Nebraska Health Information Initiative Inc
- Assets
- $28.5m
- Revenue
- $62.1m
- Investments
- $3.0m
- Employees
- 0
- Location
- La Vista, NE
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-2673338
Organization Overview
Nebraska Health Information Initiative Inc, operating under the name Cynchealth, is located in La Vista, NE. The organization was established in 2009. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cynchealth 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, Cynchealth generated $62.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $57.0m during the year ending 12/2021. While expenses have increased by 59.8% 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
NEHII'S MISSION IS TO ORGANIZE AND OPERATE SYSTEMS FOR SECURE EXCHANGE AND USE OF HEALTH CARE DATA THROUGHOUT THE STATE OF NEBRASKA TO IMPROVE THE QUALITY AND ACCESS OF HEALTHCARE TO THE COMMUNITY WHILE REDUCING HEALTH CARE COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE THE DESIGN AND IMPLEMENTATION OF AN INTEGRATED STATEWIDE HEALTH INFORMATION TECHNOLOGY AND HEALTH INFORMATION EXCHANGE THAT SUPPORTS THE INFORMATION NEEDS OF ALL HEALTHCARE STAKEHOLDERS TO REDUCE HEALTHCARE COSTS, IMPROVE PATIENT SAFETY, AND IMPROVE THE QUALITY AND EFFICIENCY OF HEALTHCARE AND PUBLIC HEALTH IN THE STATE OF NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael White Chair & Director | OfficerTrustee | 2 | $0 |
Jeanette Wojtalewicz Treasurer & Director | OfficerTrustee | 2 | $0 |
Dr Jaime L Bland CEO & Director | OfficerTrustee | 50 | $0 |
Stephanie Daubert Secretary & Director | OfficerTrustee | 2 | $0 |
Lorraine Egger CFO | Officer | 50 | $0 |
John Mentgen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinsey & Company Inc Healthcare & It Consulting | 12/30/21 | $8,975,000 |
Unite Usa Inc Healthcare And It Consulting | 12/30/21 | $4,130,541 |
Intersystems Corporation Healthcare & It Consulting | 12/30/21 | $3,032,109 |
Cynchealth Advisors Inc Consulting & Management | 12/30/21 | $9,101,081 |
Collective Medical Technologies Inc Healthcare & It Consulting | 12/30/21 | $3,006,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,244 |
| Government grants | $55,749,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,291,494 |
| Total Program Service Revenue | $3,168,526 |
| Investment income | $1,428 |
| 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 | $62,118,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,387 |
| 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 | $804 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $94,681 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,305,244 |
| Advertising and promotion | $257,394 |
| Office expenses | $368 |
| Information technology | $24,546,952 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $233,739 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $150,612 |
| All other expenses | $6,813 |
| Total functional expenses | $57,003,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,175,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,569,397 |
| Accounts receivable, net | $203,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,854 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,996,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,693,354 |
| Total assets | $28,480,439 |
| Accounts payable and accrued expenses | $4,766,133 |
| Grants payable | $0 |
| Deferred revenue | $13,292,948 |
| 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 | $2,835,397 |
| Total liabilities | $20,894,478 |
| Net assets without donor restrictions | $7,585,961 |
| 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 | $28,480,439 |
Grants Awarded
Over the last fiscal year, Nebraska Health Information Initiative Inc has awarded $76,667 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL PROGRAM SUPPORT | $50,000 |
La Vista, NE PURPOSE: ESTABLISHMENT OF ENDOWED CHAIRS AT CREIGHTON UNIVERSITY AND UNIVERSITY OF NEBRASKA ON DEVELOPING NEW HEALTHCARE DATA ANALYTICS DEPARTMENT AT THE UNIVERSITIES AND FOR STUDENT AND PROVIDER EDUCATION FOR PURPOSE IMPROVING COMMUNITY HEALTH THROUGH HEALTHCARE DATA AND ANALYTICS. | $20,000 |
Lincoln, NE PURPOSE: SUPPORT OF THE UNO STEM ECOSYSTEM FUND | $6,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nebraska Health Information Initiative Inc has recieved totaling $54,550.
| Awarding Organization | Amount |
|---|---|
Utah Health Information Network Incorporated Murray, UT PURPOSE: TO CONNECT TO HIE IN | $54,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Health Information Initiative Inc La Vista, NE | $28,480,439 | $62,118,071 |
First Nations Development Institute Longmont, CO | $70,635,759 | $42,441,504 |
Colorado Regional Health Information Organization Denver, CO | $17,521,813 | $5,898,619 |
Illinois Rural Healthnet Cedar Rapids, IA | $5,988,317 | $2,258,874 |
Rural Nebraska Healthcare Network Scottsbluff, NE | $7,353,339 | $722,536 |
Lewis And Clark Information Exchange Kansas City, MO | $3,757,665 | $1,270,195 |
Transportation Solutions Foundation Denver, CO | $74,837 | $438,805 |
Tax Education Foundation Muscatine, IA | $97,995 | $0 |