Center for Quality Systems Improvement dba Cynosure Health (EIN 260443177) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Ron Whiting

Phone

7036736971

Tax Period

2024-01-01 to 2024-12-31

Center for Quality Systems Improvement dba Cynosure Health, founded in 2007, is a micro nonprofit in the Health Care sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $387K exceeded revenue, resulting in a 340% operating deficit.

Mission

WE ARE DEDICATED TO IMPROVING HEALTH CARE AT THE LOCAL, REGIONAL AND NATION LEVEL.WE WORK COLLABORATIVELY WITH HOSPITALS, HOSPITAL ASSOCIATIONS, AND OTHERS WHO SEEKOUR EXPERTISE AND SUPPORT AS THEY WORK TOWARD IMPROVING QUALITY AND REDUCING PATIENT HARM.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,369

Investment Income $52,541

Other Revenue $0

TOTAL REVENUE $87,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,475

Fundraising Expenses $0

Program Expenses $98,480

Other Expenses $219,610

TOTAL EXPENSES $387,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,910	$2,128,795	-1.0%
Expenses	$387,085	$1,780,758	-0.8%
Net Income	$-299,175	$348,037	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$167,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Erath	Board Chair	20.00	Officer	$140,387	$0	$140,387
Ron Whiting	CFO	10.00	Officer	$27,088	$0	$27,088
Jason Byrd	Director	1.00	Director	$0	$0	$0
Irene Dankwa-Mullan	Director	1.00	Director	$0	$0	$0
Sue Murphy	Board Secretary	1.00	Officer	$0	$0	$0
Cheryl Damberg	Vice Chair	1.00	Officer	$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
2024	$87,910	$387,085	$1,148,050	$-299,175
2023	$2,124,294	$1,833,323	$1,666,401	$290,971
2022	$1,796,221	$1,763,915	$1,308,635	$32,306
2021	$1,785,342	$1,692,765	$1,341,904	$92,577
2020	$1,332,949	$1,556,097	$1,095,049	$-223,148
2019	$2,225,786	$2,144,957	$1,259,416	$80,829
2018	$3,200,349	$2,994,159	$1,362,963	$206,190

Center for Quality Systems Improvement dba Cynosure Health