Carequality Inc

EIN: 831968538 501(c)(3) Health Care

Vienna, VA

Total Revenue
$3,527,046
Total Expenses
$2,175,455
Total Assets
$5,011,318
Net Assets
$4,034,239
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
Alan Swenson
Phone
5713273637
Tax Period
2023-01-01 to 2023-12-31

Carequality Inc, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2020. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 25% operating margin.

Mission

Carequality lessens the burden on the federal government by creating a framework to support the safe and secure exchange of electronic health information among different electronic health systems. Carequality supports a robust legal and policy framework consisting of a common trust agreement, implementation guides and technical specifications developed by a multi-stakeholder process stewarded by Carequality. The Carequality framework is consensus based and allows different eHealth IT vendors, platforms and others to achieve interoperability.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,505,104
Investment Income $21,942
Other Revenue $0
TOTAL REVENUE $3,527,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,595,514
Other Expenses $2,175,455
TOTAL EXPENSES $2,175,455

Year-over-Year Comparison

2023 2022 Change
Revenue $3,527,046 $2,640,602 +0.3%
Expenses $2,175,455 $1,702,356 +0.3%
Net Income $1,351,591 $938,246 +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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Governance

Voting Members
7
Independent Members
6
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
7
$1,514,999
Total Directors
7
$556,959
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mariann Yeager Board Member/CEO Sequoia 10.00
Officer Director
$0 $53,412 $556,959
Seth Selkow Board Chair 1.00
Officer Director
$0 $0 $0
Hans Buitendijk Board Treasurer 1.00
Officer Director
$0 $0 $0
James Murray Board Secretary 1.00
Officer Director
$0 $0 $0
Paul Wilder Board Member 1.00
Director
$0 $0 $0
Russ Cucina MD Board Member 1.00
Director
$0 $0 $0
Sagnik Bhattacharya Board member 1.00
Director
$0 $0 $0
Alan Swenson Executive Director 40.00
Officer
$0 $41,805 $328,057
Debra Condrey COO, Chief Information Officer 10.00
Officer
$0 $27,121 $334,500
Alan Smith CFO 12.50
Officer
$0 $12,512 $295,483
Dawn Van Dyke VP Marketing, Sequoia 15.00
Highest
$0 $27,335 $225,069
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 No data No data No data No data
2023 $3,527,046 $2,175,455 $5,011,318 $1,351,591
2022 $2,640,602 $1,702,356 $3,526,780 $938,246
2021 $2,001,296 $1,625,928 $2,388,101 $375,368
2020 $1,619,147 $1,214,768 $1,985,420 $404,379
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