $402,784

• 17 · Travel

  total $55,843 · program services $55,843

• 20 · Interest

  total $3,432 · management and general $3,432

• 22 · Depreciation, depletion and amortization

  total $8,079 · management and general $8,079

• 23 · Insurance

  total $40,290 · management and general $40,290

• 24a · Other expenses: PROGRAM MATERIALS

  total $142,740 · program services $142,740

• 24b · Other expenses: OTHER EXPENSES

  total $50,445 · program services $50,445

• 24c · Other expenses: EMPLOYEE EDUCATION

  total $11,181 · program services $11,181

• 24d · Other expenses: LICENSES AND FEES

  total $7,181 · management and general $7,181

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $75,511 · end of year $768,046

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $698,555

• 4 · Accounts receivable

  beginning of year $938,851 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,659 · end of year $11,130

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

  $44,065

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

  $32,892

• 10c · Land, buildings and equipment, net

  beginning of year $19,252 · end of year $11,173

• 15 · Other assets

  beginning of year $460,702 · end of year $448,284

• 17 · Accounts payable and accrued expenses

  beginning of year $280,932 · end of year $367,688

• 19 · Deferred revenue

  beginning of year $142,786 · end of year $11,282

• 23 · Secured mortgages and notes payable

  beginning of year $107,990 · end of year $0

• 25 · Other liabilities

  beginning of year $350,407 · end of year $1,709,884

• 27 · Net assets without donor restrictions

  beginning of year $647,970 · end of year -$151,666

• 28 · Net assets with donor restrictions

  beginning of year $12,890 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

EFFECTIVE 5/1/24, ALL EMPLOYEES WERE PAID OUT OF VIVENT HEALTH ("VH") A RELATED ORGANIZATION. VIVENT HEALTH USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE PRESIDENT & CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINES 4A-B

SOME EMPLOYEES RECEIVED A SEVERANCE PAYMENT DURING THE CALENDER YEAR. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. PRESIDENT AND CEO, BRANDON HILL, AND CHIEF FINANCIAL OFFICER, TIMOTHY DYER, PARTICIPATE IN A 457(F) PLAN SPONSORED BY VIVENT HEALTH, A RELATED ORGANIZATION. THERE WERE NO AMOUNTS PAID OUT DURING THE CALENDAR YEAR ENDING WITHIN THE TAXABLE YEAR.

PART I, LINE 6

ALL STAFF HAVE PAY FOR PERFORMANCE GOALS EACH YEAR, AND AS PART OF THOSE GOALS, SOME SENIOR STAFF HAVE A NET EARNINGS TARGET AS ONE OF THEIR GOALS. HOWEVER, COMPENSATION IS NOT CALCULATED BASED ON THE NET EARNINGS, BUT ON THE ACHIEVEMENT OF THE NET EARNINGS GOAL ITSELF.