Carequality Inc
- Assets
- $3.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Vienna, VA
- Founding
- Data as of
- 12/2022
- EIN
- 83-1968538
Organization Overview
Carequality Inc is located in Vienna, VA. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, 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. Carequality 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 12/2022, Carequality Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAREQUALITY LESSENS THE BURDEN ON THE FEDERAL GOVERNMENT BY CREATING A FRAMEWORK TO SUPPORT THE SAFE AND SECURE EXCHANGE OF ELECTRONIC HEALTH INFORMATION AMONG DIFFERENT ELECTRONIC HEALTH SYSTEMS. CAREQUALITY SUPPORTS A ROBUST LEGAL AND POLICY FRAMEWORK CONSISTING OF A COMMON TRUST AGREEMENT, IMPLEMENTATION GUIDES AND TECHNICAL SPECIFICATIONS DEVELOPED BY A MULTI-STAKEHOLDER PROCESS STEWARDED BY CAREQUALITY. THE CAREQUALITY FRAMEWORK IS CONSENSUS BASED AND ALLOWS DIFFERENT EHEALTH IT VENDORS, PLATFORMS AND OTHERS TO ACHIEVE INTEROPERABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FEES AND DUES AND CONFERENCES - CAREQUALITY PROVIDES PROGRAMMATIC AND OPERATIONAL SUPPORT FOR THE CAREQUALITY INTEROPERABILITY FRAMEWORK, WHICH ENABLES HEALTH INFORMATION SHARING AMONG AND BETWEEN ALL TYPES OF HEALTH DATA NETWORKS.
US GOVERNMENT GRANTS - DURING 2022, THE ORGANIZATION PROVIDED SUB-CONTRACTOR SERVICES, IN CONNECTION WITH THE SEQUOIA PROJECT'S GRANT FROM THE US DEPT OF HEALTH AND HUMAN SERVICES (HHS) TO SERVE AS THE RECOGNIZED COORDINATING ENTITY (RCE) AND HELP DEVELOP THE TRUSTED EXCHANGE FRAMEWORK AND COMMON AGREEMENT TO SUPPORT NATIONWIDE EXCHANGE OF HEALTH INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariann Yeager Board Member/ceo Sequoia | OfficerTrustee | 4 | $0 |
Seth Selkow Board Chair | OfficerTrustee | 1 | $0 |
Hans Buitendijk Board Treasurer | OfficerTrustee | 1 | $0 |
James Murray Board Secretary | OfficerTrustee | 1 | $0 |
Paul Wilder Board Member | Trustee | 1 | $0 |
Russ Cucina MD Board Member | Trustee | 1 | $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 | $19,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,000 |
| Total Program Service Revenue | $2,615,609 |
| Investment income | $5,993 |
| 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 | $2,640,602 |
| 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 | $1,254,725 |
| Fees for services: Legal | $96,580 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,912 |
| Advertising and promotion | $45,625 |
| Office expenses | $7,698 |
| Information technology | $67,258 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,702,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,784,093 |
| Savings and temporary cash investments | $468,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,999 |
| 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 | $33,835 |
| 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 | $3,526,780 |
| Accounts payable and accrued expenses | $62,245 |
| Grants payable | $0 |
| Deferred revenue | $564,934 |
| 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 | $216,953 |
| Total liabilities | $844,132 |
| Net assets without donor restrictions | $2,682,648 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,526,780 |