At Qsource, our mission is to serve healthcare communities by driving value, improving quality and providing innovative business solutions.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$1.6M 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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $269K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $23.9M in investments, Pt X · Ln 11–13
Looks good: 6.8 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
$1.3M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
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
$12.1M
-18% vs prior year
Spent
$10.9M
To programs
61%
Net assets
$30.5M
By yearFY2020–FY2025
Revenue
$12.1M
FY2021▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$14.8M
FY2021$12.1M
FY2022$12.6M
FY2023$14.2M
FY2024$15.5M
FY2025$11.3M
Expenses
$10.9M
FY2021▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$10.9M
FY2022$12.8M
FY2023$13.4M
FY2024$14.8M
FY2025$12.1M
Net assets
$30.5M
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.5M
FY2021$30.5M
FY2022$26.8M
FY2023$28.2M
FY2024$30.7M
FY2025$30.0M

From the FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1974.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $6.6M Management & general 39% · $4.3M

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

25 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$340,245Pt VII · Sec A
$213,540Pt VII · Sec A
$193,357Pt VII · Sec A
$161,064Pt VII · Sec A
Controller
$145,608Pt VII · Sec A
Eqro Director
$132,010Pt VII · Sec A
State Director
$128,612Pt VII · Sec A
HR Director
$122,990Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dawn Fitzgerald——$389,434$493,585$340,245$407,108
Mary Lyn Baldauf$476,689$439,161————
Benjamin S Heavrin——$382,288———
Nancy C Archer——$250,476———
Benjamin Heavrin———$249,824$213,540$142,765
Craig Hofer————$193,357$217,612
Denise Gee$208,689$192,182————
Cheryl Masella$207,604$145,625————

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 healthcare quality and value with innovative business solutions.

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Provided by the organization

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3 programs · $5.3M · in their own filed words · FY2020
01

Qsource provides the state of tennessee department of finance and administration with an independent, external review of the quality of services available to tenncare enrollees.

$2.3Mprogram expense
02

Qsource oversees and improves the quality of care delivered to end-stage renal disease patients through the development and execution of quality improvement programs & interventions, the collection and analysis of outcomes data, and the provision of technical assistance to patients and providers of dialysis and kidney transplantation…

$1.6Mprogram expense
03

Qsource works with healthcare communities in the state of indiana to improve the quality of healthcare by assisting providers in measuring and reporting quality, producing and using electronic clinical imformation, redesisgning care processes, and transforming organizational culture to accelerate quality improvement and broaden its…

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$18K
Grants paid · 20 grants · $300K · 2019–2024
See all 20 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12.1M
Ln 12
Gifts and grantsLn 1h$8.3M
Investment incomeLn 3$2.5M
Fees for servicesLn 2g$1.4M
Money outPt IX
$10.9M
Ln 25
Programscol B$6.6M
Managementcol C$4.3M
Owns and owesPt X
$30.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.2M
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
25
listed · VII A
PaidVII A22
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.3M
Government grantsLn 1e$8.3M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$2.5M
Gains on assetsLn 7$2.0M
Total revenueLn 12$12.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$6.2M
Cash and savings togetherLn 1–2$6.2M
InvestmentsLn 11–13$23.9M
Land, buildings, equipmentLn 10c$271K
Other assetsLn 15$55K
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$30.5M
OperationsPt I, VI
EmployeesI 5101
VolunteersI 60
Fiscal year endsHeaderJuly
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 FY21End FY21
Cash and savingsLn 1–2$6.0M$6.2M
InvestmentsLn 11–13$19.2M$23.9M
Land, buildings, equipmentLn 10c$355K$271K
Total assetsLn 16$27.6M$31.8M
LiabilitiesLn 26$1.0M$1.3M
Net assetsLn 32$26.5M$30.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$1.3M
Other salaries and wagesLn 7$5.3M$4.2M$1.2M
Pension plan contributionsLn 8$303K$225K$78K
Other employee benefitsLn 9$1.4M$934K$440K
Payroll taxesLn 10$515K$330K$185K
Legal feesLn 11b$36K$36K
Accounting feesLn 11c$50K$50K
Lobbying feesLn 11d$30K$30K
Investment management feesLn 11f$117K$117K
Office expensesLn 13$474K$132K$342K
OccupancyLn 16$358K$358K
TravelLn 17$39K$30K$9K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$112K$112K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$834K$817K$17K
Total functional expensesLn 25$10.9M$6.6M$4.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.3M$12.1M−$721K$30.0M 990 PDF
FY2024 $15.5M$14.8M$679K$30.7M 990 PDF
FY2023 $14.2M$13.4M$723K$28.2M 990 PDF
FY2022 $12.6M$12.8M−$209K$26.8M 990 PDF
FY2021 Viewing $12.1M$10.9M$1.2M$30.5M 990 PDF
FY2020 $14.8M$14.8M−$46K$26.5M 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 FY2021 990 (6 parts)
Part I · Summary $12,128,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,908,301$8,252,395
I-9 Program service revenuePrior year $969,050$1,412,278
I-10 Investment incomePrior year $921,066$2,464,125
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $14,798,417$12,128,798
I-13 Grants and similar amounts paidPrior year $286,874$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,684,980$8,832,692
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,872,530$2,106,613
I-18 Total expensesPrior year $14,844,384$10,939,305
I-19 Revenue less expensesPrior year −$45,967$1,189,493
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 $12,128,798 across 6 lines filed
VIII-1e Government grants$8,252,395
VIII-1h Total contributions, gifts and grants$8,252,395
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,412,278$1,412,278
VIII-3 Investment incomeExcluded from tax $427,106$427,106
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,037,019$2,037,019
VIII-12 Total revenueRelated to mission $1,412,278 · Unrelated business $0 · Excluded from tax $2,464,125$12,128,798
Part IX · Statement of functional expenses $10,939,305 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $1,317,088$1,317,088
IX-7 Other salaries and wagesPrograms $4,171,181 · Management $1,152,456$5,323,637
IX-8 Pension plan contributionsPrograms $225,244 · Management $78,096$303,340
IX-9 Other employee benefitsPrograms $934,345 · Management $439,571$1,373,916
IX-10 Payroll taxesPrograms $329,523 · Management $185,188$514,711
IX-11b Legal feesManagement $36,260$36,260
IX-11c Accounting feesManagement $49,728$49,728
IX-11d Lobbying feesManagement $30,000$30,000
IX-11f Investment management feesManagement $116,681$116,681
IX-13 Office expensesPrograms $131,685 · Management $342,444$474,129
IX-16 OccupancyManagement $358,335$358,335
IX-17 TravelPrograms $30,424 · Management $8,579$39,003
IX-19 Conferences, conventions and meetingsPrograms $3,568$3,568
IX-22 Depreciation, depletion and amortizationManagement $111,926$111,926
IX-23 InsuranceManagement $53,083$53,083
IX-24 Other expenses (24a–d)Programs $816,877 · Management $17,023$833,900
IX-25 Total functional expensesPrograms $6,642,847 · Management $4,296,458 · Fundraising $0$10,939,305
Part X · Balance sheet $31,766,060 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $150$0
X-2 Savings and temporary cash investmentsStart of year $5,983,137$6,209,679
X-3 Pledges and grants receivableStart of year $440,356$470,373
X-4 Accounts receivableStart of year $805,205$722,198
X-9 Prepaid expenses and deferred chargesStart of year $168,739$172,372
X-10c Land, buildings and equipment, netStart of year $355,478$271,308
X-11 Publicly traded securitiesStart of year $19,182,587$23,864,857
X-15 Other assetsStart of year $624,642$55,273
X-16 Total assetsStart of year $27,560,294$31,766,060
X-17 Accounts payable and accrued expensesStart of year $1,038,998$1,264,326
X-25 Other liabilitiesStart of year $8,814$13,834
X-26 Total liabilitiesStart of year $1,047,812$1,278,160
X-27 Net assets without donor restrictionsStart of year $26,512,482$30,487,900
X-32 Total net assets or fund balancesStart of year $26,512,482$30,487,900
X-33 Total liabilities and net assetsStart of year $27,560,294$31,766,060
Part XI · Reconciliation of net assets $30,487,900 net assets at year end
XI-1 Total revenue$12,128,798
XI-2 Total expenses$10,939,305
XI-3 Revenue less expenses$1,189,493
XI-4 Net assets at start of year$26,512,482
XI-5 Net unrealized gains (losses) on investments$889,807
XI-9 Other changes in net assets$1,896,118
XI-10 Net assets at end of year$30,487,900

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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