Carequality Inc
Nonprofit profile at a glance
- EIN
- 831968538
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2018
- Location
- Vienna, VA, USA
- Phone
- 5713273637
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $3,799,452
- Expenses
- $2,868,252
- Assets
- $6,232,757
- Liabilities
- $1,267,318
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Mariann Yeager (Board Member/CEO Sequoia)
- Alan Swenson (Executive Director)
Highest reported compensation
- Mariann Yeager (Board Member/CEO Sequoia): $587,422 total reported compensation
- Debra Condrey (COO, Chief Information Off): $359,888 total reported compensation
- Alan Swenson (Executive Director): $347,816 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 60
- Accountability: 81
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.5%; rating input score 54
- Program expense ratio: 74%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 24.5%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 2.17; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 20.9% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 19.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 25.4% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 54.5% of revenue deployed · 74% of spending went to programs
- Governance: 5 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $587K · 11 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $2.3M reported
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.