Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT SERVICES

  total $13,265,431 · related or exempt $13,265,431

• 2b · Program service revenue: CAPABLE PROGRAM

  total $184,400 · related or exempt $184,400

• 3 · Investment income

  total $22,930 · excluded $22,930

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,847,164 · management and general $2,847,164

• 7 · Other salaries and wages

  total $4,179,077 · management and general $4,179,077

• 9 · Other employee benefits

  total $485,835 · management and general $485,835

• 10 · Payroll taxes

  total $403,210 · management and general $403,210

• 11b · Fees: legal

  total $10,190 · management and general $10,190

• 11c · Fees: accounting

  total $36,242 · management and general $36,242

• 11f · Fees: investment management

  total $4,039 · management and general $4,039

• 11g · Fees: other

  total $1,129,414 · management and general $1,129,414

• 12 · Advertising and promotion

  total $104,774 · management and general $104,774

• 13 · Office expenses

  total $414,838 · management and general $414,838

• 14 · Information technology

  total $484,187 · management and general $484,187

• 16 · Occupancy

  total $374,216 · management and general $374,216

• 17 · Travel

  total $51,196 · management and general $51,196

• 19 · Conferences, conventions and meetings

  total $24,237 · management and general $24,237

• 20 · Interest

  total $18,948 · management and general $18,948

• 22 · Depreciation, depletion and amortization

  total $303,175 · management and general $303,175

• 23 · Insurance

  total $664,264 · management and general $664,264

• 24a · Other expenses: EMPLOYEE RECRUITING

  total $505,670 · management and general $505,670

• 24b · Other expenses: DIRECT PATIENT CARE

  total $415,977 · management and general $415,977

• 24c · Other expenses: DUES, LICENSES, SUBSCRI

  total $174,206 · management and general $174,206

• 24d · Other expenses: CONTINUING EDUCATION

  total $48,341 · management and general $48,341

• 24e · All other expenses

  total $82,910 · management and general $82,910

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,201,270 · end of year $2,972,011

• 4 · Accounts receivable

  beginning of year $54,299 · end of year $108,097

• 9 · Prepaid expenses and deferred charges

  beginning of year $382,650 · end of year $475,850

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

  $2,864,671

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

  $2,765,523

• 10c · Land, buildings and equipment, net

  beginning of year $244,443 · end of year $99,148

• 11 · Investments: publicly traded securities

  end of year $1,737,325

• 15 · Other assets

  beginning of year $1,329,859 · end of year $3,916,788

• 17 · Accounts payable and accrued expenses

  beginning of year $2,036,738 · end of year $2,483,953

• 19 · Deferred revenue

  end of year $60,500

• 25 · Other liabilities

  beginning of year $1,297,783 · end of year $4,201,184

• 27 · Net assets without donor restrictions

  beginning of year $1,878,000 · end of year $2,563,582

The filer's explanations (Part III)

PART I, LINE 4B

THE ORGANIZATION ESTABLISHED A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE EXCLUSIVE BENEFIT OF CERTAIN EXECUTIVES. FUNDS ARE SUBJECT TO RISK OF FORFEITURE BY PLAN PARTICIPANTS AND ARE AVAILABLE TO THE CREDITORS OF THE CARE SYNERGY. IN ACCORDANCE WITH THE BOARD OF DIRECTORS' INTENT, THE ORGANIZATION WILL FUND INDIVIDUAL PARTICIPANT ACCOUNTS THROUGH INVESTMENT OPTIONS DIRECTED BY THE PARTICIPANTS. THE DEFERRED COMPENSATION PLAN IS PARTIALLY FUNDED, AND THE ORGANIZATION REPORTS THE DEFERRALS AND RELATED FUNDING IN ACCRUED EXPENSES AND INVESTMENTS, RESPECTIVELY, IN THE BALANCE SHEET. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN IN 2022, FOR WHICH THE EXPENSE WAS INCURRED BY THE SPONSORING ORGANIZATIONS, BUT THE FUNDS HAVE NOT VESTED OR BEEN PAID OUT TO THESE INDIVIDUALS. THE AMOUNTS LISTED BELOW ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (C): TIM BOWEN (CARE SYNERGY CEO): $161,442 PAUL TOSETTI (CARE SYNERGY CFO): $44,788 JOHN BLASCHKE (CARE SYNERGY CIO): $41,963 MARK SPENCER (CARE SYNERGY VP OF BUSINESS DEVELOPMENT): $14,625 CRYSTAL O'BRIEN (CARE SYNERGY VP OF HUMAN RESOURCES): $34,340 PATRICIA FORD (CARE SYNERGY VP OF OPERATIONS): $44,757 PATRICIA MEHNERT (CARE SYNERGY DIR. OF CORP. COMPLIANCE & RISK MGMT.): $38,164 EVAN HYATT (CARE SYNERGY DIRECTOR OF MARKETING AND COMMUNICATIONS): $17,973 DURING CALENDAR YEAR 2022 EVAN HYATT AND PATRICIA MEHNERT RECEIVED A PAYMENT OF $44,947 AND $85,201, RESPECTIVELY, FROM THE 457(F) PLAN. THE PAYMENT IS INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).

PART I, LINE 7

THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. THE DETERMINATION OF BONUSES IS BASED ON ACHIEVEMENT OF CERTAIN METRICS INCLUDED IN OVERALL STRATEGIC OBJECTIVES INCLUDING FINANCIAL PERFORMANCE, PATIENT CENSUS GROWTH, AND QUALITY RATINGS. DURING CALENDAR YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION AWARDED THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF INFORMATION OFFICER, VP OF HUMAN RESOURCES, VP OF OPERATIONS, VP OF QUALITY COMPLIANCE AND EDUCATION, CONTROLLER, VP OF BUSINESS DEVELOPMENT, VP OF HUMAN RESOURCES AND THE DIRECTOR OF MARKETING AND COMMUNICATIONS A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CARE SYNERGY MEDICAL GROUP LLC

  JOINT VENTURE IN ACCOUNTABLE CARE ORGANIZATION · CO · income $0 · assets $0

  Directly controlled by COMFORT BRIDGE DBA CARE SYNERGY