HEALTH QUALITY PARTNERS (EIN 233052666) - 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

2001

Legal Domicile

Principal Officer

KENNETH D COBURN MD DRPH FACP

Phone

2678801733

Tax Period

2024-07-01 to 2025-06-30

HEALTH QUALITY PARTNERS, founded in 2001, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.9M left a modest 10% surplus.

Mission

TO IMPROVE THE QUALITY & EXPERIENCE OF HEALTHCARE FOR PATIENTS, THEIR FAMILIES & HEALTHCARE PROVIDERS THROUGH APPLIED RESEARCH AND DESIGN OF NEW SYSTEMS OF ADVANCED PREVENTIVE CARE THAT IMPROVE POPULATION HEALTH OUTCOMES, ENHANCE PATIENT & PROVIDER EXPERIENCES, AND REDUCE HEALTH CARE COSTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,054,601

Investment Income $23,540

Other Revenue $0

TOTAL REVENUE $2,078,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $707,934

Fundraising Expenses $6,145

Program Expenses $1,392,332

Other Expenses $1,163,097

TOTAL EXPENSES $1,871,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,078,141	$2,364,041	-0.1%
Expenses	$1,871,031	$2,212,765	-0.2%
Net Income	$207,110	$151,276	+0.4%

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

N/A

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

$476,645

Total Directors

$476,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDRICK J WENZEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LEWIS CARBONE	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
KENNETH D COBURN MD DRPH FACP	PRESIDENT &	40.00	Officer Director	$0	$6,647	$256,818
SHERRY MARCANTONIO	SENIOR VICE	40.00	Officer Director	$0	$14,610	$219,827
ELYSE FOX	DIRECTOR	1.00	Director	$0	$0	$0
KIM KUHAR DO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A REIF	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE M OBRIEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CURRAN	SR DIR. ADMI	40.00	Highest	$0	$5,019	$172,324
MARYELLEN KELLER	SENIOR CLINI	40.00	Highest	$0	$0	$117,995
EUNYOUNG SONG	STRAT DATA S	40.00	Highest	$0	$0	$113,837
MICHAEL TARINO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM F MELMS	DIRECTOR	1.00	Director	$0	$0	$0

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	$2,078,141	$1,871,031	$896,577	$207,110
2024	$2,364,041	$2,212,765	$1,006,242	$151,276
2023	$1,974,350	$2,331,081	$1,165,334	$-356,731
2022	$2,231,853	$2,265,672	$671,332	$-33,819
2021	$2,552,958	$2,603,400	$1,214,164	$-50,442
2020	$2,818,155	$3,005,123	$1,060,670	$-186,968
2019	$2,450,442	$2,474,650	$833,979	$-24,208
2018	$2,402,638	$2,594,430	$762,277	$-191,792
2018	$2,402,638	$2,594,430	$762,277	$-191,792

HEALTH QUALITY PARTNERS