Optimizing health by advancing the quality of medication use.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $7.4M in investments, Pt X · Ln 11–13
Looks good: 5.1 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
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.6M
-1% vs prior year
Spent
$6.7M
To programs
70%
Net assets
$7.1M
By yearFY2020–FY2024
Revenue
$6.6M
FY2023▼ -1%
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
$6.7M
FY2023▲ +12%
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
$7.1M
FY2023▲ +1%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

70 cents of each dollar spent went to programs.

Program services 70% · $4.7M Management & general 23% · $1.6M Fundraising 7% · $438K

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

32 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$416,000Pt VII · Sec A
Chief Quality and Innovati
$266,513Pt VII · Sec A
Chief Engagement Officer
$224,334Pt VII · Sec A
Senior Director, Quality Innovation
$216,350Pt VII · Sec A
Senior Director of Research
$183,199Pt VII · Sec A
Senior Director of Strategic Partnerships
$178,847Pt VII · Sec A
Chief Operating Officer
$168,526Pt VII · Sec A
Former Chief Operating Officer
$141,546Pt 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 · $4.7M · in their own filed words · FY2023
01

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…

$2.2Mprogram expense
02

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
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…

$624Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$158K
Money outPt IX
$6.7M
Ln 25
Programscol B$4.7M
Managementcol C$1.6M
Fundraisingcol D$438K
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$11.3M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
32
listed · VII A
PaidVII A8
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$158K
Gains on assetsLn 7$1K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$296K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$495K
Total assetsLn 16$11.3M
LiabilitiesLn 26$4.3M
Net assetsLn 32$7.1M
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 FY23End FY23
Cash and savingsLn 1–2$3.9M$2.8M
InvestmentsLn 11–13$4.7M$7.4M
Land, buildings, equipmentLn 10c$34K$54K
Total assetsLn 16$10.2M$11.3M
LiabilitiesLn 26$3.3M$4.3M
Net assetsLn 32$7.0M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$433K$300K$104K$30K
Pay of disqualified personsLn 6$3.9M$2.7M$934K$266K
Pension plan contributionsLn 8$222K$154K$53K$15K
Other employee benefitsLn 9$324K$224K$78K$22K
Payroll taxesLn 10$288K$199K$69K$20K
Legal feesLn 11b$45K$41K$4K
Accounting feesLn 11c$61K$61K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$267K$225K$42K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$42K$37K$3K$2K
OccupancyLn 16$156K$108K$37K$11K
TravelLn 17$227K$30K$138K$59K
Conferences, conventions and meetingsLn 19$447K$447K
Depreciation, depletion and amortizationLn 22$16K$8K$7K
InsuranceLn 23$18K$14K$4K
Other expenses (24a–d)Ln 24$228K$214K$15K
All other expensesLn 24e$17K$15K$2K
Total functional expensesLn 25$6.7M$4.7M$1.6M$438K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18.4M$7.1M$11.3M$18.2M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $6,566,364 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,283,430$3,808,554
I-9 Program service revenuePrior year $2,352,418$2,599,414
I-10 Investment incomePrior year $9,346$158,396
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,645,194$6,566,364
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 $4,509,463$5,162,060
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,477,987$1,549,469
I-18 Total expensesPrior year $5,987,450$6,711,529
I-19 Revenue less expensesPrior year $657,744−$145,165
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
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 $6,566,364 across 7 lines filed
VIII-1b Membership dues$2,563,495
VIII-1f All other contributions, gifts and grants$1,245,059
VIII-1h Total contributions, gifts and grants$3,808,554
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,599,414$2,599,414
VIII-3 Investment incomeExcluded from tax $157,065$157,065
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,331$1,331
VIII-12 Total revenueRelated to mission $2,599,414 · Unrelated business $0 · Excluded from tax $158,396$6,566,364
Part IX · Statement of functional expenses $6,711,529 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $299,502 · Management $103,787 · Fundraising $29,518$432,807
IX-6 Pay of disqualified personsPrograms $2,695,498 · Management $934,076 · Fundraising $265,655$3,895,229
IX-8 Pension plan contributionsPrograms $153,678 · Management $53,254 · Fundraising $15,146$222,078
IX-9 Other employee benefitsPrograms $223,972 · Management $77,614 · Fundraising $22,074$323,660
IX-10 Payroll taxesPrograms $199,494 · Management $69,131 · Fundraising $19,661$288,286
IX-11b Legal feesPrograms $41,312 · Management $4,086$45,398
IX-11c Accounting feesManagement $61,395$61,395
IX-11f Investment management feesManagement $13,726$13,726
IX-11g Other fees for servicesPrograms $224,855 · Management $41,967$266,822
IX-12 Advertising and promotionPrograms $11,395$11,395
IX-13 Office expensesPrograms $36,938 · Management $3,048 · Fundraising $1,714$41,700
IX-16 OccupancyPrograms $107,767 · Management $37,345 · Fundraising $10,620$155,732
IX-17 TravelPrograms $29,540 · Management $138,382 · Fundraising $59,307$227,229
IX-19 Conferences, conventions and meetingsPrograms $446,733$446,733
IX-22 Depreciation, depletion and amortizationPrograms $8,452 · Management $7,496$15,948
IX-23 InsurancePrograms $14,036 · Management $4,192$18,228
IX-24 Other expenses (24a–d)Programs $213,609 · Fundraising $14,752$228,361
IX-24e All other expensesPrograms $14,577 · Management $2,225$16,802
IX-25 Total functional expensesPrograms $4,721,358 · Management $1,551,724 · Fundraising $438,447$6,711,529
Part X · Balance sheet $11,338,840 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $150,000$296,172
X-2 Savings and temporary cash investmentsStart of year $3,793,758$2,545,902
X-3 Pledges and grants receivableStart of year $785,316$443,132
X-9 Prepaid expenses and deferred chargesStart of year $103,308$84,719
X-10c Land, buildings and equipment, netStart of year $34,226$53,996
X-11 Publicly traded securitiesStart of year $2,463,310$4,792,497
X-13 Program-related investmentsStart of year $2,263,597$2,627,237
X-15 Other assetsStart of year $630,820$495,185
X-16 Total assetsStart of year $10,224,335$11,338,840
X-17 Accounts payable and accrued expensesStart of year $682,112$806,882
X-19 Deferred revenueStart of year $1,816,088$2,857,866
X-25 Other liabilitiesStart of year $755,910$616,943
X-26 Total liabilitiesStart of year $3,254,110$4,281,691
X-27 Net assets without donor restrictionsStart of year $5,899,584$5,210,157
X-28 Net assets with donor restrictionsStart of year $1,070,641$1,846,992
X-32 Total net assets or fund balancesStart of year $6,970,225$7,057,149
X-33 Total liabilities and net assetsStart of year $10,224,335$11,338,840
Part XI · Reconciliation of net assets $7,057,149 net assets at year end
XI-1 Total revenue$6,566,364
XI-2 Total expenses$6,711,529
XI-3 Revenue less expenses−$145,165
XI-4 Net assets at start of year$6,970,225
XI-5 Net unrealized gains (losses) on investments$232,089
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,057,149

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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