Qsource
- Assets
- $27.6m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Memphis, TN
- Founding
- 09/1974
- Data as of
- 07/2020
- EIN
- 62-0924699
Organization Overview
Qsource is located in Memphis, TN. The organization was established in 1974. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 07/2021, Qsource employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qsource is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2020, Qsource generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $14.8m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Qsource has awarded 51 individual grants totaling $816,748. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O AT QSOURCE, OUR MISSION IS TO SERVE HEALTHCARE COMMUNITIES BY DRIVING VALUE, IMPROVING QUALITY AND PROVIDING INNOVATIVE BUSINESS SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 IMPACT. TO SUPPLEMENT INDIVIDUAL TECHNICAL ASSISTANCE, WE CONVENE PROVIDERS, PRACTITIONERS AND PATIENTS TO BUILD AND SHARE KNOWLEDGE, SPREAD BEST PRACTICES, AND ACHIEVE RAPID, WIDE-SCALE IMPROVEMENTS IN PATIENT CARE.
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.
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, INCLUDING THE PROCESSING OF COMPLAINTS AND GRIEVANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Fitzgerald CEO | Officer | 40 | $340,245 |
Benjamin Heavrin Cmo | Officer | 40 | $213,540 |
Craig Hofer CFO | Officer | 40 | $193,357 |
Nancy Archer COO | Officer | 40 | $161,064 |
Jason Nesius Controller | 42.3 | $145,608 | |
John Couzins Eqro Director | 40 | $132,010 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Al Quality Assurance Foundation Subcontractor On Medicare/medicaid Grant | 7/30/21 | $112,459 |
Indiana Health Information Exchange Inc Subcontractor On Medicare/medicaid Grant | 7/30/21 | $117,450 |
Health Services Advisory Group Cover Kids/eqro Subcontracts | 7/30/21 | $393,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,908,301 |
| Investment income | $486,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $434,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,798,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,106,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,626,691 |
| Pension plan accruals and contributions | $395,966 |
| Other employee benefits | $1,940,923 |
| Payroll taxes | $614,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,116 |
| Fees for services: Accounting | $44,803 |
| Fees for services: Lobbying | $52,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,288 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $388,286 |
| Information technology | $154,995 |
| Royalties | $0 |
| Occupancy | $524,717 |
| Travel | $210,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,965 |
| Insurance | $51,794 |
| All other expenses | $0 |
| Total functional expenses | $14,844,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $5,983,137 |
| Pledges and grants receivable | $440,356 |
| Accounts receivable, net | $805,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $168,739 |
| Investments—publicly traded securities | $19,182,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624,642 |
| Total assets | $27,560,294 |
| Accounts payable and accrued expenses | $1,038,998 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,814 |
| Total liabilities | $1,047,812 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $26,512,482 |
Grants Awarded
Over the last fiscal year, Qsource has awarded $570,748 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Franklin, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Richmond, KY PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Louisville, KY PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Covington, KY PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Kennesaw, GA PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Qsource has recieved totaling $18,145.
| Awarding Organization | Amount |
|---|---|
University Of Indianapolis Indianapolis, IN PURPOSE: Regional Collaborative Projects | $18,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Knott Letcher Perry Community Action Council Hazard, KY | $32,362,791 | $43,531,770 |
Health Care Foundation Of Greater Kansas City Kansas City, MO | $855,422,735 | $35,289,913 |
East Georgia Healthcare Center Inc Swainsboro, GA | $14,076,225 | $20,351,311 |
Qsource Memphis, TN | $27,560,294 | $14,798,417 |
North Carolina Alliance Of Public Health Agencies Inc Raleigh, NC | $4,947,207 | $12,977,982 |
Omnipath Inc Paducah, KY | $660,564 | $9,841,059 |
Northwest Florida Comprehensive Services For Children Inc Birmingham, AL | $2,983,352 | $9,180,646 |
Zero Prostate Cancer Alexandria, VA | $7,871,432 | $10,066,484 |
Central Mississippi Health Services Inc Jackson, MS | $2,220,131 | $7,080,097 |
Interfaith Dental Clinic Of Nashville Nashville, TN | $11,283,071 | $7,836,230 |
Service Employees International Union Local 2000 Health Welfare St Louis, MO | $18,079,308 | $5,259,117 |
National Pace Association Alexandria, VA | $5,227,385 | $6,590,874 |