The Foundation for Healthcare Quality Inc

Nonprofit profile at a glance

EIN
851212555
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Park City, UT, USA
Phone
3106990860
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$132,354
Expenses
$123,208
Assets
$43,898
Liabilities
$3,147

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Michelle R Hackley (President/Executive Director)

People named in this filing

  • Michelle R Hackley (President/Executive Director)
  • Paul Aronzon (Treasurer)
  • M Freddie Reis (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide enterprise risk management support services to non-profit healthcare providers caring for underserved communities to achieve improved healthcare outcomes.

What it reported doing in 2024

Executive Director appointed as Risk Management counsel and legal consultant to the Cedars-Sinai Bioethics Committee and the Bioethics Executive Committee a. Provides risk management and regulatory compliance advice and services to the Committee, including advising on policy development and implementation. b. Provide risk management guidance for specific situations on case-by-case basis. 2. Executive Director served as Chair of Communications for the Southern California Association for Healthcare Risk Management. a. Supported the development of risk management, patient safety, and quality improvement educational content for delivery to risk management professionals serving throughout Southern California. 3. Author/co-author texts on a variety of patient safety, risk management, and regulatory compliance topics. 4. Developed educational content on a variety of patient safety, risk management, and regulatory compliance topics delivered to non-profit healthcare providers. 5. Developed pol

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.1%; rating input score 75
  • Program expense ratio: 80.6%; rating input score 81

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 6.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 64.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 27.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 23% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 26.6% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 75.1% of revenue deployed · 80.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $99K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.