Overview
What is Syncronys?
Syncronys is a nonprofit organization based in Albuquerque, New Mexico, with a mission to enhance healthcare services by establishing and managing a Health Information Exchange (HIE). By developing and operating this HIE, Syncronys aims to improve the quality and affordability of healthcare, as well as expand its accessibility. The organization does this by securely exchanging digital medical records, diagnostic images, and procedures between various healthcare organizations that subscribe to the HIE. Syncronys has successfully expanded its network, now connecting with 42 healthcare facilities and 40 clinical laboratories for public health reporting of notifiable conditions. The organization's daily data reporting to the New Mexico Department of Health supports several state programs, contributing to overall healthcare improvement in the state. With a team of 25 employees, Syncronys continues its mission to serve the community by improving healthcare through the use of technology.
Official website here: www.syncronys.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Syncronys has received a commendable Four-Star rating from Charity Navigator, indicating a strong emphasis on accountability and financial practices. The organization excels in maintaining an independent board, with 100% of its board members being independent. The financial oversight mechanisms are robust, as evidenced by the perfect scores in areas such as financial statements and the absence of material diversion of assets.
The charity demonstrates a commitment to transparency through its comprehensive policies, including conflict of interest and whistleblower policies, which are all listed and adhered to. Additionally, Syncronys allocates a significant portion of its expenses to programs, with a program expense ratio of 92.51%, showcasing its dedication to fulfilling its mission effectively.
While Syncronys has strong accountability and financial practices, it is essential for potential donors and supporters to consider the organization's overall impact and effectiveness in meeting its goals. However, the high rating reflects a solid foundation in financial integrity and governance, making it a reliable choice for philanthropic contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Syncronys legitimate?
Syncronys is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syncronys submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $454,795
Professional Fundraising Fees: $0
Other Salaries and Wages: $945,674
For more financial information, click here
Official website here: www.syncronys.org
What is the mission statement of Syncronys?
Syncronys is a non-profit organization established with the mission to enhance the quality, control costs, and expand access to healthcare. They achieve this goal by developing and operating a Health Information Exchange (HIE). The primary activity of Syncronys involves the development, operation, and maintenance of the designated HIE in a specific state. By doing so, they have expanded the number of organizations securely exchanging digital medical records, diagnostic images, and procedures with the HIE. Healthcare organizations that subscribe to the HIE also benefit from this service. Moreover, multiple state agencies subscribe to the HIE to support their programs. Syncronys maintains interfaces from various healthcare facilities and clinical laboratories for public health reporting of notifiable conditions, which are reported daily to the relevant health department.
Official website here: www.syncronys.org
Who is the CEO of Syncronys?
Teresa L Stewart is the Board Chair of Syncronys. The CEO's salary of Syncronys is $182,853 and their total compensation is $209,971.
Official website here: www.syncronys.org
What is the revenue of Syncronys?
Syncronys's revenue in 2022 was $3,298,283.
Official website here: www.syncronys.org
Who are the executives of Syncronys and what are their salaries?
The average compensation at Syncronys during 2022 was $56,019. There are 25 employees and 14 volunteers at Syncronys.
Here are 16 key members and their salaries (Syncronys's CEO's salary is $182,853 and their total compensation is $209,971):
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- Compensation: $182,853
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Official website here: www.syncronys.org
Where can I find the form 990 for Syncronys?
Syncronys's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.syncronys.org
Learn more at the official website: www.syncronys.org
Mission Statement of Syncronys
Syncronys, a non-profit organization, was established with a mission to improve the quality, control costs, and expand access to healthcare. They accomplish this goal by developing and operating a Health Information Exchange (HIE). This HIE aims to facilitate the secure exchange of digital medical records, diagnostic images, and procedures between various healthcare organizations and subscribers to the HIE. Syncronys' efforts have expanded the number of organizations participating in this exchange, thereby enhancing the efficiency and effectiveness of healthcare services.
Beyond this, Syncronys plays a crucial role in public health reporting. They maintain interfaces with 42 healthcare facilities and 40 clinical laboratories, allowing for the daily reporting of notifiable conditions to the New Mexico Department of Health. This data exchange is essential for supporting state programs and ensuring that healthcare services are informed by the most up-to-date information. In essence, Syncronys' mission is to leverage technology and collaboration to enhance healthcare delivery, ultimately improving patient outcomes and promoting a more efficient healthcare system.
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Impact
July, 2024
Syncronys has had a significant impact on improving the quality, controlling costs, and expanding access to healthcare in New Mexico through the development and operation of the state's designated Health Information Exchange (HIE). By facilitating the secure exchange of digital medical records, diagnostic images, and procedures among various healthcare organizations, Syncronys has enhanced coordination of care and data sharing in the healthcare ecosystem. Moreover, its interfaces with healthcare facilities and clinical laboratories have supported public health reporting of notifiable conditions, thereby contributing to disease surveillance and response efforts in the state. Syncronys's efforts have resulted in improved efficiency, better outcomes, and increased collaboration across the healthcare landscape in New Mexico.
This information is meant to be a general summary of Syncronys. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $241
- Program Service Revenue: $2,496,815
- Gross Receipts: $3,298,283
Assets and Liabilities:
- Total Assets: $4,340,079
- Total Liabilities: $725,115
- Net Assets: $3,614,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH INFORMATION NETWORK
Revenue
$2,496,815
Organization Details
Founding Year
1990
Phone
(505) 938-9901Principal Officer
Teresa L Stewart
Main Address
5338 MONTGOMERY BLVD NE 400, ALBUQUERQUE, NM, 87109
Website
www.syncronys.orgNTEE Category
Code: E21 - Health
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