QUANTUM LEAP HEALTHCARE COLLABORATIVE

EIN: 204284925 501(c)(3) Human Services

SAN FRANCISCO, CA

Total Revenue
$45,147,899
Total Expenses
$47,759,442
Total Assets
$58,201,960
Net Assets
$28,827,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
JAMES PALAZZOLO
Phone
8558660505
Tax Period
2023-01-01 to 2023-12-31

QUANTUM LEAP HEALTHCARE COLLABORATIVE, founded in 2005, is a mid-sized nonprofit in the Human Services sector that reported $45.1M in total revenue in fiscal year 2023.

Mission

THE MISSION OF QUANTUM LEAP HEALTHCARE COLLARBORATIVE IS TO PROVIDE MANAGEMENT AND FINANCIAL SUPPORT TO HEALTHCARE RESEARCH ORGANIZATIONS, PARTICULARLY INVOLVING BREAST CANCER RESEARCH AND TREATMENT.

Program Service Accomplishments

Program 1
Expenses: $36,213,899 Revenue: $40,785,731

I-SPY TRIALS: QUANTUM LEAP SPONSORS THE I-SPY TRIALS (INVESTIGATION OF SERIAL STUDIES TO PREDICT YOUR THERAPEUTIC RESPONSE WITH IMAGING AND MOLECULAR ANALYSIS). I-SPY HAS BEEN RE-ENGINEERING THE...

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I-SPY TRIALS: QUANTUM LEAP SPONSORS THE I-SPY TRIALS (INVESTIGATION OF SERIAL STUDIES TO PREDICT YOUR THERAPEUTIC RESPONSE WITH IMAGING AND MOLECULAR ANALYSIS). I-SPY HAS BEEN RE-ENGINEERING THE APPROACH TO CLINICAL TRIALS, WITH A GOAL OF GETTING THE RIGHT DRUG TO THE RIGHT PATIENT AT THE TIME WHEN THEY WILL BENEFIT MOST, AND TO ACHIEVE THIS FASTER THAN POSSIBLE IN PREVIOUS TRIAL MODELS. ADDITIONALLY, I-SPY AIMS TO SIGNIFICANTLY REDUCE THE OVERALL COST, TIME, AND NUMBER OF PATIENTS REQUIRED TO BRING NEW DRUGS TO MARKET. THE I-SPY TRIAL PROGRAM INTEGRATES AND LINKS PHASE I (I-SPY PHASE 1), PHASE II (I-SPY 2), AND FUTURE PHASES TO BUILD A PIPELINE OF NOVEL AGENTS AND ACCELERATE THE PROCESS OF IDENTIFYING THE SUBSET OF HIGH-RISK BREAST CANCER PATIENTS THAT WILL BENEFIT FROM THESE NEW AGENTS, AND GET THESE DRUG INTO THE CLINIC IN A TIMELY MANNER.

Program 2
Expenses: $5,395,073 Revenue: $1,136,560

THE COVID/ARDS STUDY TRIAL FOCUSED ON PATIENTS WHOSE REACTIONS TO THE VIRUS MAKE THEM CRITICALLY ILL AND, IN MANY CASES, RESULT IN DEATH. THE TRIAL'S PRIMARY FOCUS WAS TO IDENTIFY PROMISING DRUGS...

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THE COVID/ARDS STUDY TRIAL FOCUSED ON PATIENTS WHOSE REACTIONS TO THE VIRUS MAKE THEM CRITICALLY ILL AND, IN MANY CASES, RESULT IN DEATH. THE TRIAL'S PRIMARY FOCUS WAS TO IDENTIFY PROMISING DRUGS THAT EITHER NEUTRALIZE THE VIRUS, HELP HEAL THE LUNG DAMAGE FROM THE VIRUS (WHICH CAUSED ACUTE RESPIRATORY DISTRESS SYNDROME), OR CHANGE THE IMMUNE SYSTEM REACTION RESULTING IN ILLNESS. THE TRIAL OPENED IN JUNE 2020 AND WILL CONTINUE UNTIL A DRUG OR COMBINATIONS OF DRUGS ARE FOUND THAT PREVENT THE NECESSITY FOR VENTILATION TREATMENT AND ELIMINATE DEATH FROM THE DISEASE. IN FISCAL YEAR 2022, THE PROTOCOL WAS AMENDED TO EXPAND TO ALL ILLNESSES CONTRIBUTING TO ADULT RESPIRATORY DISTRESS SYNDROME, OR ARDS.

Program 3
Expenses: $1,330,659 Revenue: $60,300

BREAST CANCER TRIALS (BCT) - LAUNCHED IN 2008, FOLLOWING A SUCCESSFUL UCSF-NCI SPONSORED RESEARCH PILOT, ITS MISSION IS TO MAKE PATIENT CONSIDERATION OF TRIALS THE NORM VS. THE EXCEPTION. WE BELIEVE...

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BREAST CANCER TRIALS (BCT) - LAUNCHED IN 2008, FOLLOWING A SUCCESSFUL UCSF-NCI SPONSORED RESEARCH PILOT, ITS MISSION IS TO MAKE PATIENT CONSIDERATION OF TRIALS THE NORM VS. THE EXCEPTION. WE BELIEVE THAT ALL PATIENTS SHOULD HAVE ACCESS TO THE LATEST MEDICAL KNOWLEDGE ABOUT BREAST CANCER TREATMENT AS WELL AS THE OPPORTUNITY TO ADVANCE BREAST CANCER RESEARCH. BCT LISTS OVER 600 STUDIES FOR PEOPLE WITH NEWLY DIAGNOSED BREAST CANCER, METASTATIC DISEASE, OR POST-TREATMENT SURVIVORS. IT INCLUDES INNOVATIVE TRIALS OF TARGETED AND IMMUNOTHERAPIES AS WELL AS OBSERVATIONAL STUDIES LOOKING AT QUALITY OF LIFE, GENETIC MUTATIONS, AND BREAST CANCER SURVIVORSHIP, ACCOMPANIED BY EASY-TO-READ TRIAL SUMMARIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,389,552
Program Service Revenue $42,063,571
Investment Income $1,694,776
Other Revenue $0
TOTAL REVENUE $45,147,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,595,045
Fundraising Expenses $460,963
Program Expenses $43,556,096
Other Expenses $28,164,397
TOTAL EXPENSES $47,759,442

Year-over-Year Comparison

2023 2022 Change
Revenue $45,147,899 $47,253,845 0.0%
Expenses $47,759,442 $47,240,395 +0.0%
Net Income $-2,611,543 $13,450 -195.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
121
Volunteers
25

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
3
$1,205,274
Total Directors
13
$120,000
Key Employees
3
$892,433
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE MANDELKERN MS CHAIRMAN 8.00
Officer Director
$120,000 $0 $120,000
LAURA ESSERMAN DIRECTOR, COFOUNDER 0.50
Director
$0 $0 $0
JEFFERY PFEFFER PHD DIRECTOR, COFOUNDER 0.50
Director
$0 $0 $0
ANNA BARKER PHD DIRECTOR 0.50
Director
$0 $0 $0
LUCAS DE BREED PHD MBA DIRECTOR 0.50
Director
$0 $0 $0
SUSAN FOLEY CFA DIRECTOR 0.50
Director
$0 $0 $0
MICHELE MARKUS DIRECTOR 0.50
Director
$0 $0 $0
ROBERT PATTERSON ESQ DIRECTOR 0.50
Director
$0 $0 $0
ROBYN LAWRIE RUTLEDGE MBA DIRECTOR 0.50
Director
$0 $0 $0
GREGORY C SIMON DIRECTOR 0.50
Director
$0 $0 $0
MARK SIMON MBA DIRECTOR 0.50
Director
$0 $0 $0
NMARCUS THYGESON MDMPH DIRECTOR 0.50
Director
$0 $0 $0
LAMBERT VAN DER WALDE MBA DIRECTOR 0.50
Director
$0 $0 $0
JAMES PALAZZOLO CEO 40.00
Officer
$577,025 $57,519 $634,544
KATHRYN WATSON-FEINER VICE PRESIDENT OF FINANCE 40.00
Officer
$400,075 $50,655 $450,730
ADAM ASARE CHIEF DATA OFFICER 40.00
Key Emp
$255,707 $12,839 $268,546
IMOGENE MDUNN VICE PRESIDENT STATISTICS 40.00
Key Emp
$341,812 $30,395 $372,207
RADHIKA SIVARAMAKRISHNA SR. VP, CLINICAL OPERATIONS 40.00
Key Emp
$220,140 $31,540 $251,680
KARYN DIGIORGIO CHIEF COLLABORATION OFFICER 40.00
Highest
$290,720 $40,345 $331,065
PAUL HENDERSON SR. DIRECTOR OF COLLABORATIONS 40.00
Highest
$236,971 $46,350 $283,321
PHILIP BEINEKE DIRECTOR OF BIOMETRICS, ONCOLOGY 40.00
Highest
$293,318 $52,306 $345,624
SARA HORTON EXECUTIVE DIRECTOR, DIVERSITY 40.00
Highest
$291,695 $7,648 $299,343
SRIKRISHNA POSA SR SOFTWARE ENGINEER (THRU 10/23) 40.00
Highest
$291,431 $9,138 $300,569
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
2024 No data No data No data No data
2023 $45,147,899 $47,759,442 $58,201,960 $-2,611,543
2022 $47,253,845 $47,240,395 $60,913,948 $13,450
2021 $56,142,324 $43,755,562 $64,443,428 $12,386,762
2021 $56,142,324 $43,755,562 $64,443,428 $12,386,762
2020 $40,966,658 $23,555,958 $46,710,842 $17,410,700
2019 $15,089,173 $14,639,065 $16,681,889 $450,108
2018 $12,445,452 $11,720,572 $13,623,504 $724,880
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