Syncronys
- Assets
- $9.0m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Albuquerque, NM
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 85-0392796
Organization Overview
Syncronys, operating under the name Lcf Research And Nmhic, is located in Albuquerque, NM. The organization was established in 1992. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Lcf Research And Nmhic employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcf Research And Nmhic 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 12/2021, Lcf Research And Nmhic generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 29.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
NON-PROFIT ORGANIZATION ESTABLISHED TO IMPROVE QUALITY, CONTROL COSTS, AND EXPAND ACCESS TO HEALTH CARE BY DEVELOPMENT OF THE OPERATION OF THE HEALTH INFORMATION EXCHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDED THE DEVELOPMENT OF THE NEW MEXICO HEALTH INFORMATION COLLABORATIVE (NMHIC) HEALTH INFORMATION EXCHANGE NETWORK, SUCCESSFULLY BUILDING INTERFACES TO THE STATE'S LARGEST HEALTHCARE DATA PROVIDERS. PROVIDES HEALTH INFORMATION EXCHANGE (HIE) SERVICES INCLUDING ACCESS TO THE NMHIC PORTAL FOR VIEWING HEALTH INFORMATION OF PATIENTS AND MEMBERS ACROSS MULTIPLE HEALTH SYSTEMS AND NOTIFICATION OF CERTAIN HEALTH INCIDENTS TO HOSPITALS, CLINICIANS, AND HEALTHCARE PAYER ORGANIZATIONS. ESTABLISHED AND MAINTAINS INTERFACES FROM 28 HOSPITALS IN THE STATE FOR PUBLIC HEALTH REPORTING AND SENDS DATA FROM THESE INTERFACES TO NM DOH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D East PHD Ceo/cio | Officer | 40 | $211,375 |
Teresa Stewart Treassecty Chief Administrative Officer | Officer | 40 | $162,556 |
Steven P Kanig MD Board Chair | OfficerTrustee | 0.5 | $0 |
J Randle Adair DO Vice Chair | OfficerTrustee | 0.5 | $0 |
Jared Udall Director Audit/finance Committee Chair | Trustee | 0.5 | $0 |
Curt Schatz Director Advisory Committee Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collective Medical Technologies Inc Medical Use Cases | 12/30/21 | $3,370,123 |
Rhodes Group Inc Hep C Use Cases | 12/30/21 | $2,319,889 |
Brilijent Epmo Services | 12/30/21 | $734,061 |
Orion Health Inc Software Services | 12/30/21 | $2,296,426 |
Hbi Solution Medical Use Cases | 12/30/21 | $1,026,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,275,871 |
| 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 | $13,275,871 |
| Total Program Service Revenue | $2,019,193 |
| Investment income | $432 |
| 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 | $15,296,549 |
| 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. | $427,485 |
| Compensation of current officers, directors, key employees. | $150,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $797,870 |
| Pension plan accruals and contributions | $16,203 |
| Other employee benefits | $288,565 |
| Payroll taxes | $95,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,882 |
| Fees for services: Accounting | $21,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,251,176 |
| Advertising and promotion | $23,094 |
| Office expenses | $26,263 |
| Information technology | $584,313 |
| Royalties | $0 |
| Occupancy | $150,682 |
| Travel | $4,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,417 |
| Interest | $13,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,803 |
| Insurance | $76,819 |
| All other expenses | $54,154 |
| Total functional expenses | $11,918,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,701 |
| Savings and temporary cash investments | $5,443,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,558 |
| 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 | $2,516,184 |
| Net Land, buildings, and equipment | $75,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $466,771 |
| Total assets | $9,036,705 |
| Accounts payable and accrued expenses | $257,543 |
| Grants payable | $0 |
| Deferred revenue | $965,820 |
| 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 | $472,741 |
| Total liabilities | $1,696,104 |
| Net assets without donor restrictions | $7,340,601 |
| 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 | $9,036,705 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Syncronys has recieved totaling $13,225.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Var Fed projects | $13,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |
Parkview Health Systems Inc Pueblo, CO | $227,277 | $49,526,192 |
St Joseph Physician Associates Bryan, TX | $5,477,758 | $42,860,860 |
Texas Health Harris Methodist Hospital Azle Azle, TX | $14,660,060 | $52,323,132 |
Hilltop Health Services Corporation Grand Junction, CO | $63,929,076 | $33,671,328 |
Texas Childrens Urgent Care Bellaire, TX | $20,378,650 | $26,228,045 |
Central Oklahoma Family Medical Center Inc Konawa, OK | $13,609,649 | $34,028,771 |
Mccurtain Memorial Medical Management Inc Idabel, OK | $11,531,552 | $35,443,680 |
Indian Health Care Resource Center Tulsa, OK | $30,557,069 | $25,149,363 |
Community Health Centers Of South Central Texas Inc Gonzales, TX | $17,235,238 | $18,835,061 |
Chc Community Care Llc Plano, TX | $5,322,582 | $13,837,033 |
Colorado West Inc Grand Junction, CO | $65,909,221 | $15,414,115 |