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Nonprofiteer
← ISLAND PEER REVIEW ORGANIZATION INC

Form 990 for tax year 2024

Filed by ISLAND PEER REVIEW ORGANIZATION INC.

Totals

Total revenue
$170,664,574
Total expenses
$96,037,863
Contributions and grants received
$0
Grants paid
$44,755
Program service revenue
$166,747,521
Investment income
$3,838,901
Other revenue
$78,152
Total assets, end of year
$230,806,995
Total liabilities, end of year
$94,801,912
Net assets or fund balances, end of year
$136,005,083
Program services expenses (Part IX)
$75,484,781
Management and general expenses
$20,553,082
Fundraising expenses
$0
Program service expenses (Part III)
$75,484,781

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: OTHER PROGRAM REVENUE

    total $129,064,485 · related or exempt $125,001,419 · unrelated business $4,063,066

  • 2b · Program service revenue: MEDICAID QUALITY CONTROL

    total $24,179,052 · related or exempt $24,179,052

  • 2c · Program service revenue: MEDICARE REVIEW SERVICES

    total $13,503,984 · related or exempt $13,503,984

  • 3 · Investment income

    total $3,838,901 · excluded $3,838,901

  • 11a · Other revenue: REIMBURSED EXPENSES

    total $73,832 · excluded $73,832

  • 11b · Other revenue: OTHER REVENUE

    total $4,320 · excluded $4,320

  • 11e · Other revenue, total

    $78,152

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,755 · program services $44,755

  • 5 · Compensation of officers, directors and key employees

    total $6,557,810 · program services $4,487,533 · management and general $2,070,277

  • 7 · Other salaries and wages

    total $34,417,283 · program services $23,873,736 · management and general $10,543,547

  • 8 · Pension plan contributions

    total $1,594,525 · program services $1,102,383 · management and general $492,142

  • 9 · Other employee benefits

    total $5,945,907 · program services $4,110,733 · management and general $1,835,174

  • 10 · Payroll taxes

    total $2,783,610 · program services $1,924,463 · management and general $859,147

  • 11b · Fees: legal

    total $520,616 · program services $25,286 · management and general $495,330

  • 11c · Fees: accounting

    total $154,287 · management and general $154,287

  • 11d · Fees: lobbying

    total $91,000 · management and general $91,000

  • 11g · Fees: other

    total $28,037,180 · program services $27,477,647 · management and general $559,533

  • 12 · Advertising and promotion

    total $88,905 · program services $61,407 · management and general $27,498

  • 13 · Office expenses

    total $1,176,473 · program services $823,380 · management and general $353,093

  • 14 · Information technology

    total $2,061,046 · program services $1,630,544 · management and general $430,502

  • 16 · Occupancy

    total $2,659,601 · program services $1,837,009 · management and general $822,592

  • 17 · Travel

    total $1,736,358 · program services $1,271,242 · management and general $465,116

  • 19 · Conferences, conventions and meetings

    total $34,359 · program services $24,425 · management and general $9,934

  • 20 · Interest

    total $50 · program services $35 · management and general $15

  • 22 · Depreciation, depletion and amortization

    total $418,118 · program services $288,797 · management and general $129,321

  • 23 · Insurance

    total $317,316 · program services $219,173 · management and general $98,143

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $4,513,956 · program services $3,737,456 · management and general $776,500

  • 24b · Other expenses: TEMPORARY HELP

    total $1,120,436 · program services $1,082,943 · management and general $37,493

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $859,502 · program services $736,512 · management and general $122,990

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $374,089 · program services $258,386 · management and general $115,703

  • 24e · All other expenses

    total $530,681 · program services $466,936 · management and general $63,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,167,850 · end of year $12,937,512

  • 2 · Savings and temporary cash investments

    beginning of year $47,333,528 · end of year $186,150,745

  • 4 · Accounts receivable

    beginning of year $27,124,696 · end of year $25,969,630

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,651,236 · end of year $943,342

  • 10a · Land, buildings and equipment: cost or other basis

    $1,443,591

  • 10b · Land, buildings and equipment: accumulated depreciation

    $897,006

  • 10c · Land, buildings and equipment, net

    beginning of year $655,954 · end of year $546,585

  • 11 · Investments: publicly traded securities

    beginning of year $3,324,744 · end of year $3,746,354

  • 12 · Investments: other securities

    beginning of year $55,630 · end of year $55,630

  • 15 · Other assets

    beginning of year $10,721,778 · end of year $457,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,623,702 · end of year $67,714,497

  • 19 · Deferred revenue

    beginning of year $15,670,253 · end of year $22,885,224

  • 25 · Other liabilities

    beginning of year $8,489,535 · end of year $4,202,191

  • 27 · Net assets without donor restrictions

    beginning of year $61,251,926 · end of year $136,005,083

Mission and programs · 2024

Mission

IPRO'S MISSION IS TO IMPROVE HEALTH CARE QUALITY AND VALUE BY ENGAGING IN HEALTHCARE ASSESSMENT AND QUALITY IMPROVEMENT ACTIVITIES.

Activities or mission (Part I)

IPRO IS A NOT-FOR-PROFIT ORGANIZATION THAT ENGAGES IN HEALTH CARE REVIEW, ASSESSMENT, AND QUALITY IMPROVEMENT ACTIVITIES UNDER CONTRACT WITH FEDERAL, STATE, AND PRIVATE PAYERS.

  • IN IPRO'S HEALTH CARE ASSESSMENT ACTIVITIES, UNDER CONTRACT WITH FEDERAL AND STATE GOVERNMENTS, IPRO REVIEWED AND ANALYZED PATIENT CASES TO DETERMINE WHETHER (A) THE HEALTH CARE SERVICES PROVIDED WERE MEDICALLY NECESSARY AND APPROPRIATE, AND (B) THE HEALTH CARE SERVICES DELIVERED MET QUALITY STANDARDS, AND ASSISTED STATES IN THE OVERSIGHT OF HEALTH CARE PROVIDERS AND DATA ANALYTICAL SERVICES. IN IPRO'S HEALTH CARE QUALITY IMPROVEMENT ACTIVITIES, UNDER CONTRACT WITH FEDERAL AND STATE GOVERNMENTS, IPRO WORKED WITH HEALTH CARE PROVIDERS IN HOSPITAL, NURSING HOME, HOME HEALTH, AND PHYSICIAN OFFICE SETTINGS TO IDENTIFY PROBLEMS AND PROPOSE SOLUTIONS TO BE IMPLEMENTED TO IMPROVE THE QUALITY OF HEALTH CARE IN DIVERSE CLINICAL AREAS SUCH AS (BUT NOT LIMITED TO) HEART FAILURE, HEART ATTACK, PNEUMONIA, DIABETES, ASTHMA, PRESSURE ULCERS, SURGICAL CARE INFECTION PREVENTION, CHRONIC KIDNEY DISEASE, CARE TRANSITIONS, AND DRUG SAFETY. WITH RESPECT TO MANAGED CARE PLANS, UNDER CONTRACT WITH STATE GOVERNMENTS, IPRO PROVIDED QUALITY OVERSIGHT TO MEDICAID MANAGED CARE PROGRAMS TO ASSESS WHETHER SUCH PROGRAMS MET REGULATORY AND QUALITY REQUIREMENTS.

    Expenses $75,484,781 · Grants $44,755 · Revenue $162,684,455

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN A FRIEDMAN MD

    PRESIDENT

    Total calculated
    $11,000
    From this org
    $10,750
    From related orgs
    $250
    Other
    $0
    Hours/week
    0.58 + 0.1 related

  • RAYMOND D SWEENEY

    VICE PRESIDENT

    Total calculated
    $6,900
    From this org
    $6,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.39

  • PAUL J ROWLAND

    TREASURER

    Total calculated
    $7,800
    From this org
    $7,550
    From related orgs
    $250
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • ROBERT J PANZER MD

    SECRETARY

    Total calculated
    $3,950
    From this org
    $3,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • STUART B ALMER

    DIRECTOR THRU JUN 2025

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.27

  • CARLOS ALVAREZ

    DIRECTOR

    Total calculated
    $2,450
    From this org
    $2,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.18

  • BRUCE A CHERNOF MD

    DIRECTOR THRU JUN 2025

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.18

  • DAWN P EDWARDS

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.11

  • ANNE M HUMIL MD

    DIRECTOR

    Total calculated
    $2,350
    From this org
    $2,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.16

  • ANNETTE HYDE

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.16

  • NEALAND M LEWIS

    DIRECTOR

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.16

  • PAUL F MACIELAK ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.17

  • KIM PRATT

    DIRECTOR

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.16

  • WILLIAM E SHANAHAN

    DIRECTOR

    Total calculated
    $3,925
    From this org
    $3,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.31

  • LOIS WAGH

    DIRECTOR THRU JUN 2025

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.23

  • THEODORE O WILL

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $957,848
    From this org
    $831,483
    From related orgs
    $0
    Other
    $126,365
    Hours/week
    42 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $524,841
    Bonus
    $228,272
    Other
    $78,370
    Deferred
    $54,528
    Nontaxable benefits
    $71,837
    Filer's total
    $957,848

  • CLARE BRADLEY POLLET MD

    SR. VICE PRESIDENT & CMO

    Total calculated
    $616,698
    From this org
    $559,445
    From related orgs
    $0
    Other
    $57,253
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $342,646
    Bonus
    $154,256
    Other
    $62,543
    Deferred
    $53,548
    Nontaxable benefits
    $3,705
    Filer's total
    $616,698

  • EDISON A MACHADO JR MD

    SR. VICE PRESIDENT & CSO

    Total calculated
    $532,331
    From this org
    $440,109
    From related orgs
    $0
    Other
    $92,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,883
    Bonus
    $126,439
    Other
    $46,787
    Deferred
    $41,764
    Nontaxable benefits
    $50,458
    Filer's total
    $532,331

  • ALAN WOGHIN

    SR. VICE PRESIDENT & CFO

    Total calculated
    $525,957
    From this org
    $430,796
    From related orgs
    $0
    Other
    $95,161
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $248,672
    Bonus
    $117,592
    Other
    $64,532
    Deferred
    $43,238
    Nontaxable benefits
    $51,923
    Filer's total
    $525,957

  • HERMAN A JENICH

    SR. VICE PRESIDENT & CD & AO

    Total calculated
    $589,901
    From this org
    $531,090
    From related orgs
    $0
    Other
    $58,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,095
    Bonus
    $231,668
    Other
    $43,327
    Deferred
    $37,958
    Nontaxable benefits
    $20,853
    Filer's total
    $589,901

  • PATRICIA J GAGLIANO MD

    VICE PRESIDENT, HEALTHCARE

    Total calculated
    $394,652
    From this org
    $347,979
    From related orgs
    $0
    Other
    $46,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,915
    Bonus
    $104,399
    Other
    $665
    Deferred
    $24,228
    Nontaxable benefits
    $22,445
    Filer's total
    $394,652

  • RICHARD A ALFIERI

    VICE PRESIDENT & CIO

    Total calculated
    $405,213
    From this org
    $320,269
    From related orgs
    $0
    Other
    $84,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,006
    Bonus
    $55,819
    Other
    $7,444
    Deferred
    $29,998
    Nontaxable benefits
    $54,946
    Filer's total
    $405,213

  • SUSAN E CAPONI

    VICE PRESIDENT, ESRD

    Total calculated
    $324,796
    From this org
    $284,958
    From related orgs
    $0
    Other
    $39,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,295
    Bonus
    $51,344
    Other
    $3,319
    Deferred
    $19,907
    Nontaxable benefits
    $19,931
    Filer's total
    $324,796

  • TIERRE A JEANNE-PORTER

    VICE PRESIDENT, COMPLIANCE

    Total calculated
    $351,253
    From this org
    $279,670
    From related orgs
    $0
    Other
    $71,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,591
    Bonus
    $50,761
    Other
    $3,318
    Deferred
    $19,826
    Nontaxable benefits
    $51,757
    Filer's total
    $351,253

  • MATTHEW W ROBERTS

    VICE PRESIDENT & CIO

    Total calculated
    $335,051
    From this org
    $277,852
    From related orgs
    $0
    Other
    $57,199
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $227,687
    Bonus
    $49,397
    Other
    $768
    Deferred
    $13,968
    Nontaxable benefits
    $43,231
    Filer's total
    $335,051

  • JENNIFER N EDWARDS

    VICE PRESIDENT, MANAGED CARE

    Total calculated
    $341,778
    From this org
    $275,138
    From related orgs
    $0
    Other
    $66,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,482
    Bonus
    $49,397
    Other
    $3,259
    Deferred
    $13,828
    Nontaxable benefits
    $52,812
    Filer's total
    $341,778

  • VIRGINIA A HILL

    VICE PRESIDENT, MANAGED CARE

    Total calculated
    $344,024
    From this org
    $274,221
    From related orgs
    $0
    Other
    $69,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,779
    Bonus
    $0
    Other
    $7,442
    Deferred
    $24,436
    Nontaxable benefits
    $45,367
    Filer's total
    $344,024

  • WENDY P FERGUSON

    VICE PRESIDENT, HEALTHCARE

    Total calculated
    $286,612
    From this org
    $259,247
    From related orgs
    $0
    Other
    $27,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,823
    Bonus
    $33,309
    Other
    $3,115
    Deferred
    $22,553
    Nontaxable benefits
    $4,812
    Filer's total
    $286,612

  • DANA G BENNETT

    VICE PRESIDENT, MANAGED CARE

    Total calculated
    $293,468
    From this org
    $223,286
    From related orgs
    $0
    Other
    $70,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,449
    Bonus
    $48,271
    Other
    $566
    Deferred
    $15,588
    Nontaxable benefits
    $54,594
    Filer's total
    $293,468

  • HARRY M FEDER FORMER SR VP

    TECHNICAL ADVISOR AS OF JAN 2024

    Total calculated
    $642,810
    From this org
    $611,682
    From related orgs
    $0
    Other
    $31,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,038
    Bonus
    $209,455
    Other
    $1,189
    Deferred
    $31,128
    Nontaxable benefits
    $0
    Filer's total
    $642,810

  • FRANK N MATTHES

    ASSISTANT VICE PRESIDENT, DATA

    Total calculated
    $270,776
    From this org
    $256,159
    From related orgs
    $0
    Other
    $14,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,461
    Bonus
    $24,698
    Other
    $0
    Deferred
    $12,088
    Nontaxable benefits
    $2,529
    Filer's total
    $270,776

  • MONTY M BODENHEIMER MD

    MEDICAL DIRECTOR

    Total calculated
    $321,990
    From this org
    $252,988
    From related orgs
    $0
    Other
    $69,002
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $223,897
    Bonus
    $25,333
    Other
    $3,758
    Deferred
    $18,098
    Nontaxable benefits
    $50,904
    Filer's total
    $321,990

  • SARA A BUTTERFIELD

    ASSISTANT VICE PRESIDENT, HEALTHCARE

    Total calculated
    $277,395
    From this org
    $231,951
    From related orgs
    $0
    Other
    $45,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,652
    Bonus
    $40,187
    Other
    $5,112
    Deferred
    $20,549
    Nontaxable benefits
    $24,895
    Filer's total
    $277,395

  • MARY BETH CONROY

    SR. DIRECTOR, DATA

    Total calculated
    $235,024
    From this org
    $222,117
    From related orgs
    $0
    Other
    $12,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,100
    Bonus
    $39,017
    Other
    $0
    Deferred
    $9,981
    Nontaxable benefits
    $2,926
    Filer's total
    $235,024

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
IPRO MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F) FOR SELECT AND HIGHLY COMPENSATED INDIVIDUALS. THE AMOUNTS CONTRIBUTED BY IPRO ON THEIR BEHALF IN CALENDAR YEAR 2024 ARE: THEODORE O. WILL: $23,400; CLARE BRADLEY POLLET: $29,320; EDISON A. MACHADO, JR., MD: $17,536; ALAN WOGHIN: $26,000, HERMAN A. JENICH: $13,730. THESE AMOUNTS ARE INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (C). THE AMOUNTS OF DISTRIBUTION RECEIVED FROM THE NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2024 ARE: THEODORE O. WILL: $46,181; CLARE BRADLEY POLLET: $35,702, EDISON A. MACHADO, JR., MD: $36,484, ALAN WOGHIN: $55,316, HERMAN A. JENICH: $28,170. THESE AMOUNTS ARE INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 7
AMOUNTS INCLUDED IN PART II, COLUMN B(II) REFLECT NON-FIXED PAYMENTS RECEIVED IN THE FORM OF AN ANNUAL INCENTIVE DURING THE 2024 CALENDAR YEAR. INCENTIVES ARE BASED ON VARIOUS PERFORMANCE MEASURES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LOGIQUAL LLC

    HEALTHCARE EFFECTIVENESS DATA AND INFORMATION SET AUDITS · NY · income $0 · assets $271,965

    Directly controlled by ISLAND PEER REVIEW ORGANIZATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IPRO NATIONAL MEDICAL REVIEW LTD

    C · INACTIVE · NY · 100% owned · share of assets $3,000 · controlled entity

    Directly controlled by ISLAND PEER REVIEW ORGANIZATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202631629349301038

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