Health Quest Systems Inc
Health Quest Systems Inc. shows recent profitability after years of losses, with growing assets and liabilities.
EIN: 141678068 · Poughkeepsie, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.1M |
| Total Expenses | $30.0M |
| Program Spending | 75% |
| Net Assets | $3.5M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Health Quest Systems Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Health Quest Systems Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Health Quest Systems Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $30.1M and expenses of $30.0M.
Revenue and Expenses
Health Quest Systems Inc reported $30.1M in revenue and $30.0M in expenses, a surplus of $79K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Health Quest Systems Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $22.5M (75%) |
Across stored filings, Health Quest Systems Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Poughkeepsie, NY nonprofitsFollow the Money
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Request a concise report for Health Quest Systems Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Health Quest Systems Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Quest Systems Inc
Health Quest Systems Inc (EIN: 141678068) is a nonprofit organization based in Poughkeepsie, NY. The organization reported total revenue of $26.1M and total assets of $107.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Quest Systems Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Quest Systems Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.1M |
| Total Expenses | $30.0M |
| Surplus / Deficit | +$79K |
| Total Assets | $162.9M |
| Total Liabilities | $159.4M |
| Net Assets | $3.5M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 97.8% |
| Months of Reserves | 65.2 months |
Financial Health Grade: A
In 2023, Health Quest Systems Inc reported a surplus of $79K with revenue exceeding expenses, holds 65.2 months of operating reserves (strong position), has a debt-to-asset ratio of 97.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Quest Systems Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.1% | -56.2% | -40.1% |
| 2022 | -47.9% | -49.3% | -9.1% |
| 2021 | -41.7% | -39.5% | +64.0% |
| 2020 | +42.0% | +46.7% | +132.9% |
| 2019 | -16.0% | -17.9% | -24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Health Quest Systems Inc with a Mission Score of 65 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Health Quest Systems Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.8%.
Executive Compensation Analysis
No officer compensation is reported across all available IRS 990 filings for Health Quest Systems Inc., which is unusual for an organization with revenues in the tens to hundreds of millions of dollars. This suggests executive compensation may be handled by a parent or related entity, or not disclosed on these specific forms.
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 Systems Inc's IRS 990 filings:
- No reported officer compensation across all filings, which may obscure executive pay practices.
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or major operational changes.
- Consistent net losses in several recent years (e.g., $1.5M in 202209, $6.3M in 202109) before a recent positive turn.
Strengths
The following positive indicators were identified for Health Quest Systems Inc:
- Positive net income in the latest filing (202309), reversing a trend of losses.
- Substantial asset growth, indicating potential for future capacity or investment.
- Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Health Quest Systems Inc
Is Health Quest Systems Inc a legitimate charity?
Health Quest Systems Inc (EIN: 141678068) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Health Quest Systems Inc spend its money?
Health Quest Systems Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Health Quest Systems Inc tax-deductible?
Health Quest Systems Inc is registered as a tax-exempt nonprofit (EIN: 141678068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Health Quest Systems Inc's spending goes to programs?
Health Quest Systems Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Health Quest Systems Inc located?
Health Quest Systems Inc is headquartered in Poughkeepsie, New York and files with the IRS under EIN 141678068.
How many years of IRS 990 filings does Health Quest Systems Inc have?
Health Quest Systems Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $26.1M in total revenue.
Why is no officer compensation reported on any of the 990 filings?
The consistent reporting of 0% officer compensation across all filings suggests that executive salaries might be paid by a related entity, or that the individuals serving as officers are not compensated directly by Health Quest Systems Inc. as reported on these specific forms. Further investigation into the organizational structure and related entities would be necessary to understand this.
What caused the significant fluctuations in revenue and expenses over the past few years?
Revenue peaked at $220,668,429 in 202009 and then sharply declined to $30,055,790 by 202309. This dramatic change, along with corresponding expense fluctuations, could indicate significant operational changes, divestitures, mergers, or shifts in funding models. A detailed review of the organization's activities during these periods would be needed.
What is the nature of the substantial increase in assets and liabilities?
Assets grew from $78,345,682 in 201909 to $162,920,852 in 202309, with liabilities showing a similar trend. This could be due to capital investments, acquisitions, or increased debt financing. Understanding the composition of these assets and liabilities is crucial for assessing financial stability.
Filing History
IRS 990 filing history for Health Quest Systems Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Quest Systems Inc's revenue has declined by 70.3%, moving from $101.1M to $30.1M. Total assets increased by 70.9% over the same period, from $95.4M to $162.9M. Total functional expenses fell by 70.4%, from $101.1M to $30.0M. In its most recent filing year (2023), Health Quest Systems Inc reported a surplus of $79K, with revenue exceeding expenses. The organization holds $159.4M in liabilities against $162.9M in assets (debt-to-asset ratio: 97.8%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.1M | $30.0M | $162.9M | $159.4M | — | — |
| 2022 | $67.0M | $68.5M | $272.0M | $268.6M | — | — |
| 2021 | $128.6M | $135.0M | $299.2M | $294.3M | — | View 990 |
| 2020 | $220.7M | $223.2M | $182.5M | $171.1M | — | View 990 |
| 2019 | $155.4M | $152.1M | $78.3M | $84.6M | — | View 990 |
| 2018 | $184.9M | $185.2M | $103.7M | $113.2M | — | View 990 |
| 2017 | $182.7M | $182.2M | $121.6M | $130.7M | — | View 990 |
| 2016 | $174.3M | $179.6M | $92.0M | $101.6M | — | View 990 |
| 2015 | $156.3M | $156.5M | $96.2M | $100.5M | — | View 990 |
| 2014 | $151.2M | $155.4M | $92.9M | $97.1M | — | View 990 |
| 2013 | $144.5M | $144.5M | $108.8M | $108.8M | — | View 990 |
| 2012 | $127.3M | $127.3M | $124.2M | $124.2M | — | View 990 |
| 2011 | $101.1M | $101.1M | $95.4M | $95.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.1M, expenses of $30.0M, and assets of $162.9M (revenue -55.1% year-over-year).
- 2022: Revenue of $67.0M, expenses of $68.5M, and assets of $272.0M (revenue -47.9% year-over-year).
- 2021: Revenue of $128.6M, expenses of $135.0M, and assets of $299.2M (revenue -41.7% year-over-year).
- 2020: Revenue of $220.7M, expenses of $223.2M, and assets of $182.5M (revenue +42.0% year-over-year).
- 2019: Revenue of $155.4M, expenses of $152.1M, and assets of $78.3M (revenue -16.0% year-over-year).
- 2018: Revenue of $184.9M, expenses of $185.2M, and assets of $103.7M (revenue +1.2% year-over-year).
- 2017: Revenue of $182.7M, expenses of $182.2M, and assets of $121.6M (revenue +4.8% year-over-year).
- 2016: Revenue of $174.3M, expenses of $179.6M, and assets of $92.0M (revenue +11.5% year-over-year).
- 2015: Revenue of $156.3M, expenses of $156.5M, and assets of $96.2M (revenue +3.4% year-over-year).
- 2014: Revenue of $151.2M, expenses of $155.4M, and assets of $92.9M (revenue +4.6% year-over-year).
- 2013: Revenue of $144.5M, expenses of $144.5M, and assets of $108.8M (revenue +13.5% year-over-year).
- 2012: Revenue of $127.3M, expenses of $127.3M, and assets of $124.2M (revenue +25.9% year-over-year).
- 2011: Revenue of $101.1M, expenses of $101.1M, and assets of $95.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Quest Systems Inc:
Data Sources and Methodology
This transparency report for Health Quest Systems Inc 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.