PQA INC

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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

2008

Legal Domicile

Principal Officer

MICAH COST

Phone

7033477963

Tax Period

2024-01-01 to 2024-12-31

PQA INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $18.4M in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.3M, a strong 61% operating margin.

Mission

OPTIMIZING HEALTH BY ADVANCING THE QUALITY OF MEDICATION USE.

Program Service Accomplishments

Program 1

Expenses: $1,618,294 Revenue: $14,260,006

THE ORGANIZATION'S PROGRAMS ARE THE FOLLOWING: 1) MEASURE DEVELOPMENT AND TESTING - PQA USES ITS RESOURCES TO CREATE AND DEVELOP PERFORMANCE MEASURES OF APPROPRIATE MEDICATION USE THAT CAN BE USED IN VARIOUS SETTINGS. THESE MEASURES RELATE TO PATIENTS' ADHERENCE TO MEDICATIONS USED TO TREAT CHRONIC DISEASES, PATIENTS' USE OF APPROPRIATE MEDICATIONS TO AVOID RISK TO THE ELDERLY POPULATION, AND ALSO MEASURES TO ADDRESS APPROPRIATE USE OF SEVERAL SPECIFIC THERAPEUTIC CATEGORIES OF MEDICATIONS, THAT TEND TO BE OVERUSED; 2) PQA ALSO SUPPORTS PROJECTS THAT UTILIZE PERFORMANCE MEASURES AND CREATE INTERVENTIONS THAT CAN BE USED AT THE POINT OF CARE TO DRIVE IMPROVEMENTS IN QUALITY AND PATIENT CARE.

Program 2

Expenses: $1,276,854

MEASURE CONCEPTS FOR NEW DEVELOPMENT ARE IDENTIFIED THROUGH ENVIRONMENTAL SCANS AND THEN PRIORITIZED BY PQA STAFF WITH INPUT FROM MEMBERS. CONCEPTS SELECTED FOR DEVELOPMENT ALIGN WITH NATIONAL...

MEASURE CONCEPTS FOR NEW DEVELOPMENT ARE IDENTIFIED THROUGH ENVIRONMENTAL SCANS AND THEN PRIORITIZED BY PQA STAFF WITH INPUT FROM MEMBERS. CONCEPTS SELECTED FOR DEVELOPMENT ALIGN WITH NATIONAL PRIORITIES, REPRESENT AREAS WHERE THERE ARE CLINICAL AND MEASUREMENT GAPS, AND HAVE THE GREATEST POTENTIAL FOR ADOPTION IN EXISTING MEASURE SETS AND PERFORMANCE SYSTEMS.

Program 3

Expenses: $1,873,144

AS A QUALITY MEASURE RESEARCHER, PQA IS ENGAGED IN A WIDE VARIETY OF PROJECTS AND INITIATIVES POSITIONED ON INTERDISCIPLINARY COLLABORATION WITH MEMBER ORGANIZATIONS AND QUALITY STAKEHOLDERS. AS A...

AS A QUALITY MEASURE RESEARCHER, PQA IS ENGAGED IN A WIDE VARIETY OF PROJECTS AND INITIATIVES POSITIONED ON INTERDISCIPLINARY COLLABORATION WITH MEMBER ORGANIZATIONS AND QUALITY STAKEHOLDERS. AS A HEALTHCARE QUALITY EDUCATOR, PQA OFFERS A WIDE RANGE OF LEARNING AND EDUCATION OPPORTUNITIES TO MEMBERS. THE GOAL OF OUR MEMBER EDUCATION PROGRAM IS TO PROMOTE THE USE AND IMPACT OF PQA MEASURES AND OTHER HEALTHCARE QUALITY TOPICS. MEMBERS CAN ACCESS THE FULL ARCHIVES OF ALL EDUCATIONAL MATERIALS ON THE MEMBER PORTAL.

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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 $3,199,699

Program Service Revenue $2,865,595

Investment Income $12,372,294

Other Revenue $0

TOTAL REVENUE $18,437,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,401,171

Fundraising Expenses $389,271

Program Expenses $4,768,292

Other Expenses $1,747,625

TOTAL EXPENSES $7,148,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,437,588	$6,566,364	+1.8%
Expenses	$7,148,796	$6,711,529	+0.1%
Net Income	$11,288,792	$-145,165	-78.8%

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

Volunteers

250

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

$495,623

Total Directors