Healthcare Quality Association On Accreditation Inc
Healthcare Quality Association On Accreditation Inc maintains financial stability with fluctuating revenue and no reported officer compensation.
EIN: 202218810 · Waterloo, IA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Healthcare Quality Association On Accreditation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healthcare Quality Association On Accreditation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Quality Association On Accreditation Inc
Healthcare Quality Association On Accreditation Inc (EIN: 202218810) is a nonprofit organization based in Waterloo, IA, classified under NTEE code S41. The organization reported total revenue of $3.6M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Quality Association On Accreditation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Quality Association On Accreditation Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$262K |
| Total Assets | $3.1M |
| Total Liabilities | $1.6M |
| Net Assets | $1.5M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 52.3% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Healthcare Quality Association On Accreditation Inc reported a surplus of $262K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 52.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthcare Quality Association On Accreditation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.0% | +12.7% | +41.9% |
| 2022 | -53.1% | -21.2% | -9.1% |
| 2021 | +82.4% | +17.7% | +22.8% |
| 2020 | +4.8% | -0.7% | +102.9% |
| 2019 | -49.7% | -27.9% | +25.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthcare Quality Association On Accreditation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Healthcare Quality Association On Accreditation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $262K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a fully volunteer executive leadership or that executive compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Healthcare Quality Association On Accreditation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further scrutiny for transparency.
- Significant year-over-year revenue fluctuations, which could indicate instability in funding sources or demand for services.
Strengths
The following positive indicators were identified for Healthcare Quality Association On Accreditation Inc:
- Strong asset-to-liability ratio in recent years, indicating good financial health and solvency (e.g., 2023: Assets $3.14M, Liabilities $1.64M).
- Positive net income in most recent periods (e.g., $262,413 in 2023), demonstrating effective expense management.
- Consistent operation over many years (13 filings), suggesting organizational resilience and established presence.
Frequently Asked Questions about Healthcare Quality Association On Accreditation Inc
Is Healthcare Quality Association On Accreditation Inc a legitimate charity?
Healthcare Quality Association On Accreditation Inc (EIN: 202218810) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Healthcare Quality Association On Accreditation Inc spend its money?
Healthcare Quality Association On Accreditation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Healthcare Quality Association On Accreditation Inc tax-deductible?
Healthcare Quality Association On Accreditation Inc is registered as a tax-exempt nonprofit (EIN: 202218810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Healthcare Quality Association On Accreditation Inc's spending goes to programs?
Healthcare Quality Association On Accreditation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthcare Quality Association On Accreditation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Healthcare Quality Association On Accreditation Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthcare Quality Association On Accreditation Inc located?
Healthcare Quality Association On Accreditation Inc is headquartered in Waterloo, Iowa and files with the IRS under EIN 202218810. It is classified under NTEE code S41.
How many years of IRS 990 filings does Healthcare Quality Association On Accreditation Inc have?
Healthcare Quality Association On Accreditation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
How does HQAA manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues in the millions. This could indicate a fully volunteer executive team, or that executive compensation is categorized differently within the 990, such as under 'salaries and wages' for non-officer roles, or through a related organization. Further investigation into the detailed 990 forms would be needed to clarify this.
What is the primary driver of the significant revenue fluctuations observed?
Revenue has varied significantly, from a high of $5,216,945 in 2015 to a low of $1,847,372 in 2022. Without detailed program information, it's difficult to pinpoint the exact cause, but it could be related to cyclical accreditation demand, changes in fee structures, or variations in grant funding or membership dues.
Are the liabilities manageable given the organization's assets?
In recent years, particularly from 2021 to 2023, assets have comfortably exceeded liabilities (e.g., 2023: Assets $3,141,163 vs. Liabilities $1,641,772). This indicates a healthy balance sheet and good solvency, suggesting the organization can meet its financial obligations.
Filing History
IRS 990 filing history for Healthcare Quality Association On Accreditation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Quality Association On Accreditation Inc's revenue has declined by 35.9%, moving from $3.8M to $2.4M. Total assets increased by 88.7% over the same period, from $1.7M to $3.1M. Total functional expenses fell by 54.8%, from $4.8M to $2.2M. In its most recent filing year (2023), Healthcare Quality Association On Accreditation Inc reported a surplus of $262K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $3.1M in assets (debt-to-asset ratio: 52.3%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $3.1M | $1.6M | — | View 990 |
| 2022 | $1.8M | $1.9M | $2.2M | $977K | — | — |
| 2021 | $3.9M | $2.4M | $2.4M | $1.1M | — | View 990 |
| 2020 | $2.2M | $2.1M | $2.0M | $2.4M | — | — |
| 2019 | $2.1M | $2.1M | $978K | $1.6M | — | View 990 |
| 2018 | $4.1M | $2.9M | $777K | $1.4M | — | View 990 |
| 2017 | $2.7M | $2.5M | $958K | $2.7M | — | — |
| 2016 | $2.1M | $2.9M | $685K | $2.7M | — | View 990 |
| 2015 | $5.2M | $4.5M | $842K | $2.0M | — | View 990 |
| 2014 | $3.1M | $3.8M | $1.2M | $3.1M | — | View 990 |
| 2013 | $2.9M | $4.0M | $894K | $2.0M | — | View 990 |
| 2012 | $7.0M | $5.9M | $2.4M | $2.5M | — | View 990 |
| 2011 | $3.8M | $4.8M | $1.7M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $3.1M (revenue +31.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.9M, and assets of $2.2M (revenue -53.1% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.4M, and assets of $2.4M (revenue +82.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.1M, and assets of $2.0M (revenue +4.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $978K (revenue -49.7% year-over-year).
- 2018: Revenue of $4.1M, expenses of $2.9M, and assets of $777K (revenue +52.5% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $958K (revenue +25.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.9M, and assets of $685K (revenue -59.1% year-over-year).
- 2015: Revenue of $5.2M, expenses of $4.5M, and assets of $842K (revenue +68.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.8M, and assets of $1.2M (revenue +5.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $4.0M, and assets of $894K (revenue -58.3% year-over-year).
- 2012: Revenue of $7.0M, expenses of $5.9M, and assets of $2.4M (revenue +85.8% year-over-year).
- 2011: Revenue of $3.8M, expenses of $4.8M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Quality Association On Accreditation Inc:
Data Sources and Methodology
This transparency report for Healthcare Quality Association On Accreditation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.