MEDQUARTER INC

EIN: 352576257 Community Improvement

CEDAR RAPIDS, IA

Total Revenue
$233,358
Total Expenses
$159,493
Total Assets
$1,032,093
Net Assets
$1,032,093
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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
2016
Legal Domicile
IA
Principal Officer
PHILIP WASTA
Phone
3193985317
Tax Period
2024-07-01 to 2025-06-30

MEDQUARTER INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2024. The organization ran a surplus of $74K, a strong 32% operating margin.

Mission

TO PROMOTE A MEDICAL COMMUNITY THAT IMPROVES QUALITY OF LIFE & ADVOCATES FOR NEW BUSINESS & JOBS

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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 $202,000
Program Service Revenue $0
Investment Income $31,358
Other Revenue $0
TOTAL REVENUE $233,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $159,493
TOTAL EXPENSES $159,493

Year-over-Year Comparison

2024 2023 Change
Revenue $233,358 $243,371 0.0%
Expenses $159,493 $345,299 -0.5%
Net Income $73,865 $-101,928 -1.7%
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
2
Independent Members
2
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY GREENE SECRETARY 1.00
Officer Director
$0 $0 $0
TIM QUINN TREASURER 1.00
Officer Director
$0 $0 $0
PHILIP WASTA PRESIDENT 4.00
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
2025 $233,358 $159,493 $1,032,093 $73,865
2024 $243,371 $345,299 $972,593 $-101,928
2023 $222,969 $53,020 $1,053,622 $169,949
2022 $254,244 $264,612 $881,071 $-10,368
2021 $276,138 $583,075 $953,696 $-306,937
2020 $284,890 $738,412 $1,202,214 $-453,522
2019 $283,100 $67,982 $1,697,014 $215,118
2018 $255,719 $43,490 $1,488,490 $212,229
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