HEALTHCARE QUALITY ASSOCIATION ON ACCREDITATION INC

EIN: 202218810 Community Improvement

WATERLOO, IA

Total Revenue
$2,279,054
Total Expenses
$2,249,180
Total Assets
$3,545,908
Net Assets
$2,570,696
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IA
Principal Officer
JOHN ROOFF
Phone
8669094722
Tax Period
2025-01-01 to 2025-12-31

HEALTHCARE QUALITY ASSOCIATION ON ACCREDITATION INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

ACCREDITATION SERVICES - TO DEFINE, ASSIST, SUPPORT AND ENSURE THAT DEMONSTRATION OF HIGH STANDARDS OF QUALITY AND BUSINESS PRACTICES EXIST IN THE HEALTHCARE INDUSTRY, SPECIFICALLY FOR ORGANIZATIONS THAT DISPENSE HOME MEDICAL EQUIPMENT INCLUDING RETAIL PHARMACIES, MEDICAL PRACTICES, HOME IV COMPOUNDING PHARMACIES, FACILITY-BASED VENTILATOR UNITS AND THIRD PARTY BILLING COMPANIES. HQAA AWARDS ACCREDITATION TO THOSE WHO HAVE BEEN OBSERVED TO BE PRACTICING INDUSTRY QUALITY-BASED STANDARDS AND PROVIDES CONTINUOUS SUPPORT IN THE MAINTENANCE OF THESE STANDARDS IN ORDER TO ENSURE CONSISTENT INTEGRITY WITHIN THESE HEALTHCARE SPECIALTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,162,977
Investment Income $116,077
Other Revenue $0
TOTAL REVENUE $2,279,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $985,093
Fundraising Expenses $0
Other Expenses $1,264,087
TOTAL EXPENSES $2,249,180

Year-over-Year Comparison

2025 2024 Change
Revenue $2,279,054 $3,585,240 -0.4%
Expenses $2,249,180 $2,543,809 -0.1%
Net Income $29,874 $1,041,431 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
13
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$231,816
Total Directors
6
$23,180
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA D PEARCE EXECUTIVE DI 40.00
Officer
$209,244 $7,392 $216,636
HAROLD DAVIS DIR. OF SURV 40.00
Highest
$111,136 $19,807 $130,943
CAROL LAUMER PRESIDENT 1.00
Officer Director
$5,680 $0 $5,680
ROBERT GREENWOOD DIRECTOR 1.00
Director
$4,000 $0 $4,000
MICHAEL MALLARO BOARD SECRET 1.00
Officer Director
$4,000 $0 $4,000
GREG PACKER DIRECTOR 1.00
Director
$4,000 $0 $4,000
DAVID LYMAN BOARD TREASU 1.00
Officer Director
$3,500 $0 $3,500
JOHN ROOFF VICE-PRESIDE 1.00
Officer Director
$2,000 $0 $2,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,279,054 $2,249,180 $3,545,908 $29,874
2024 $3,585,240 $2,543,809 $3,525,335 $1,041,431
2023 $2,419,329 $2,156,916 $3,141,163 $262,413
2022 $1,847,372 $1,913,157 $2,214,329 $-65,785
2021 $3,935,072 $2,429,197 $2,435,028 $1,505,875
2020 $2,157,615 $2,064,085 $1,983,563 $93,530
2019 $2,059,065 $2,079,681 $977,759 $-20,616
2018 $4,093,134 $2,883,056 $777,216 $1,210,078
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