Civic Intelligence

Pqa Inc.

990 • Fiscal year 2015 • EIN 26-2968498

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 28, 2016

6213 Old Keene Mill CourtSpringfield, VA 22152

(703) 690-1987

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.26x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.22x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

86th percentile

31%

Higher net margin than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$395,022

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2015 filings • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

61%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,591,435

Up $1,366,149 (+61%) from 2014

Net Assets

Up

$2,661,038

Up $1,300,210 (+96%) from 2014

Liabilities

Up

$930,397

Up $65,939 (+7.6%) from 2014

Revenue

Up

$4,251,772

Up $1,110,549 (+35%) from 2014

Expenses

Up

$2,934,167

Up $504,035 (+21%) from 2014

Net Income

Up

$1,317,605

Up $606,514 (+85%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $916,454Liabilities 2010: $431,810Net Assets 2010: $484,6442010Assets 2011: $1,415,183Liabilities 2011: $783,037Net Assets 2011: $632,1462011Assets 2013: $1,612,787Liabilities 2013: $909,214Net Assets 2013: $703,5732013Assets 2014: $2,225,286Liabilities 2014: $864,458Net Assets 2014: $1,360,8282014Assets 2015: $3,591,435Liabilities 2015: $930,397Net Assets 2015: $2,661,0382015Assets 2016: $4,324,562Liabilities 2016: $830,020Net Assets 2016: $3,494,5422016Assets 2017: $5,181,725Liabilities 2017: $663,401Net Assets 2017: $4,518,3242017Assets 2018: $5,602,361Liabilities 2018: $883,399Net Assets 2018: $4,718,9622018Assets 2019: $6,841,804Liabilities 2019: $2,387,764Net Assets 2019: $4,454,0402019Assets 2020: $7,664,287Liabilities 2020: $2,246,288Net Assets 2020: $5,417,9992020Assets 2021: $9,185,809Liabilities 2021: $2,546,554Net Assets 2021: $6,639,2552021Assets 2024: $22,567,000Liabilities 2024: $4,341,659Net Assets 2024: $18,225,3412024

Highlighted filing

2015

Assets$3,591,435
Liabilities$930,397
Net Assets$2,661,038

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $1,241,7872010Expenses 2011: $1,766,6472011Revenue 2013: $2,584,249Expenses 2013: $2,237,299Net Income 2013: $346,9502013Revenue 2014: $3,141,223Expenses 2014: $2,430,132Net Income 2014: $711,0912014Revenue 2015: $4,251,772Expenses 2015: $2,934,167Net Income 2015: $1,317,6052015Revenue 2016: $4,382,741Expenses 2016: $3,583,794Net Income 2016: $798,9472016Revenue 2017: $4,874,909Expenses 2017: $3,896,830Net Income 2017: $978,0792017Revenue 2018: $5,038,975Expenses 2018: $4,748,761Net Income 2018: $290,2142018Revenue 2019: $5,630,783Expenses 2019: $5,213,178Net Income 2019: $417,6052019Revenue 2020: $6,274,540Expenses 2020: $5,380,343Net Income 2020: $894,1972020Revenue 2021: $6,455,435Expenses 2021: $5,345,043Net Income 2021: $1,110,3922021Revenue 2024: $18,437,588Expenses 2024: $7,148,796Net Income 2024: $11,288,7922024

Highlighted filing

2015

Revenue$4,251,772
Expenses$2,934,167
Net Income$1,317,605
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 28, 2016
Return Version
2015v2.1
Gross Receipts
$4,570,909
Mission and Program Overview

Mission

To Improve the Quality of Medication Management

To improve the quality of medication management and use across healthcare settings with the goal of improving patients' health through a collaborative process to develop and implement performance measures and recognize examples of exceptional pharmacy quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,819,515$2,304,060▲ $484,545
Pledges and Grants Receivable$121,841$921,329▲ $799,488
Investments in Publicly Traded Securities$456,407$601,124▲ $144,717
Cash and Non-Interest-Bearing Accounts$98,766$94,398▼ $4,368
Other Notes and Loans Receivable, Net$123,421$61,500▼ $61,921
Prepaid Expenses and Deferred Charges$10,009$21,434▲ $11,425
Land, Buildings, and Equipment, Net$16,364$18,185▲ $1,821
Investments Program Related$-426,617$-436,175▼ $9,558
Total Assets$2,225,286$3,591,435▲ $1,366,149
Other Assets Total$5,580$5,580→ $0
Liabilities
Deferred Revenue$742,682$816,900▲ $74,218
Accounts Payable and Accrued Expenses$121,776$113,497▼ $8,279
Total Liabilities$864,458$930,397▲ $65,939
Net Assets / Fund Balance
Unrestricted Net Assets$960,068$1,336,628▲ $376,560
Temporarily Rstr Net Assets$400,760$1,324,410▲ $923,650
Total Net Assets Fund Balance$1,360,828$2,661,038▲ $1,300,210
Total Liabilities and Net Assets / Fund Balance$2,225,286$3,591,435▲ $1,366,149

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,142$10,583$23,725
Leasehold Improvements$5,043$1,440$6,483
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura Cranston RphExecutive DirectorFT$380,919$14,103$395,022
Edward EisenbergSenior Vice PresidentFT$225,142$28,798$253,940
Jacqueline a GreenChief Operating OfficerFT$198,647$1,700$200,347
Julianne KuhleVice PresidentFT$167,565$8,808$176,373
Lynn PezzulloDirectorFT$155,415$14,225$169,640
Samuel StopleDirectorFT$133,479$7,765$141,244
Revenue and Support

Revenue Composition

Contributions and Grants
$3,547,958
Program Service Revenue
$678,841
Investment Income
$24,973
Other Revenue
$0
All Other Contributions
$1,548,294
Change in Net Assets
$1,317,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,911,366
Other Expenses$1,022,801
Total Fundraising Expense$192,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$1,043,473$231,191$174,005$1,448,669
Other Salaries and Wages$260,200$85,316-$345,516
Conferences and Meetings$313,277-$7,000$320,277
Travel$115,421--$115,421
Payroll Taxes$70,152$15,589$11,692$97,433
Office Expenses$37,000$3,405-$40,405
Fees for Services Other$39,174--$39,174
Fees for Services Legal$30,000$3,036-$33,036
Occupancy$30,090--$30,090
Fees for Services Accounting$3,300$19,000-$22,300
All Other Expenses$21,105$925-$22,030
Information Technology$20,169--$20,169
Insurance$15,372$4,500-$19,872
Other Employee Benefits-$19,748-$19,748
Other Expenses$14,883$0-$14,883
Depreciation Depletion$2,000$1,750-$3,750
Advertising$225--$225
Total Functional Expenses$2,357,010$384,460$192,697$2,934,167
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The different classes of members are solely for determining their annual dues.

Form 990, Part VI, Section A, Line 7A

The different classes of members are solely for determining their annual dues. There is no difference in the voting rights of the members.

Form 990, Part VI, Section A, Line 7B

Members shall be entitled to vote on any amendment to the bylaws recommended by the board of directors and the new bylaws may be adopted with an affirmative vote of a simple majority (51%) of the members.

Form 990, Part VI, Section B, Line 11

The organization's board of directors review and approve the form 990.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy was developed and approved by the board in 2008. The annual disclosure forms were developed and distributed in 2009. The persons covered by the organization's conflict of interest policy are required to complete an annual statement of disclosure form which requires the disclosure of any interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members or significant others. The completed forms are subject to review by the organization's executive director and shared with the organization's general counsel. If conflicts are significant, they are brought to the attention of the board of directors for further evaluation and appropriate action.

Form 990, Part VI, Section B, Line 15

The executive director's compensation was determined by a compensation committee and independent consultant who used 990s for comparison and a survey. The committee approved the compensation. The executive director has a signed employment contract. Compensation for all employees is determined after a comparative analysis of similar positions and review by the executive director and appropriate board member.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pqa Inc
EIN
26-2968498
Phone
7036901987
Address
6213 OLD KEENE MILL COURT, SPRINGFIELD, VA 22152

Signing Officer

Name
Laura Cranston
Title
Executive Director
Phone
7036901987
Signed
2016-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Cranston
Formed
2008
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
Employees
13
Volunteers
450

Preparer

Firm
Kositzka Wicks and Company
Address
5270 SHAWNEE ROAD SUITE 250, ALEXANDRIA, VA 22312
Preparer
Stephen G Travis CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Pqa's finance and operations committee oversee the audit process.

Financial Statement Notes

PART X, LINE 2:

Pqa is exempt from federal income tax as a nonprofit organization described in section 501(c)(3) of the internal revenue code and is classified as an organization other than a private foundation. Pqa did not have a liability for unrelated business income for the year ended december 31, 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits