Revenue has seen a significant decline from $9,433,796 in 2019 to $2,103,924 in 2023, raising concerns about long-term sustainability.
Expenses consistently exceed revenue in recent years (e.g., 2023 revenue $2,103,924 vs. expenses $4,029,469), indicating operational deficits.
Strengths
The organization maintains a healthy asset base, with total assets consistently above $9 million over the past several years, reaching $10,685,088 in 2023.
Liabilities remain relatively low compared to assets, suggesting good financial solvency (e.g., $3,468,623 in liabilities vs. $10,685,088 in assets in 2023).
AI Transparency Report
Healthcare Quality Strategies Inc is a health care nonprofit based in E Brunswick, New Jersey, with reported revenue of $6.9M and assets of $13.7M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial filings. Revenue has declined -78% across 13 filing periods.