QUANTUM LEAP HEALTHCARE COLLABORATIVE (EIN 204284925) - Form 990 Financial Analysis & Trantor Score

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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

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 (CONTINUED ON SCH. O)MANAGEMENT AND FINANCIAL SUPPORT TO HEALTHCARE RESEARCH ORGANIZATIONS, PARTICULARLY INVOLVING BREAST CANCER RESEARCH AND TREATMENT.

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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%)

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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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

Governance

Voting Members

Independent Members

Employees

121

Volunteers

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

$1,205,274

Total Directors

$120,000

Key Employees

$892,433

Highest Compensated

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

QUANTUM LEAP HEALTHCARE COLLABORATIVE