FOUNDATION FOR HEALTH CARE QUALITY

EIN: 911419327 501(c)(3) Health Care

SEATTLE, WA

Total Revenue
$2,474,157
Total Expenses
$2,216,302
Total Assets
$1,551,745
Net Assets
$1,111,133
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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
1988
Legal Domicile
WA
Principal Officer
VIRGINIA WEIR
Phone
2062047377
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR HEALTH CARE QUALITY, founded in 1988, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 10% surplus.

Mission

TO CATALYZE HEALTH CARE QUALITY IMPROVEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $189,000
Program Service Revenue $2,283,452
Investment Income $1,374
Other Revenue $331
TOTAL REVENUE $2,474,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,166,510
Fundraising Expenses $0
Program Expenses $1,842,055
Other Expenses $1,049,792
TOTAL EXPENSES $2,216,302

Year-over-Year Comparison

2023 2022 Change
Revenue $2,474,157 $2,318,372 +0.1%
Expenses $2,216,302 $1,890,758 +0.2%
Net Income $257,855 $427,614 -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

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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
50

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
$173,149
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD RUBIN CHAIR 1.00
Officer Director
$0 $0 $0
STEVE LOVELL TREASURER 1.00
Officer Director
$0 $0 $0
LUANN CHEN BOARD MEMBER 1.00
Director
$0 $0 $0
JAC DAVIES BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD GOSS BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL KENT BOARD MEMBER 1.00
Director
$0 $0 $0
ASHOK REDDY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE RITALA BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN SEIB BOARD MEMBER 1.00
Director
$0 $0 $0
SHAWN WEST BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPHINE YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTIN PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY EVENS BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER CHEN BOARD MEMBER 1.00
Director
$0 $0 $0
JIM FREEBURG BOARD MEMBER 1.00
Director
$0 $0 $0
VIRGINIA WEIR CEO 40.00
Officer
$160,780 $12,369 $173,149
JEANNIE COLLINS-BRANDON PROGRAM DIRECTOR 40.00
Highest
$106,722 $4,239 $110,961
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 $2,474,157 $2,216,302 $1,551,745 $257,855
2023 $2,819,476 $2,158,256 $1,674,921 $661,220
2022 $2,318,372 $1,890,758 $1,017,305 $427,614
2021 $2,179,869 $1,866,500 $598,528 $313,369
2020 $2,138,783 $2,140,592 $565,451 $-1,809
2019 $1,991,618 $2,138,318 $340,739 $-146,700
2018 $2,293,746 $2,276,975 $417,530 $16,771
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