Catholic Health Initiatives Virtual Health Services
- Assets
- $10.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 04/2014
- Data as of
- 06/2021
- EIN
- 46-0992796
Organization Overview
Catholic Health Initiatives Virtual Health Services, operating under the name Chi Virtual Health Services, is located in Englewood, CO. The organization was established in 2014. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Virtual Health Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Chi Virtual Health Services generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHI VIRTUAL HEALTH SERVICES PROMOTES HEALTH BY PROVIDING ACCESS TO QUALITY CARE THROUGH TELEHEALTH TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHOLIC HEALTH INITIATIVES VIRTUAL HEALTH SERVICES (CHI VHS) WAS ORGANIZED AND WILL BE OPERATED TO FURTHER THE PROMOTION OF HEALTH, FURTHER EDUCATIONAL PURPOSES AND LESSEN THE BURDENS OF GOVERNMENT.CHI VIRTUAL HEALTH SERVICES IS ORGANIZED AND OPERATED, WITHIN THE MEANING OF SECTION 509(A)(3)(A) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS SUBSEQUENTLY AMENDED ("IRC"), EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE RELIGIOUS, CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 509(C)(3) OF THE IRC, OF CATHOLIC HEALTH CARE FEDERATION ("CHCF"), A PUBLIC JURIDIC PERSON WITHIN THE MEANING OF THE CODE OF CANON LAW FOR THE ROMAN CATHOLIC CHURCH ("CANON LAW"), INCLUDING BY SUPPORTING SUCH OTHER CHARITABLE ORGANIZATIONS, THE PURPOSES OF WHICH ARE TO EMBODY THE MISSION OF THE HEALING MINISTRY OF JESUS IN THE CHURCH THROUGH OWNERSHIP, MANAGEMENT, OR GOVERNANCE OF HEALTH MINISTRIES, OR THE OFFERING OF OR SUPPORTING OF CHARITABLE AND RELIGIOUS PROGRAMS OR SERVICES CONSISTENT WITH SUCH PURPOSES, IN KEEPING WITH THE GOSPEL IMPERATIVE.IN KEEPING WITH CHCF'S GOAL OF PROVIDING QUALITY CARE FOR PATIENTS CLOSER TO HOME, CHI VIRTUAL HEALTH SERVICES WAS FORMED TO PROVIDE TELEHEALTH TECHNOLOGIES INTO RESOURCE-DEPRIVED MARKETS AND MAKE HIGH QUALITY, LOW COST AND EFFICIENT RESOURCES AVAILABLE TO ALL MARKETS. CHI VIRTUAL HEALTH SERVICES HAS BEEN ESTABLISHED TO INCREASE THE QUALITY AND EFFICACY OF HEALTHCARE BY MATCHING THE NEEDS OF A PATIENT TO THE RIGHT RESOURCE IN A WAY WHICH HAS NOT BEEN PREVIOUSLY POSSIBLE DUE TO BARRIERS IN EXISTING TECHNOLOGIES.CHI VIRTUAL HEALTH SERVICES WILL PROVIDE TELEHEALTH TECHNOLOGIES IN FOUR AREAS: 1) DIRECT VIRTUAL PATIENT CARE, 2) INDIRECT VIRTUAL PATIENT CARE, 3) IT TELEHEALTH INFRASTRUCTURE AND 4) TELEEDUCATION. TOGETHER THESE SERVICES WILL PROVIDE ACCESS TO SERVICES THAT ENHANCE PATIENT SAFETY, IMPROVE QUALITY OF CARE, PROVIDE REMOTE PATIENT CARE AND ENHANCE COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Edgett III Board Vice Chair (partial Year); Chief Business Li | OfficerTrustee | 1 | $0 |
Douglas Wickerham Secretary/treasurer; Vp, Risk Finance, Insurance A | OfficerTrustee | 1 | $0 |
Jeffrey Drop Board Member (partial Year); SVP And Division Exec | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perform Inc It Services & Computer Repair | 6/29/16 | $287,438 |
Accenture Llp Consulting | 6/29/16 | $1,249,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,148,865 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,414,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,797,120 |
| Advertising and promotion | $0 |
| Office expenses | $50,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,323 |
| Travel | $304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,331 |
| Insurance | $50 |
| All other expenses | $0 |
| Total functional expenses | $5,881,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,108,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,273 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,086 |
| Total assets | $10,734,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,465,175 |
| Total liabilities | $31,465,175 |
| Net assets without donor restrictions | -$20,730,626 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,734,549 |
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North Colorado Health Alliance Evans, CO | $8,807,533 | $9,193,017 |
Technical Assistance Partnership Of Arizona Phoenix, AZ | $8,493,848 | $8,170,054 |
Catholic Health Initiatives Virtual Health Services Englewood, CO | $10,734,549 | $5,414,271 |
Eagle Valley Mental Health Vail, CO | $18,198,495 | $22,850,033 |
Kansas Health Information Network Inc Topeka, KS | $2,739,480 | $5,772,753 |
Young Mens Christian Association Of The Prairie Holdrege, NE | $6,372,207 | $3,139,566 |
Cheyenne Regional Medical Center Foundation Cheyenne, WY | $25,884,628 | $2,520,511 |