Optimizing health by advancing the quality of medication use.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 275 volunteers and 36 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.8M a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $19.2M in investments, Pt X · Ln 11–13
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
+181% vs prior year
Spent
$7.1M
To programs
67%
Net assets
$18.2M
By yearFY2020–FY2024
Revenue
$18.4M
FY2024▲ +181%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.3M
FY2021$6.5M
FY2022$6.6M
FY2023$6.6M
FY2024$18.4M
Expenses
$7.1M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$5.3M
FY2022$6.0M
FY2023$6.7M
FY2024$7.1M
Net assets
$18.2M
FY2024▲ +158%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$6.6M
FY2022$7.0M
FY2023$7.1M
FY2024$18.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $4.8M Management & general 28% · $2.0M Fundraising 5% · $389K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$455,279Pt VII · Sec A
Chief Quality and Innovati
$308,228Pt VII · Sec A
Chief Operating Officer
$302,006Pt VII · Sec A
Chief Engagement Officer
$262,468Pt VII · Sec A
Senior Director, Quality I
$225,001Pt VII · Sec A
Senior Director of Researc
$189,979Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Micah Cost’s $455K as Chief Executive Officer is at the 72nd percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Cranston Rph————$521,278
Micah Cost$455,279$416,000$472,697$308,475—
Jacqueline a Green——$373,191$285,000$272,771
Lisa Hines$308,228$266,513$297,221$223,667$142,038
Melissa Viscovich$302,006$168,526———
Donald R Schmitz$262,468$224,334$235,762$186,000$148,197
Lynn Pezzullo$225,001$216,350$212,992$186,666$180,173
Rachel Digmann——$206,525$176,440—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves medication safety and effectiveness through research and education.

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Provided by the organization

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3 programs · $4.8M · in their own filed words · FY2024
01

As a quality measure researcher, pqa is engaged in a wide variety of projects and initiatives positioned on interdisciplinary collaboration with member organizations and quality stakeholders. As a healthcare quality educator, pqa offers a wide range of learning and education opportunities to members.

$1.9Mprogram expense
02

The Organization's Programs Are the Following

1) measure development and testing - pqa uses its resources to create and develop performance measures of appropriate medication use that can be used in various settings. These measures relate to patients' adherence to medications used to treat chronic diseases, patients' use of appropriate medications to avoid risk to the elderly…

$1.6Mprogram expense
03

Measure concepts for new development are identified through environmental scans and then prioritized by pqa staff with input from members. Concepts selected for development align with national priorities, represent areas where there are clinical and measurement gaps, and have the greatest potential for adoption in existing measure sets…

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Investment incomeLn 3$12.4M
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$2.9M
Money outPt IX
$7.1M
Ln 25
Programscol B$4.8M
Managementcol C$2.0M
Fundraisingcol D$389K
Owns and owesPt X
$18.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$22.6M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
30
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$12.4M
Gains on assetsLn 7$11.5M
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
CashLn 1$285K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$19.2M
Land, buildings, equipmentLn 10c$389K
Other assetsLn 15$913K
Total assetsLn 16$22.6M
LiabilitiesLn 26$4.3M
Net assetsLn 32$18.2M
OperationsPt I, VI
EmployeesI 536
VolunteersI 6275
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.8M$1.8M
InvestmentsLn 11–13$7.4M$19.2M
Land, buildings, equipmentLn 10c$54K$389K
Total assetsLn 16$11.3M$22.6M
LiabilitiesLn 26$4.3M$4.3M
Net assetsLn 32$7.1M$18.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$451K$319K$102K$30K
Other salaries and wagesLn 7$4.1M$2.9M$938K$276K
Pension plan contributionsLn 8$246K$174K$56K$16K
Other employee benefitsLn 9$267K$189K$61K$18K
Payroll taxesLn 10$306K$216K$69K$20K
Legal feesLn 11b$46K$1K$45K
Accounting feesLn 11c$86K$86K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$235K$209K$25K
Advertising and promotionLn 12$8K$100$8K
Office expensesLn 13$3K$242$3K
Information technologyLn 14$177K$177K
OccupancyLn 16$157K$157K
TravelLn 17$161K$99K$33K$29K
Conferences, conventions and meetingsLn 19$449K$398K$51K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$358K$238K$120K
All other expensesLn 24e$13K$8K$5K
Total functional expensesLn 25$7.1M$4.8M$2.0M$389K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $18.4M$7.1M$11.3M$18.2M 990 PDF
FY2023 $6.6M$6.7M−$145K$7.1M 990 PDF
FY2022 $6.6M$6.0M$658K$7.0M 990 PDF
FY2021 $6.5M$5.3M$1.1M$6.6M 990 PDF
FY2020 $6.3M$5.4M$894K$5.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $18,437,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,808,554$3,199,699
I-9 Program service revenuePrior year $2,599,414$2,865,595
I-10 Investment incomePrior year $158,396$12,372,294
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,566,364$18,437,588
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,162,060$5,401,171
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,549,469$1,747,625
I-18 Total expensesPrior year $6,711,529$7,148,796
I-19 Revenue less expensesPrior year −$145,165$11,288,792
Part VI · Governance 24 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,437,588 across 7 lines filed
VIII-1b Membership dues$2,390,636
VIII-1f All other contributions, gifts and grants$809,063
VIII-1h Total contributions, gifts and grants$3,199,699
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,865,595$2,865,595
VIII-3 Investment incomeExcluded from tax $833,543$833,543
VIII-7 Net gain or loss on sales of assetsRelated to mission $11,394,411 · Excluded from tax $144,340$11,538,751
VIII-12 Total revenueRelated to mission $14,260,006 · Unrelated business $0 · Excluded from tax $977,883$18,437,588
Part IX · Statement of functional expenses $7,148,796 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $318,847 · Management $102,475 · Fundraising $30,111$451,433
IX-7 Other salaries and wagesPrograms $2,917,545 · Management $937,680 · Fundraising $275,520$4,130,745
IX-8 Pension plan contributionsPrograms $173,866 · Management $55,879 · Fundraising $16,419$246,164
IX-9 Other employee benefitsPrograms $188,555 · Management $60,600 · Fundraising $17,806$266,961
IX-10 Payroll taxesPrograms $216,035 · Management $69,432 · Fundraising $20,401$305,868
IX-11b Legal feesPrograms $1,030 · Management $45,377$46,407
IX-11c Accounting feesManagement $86,409$86,409
IX-11f Investment management feesManagement $19,047$19,047
IX-11g Other fees for servicesPrograms $209,365 · Management $25,408$234,773
IX-12 Advertising and promotionPrograms $100 · Management $8,343$8,443
IX-13 Office expensesPrograms $242 · Management $2,833$3,075
IX-14 Information technologyManagement $176,597$176,597
IX-16 OccupancyManagement $157,217$157,217
IX-17 TravelPrograms $98,874 · Management $32,927 · Fundraising $29,014$160,815
IX-19 Conferences, conventions and meetingsPrograms $397,893 · Management $50,678$448,571
IX-22 Depreciation, depletion and amortizationManagement $20,615$20,615
IX-23 InsuranceManagement $14,735$14,735
IX-24 Other expenses (24a–d)Programs $238,434 · Management $119,515$357,949
IX-24e All other expensesPrograms $7,506 · Management $5,466$12,972
IX-25 Total functional expensesPrograms $4,768,292 · Management $1,991,233 · Fundraising $389,271$7,148,796
Part X · Balance sheet $22,567,000 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $296,172$285,050
X-2 Savings and temporary cash investmentsStart of year $2,545,902$1,540,483
X-3 Pledges and grants receivableStart of year $443,132$100,456
X-9 Prepaid expenses and deferred chargesStart of year $84,719$152,004
X-10c Land, buildings and equipment, netStart of year $53,996$388,902
X-11 Publicly traded securitiesStart of year $4,792,497$19,186,687
X-13 Program-related investmentsStart of year $2,627,237$0
X-15 Other assetsStart of year $495,185$913,418
X-16 Total assetsStart of year $11,338,840$22,567,000
X-17 Accounts payable and accrued expensesStart of year $806,882$970,691
X-19 Deferred revenueStart of year $2,857,866$2,794,700
X-25 Other liabilitiesStart of year $616,943$576,268
X-26 Total liabilitiesStart of year $4,281,691$4,341,659
X-27 Net assets without donor restrictionsStart of year $5,210,157$0
X-28 Net assets with donor restrictionsStart of year $1,846,992$18,225,341
X-32 Total net assets or fund balancesStart of year $7,057,149$18,225,341
X-33 Total liabilities and net assetsStart of year $11,338,840$22,567,000
Part XI · Reconciliation of net assets $18,225,341 net assets at year end
XI-1 Total revenue$18,437,588
XI-2 Total expenses$7,148,796
XI-3 Revenue less expenses$11,288,792
XI-4 Net assets at start of year$7,057,149
XI-5 Net unrealized gains (losses) on investments−$120,600
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,225,341

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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