QLARANT QUALITY SOLUTIONS INC

🔒

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

1973

Legal Domicile

Principal Officer

RONALD FORSYTHE

Phone

4108220697

Tax Period

2023-07-01 to 2024-06-30

QLARANT QUALITY SOLUTIONS INC, founded in 1973, is a mid-sized nonprofit in the Mental Health sector that reported $19.7M in total revenue in fiscal year 2023. Expenses of $17.5M left a modest 11% surplus.

Mission

QLARANT QUALITY SOLUTIONS' MISSION IS TO IMPROVE HEALTH IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $7,455,468 Revenue: $204,594

EXTERNAL QUALITY REVIEW - AUDITS MANAGED CARE HEALTH PLANS TO DETERMINE COMPLIANCE WITH CMS AND APPLICABLE STATE REQUIREMENTS AND PROVIDES QUALITY IMPROVEMENT TECHNICAL ASSISTANCE. FEDERAL...

EXTERNAL QUALITY REVIEW - AUDITS MANAGED CARE HEALTH PLANS TO DETERMINE COMPLIANCE WITH CMS AND APPLICABLE STATE REQUIREMENTS AND PROVIDES QUALITY IMPROVEMENT TECHNICAL ASSISTANCE. FEDERAL REGULATIONS REQUIRE THAT STATES OPERATING MEDICAID MANAGED CARE PROGRAMS CONTRACT WITH AN INDEPENDENT EXTERNAL QUALITY REVIEW ORGANIZATION (EQRO) TO ASSESS THE QUALITY, ACCESS AND TIMELINESS OF HEALTH SERVICES PROVED TO MEDICAID BENEFICIARIES.

Program 2

Expenses: $4,952,586 Revenue: $2,845,369

QUALITY IMPROVEMENT STUDIES ARE OUR QIN/QIO CONTRACTS. QIN/QIO ALIGNS WITH THE DHHS NATIONAL QUALITY STRATEGY INCLUDING BETTER CARE, BETTER HEALTH AND LOWER COSTS, PREVENTION AND POPULATION HEALTH...

QUALITY IMPROVEMENT STUDIES ARE OUR QIN/QIO CONTRACTS. QIN/QIO ALIGNS WITH THE DHHS NATIONAL QUALITY STRATEGY INCLUDING BETTER CARE, BETTER HEALTH AND LOWER COSTS, PREVENTION AND POPULATION HEALTH, EXPANDED HEALTH COVERAGE AND ENTERPRISE EXCELLENCE. WE FOCUS ON BEHAVIORAL HEALTH AND OPIOID MISUSE; PATIENT SAFETY, CHRONIC DISEASE MANAGEMENT, CARE TRANSITION, NURSING HOME QUALITY.

Program 3

Expenses: $674,400

GRANT SUPPORT PAID TO QLARANT, INC. AND QLARANT FOUNDATION, INC.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $15,889,572

Program Service Revenue $3,049,963

Investment Income $751,103

Other Revenue $0

TOTAL REVENUE $19,690,638

Expense Breakdown

Grants Paid $674,400

Salaries & Benefits $12,646,397

Fundraising Expenses $0

Program Expenses $13,082,454

Other Expenses $4,147,639

TOTAL EXPENSES $17,468,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,690,638	$18,726,393	+0.1%
Expenses	$17,468,436	$17,914,353	0.0%
Net Income	$2,222,202	$812,040	+1.7%

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

107

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

$1,532,155

Total Directors

$60,583

Key Employees

$1,123,937

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANTE'L BRADY	SECRETARY/TREASURER	1.00	Officer Director	$7,500	$0	$10,941
REGINA KNOX WOODS	CHAIR	1.50	Officer Director	$3,750	$0	$16,411
JONATHAN BOYER	DIRECTOR	1.00	Director	$7,500	$0	$10,941
CHRISTOPHER BROOMFIELD	DIRECTOR	0.25	Director	$7,500	$0	$10,941
ARNOLD WILLIAMS	DIRECTOR	1.00	Director	$7,908	$0	$11,349
ROBERT FOLEY	COO	44.00	Officer	$273,423	$67,618	$341,041
RONALD FORSYTHE	CEO - QLARANT	10.00	Officer	$157,122	$96,971	$938,096
JEFFREY WEISS	CFO - QLARANT	9.00	Officer	$38,206	$21,138	$225,666
BRIAN CLEARY	CHIEF INFORMATION OFFICER	9.00	Key Emp	$47,226	$55,909	$308,728
SHANNON WOLFE	CORPORATE SECURITY OFFICER	8.00	Key Emp	$41,995	$21,022	$245,834
MARION OLIVIER	VP, OPERATIONS	50.00	Key Emp	$187,889	$46,624	$234,513
LISA PRESTON FREEMAN	CHIEF HUMAN RESOURCE OFFICER	9.00	Key Emp	$52,648	$53,020	$334,862
HONGLI PU	VP NEW PRODUCT DEVELOPMENT	8.00	Highest	$45,229	$68,244	$310,368
WILLIAM MAPP	CHIEF TECHNOLOGY OFFICER	8.00	Highest	$44,075	$64,453	$300,405
DANIEL EDRIS	DIRECTOR, DATA MANAGEMENT	8.00	Highest	$34,089	$62,540	$245,031
CHRISTINE LEISTER	DIRECTOR, ACCOUNTING	7.00	Highest	$34,325	$58,937	$242,689
DEIRDRE STOKES	CONTRACT AND COMPLIANCE OFFICER	7.00	Highest	$31,538	$20,258	$189,092
DANA FIDLER	FORMER CFO - QLARANT	0.00		$19,666	$5,124	$110,406

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	No data	No data	No data	No data
2024	$19,690,638	$17,468,436	$24,648,969	$2,222,202
2023	$18,726,393	$17,914,353	$21,842,378	$812,040
2022	$16,783,383	$15,620,247	$21,232,602	$1,163,136
2021	$14,782,851	$13,522,898	$21,407,996	$1,259,953
2020	$14,946,663	$14,416,462	$20,971,741	$530,201
2019	$19,160,584	$18,109,180	$19,445,533	$1,051,404
2018	$23,310,272	$22,125,663	$19,153,683	$1,184,609