HEALTH QUALITY INNOVATORS (EIN 541264320) - 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

1984

Legal Domicile

Principal Officer

DONALD A GLOZER

Phone

8042895320

Tax Period

2023-10-01 to 2024-09-30

HEALTH QUALITY INNOVATORS, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2017. Expenses of $9.3M left a modest 8% surplus.

Mission

CREATE SOLUTIONS THAT MAKE A MEASURABLE DIFFERENCE ON INDIVIDUAL AND COMMUNITY HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,450,870

Investment Income $884,624

Other Revenue $2,914

TOTAL REVENUE $16,338,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,444,144

Fundraising Expenses $0

Program Expenses $13,800,283

Other Expenses $5,564,800

TOTAL EXPENSES $14,008,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,338,408	$16,386,582	0.0%
Expenses	$14,008,944	$12,388,339	+0.1%
Net Income	$2,329,464	$3,998,243	-0.4%

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

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

$770,991

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT PROCTOR	CHAIRMAN	1.00	Officer Director	$800	$0	$800
CLIFTON PORTOR II	VICE CHAIRMAN	1.00	Officer Director	$800	$0	$800
LYNNE PARROTT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA MITTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY SLAUGHTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEE WHITE WHILBY	BOARD MEMBER	1.00	Director	$800	$0	$800
LINDSEY VAUGHAN MD	BOARD MEMBER	1.00	Director	$800	$0	$800
F ELLEN NETTING PHD MSSW	BOARD MEMBER	1.00	Director	$800	$0	$800
DONALD GLOZER	PRESIDENT & CEO	40.00	Officer	$327,802	$44,951	$372,753
THELMA BAKER	COO	40.00	Officer	$186,605	$31,373	$217,978
BRYAN MCDONALD	CFO	40.00	Officer	$151,361	$27,299	$178,660
JENNIFER BROCKMAN	VP ORGANIZATIONAL GROWTH	40.00	Highest	$160,425	$28,871	$189,296
SHARYN HUNT	CFO - ENDED 6/2023	40.00	Highest	$151,201	$28,190	$179,391
VIRGINIA BROOKS	VICE PRESIDENT	40.00	Highest	$143,683	$32,201	$175,884
SHELA MCCLEAN	SR. CONSULTING MANAGER	40.00	Highest	$141,623	$32,550	$174,173
DANA LAMMERT	SR. CONSULTING MANAGER	40.00	Highest	$134,901	$32,669	$167,570

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	$16,338,408	$14,008,944	$24,572,621	$2,329,464
2023	$16,386,582	$12,388,339	$20,410,732	$3,998,243
2022	$12,861,032	$9,541,295	$16,920,953	$3,319,737
2021	$9,735,290	$7,701,506	$15,027,557	$2,033,784
2020	$7,665,768	$8,548,567	$13,154,390	$-882,799
2019	$10,363,356	$9,588,913	$11,305,713	$774,443
2018	$10,201,311	$9,340,180	$10,772,330	$861,131

HEALTH QUALITY INNOVATORS