Anesthesia Quality Institute

Tax-deductible

Schaumburg, IL501(c)(3)Health CareEIN 26-3848288Revenue $2.7M in FY2024

On file with the IRSaqihq.org1061 American Ln, 60173-4973 · Schaumburg, ILTax-exempt since Jun 2009Supporting organization — 509(a)(3)

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The aqi's mission is to develop and maintain an ongoing registry of Anesthesia cases and outcomes to help anesthesiologists assess and improve patient care. The aqi is aggregating electronic Anesthesia case data and reporting IT back to contributing practices, allowing them to benchmark their care relative to peer groups and other hospitals.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 61 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
0 of 5
filings with a surplus
Average deficit $422K a year · 17% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.1M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$476K
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+12% vs prior year
Spent
$2.9M
To programs
89%
Net assets
$12K
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.8M
FY2022$2.2M
FY2023$2.4M
FY2024$2.7M
Expenses
$2.9M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.0M
FY2022$2.8M
FY2023$2.7M
FY2024$2.9M
Net assets
$12K
FY2024▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.0M
FY2022$422K
FY2023$97K
FY2024$12K

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 Jun 2009.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.6M Management & general 11% · $317K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marc Bernstein’s $303K as Aqi CEO is at the 89th percentile of top reported officer pay among 3129 $1–10M 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 · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Marc Bernstein$303,007———
Katherine E Wochos—$158,179$143,373$161,393
Hubert Kordylewski$149,180$139,209$132,076$129,755
Gerard M Tarafa$141,892$127,448$122,288$121,673
Benjamin Westlake$141,636$125,992——
Annette Antos—$108,346——

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

Collects anesthesia data to help doctors improve patient care and compare their practices.

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Provided by the organization

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2 programs · $1.7M · in their own filed words · FY2024
01

The national anesthesia clinical outcomes registry (nacor) is designated as a qualified registry (QR) and qualified clinical data registry (QCDR) by the centers for medicare & medicaid services. With millions of cases and growing, nacor's clinical data informs treatment choices and helps control treatment costs.

$1.6Mprogram expense
02

The closed claims project is dedicated to the scientific studies of adverse anesthetic outcomes and studies of malpractice claims against anesthesiologists. The project has over 10,000 claims for events from 1970-PRESENT.

$90Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$1.1M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$395K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.6M
Managementcol C$317K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$488K
LiabilitiesLn 26$476K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$395K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$331K
Total assetsLn 16$488K
LiabilitiesLn 26$476K
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 50
VolunteersI 661
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$164K$12K
Land, buildings, equipmentLn 10c$4K$0
Total assetsLn 16$284K$488K
LiabilitiesLn 26$188K$476K
Net assetsLn 32$97K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$152K$120K$32K
Other salaries and wagesLn 7$939K$742K$197K
Pension plan contributionsLn 8$97K$77K$20K
Other employee benefitsLn 9$186K$147K$39K
Payroll taxesLn 10$69K$55K$15K
Legal feesLn 11b$2K$2K$56
Accounting feesLn 11c$7K$7K$158
Other fees for servicesLn 11g$26K$24K$2K
Office expensesLn 13$28K$27K$1K
Information technologyLn 14$5K$5K$123
OccupancyLn 16$51K$49K$2K
TravelLn 17$24K$20K$4K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$1.3M$1.3M
Total functional expensesLn 25$2.9M$2.6M$317K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$2.9M−$208K$12K 990 PDF
FY2023 $2.4M$2.7M−$325K$97K 990 PDF
FY2022 $2.2M$2.8M−$621K$422K 990 PDF
FY2021 $2.8M$3.0M−$191K$1.0M 990 PDF
FY2020 $2.5M$3.3M−$765K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,714,496 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $328,637$1,122,033
I-9 Program service revenuePrior year $2,073,541$1,197,934
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $11,250$394,529
I-12 Total revenuePrior year $2,413,428$2,714,496
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 $1,259,477$1,442,832
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,479,153$1,479,688
I-18 Total expensesPrior year $2,738,630$2,922,520
I-19 Revenue less expensesPrior year −$325,202−$208,024
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $2,714,496 across 6 lines filed
VIII-1d Related organizations$1,122,033
VIII-1h Total contributions, gifts and grants$1,122,033
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,197,934$1,197,934
VIII-5 RoyaltiesExcluded from tax $370,919$370,919
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,610$23,610
VIII-12 Total revenueRelated to mission $1,221,544 · Unrelated business $0 · Excluded from tax $370,919$2,714,496
Part IX · Statement of functional expenses $2,922,520 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $119,729 · Management $31,827$151,556
IX-7 Other salaries and wagesPrograms $741,804 · Management $197,189$938,993
IX-8 Pension plan contributionsPrograms $76,754 · Management $20,403$97,157
IX-9 Other employee benefitsPrograms $146,969 · Management $39,068$186,037
IX-10 Payroll taxesPrograms $54,581 · Management $14,508$69,089
IX-11b Legal feesPrograms $2,403 · Management $56$2,459
IX-11c Accounting feesPrograms $6,772 · Management $158$6,930
IX-11g Other fees for servicesPrograms $23,754 · Management $2,453$26,207
IX-13 Office expensesPrograms $26,717 · Management $1,147$27,864
IX-14 Information technologyPrograms $5,258 · Management $123$5,381
IX-16 OccupancyPrograms $49,210 · Management $2,112$51,322
IX-17 TravelPrograms $20,035 · Management $4,254$24,289
IX-19 Conferences, conventions and meetingsPrograms $7,087$7,087
IX-22 Depreciation, depletion and amortizationManagement $4,092$4,092
IX-23 InsurancePrograms $24,057$24,057
IX-24 Other expenses (24a–d)Programs $1,300,000$1,300,000
IX-25 Total functional expensesPrograms $2,605,130 · Management $317,390 · Fundraising $0$2,922,520
Part X · Balance sheet $488,119 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $163,661$12,375
X-4 Accounts receivableStart of year $38,425$144,517
X-10c Land, buildings and equipment, netStart of year $4,092$0
X-15 Other assetsStart of year $78,090$331,227
X-16 Total assetsStart of year $284,268$488,119
X-19 Deferred revenue$475,744
X-25 Other liabilitiesStart of year $187,619$0
X-26 Total liabilitiesStart of year $187,619$475,744
X-27 Net assets without donor restrictionsStart of year $96,649$12,375
X-32 Total net assets or fund balancesStart of year $96,649$12,375
X-33 Total liabilities and net assetsStart of year $284,268$488,119
Part XI · Reconciliation of net assets $12,375 net assets at year end
XI-1 Total revenue$2,714,496
XI-2 Total expenses$2,922,520
XI-3 Revenue less expenses−$208,024
XI-4 Net assets at start of year$96,649
XI-8 Prior period adjustments$123,750
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,375

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

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