PQA INC (EIN 262968498) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2018. Expenses of $4.7M left a modest 6% surplus.

Mission

OPTIMIZING HEALTH BY ADVANCING THE QUALITY OF MEDICATION USE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

$495,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER POWERS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CANTRELL	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL TADAY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
SHARON JHAWAR	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES KIRBY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF ROCHON	TREASURER	1.00	Officer Director	$0	$0	$0
AMINA ABUBAKAR	DIRECTOR	1.00	Director	$0	$0	$0
PARMJIT AGARWAL	DIRECTOR	1.00	Director	$0	$0	$0
SHANTANU AGRAWAL	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA ARQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
ILISA BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CECI CONNOLLY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DELL	DIRECTOR	1.00	Director	$0	$0	$0
MICAH COST	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$455,279	$40,344	$495,623
LAURIN DIXON	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN ESTERLY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GARRELTS MACLEAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GARTNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HILL	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA HORNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KETCHAM	DIRECTOR	1.00	Director	$0	$0	$0
CYRSTAL LENNARTZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NIGHTENGALE	DIRECTOR	1.00	Director	$0	$0	$0
ANITA PATEL	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA ROLLE	DIRECTOR	1.00	Director	$0	$0	$0
DONALD R SCHMITZ	CHIEF ENGAGEMENT OFFICER	40.00	Highest	$262,468	$38,767	$301,235
LYNN PEZZULLO	SENIOR DIRECTOR, QUALITY I	40.00	Highest	$225,001	$43,017	$268,018
LISA HINES	CHIEF QUALITY AND INNOVATI	40.00	Highest	$308,228	$54,939	$363,167
MELISSA CASTORA-BINKLEY	SENIOR DIRECTOR OF RESEARC	40.00	Highest	$189,979	$46,427	$236,406
MELISSA VISCOVICH	CHIEF OPERATING OFFICER	40.00	Highest	$302,006	$38,383	$340,389

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	$18,437,588	$7,148,796	$22,567,000	$11,288,792
2023	$6,566,364	$6,711,529	$11,338,840	$-145,165
2022	$6,645,194	$5,987,450	$10,224,335	$657,744
2021	$6,455,435	$5,345,043	$9,185,809	$1,110,392
2020	$6,274,540	$5,380,343	$7,664,287	$894,197
2019	$5,630,783	$5,213,178	$6,841,804	$417,605
2018	$5,038,975	$4,748,761	$5,602,361	$290,214

PQA INC