Institute for Medical Quality

EIN: 943240330 501(c)(3)

Sacramento, CA

Total Revenue
$1,067,746
Total Expenses
$2,515,274
Total Assets
$1,281,409
Net Assets
$568,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
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

IMQ is an organization dedicated to improving the quality of care provided to patients across the continuum of health care. IMQ offers a variety of educational, accreditation, consultation, and certification programs.

Program Service Accomplishments

Program 1
Expenses: $952,102 Revenue: $359,268

Ambulatory Care Review Program - IMQ accredits outpatient facilities, including surgicenters, fertility centers, medical groups, and medical offices by surveying them and reviewing their delivery of...

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Ambulatory Care Review Program - IMQ accredits outpatient facilities, including surgicenters, fertility centers, medical groups, and medical offices by surveying them and reviewing their delivery of care systems. This accreditation program is recognized by the Medical Board of California and other state regulatory bodies. It is a CMS-approved Ambulatory Surgical Center accreditation program.

Program 2
Expenses: $130,122 Revenue: $141,901

Corrections and Detention Health Care Program (CDHCP) - IMQ performs voluntary accreditation to health care services provided in both adult and juvenile detention facilities. Through an independent...

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Corrections and Detention Health Care Program (CDHCP) - IMQ performs voluntary accreditation to health care services provided in both adult and juvenile detention facilities. Through an independent review of delivered health services, IMQ's accreditation supports detention facilities in providing constitutionally adequate and regulation-compliant health care services for inmates/detainees. the CDHCP services include California Code of Regulations, Title 15 inspections for Medical/Mental Health and Nutrition services.

Program 3
Expenses: $247,525 Revenue: $14,636

Continuing Medical Education (CME) Accreditation Program - IMQ accredits hospitals and healthcare related organizations throughout California to provide CME programs to physicians. IMQ also provides...

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Continuing Medical Education (CME) Accreditation Program - IMQ accredits hospitals and healthcare related organizations throughout California to provide CME programs to physicians. IMQ also provides numerous CME programs.

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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 (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 Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
15
Employees
10
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
7
$1,038,061
Total Directors
24
$1,649,316
Key Employees
0
$0
Highest Compensated
2
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
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