Anesthesia Quality Institute
- Assets
- $618.0k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-3848288
Organization Overview
Anesthesia Quality Institute is located in Schaumburg, IL. The organization was established in 2009. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anesthesia Quality Institute 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 12/2022, Anesthesia Quality Institute generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AQI'S MISSION IS TO DEVELOP AND MAINTAIN AN ONGOING REGISTRY OF ANESTHESIA CASES AND OUTCOMES TO HELP ANESTHESIOLOGISTS ASSESS AND IMPROVE PATIENT CARE. THE AQI IS AGGREGATING ELECTRONIC ANESTHESIA CASE DATA AND REPORTING IT BACK TO CONTRIBUTING PRACTICES, ALLOWING THEM TO BENCHMARK THEIR CARE RELATIVE TO PEER GROUPS AND OTHER HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL ANESTHESIA CLINICAL OUTCOMES REGISTRY (NACOR) IS DESIGNATED AS A QUALIFIED REGISTRY (QR) AND QUALIFIED CLINICAL DATA REGISTRY (QCDR) BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES. WITH MILLIONS OF CASES AND GROWING, NACOR'S CLINICAL DATA INFORMS TREATMENT CHOICES AND HELPS CONTROL TREATMENT COSTS. NACOR IS OPERATED AND MAINTAINED BY AQI, WITH DATA WAREHOUSING AND ANALYTICS PROVIDED BY AN OUTSIDE VENDOR WITH AQI'S OVERSIGHT. NACOR PROVIDES CUSTOM CONTINUOUS PERFORMANCE MONITORS, GAP ANALYSIS AND PATIENT OUTLIER IDENTIFICATION, PEER-TO-PEER BENCHMARKS, ETC. IN ADDITION, NACOR SENDS QR AND QCDR DATA TO CMS ON BEHALF OF NACOR PRACTICES ELECTING TO PARTICIPATE IN QUALITY REPORTING.
THE CLOSED CLAIMS PROJECT IS DEDICATED TO THE SCIENTIFIC STUDIES OF ADVERSE ANESTHETIC OUTCOMES AND STUDIES OF MALPRACTICE CLAIMS AGAINST ANESTHESIOLOGISTS. THE PROJECT HAS OVER 10,000 CLAIMS FOR EVENTS FROM 1970-PRESENT. THE PROJECT WORKS TO IDENTIFY MAJOR SAFETY CONCERNS, PATTERNS OF INJURY AND STRATEGIES FOR IMPROVING PATIENT SAFETY BY ANESTHESIOLOGISTS WORKING IN PAIN MANAGEMENT, OPERATING ROOMS, LABOR FLOORS, REMOTE LOCATIONS AND CRITICAL CARE.
ALL OTHER PROGRAM RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mueller Chair | OfficerTrustee | 5 | $0 |
James R Mesrobian Treasurer (term Nov 2022) | OfficerTrustee | 5 | $0 |
Sheila Barnett Director | Trustee | 1 | $0 |
Lois A Connolly Director | Trustee | 1 | $0 |
Patrick J Mccormick Director | Trustee | 1 | $0 |
Mark Deshur Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epreop Data Services | 12/30/19 | $800,000 |
Arbormetrix Inc Data Services | 12/30/19 | $504,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $691,785 |
| 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 | $691,785 |
| Total Program Service Revenue | $1,517,362 |
| 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 | $2,212,897 |
| 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 | $872,635 |
| Pension plan accruals and contributions | $108,929 |
| Other employee benefits | $159,052 |
| Payroll taxes | $63,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29 |
| Fees for services: Accounting | $15,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $722,338 |
| Advertising and promotion | $0 |
| Office expenses | $8,837 |
| Information technology | $5,252 |
| Royalties | $0 |
| Occupancy | $50,627 |
| Travel | $1,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,076 |
| Insurance | $14,073 |
| All other expenses | $799,999 |
| Total functional expenses | $2,834,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,239 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,910 |
| Total assets | $618,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $196,176 |
| Total liabilities | $196,176 |
| Net assets without donor restrictions | $11,851 |
| Net assets with donor restrictions | $410,000 |
| 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 | $618,027 |
Grants Awarded
Over the last fiscal year, Anesthesia Quality Institute has awarded $322,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR ANESTHESIA EDUCATION & RESEARCH PURPOSE: RESEARCH GRANT | $262,500 |
MAYO FOUNDATION FOR MEDICAL EDUCATION AND RESEARCH PURPOSE: RESEARCH GRANT | $60,000 |