American College Of Medical Quality
- Assets
- $201.3k
- Revenue
- $238.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lombard, IL
- Founding
- 08/1974
- Data as of
- 12/2021
- EIN
- 23-7318735
Organization Overview
American College Of Medical Quality is located in Lombard, IL. The organization was established in 1974. This organization is a parent organization of an affiliated group for tax-exemption purposes. American College Of Medical Quality is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American College Of Medical Quality generated $238.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $315.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN COLLEGE OF MEDICAL QUALITY INC. WAS ORGANIZED IN 1973 TO EDUCATE AND PROVIDE A FORUM FOR HEALTH CARE PROFESSIONALS, GOVERNMENT AGENCIES, AND OTHER REGULATORY BODIES INVOLVED IN MEDICAL QUALITY MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION MANAGEMENT FEES
EDUCATIONAL MATERIALS, NEWSLETTERS, JOURNAL AND STUDY GUIDES
SEMINARS, MEETINGS AND LECTURE SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan M Westphal MD President | OfficerTrustee | 10 | $0 |
Angelo A Caprio MD Treasurer | OfficerTrustee | 4 | $0 |
Lee Ann Riesenberg PHD Secretary | OfficerTrustee | 2 | $0 |
Aline Holmes Dnp RN Chairman | Trustee | 2 | $0 |
Lauren Miller Chairman | Trustee | 2 | $0 |
Kevin Hummel MD Chairman | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Affinity Strategies Management | 12/30/21 | $0 |
Sentergroup Management | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,848 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,848 |
| Total Program Service Revenue | $34,016 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $160,008 |
| Fees for services: Legal | $29,638 |
| Fees for services: Accounting | $100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,125 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,732 |
| All other expenses | $17,148 |
| Total functional expenses | $314,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,501 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $201,349 |
| Accounts payable and accrued expenses | $18,666 |
| Grants payable | $0 |
| Deferred revenue | $31,727 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,393 |
| Net assets without donor restrictions | $140,956 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $201,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Sports Medicine Inc Indianapolis, IN | $12,221,630 | $9,481,341 |
Musser-Davis Land Company Kansas City, MO | $17,498,776 | $1,666,095 |
University Medical Foundation Inc Louisville, KY | $12,425,544 | $1,582,627 |
Wisconsin School Of Professional Psychology Inc Milwaukee, WI | $2,955,587 | $1,856,092 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
American College Of Sports Medicine Indianapolis, IN | $2,135,970 | $586,582 |
American College Of Sports Medicine Foundation Incorporated Indianapolis, IN | $4,709,616 | $682,964 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |
American College Of Medical Quality Lombard, IL | $201,349 | $238,231 |
Chicago Committee On Trauma Of The American College Of Surgeons Bolingbrook, IL | $129,114 | $391,129 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $89,049 | $206,062 |
Lexington Clinic Foundation For Medical Education And Research Inc Lexington, KY | $676,643 | $195,952 |