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.
63¢ of each $1 spent went to programs.
$1.9M 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

FY2022 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
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
4 mo
of spending, in cash
Plus $21.0M in investments, Pt X · Ln 11–13
Looks good: 4.5 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
$1.4M
5% of total assets
Looks good: liabilities are 5% 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
$12.6M
+4% vs prior year
Spent
$12.8M
To programs
63%
Net assets
$26.8M
By yearFY2020–FY2025
Revenue
$12.6M
FY2022▲ +4%
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
$12.8M
FY2022▲ +17%
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
$26.8M
FY2022▼ -12%
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 FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

63 cents of each dollar spent went to programs.

Program services 63% · $8.0M Management & general 37% · $4.8M

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

24 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CEO Through 2/28/2022
$493,585Pt VII · Sec A
Chief Medical Officer
$249,824Pt VII · Sec A
CFO Through 7/2/2021
$201,286Pt VII · Sec A
Chief Operating Officer
$184,245Pt VII · Sec A
Controller
$167,522Pt VII · Sec A
Qi Analytic Manager
$155,272Pt VII · Sec A
Eqro Director
$142,941Pt VII · Sec A
State Director
$140,827Pt 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 · $5.7M · in their own filed words · FY2021
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.

$3.0Mprogram expense
02

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
03

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…

$1.3Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Gifts and grantsLn 1h$8.2M
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$909K
Money outPt IX
$12.8M
Ln 25
Programscol B$8.0M
Managementcol C$4.8M
Owns and owesPt X
$26.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$28.2M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A22
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.2M
Government grantsLn 1e$8.2M
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$909K
Gains on assetsLn 7$452K
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$21.0M
Land, buildings, equipmentLn 10c$225K
Other assetsLn 15$55K
Total assetsLn 16$28.2M
LiabilitiesLn 26$1.4M
Net assetsLn 32$26.8M
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 FY22End FY22
Cash and savingsLn 1–2$6.2M$4.7M
InvestmentsLn 11–13$23.9M$21.0M
Land, buildings, equipmentLn 10c$271K$225K
Total assetsLn 16$31.8M$28.2M
LiabilitiesLn 26$1.3M$1.4M
Net assetsLn 32$30.5M$26.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.6M$1.6M
Other salaries and wagesLn 7$5.4M$4.6M$856K
Pension plan contributionsLn 8$286K$213K$73K
Other employee benefitsLn 9$1.4M$970K$469K
Payroll taxesLn 10$539K$355K$184K
Legal feesLn 11b$106K$106K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$34K$34K
Investment management feesLn 11f$133K$133K
Office expensesLn 13$590K$154K$436K
OccupancyLn 16$287K$287K
TravelLn 17$150K$91K$60K
Conferences, conventions and meetingsLn 19$12K$12K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$1.9M$1.6M$265K
Total functional expensesLn 25$12.8M$8.0M$4.8M$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 Viewing $12.6M$12.8M−$209K$26.8M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $12,558,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,252,395$8,230,367
I-9 Program service revenuePrior year $1,412,278$3,418,760
I-10 Investment incomePrior year $2,464,125$909,448
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,128,798$12,558,575
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 $8,832,692$9,331,222
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,106,613$3,436,028
I-18 Total expensesPrior year $10,939,305$12,767,250
I-19 Revenue less expensesPrior year $1,189,493−$208,675
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 $12,558,575 across 6 lines filed
VIII-1e Government grants$8,230,367
VIII-1h Total contributions, gifts and grants$8,230,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,418,760$3,418,760
VIII-3 Investment incomeExcluded from tax $457,414$457,414
VIII-7 Net gain or loss on sales of assetsExcluded from tax $452,034$452,034
VIII-12 Total revenueRelated to mission $3,418,760 · Unrelated business $0 · Excluded from tax $909,448$12,558,575
Part IX · Statement of functional expenses $12,767,250 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $1,646,922$1,646,922
IX-7 Other salaries and wagesPrograms $4,565,052 · Management $856,223$5,421,275
IX-8 Pension plan contributionsPrograms $212,822 · Management $72,772$285,594
IX-9 Other employee benefitsPrograms $969,684 · Management $468,654$1,438,338
IX-10 Payroll taxesPrograms $354,932 · Management $184,161$539,093
IX-11b Legal feesManagement $106,356$106,356
IX-11c Accounting feesManagement $56,805$56,805
IX-11d Lobbying feesManagement $34,000$34,000
IX-11f Investment management feesManagement $133,285$133,285
IX-13 Office expensesPrograms $153,872 · Management $436,313$590,185
IX-16 OccupancyManagement $286,628$286,628
IX-17 TravelPrograms $90,663 · Management $59,556$150,219
IX-19 Conferences, conventions and meetingsPrograms $12,060$12,060
IX-22 Depreciation, depletion and amortizationManagement $93,870$93,870
IX-23 InsuranceManagement $58,935$58,935
IX-24 Other expenses (24a–d)Programs $1,648,395 · Management $265,290$1,913,685
IX-25 Total functional expensesPrograms $8,007,480 · Management $4,759,770 · Fundraising $0$12,767,250
Part X · Balance sheet $28,235,810 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,209,679$4,735,481
X-3 Pledges and grants receivableStart of year $470,373$477,227
X-4 Accounts receivableStart of year $722,198$1,659,664
X-9 Prepaid expenses and deferred chargesStart of year $172,372$117,729
X-10c Land, buildings and equipment, netStart of year $271,308$225,203
X-11 Publicly traded securitiesStart of year $23,864,857$20,965,233
X-15 Other assetsStart of year $55,273$55,273
X-16 Total assetsStart of year $31,766,060$28,235,810
X-17 Accounts payable and accrued expensesStart of year $1,264,326$1,423,769
X-25 Other liabilitiesStart of year $13,834$0
X-26 Total liabilitiesStart of year $1,278,160$1,423,769
X-27 Net assets without donor restrictionsStart of year $30,487,900$26,812,041
X-32 Total net assets or fund balancesStart of year $30,487,900$26,812,041
X-33 Total liabilities and net assetsStart of year $31,766,060$28,235,810
Part XI · Reconciliation of net assets $26,812,041 net assets at year end
XI-1 Total revenue$12,558,575
XI-2 Total expenses$12,767,250
XI-3 Revenue less expenses−$208,675
XI-4 Net assets at start of year$30,487,900
XI-5 Net unrealized gains (losses) on investments−$3,467,184
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,812,041

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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