Difference between revisions of "Contributed Income:"

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Contributed Income is defined as cash or in-kind resources that were given (not loaned) to the organization in the form of a gift or grant, and does not include Earned Income (membership dues, transaction fees, other earned revenue), loans or investor proceeds.  
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See also [[Funding Resources]] and [[Federal HIT Initiatives]]
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'''Contributed Income''' is defined as cash or in-kind resources that were given (not loaned) to the organization in the form of a gift or grant, and does not include Earned Income (membership dues, transaction fees, other earned revenue), loans or investor proceeds. These revenues include grants from governments and private philanthropy, as well as such in-kind grants as facility usage. Data from the [http://rhio.hittransition.com 2007 Survey of Regional Health Information Organization Finance] indicated that 84% of revenues in startup RHIOs is contributed -- up from 73% in 2006. While 2007 production RHIOs reported that contributed income represented a smaller portion of total income (34% -- down from 50% in 2006), total RHIO revenues appear to have remained relatively stable (2.31% growth), indicating that real grant dollars for production RHIO expansion have declined precipitously.
  
 
(Variations in the way income is classified for a particular RHIO may depend on legal and accountancy advice, local and state statutes and regulations, form of incorporation and IRS determination. In general, information in this section relate to RHIOs organized under section 501(c)3.)
 
(Variations in the way income is classified for a particular RHIO may depend on legal and accountancy advice, local and state statutes and regulations, form of incorporation and IRS determination. In general, information in this section relate to RHIOs organized under section 501(c)3.)
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[[Category:RHIO]]
 
[[Category:RHIO]]
 
[[Category:Blogposium]]
 
[[Category:Blogposium]]
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[[Category:Definition]]
  
 
--[[User:MichaelChristopher|Michael]] 15:35, 17 April 2006 (CDT)
 
--[[User:MichaelChristopher|Michael]] 15:35, 17 April 2006 (CDT)

Latest revision as of 18:41, 4 September 2007

See also Funding Resources and Federal HIT Initiatives

Contributed Income is defined as cash or in-kind resources that were given (not loaned) to the organization in the form of a gift or grant, and does not include Earned Income (membership dues, transaction fees, other earned revenue), loans or investor proceeds. These revenues include grants from governments and private philanthropy, as well as such in-kind grants as facility usage. Data from the 2007 Survey of Regional Health Information Organization Finance indicated that 84% of revenues in startup RHIOs is contributed -- up from 73% in 2006. While 2007 production RHIOs reported that contributed income represented a smaller portion of total income (34% -- down from 50% in 2006), total RHIO revenues appear to have remained relatively stable (2.31% growth), indicating that real grant dollars for production RHIO expansion have declined precipitously.

(Variations in the way income is classified for a particular RHIO may depend on legal and accountancy advice, local and state statutes and regulations, form of incorporation and IRS determination. In general, information in this section relate to RHIOs organized under section 501(c)3.)

--Michael 15:35, 17 April 2006 (CDT)