GI QUALITY IMPROVEMENT CONSORTIUM LTD

EIN: 264016115 501(c)(3) Diseases & Disorders

NORTH BETHESDA, MD

Total Revenue
$2,628,054
Total Expenses
$3,198,593
Total Assets
$5,306,550
Net Assets
$4,656,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MD
Principal Officer
COSTAS KEFALAS MD
Phone
3012639000
Tax Period
2024-01-01 to 2024-12-31

GI QUALITY IMPROVEMENT CONSORTIUM LTD, founded in 2009, is a community nonprofit in the Diseases & Disorders sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE GI QUALITY IMPROVEMENT CONSORTIUM, LTD IS AN EDUCATIONAL AND SCIENTIFIC ORGANIZATION ESTABLISHED BY PHYSICIANS SPECIALIZING IN GASTROENTEROLOGY. THE CONSORTIUM'S PURPOSE IS TO IMPROVE THE QUALITY OF MEDICAL CARE GIVEN TO PATIENTS THROUGHOUT THE UNITED STATES AND ABROAD AND THEREBY IMPROVE AND PROMOTE THE HEALTH OF THE GENERAL PUBLIC CONSISTENT WITH SECTION 501(C)(3). THE CONSORTIUM HAS DESIGNED, DEVELOPED, AND IS UTILIZING VARIOUS MEASUREMENTS OF ENDOSCOPIC TECHNIQUES OF PRACTICING GASTROENTEROLOGISTS IN A PROCESS REFERRED TO AS BENCHMARKING. THE COLLECTION AND SCIENTIFIC MEASUREMENT OF DATA COLLECTED IN REFERENCE TO THE QUALITY OF EDOSCOPIC PROCEDURES WILL IMPROVE THE QUALITY OF MEDICAL CARE BEING GIVEN TO PATIENTS. OVER TIME, IT IS BELIEVED THAT THE PROJECT CAN DETERMINE WHICH INDICATORS ARE GOOD MEASURES FOR IMPROVING PATIENT TREATMENT AND OUTCOMES.

Program Service Accomplishments

Program 1
Expenses: $3,027,202 Revenue: $2,496,013

THE CONSORTIUM HAS DESIGNED AND DEVELOPED VARIOUS MEASUREMENTS OF ENDOSCOPIC TECHNIQUES THAT WILL LEAD TO IMPROVED QUALITY OF CARE FOR PATIENTS. AS OUR RECRUITED GASTROENTEROLOGY BASE OF MEMBERS...

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THE CONSORTIUM HAS DESIGNED AND DEVELOPED VARIOUS MEASUREMENTS OF ENDOSCOPIC TECHNIQUES THAT WILL LEAD TO IMPROVED QUALITY OF CARE FOR PATIENTS. AS OUR RECRUITED GASTROENTEROLOGY BASE OF MEMBERS CONTINUES TO EXPAND, THE QUANTITY AND QUALITY OF SUBMITTED DATA INDICATORS ALLOWS GASTROENTEROLOGISTS TO IMPROVE HEALTHCARE OUTCOMES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,496,013
Investment Income $131,560
Other Revenue $481
TOTAL REVENUE $2,628,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,027,202
Other Expenses $3,198,593
TOTAL EXPENSES $3,198,593

Year-over-Year Comparison

2024 2023 Change
Revenue $2,628,054 $2,671,741 0.0%
Expenses $3,198,593 $2,454,018 +0.3%
Net Income $-570,539 $217,723 -3.6%
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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY YEPURI MD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KATIE FARAHMD SECRETARY 1.00
Officer Director
$0 $0 $0
COLLEEN SCHMITT MD PRESIDENT 3.00
Officer Director
$0 $0 $0
BRETT BERNSTEIN DIRECTOR 1.00
Director
$0 $0 $0
AASMA SHAUKAT DIRECTOR 1.00
Director
$0 $0 $0
JOE VICARI TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL WALLACE 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
2024 $2,628,054 $3,198,593 $5,306,550 $-570,539
2023 $2,671,741 $2,454,018 $5,297,954 $217,723
2022 $2,852,590 $2,481,760 $4,706,655 $370,830
2021 $2,690,271 $2,039,501 $4,563,310 $650,770
2020 $2,795,180 $1,886,171 $4,127,036 $909,009
2019 $2,727,334 $2,028,368 $3,312,332 $698,966
2018 $2,766,715 $1,880,023 $4,474,324 $886,692
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