Is Health Quest Systems Inc Legit?

Health Quest Systems Inc. exhibits a fluctuating financial performance over the past decade. While the organization reported a positive net income in its latest filing (202309) with revenues of $30,055,790 against expenses of $29,976,690, this follows several years of significant net losses, notably in 202209 ($1.5 million loss) and 202109 ($6.3 million loss). The organization's assets have shown substantial growth, reaching $162,920,852 in 202309 from $107,118,308 in the latest available data, indicating potential capital investments or asset accumulation. However, liabilities have also increased proportionally, suggesting a reliance on debt or other obligations. The absence of reported officer compensation across all available filings is a notable point regarding transparency. While this could indicate that executive compensation is handled by a related entity or not directly reported on this specific 990, it warrants further investigation for a complete understanding of the organization's financial practices. The overall spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data.