Pqa Inc
- Assets
- $11.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Alexandria, VA
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-2968498
Organization Overview
Pqa Inc is located in Alexandria, VA. The organization was established in 2009. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Pqa Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pqa Inc 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 12/2023, Pqa Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPTIMIZING HEALTH BY ADVANCING THE QUALITY OF MEDICATION USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PROGRAMS ARE THE FOLLOWING: 1) MEASURE DEVELOPMENT AND TESTING - PQA USES ITS RESOURCES TO CREATE AND DEVELOP PERFORMANCE MEASURES OF APPROPRIATE MEDICATION USE THAT CAN BE USED IN VARIOUS SETTINGS. THESE MEASURES RELATE TO PATIENTS' ADHERENCE TO MEDICATIONS USED TO TREAT CHRONIC DISEASES, PATIENTS' USE OF APPROPRIATE MEDICATIONS TO AVOID RISK TO THE ELDERLY POPULATION, AND ALSO MEASURES TO ADDRESS APPROPRIATE USE OF SEVERAL SPECIFIC THERAPEUTIC CATEGORIES OF MEDICATIONS, THAT TEND TO BE OVERUSED; 2) PQA ALSO SUPPORTS PROJECTS THAT UTILIZE PERFORMANCE MEASURES AND CREATE INTERVENTIONS THAT CAN BE USED AT THE POINT OF CARE TO DRIVE IMPROVEMENTS IN QUALITY AND PATIENT CARE.
MEASURE CONCEPTS FOR NEW DEVELOPMENT ARE IDENTIFIED THROUGH ENVIRONMENTAL SCANS AND THEN PRIORITIZED BY PQA STAFF WITH INPUT FROM MEMBERS. CONCEPTS SELECTED FOR DEVELOPMENT ALIGN WITH NATIONAL PRIORITIES, REPRESENT AREAS WHERE THERE ARE CLINICAL AND MEASUREMENT GAPS, AND HAVE THE GREATEST POTENTIAL FOR ADOPTION IN EXISTING MEASURE SETS AND PERFORMANCE SYSTEMS.
AS A QUALITY MEASURE RESEARCHER, PQA IS ENGAGED IN A WIDE VARIETY OF PROJECTS AND INITIATIVES POSITIONED ON INTERDISCIPLINARY COLLABORATION WITH MEMBER ORGANIZATIONS AND QUALITY STAKEHOLDERS. AS A HEALTHCARE QUALITY EDUCATOR, PQA OFFERS A WIDE RANGE OF LEARNING AND EDUCATION OPPORTUNITIES TO MEMBERS. THE GOAL OF OUR MEMBER EDUCATION PROGRAM IS TO PROMOTE THE USE AND IMPACT OF PQA MEASURES AND OTHER HEALTHCARE QUALITY TOPICS. MEMBERS CAN ACCESS THE FULL ARCHIVES OF ALL EDUCATIONAL MATERIALS ON THE MEMBER PORTAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Powers Director | Trustee | 1 | $0 |
Michael Taday Chair | OfficerTrustee | 1 | $0 |
Mike Duteau Immediate Past Chair | Trustee | 1 | $0 |
Rick Gates Secretary | OfficerTrustee | 1 | $0 |
Susan Cantrell Vice Chair | OfficerTrustee | 1 | $0 |
Sharon Jhawar Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omni Nashville Llc Annual Meeting | 12/30/23 | $293,471 |
Boston Properties Limited Partnership Rent | 12/30/23 | $151,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,563,495 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,245,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,808,554 |
| Total Program Service Revenue | $2,599,414 |
| Investment income | $157,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,566,364 |
| 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. | $432,807 |
| Compensation of current officers, directors, key employees. | $103,787 |
| Compensation to disqualified persons | $3,895,229 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $222,078 |
| Other employee benefits | $323,660 |
| Payroll taxes | $288,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,398 |
| Fees for services: Accounting | $61,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,726 |
| Fees for services: Other | $266,822 |
| Advertising and promotion | $11,395 |
| Office expenses | $41,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,732 |
| Travel | $227,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $446,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,948 |
| Insurance | $18,228 |
| All other expenses | $16,802 |
| Total functional expenses | $6,711,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,172 |
| Savings and temporary cash investments | $2,545,902 |
| Pledges and grants receivable | $443,132 |
| Accounts receivable, net | $0 |
| 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 | $84,719 |
| Net Land, buildings, and equipment | $53,996 |
| Investments—publicly traded securities | $4,792,497 |
| Investments—other securities | $0 |
| Investments—program-related | $2,627,237 |
| Intangible assets | $0 |
| Other assets | $495,185 |
| Total assets | $11,338,840 |
| Accounts payable and accrued expenses | $806,882 |
| Grants payable | $0 |
| Deferred revenue | $2,857,866 |
| 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 | $616,943 |
| Total liabilities | $4,281,691 |
| Net assets without donor restrictions | $5,210,157 |
| Net assets with donor restrictions | $1,846,992 |
| 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 | $11,338,840 |