Institute for Medical Quality (EIN 943240330) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

Lance R Lewis

Phone

9164445532

Tax Period

2019-01-01 to 2019-12-31

Institute for Medical Quality, founded in 1996, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2019. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 136% operating deficit.

Mission

The Institute for Medical Quality's (IMQ) mission is to be an innovative leader in improving the quality of care provided to patients across the continuum of health care by encouraging, developing and implementing programs which effectively measure and improve the quality of care provided to people in California and beyond. In support of its mission, IMQ will conduct educational programs and will evaluate health care delivery. It will be responsive to diverse constituencies, and its outcomes will be patient-oriented and population based.

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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%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $726,515

Investment Income $341,231

Other Revenue $0

TOTAL REVENUE $1,067,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,878

Fundraising Expenses $0

Program Expenses $1,577,443

Other Expenses $1,425,396

TOTAL EXPENSES $2,515,274

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,067,746	$2,069,127	-0.5%
Expenses	$2,515,274	$2,412,437	+0.0%
Net Income	$-1,447,528	$-343,310	+3.2%

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

150

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

$1,038,061

Total Directors

$1,649,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dustin Corcoran	Director	1	Director	$0	$73,762	$1,024,010
Lance R Lewis	CFO	1	Officer	$0	$60,538	$475,134
Victoria Samper	VP of Ambulatory Programs	35	Highest	$280,175	$29,056	$309,231
Sierra A Sanchez	Acting CEO	23	Officer	$0	$45,741	$276,147
Jill Silverman	President & CEO through Oct 2018	0	Director	$142,523	$10,067	$152,590
Alice Wertz	Director of Operations	35	Highest	$131,489	$19,189	$150,678
David Aizuss MD	Vice-Chair	1	Officer Director	$0	$0	$126,767
Peter N Bretan MD	Director	1	Director	$0	$0	$96,814
Theodore M Mazer MD	Chair	1	Officer Director	$0	$0	$68,967
Lee T Snook MD	Director	1	Director	$0	$0	$62,322
Tanya W Spirtos MD	President	1	Officer Director	$0	$0	$45,546
Robert Wailes MD	Secretary	1	Officer Director	$0	$0	$45,500
Shannon Udovic-Constant MD	Director	1	Director	$0	$0	$26,800
Sergio Flores MD	Treasurer	1	Officer Director	$0	$0	$0
William Tseng MD	Director	1	Director	$0	$0	$0
Edward A Chow MD	Director	1	Director	$0	$0	$0
Damodara Rajasekhar MD	Director	1	Director	$0	$0	$0
Margaret Parsons MD	Director	1	Director	$0	$0	$0
Sarada Mylavarapu MD	Director	1	Director	$0	$0	$0
Douglas P Brosnan MD	Director	1	Director	$0	$0	$0
James G Hinsdale MD	Director	1	Director	$0	$0	$0
William Norcross MD	Director	1	Director	$0	$0	$0
Anthony F Chong MD	Director	1	Director	$0	$0	$0
Sharon Levine MD	Director	1	Director	$0	$0	$0
Jeffrey Klingman MD	Director	1	Director	$0	$0	$0
Lee H Hilborne MD	Director	1	Director	$0	$0	$0
Scott R Karlan	Director	1	Director	$0	$0	$0
Jack Chou	Director	0	Director	$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
2019	$1,067,746	$2,515,274	$1,281,409	$-1,447,528
2018	$2,069,127	$2,412,437	$2,781,848	$-343,310

Institute for Medical Quality