Health Quest Home Care Inc Certified

Health Quest Home Care Inc Certified faces significant financial challenges with persistent deficits and growing liabilities.

EIN: 141788412 · Poughkeepsie, NY · NTEE: E92Z · Updated: 2026-03-28

$8.5MRevenue

$3.6MAssets

40/100Mission Score (Fair)

E92Z

About Health Quest Home Care Inc Certified

Health Quest Home Care Inc Certified (EIN: 141788412) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code E92Z. The organization reported total revenue of $8.5M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Quest Home Care Inc Certified 's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Health Quest Home Care Inc Certified with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Health Quest Home Care Inc Certified allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, which could indicate a volunteer-led executive team or that executive compensation is embedded within other expense categories, potentially obscuring the true cost of leadership.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Health Quest Home Care Inc Certified 's IRS 990 filings:

Persistent operational deficits (expenses consistently exceed revenue, e.g., $9.3M expenses vs. $6.4M revenue in 2023).
Significantly high and growing liabilities compared to assets (e.g., $20.6M liabilities vs. $8.0M assets in 2023).
Negative net asset position, indicating insolvency.
Lack of detailed spending breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.

Strengths

The following positive indicators were identified for Health Quest Home Care Inc Certified :

Consistent filing of IRS 990 forms, indicating a commitment to regulatory compliance.
No reported officer compensation, which could imply a volunteer-driven leadership structure.

Frequently Asked Questions about Health Quest Home Care Inc Certified

Is Health Quest Home Care Inc Certified financially stable?

No, the organization appears to be in a precarious financial state, with expenses consistently exceeding revenue and liabilities significantly outweighing assets in recent years, such as $20,637,409 in liabilities versus $8,066,059 in assets in 2023.

Why are liabilities so high for Health Quest Home Care Inc Certified?

The high and growing liabilities, reaching over $20 million in 2023, are likely a result of the organization consistently spending more than it earns, as evidenced by expenses exceeding revenue in most recent periods (e.g., $9.3M expenses vs. $6.4M revenue in 2023).

What is the trend in revenue and expenses for Health Quest Home Care Inc Certified?

While revenue has shown some growth over the years, expenses have consistently outpaced revenue, leading to significant operational deficits, particularly noticeable from 2019 through 2023.

Does Health Quest Home Care Inc Certified pay its officers?

Based on the provided IRS 990 data, no officer compensation has been reported in any of the listed filing periods, suggesting either a volunteer executive team or that compensation is reported differently.

Filing History

IRS 990 filing history for Health Quest Home Care Inc Certified showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Health Quest Home Care Inc Certified 's revenue has grown by 65.4%, moving from $3.9M to $6.4M. Total assets increased by 536.9% over the same period, from $1.3M to $8.1M. Total functional expenses rose by 123%, from $4.2M to $9.4M. In its most recent filing year (2023), Health Quest Home Care Inc Certified reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $20.6M in liabilities against $8.1M in assets (debt-to-asset ratio: 255.9%), resulting in net assets of $-12,571,350.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.4M	$9.4M	$8.1M	$20.6M	—	—
2022	$5.5M	$7.7M	$10.2M	$19.8M	—	—
2021	$4.2M	$6.6M	$1.7M	$6.1M	—	—
2021	$4.7M	$7.7M	$4.7M	$12.1M	—	—
2020	$4.2M	$6.6M	$1.7M	$6.1M	—	View 990
2019	$2.6M	$4.7M	$1.4M	$3.4M	—	—
2018	$3.8M	$5.4M	$1.5M	$1.4M	—	View 990
2017	$6.8M	$5.0M	$1.4M	$11.1M	—	View 990
2016	$4.3M	$5.0M	$1.6M	$13.0M	—	View 990
2015	$4.4M	$5.1M	$1.5M	$12.2M	—	View 990
2014	$4.6M	$14.6M	$1.4M	$11.4M	—	View 990
2013	$4.6M	$5.0M	$1.7M	$1.7M	—	View 990
2012	$4.6M	$4.4M	$1.1M	$645K	—	View 990
2011	$3.9M	$4.2M	$1.3M	$1.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.4M, expenses of $9.4M, and assets of $8.1M (revenue +16.4% year-over-year).
2022: Revenue of $5.5M, expenses of $7.7M, and assets of $10.2M (revenue +32.4% year-over-year).
2021: Revenue of $4.2M, expenses of $6.6M, and assets of $1.7M (revenue -10.9% year-over-year).
2021: Revenue of $4.7M, expenses of $7.7M, and assets of $4.7M (revenue +12.2% year-over-year).
2020: Revenue of $4.2M, expenses of $6.6M, and assets of $1.7M (revenue +59.8% year-over-year).
2019: Revenue of $2.6M, expenses of $4.7M, and assets of $1.4M (revenue -31.0% year-over-year).
2018: Revenue of $3.8M, expenses of $5.4M, and assets of $1.5M (revenue -44.5% year-over-year).
2017: Revenue of $6.8M, expenses of $5.0M, and assets of $1.4M (revenue +57.4% year-over-year).
2016: Revenue of $4.3M, expenses of $5.0M, and assets of $1.6M (revenue -0.8% year-over-year).
2015: Revenue of $4.4M, expenses of $5.1M, and assets of $1.5M (revenue -5.6% year-over-year).
2014: Revenue of $4.6M, expenses of $14.6M, and assets of $1.4M (revenue +0.1% year-over-year).
2013: Revenue of $4.6M, expenses of $5.0M, and assets of $1.7M (revenue +0.0% year-over-year).
2012: Revenue of $4.6M, expenses of $4.4M, and assets of $1.1M (revenue +18.9% year-over-year).
2011: Revenue of $3.9M, expenses of $4.2M, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Health Quest Home Care Inc Certified is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.