Overview
What is Pqa Inc?
Pqa Inc, based in Alexandria, Virginia, is a nonprofit organization dedicated to enhancing health outcomes. Their primary focus lies in optimizing medication use by advancing the quality of its application. They achieve this through the development and testing of performance measures, which can be employed in various settings. These measures primarily address patient adherence to medications used for chronic diseases, the utilization of appropriate medications to safeguard the elderly population, and interventions to promote appropriate use of specific therapeutic medication categories. With a workforce of 35 individuals, Pqa Inc strives to drive improvements in quality and patient care.
Official website here: www.pqaalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Pqa Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and finance management. The overall score is calculated based on various financial metrics, with a perfect score in key areas such as independent board membership and financial oversight. The organization's commitment to transparency is demonstrated through the availability of its financial statements and policies designed to prevent conflicts of interest.
The organization boasts a strong independent board with 100% of its members being independent, which adds to its credibility. Additionally, Pqa Inc has shown effective management of its resources, with a program expense ratio of 70.81%, indicating that a significant portion of its expenses directly supports its programs. The liability to assets ratio and working capital also reflect a healthy financial standing.
However, a notable limitation is the fundraising efficiency ratio, which scored 0 out of 25 points. This suggests that the organization may face challenges in its fundraising efforts relative to the costs incurred. Overall, while Pqa Inc demonstrates strong financial health and governance, improvements in fundraising strategies could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Pqa Inc legitimate?
Pqa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pqa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $432,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pqaalliance.org
What is the mission statement of Pqa Inc?
Pqa Inc's mission is centered around optimizing health by enhancing the quality of medication use. Their activities primarily focus on developing and testing performance measures related to appropriate medication use. These measures aim to improve patient adherence to medications for chronic diseases, ensure the elderly population avoids medication risks, and promote appropriate use of specific therapeutic medication categories that are often overused. Additionally, Pqa Inc supports projects that utilize these performance measures to create interventions that can be implemented at the point of care, ultimately driving improvements in quality and patient care.
Official website here: www.pqaalliance.org
Who is the CEO of Pqa Inc?
Micah Cost is the CEO of Pqa Inc The CEO's salary of Pqa Inc is $416,000 and their total compensation is $472,482.
Official website here: www.pqaalliance.org
What is the revenue of Pqa Inc?
Pqa Inc's revenue in 2023 was $6,566,364.
Official website here: www.pqaalliance.org
Who are the executives of Pqa Inc and what are their salaries?
The average compensation at Pqa Inc during 2023 was $10,556. There are 41 employees at Pqa Inc.
Here are 32 key members and their salaries (Pqa Inc's CEO's salary is $416,000 and their total compensation is $472,482):
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- Compensation: $416,000
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- Other: $56,482
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- Compensation: $224,334
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- Compensation: $178,847
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- Compensation: $141,546
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- Other: $88,959
Official website here: www.pqaalliance.org
Where can I find the form 990 for Pqa Inc?
Pqa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pqaalliance.org
Learn more at the official website: www.pqaalliance.org
Mission Statement of Pqa Inc
Pqa Inc, a nonprofit organization, is committed to optimizing health by advancing the quality of medication use. Their mission is geared towards improving the way medications are utilized, with a focus on chronic diseases, the elderly population, and specific therapeutic categories of medications that are often overused. Pqa Inc develops and tests performance measures that can be applied in various settings. These measures aim to promote patient adherence to medications, ensure the use of appropriate medications to prevent risks among the elderly, and address the appropriate use of several therapeutic categories of medications. Furthermore, Pqa Inc supports projects that employ these performance measures and create interventions that can be implemented at the point of care, driving improvements in quality and patient care.
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Impact
October, 2024
Pqa Inc significantly impacts healthcare by optimizing health through the strategic advancement of medication quality. By developing and testing performance measures, the organization evaluates appropriate medication use across various settings. These measures focus on crucial areas such as patient adherence to medications for chronic diseases, ensuring that elderly patients receive safe and suitable medications, and addressing the overuse of specific therapeutic categories. Additionally, Pqa Inc supports projects that utilize these performance metrics to implement interventions directly at the point of care, fostering improvements in both quality and patient outcomes. Through its initiatives in Alexandria, VA, Pqa Inc plays a vital role in enhancing medication management and overall healthcare quality.
This information is meant to be a general summary of Pqa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $157,065
- Program Service Revenue: $2,599,414
- Gross Receipts: $7,092,355
Assets and Liabilities:
- Total Assets: $10,224,335
- Total Liabilities: $3,254,110
- Net Assets: $6,970,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL LICENSING
Revenue
$1,778,818
PQS, INC.
Revenue
$363,640
MEETINGS AND REGISTRAT
Revenue
$261,015
EDUCATIONAL SERVICES
Revenue
$195,941
Organization Details
Founding Year
2008
Principal Officer
Micah Cost
Website
www.pqaalliance.orgNTEE Category
Code: E80 - Health
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