Is Health Quest Home Care Inc Certified Legit?

Health Quest Home Care Inc Certified exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $9,366,614 against revenues of $6,413,217, and in 2022, expenses were $7,714,923 against revenues of $5,508,896. This persistent deficit spending has led to a significant accumulation of liabilities, reaching $20,637,409 in 2023, far outweighing its assets of $8,066,059. The organization's financial health appears precarious, with a negative net asset position. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational losses suggest inefficiencies or an unsustainable financial model. The lack of reported officer compensation across all filings indicates either a fully volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The substantial and growing liabilities are a major concern for long-term sustainability.