Cimro
- Assets
- $3.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Champaign, IL
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 46-4471239
Organization Overview
Cimro is located in Champaign, IL. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cimro employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cimro is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Cimro generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY INNOVATION NETWORK WORKING WITH MEDICARE RECIPIENTS AND THEIR HEALTHCARE PROVIDERS WITHIN THE STATE OF NORTH DAKOTA AND SOUTH DAKOTA. POPULATION SERVED IN NORTH DAKOTA: 140,912 MEDICARE BENEFICIARIES.POPULATION SERVED IN SOUTH DAKOTA: 189,908 MEDICARE BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Belford MD Vice Chair | OfficerTrustee | 1 | $700 |
Heath G Boddy Bs Lnha Chair | OfficerTrustee | 1 | $700 |
Janet Dooley Bs Member | Trustee | 1 | $500 |
Dan Holdhusen Ba Member | Trustee | 1 | $1,300 |
Jeffrey Sather MD MBA Facep Member | Trustee | 1 | $250 |
April Vogelsang RN Ms Chief Executive Officer - Related Party | OfficerTrustee | 0 | $300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Health Associates Of North Dakot Subcontractor | 12/30/22 | $1,061,476 |
South Dakota Foundation For Medical Care Subcontractor | 12/30/22 | $653,576 |
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 | $4,327,451 |
| Investment income | $27,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,352,076 |
| 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. | $3,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,143,257 |
| Pension plan accruals and contributions | $84,443 |
| Other employee benefits | $62,955 |
| Payroll taxes | $81,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,390 |
| Travel | $8,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,204 |
| Insurance | $4,165 |
| All other expenses | $32,595 |
| Total functional expenses | $3,754,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,866 |
| Savings and temporary cash investments | $1,980,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,077,411 |
| 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 | $20,486 |
| Net Land, buildings, and equipment | $603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,685 |
| Total assets | $3,667,434 |
| Accounts payable and accrued expenses | $472,670 |
| Grants payable | $0 |
| Deferred revenue | $833,038 |
| 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 | $276,945 |
| Total liabilities | $1,582,653 |
| Net assets without donor restrictions | $2,084,781 |
| 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 | $3,667,434 |