Cdi Quality Institute
- Assets
- $646.7k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-3685479
Organization Overview
Cdi Quality Institute is located in St Louis Park, MN. The organization was established in 2016. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cdi Quality Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Cdi Quality Institute generated $250.0k 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 (14.5%) each year. All expenses for the organization totaled $199.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CDI QUALITY INSTITUTE IS GOVERNED BY THE TERMS OF ITS BYLAWS. THE INSTITUTE HAS THE FOLLOWING PURPOSES: A) TO DEVELOP AND ADVANCE THE SCIENCE AND ART OF MEDICINE AND MEDICAL EDUCATION; B) TO PROMOTE THE PUBLIC HEALTH; C) TO PROVIDE CONTINUOUS QUALITY IMPROVEMENT, PEER REVIEW AND MENTORING TO THE RADIOLOGISTS ASSOCIATED WITH CDI AND INSIGHT; D) TO ENCOURAGE AND FOSTER THE SPIRIT OF FELLOWSHIP AND COOPERATION AMONG ITS MEMBERS; AND E) TO PURSUE ANY LAWFUL PURPOSE RELATED TO THE PURPOSES ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE UNITED STATES CENTERS FOR MEDICARE AND MEDICAID GRANTED THE CDI QUALITY INSTITUTE REQUALIFICATION AS A PROVIDER LED ENTITY (PLE). UNDER THIS DESIGNATION, THE INSTITUTE HAS AND CONTINUES TO DEVELOP SPECIFIC APPROPRIATE USE CRITERIA FOR ADVANCED IMAGING PROCEDURES. THESE CRITERIA ARE ELECTRONICALLY MADE AVAILABLE TO THE PUBLIC AND ARE LICENSED FOR USE BY FEDERALLY-QUALIFIED CLINICAL DECISION SUPPORT MECHANISMS. CURRENTLY, MEDICARE CLINICIANS WHO ORDER ADVANCED IMAGING STUDIES ARE ENCOURAGED TO CONSULT APPROPRIATE USE CRITERIA DEVELOPED BY A PLE. EXPENSES ARE RELATED DIRECTLY TO THE ADMINISTRATION OF THIS PROGRAM, INCLUDING STIPENDS FOR MEDICAL SUBJECT EXPERTS FROM ACROSS THE COUNTRY.
THE INSTITUTE ADMINISTERS A NATIONWIDE PEER REVIEW AND MENTORING PROGRAM FOR APPROXIMATELY 250 RADIOLOGISTS AND AFFILIATED PHYSICIANS. THIS PROGRAM IS RUN THROUGH A CUSTOMIZED, SECURE ELECTRONIC PORTAL AND BENEFITS THE MEMBERS OF THE INSTITUTE WHO MUST MEET PROFESSIONAL, ACCREDITATION AND REGULATORY REQUIREMENTS. THE INSTITUTE'S MEMBERS VOLUNTARILY COMPLETED OVER 13,000 REVIEWS OF THEIR PEERS' CLINICAL WORK, WHICH IS AN OVERAL 95 PERCENT COMPLETION RATE, BASED ON REVIEWS ASSIGNED TO INDIVIDUAL PHYSICIANS. THE PROGRAM, REFERRED TO AS THE "RADIOLOGIST QUALITY AND MENTORING PROGRAM OR RQM, IS UNIQUE IN THAT IT IS ALSO USED BY MEMBER MEDICAL DIRECTORS TO ASSIST IN THE MENTORING OF PHYSICIANS NEW TO THE MANY PHYSICIAN PRACTICES AFFILIATED WITH THE INSTITUTE. THE MULTI-FACETED RQM IS ESSENTIAL FOR THE PHYSICIAN PRACTICES TO MEET THEIR REIMBURSEMENT AND REGULATORY REQUIREMENTS AND TO PROVIDE HIGH QUALITY MEDICAL SERVICES THAT ENABLE THE MEMBER PHYSICIANS TO PROVIDE THE BEST CARE TO PATIENTS AND TO ADVANCE THEIR PRACTICES. THE RQM ALSO ENABLES PHYSICIAN PRACTICES TO PROMOTE THEIR COMMON BUSINESS INTERESTS AS ACCREDITED, HIGH QUALITY PROVIDERS OF RADIOLOGY AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Gilbert Chair Provider Led Entity | Trustee | 4 | $0 |
Dr Steven Pollei Medical Dir, Provider Led | Trustee | 2.7 | $0 |
Dr Robert Liddell Vice-Chair, Provider Led E | Trustee | 3 | $0 |
Dr Brian Schwartz Medical Director | Trustee | 2 | $0 |
Dr Joel Levine Medical Director | Trustee | 2 | $0 |
Dr Stephen Dorros End 123 Medical Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $250,000 |
| 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 | $250,000 |
| 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. | $29,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,750 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $657 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $199,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $646,698 |
| Accounts payable and accrued expenses | $27,472 |
| 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 | $0 |
| Total liabilities | $27,472 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $619,226 |
| Total liabilities and net assets/fund balances | $646,698 |