Healthcare Quality Strategies Inc
Healthcare Quality Strategies Inc: Declining Revenue Amidst Stable Assets
EIN: 222547756 · E Brunswick, NJ · NTEE: E190 · Updated: 2026-04-04
About Healthcare Quality Strategies Inc
Healthcare Quality Strategies Inc (EIN: 222547756) is a nonprofit organization based in E Brunswick, NJ, classified under NTEE code E190. The organization reported total revenue of $6.9M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Quality Strategies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthcare Quality Strategies Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Healthcare Quality Strategies Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial filings.
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 Healthcare Quality Strategies Inc's IRS 990 filings:
- 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 following positive indicators were identified for Healthcare Quality Strategies Inc:
- 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).
Frequently Asked Questions about Healthcare Quality Strategies Inc
What does Healthcare Quality Strategies Inc do?
Healthcare Quality Strategies Inc is a nonprofit organization in the Health Care sector, located in E Brunswick, New Jersey. It is classified under NTEE code E190.
How much revenue does Healthcare Quality Strategies Inc have?
Healthcare Quality Strategies Inc reported total revenue of $6,900,611. Based on 13 IRS 990 filings on record.
What are Healthcare Quality Strategies Inc's total assets?
Healthcare Quality Strategies Inc holds total assets of $13,655,355 as reported in IRS 990 filings.
Where is Healthcare Quality Strategies Inc located?
Healthcare Quality Strategies Inc is based in E Brunswick, New Jersey.
What is Healthcare Quality Strategies Inc's EIN?
Healthcare Quality Strategies Inc's Employer Identification Number (EIN) is 222547756. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Healthcare Quality Strategies Inc?
Healthcare Quality Strategies Inc is classified under NTEE code E190 (Health Care).
Is Healthcare Quality Strategies Inc a registered 501(c)(3)?
Yes, Healthcare Quality Strategies Inc is recognized as a tax-exempt organization by the IRS. EIN: 222547756.
Does Healthcare Quality Strategies Inc file IRS Form 990?
Yes, Healthcare Quality Strategies Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Healthcare Quality Strategies Inc's revenue in 2023?
In the 202312 filing period, Healthcare Quality Strategies Inc reported total revenue of $2,103,924, total expenses of $4,029,469, and net assets of $10,685,088.
Is Healthcare Quality Strategies Inc's revenue growing or declining?
Healthcare Quality Strategies Inc's revenue is declining. Revenue went from $3,213,233 (202212) to $2,103,924 (202312), a -34.5% change. Based on 13 filings on record.
What is Healthcare Quality Strategies Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Healthcare Quality Strategies Inc covers tax period 202312. It shows revenue of $2,103,924, expenses of $4,029,469, total assets of $10,685,088, and liabilities of $3,468,623.
How much does Healthcare Quality Strategies Inc spend on programs vs administration?
Based on IRS 990 analysis, Healthcare Quality Strategies Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Healthcare Quality Strategies Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Healthcare Quality Strategies Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Healthcare Quality Strategies Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Healthcare Quality Strategies Inc's strengths?
Positive indicators for Healthcare Quality Strategies Inc include: 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).. These findings are derived from AI analysis of the organization's financial filings.
How does Healthcare Quality Strategies Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Despite a substantial decline in revenue, how has Healthcare Quality Strategies Inc managed to maintain a stable and even growing asset base?
The organization's asset base has remained robust, increasing from $9,670,801 in 2022 to $10,685,088 in 2023, even as revenue dropped from $3,213,233 to $2,103,924. This suggests potential reliance on investment income, prior reserves, or non-operating gains to offset operational deficits and maintain asset levels.
Filing History
IRS 990 filing history for Healthcare Quality Strategies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Quality Strategies Inc's revenue has declined by 77.8%, moving from $9.5M to $2.1M. Total assets decreased by 31.5% over the same period, from $15.6M to $10.7M. Total functional expenses fell by 54%, from $8.8M to $4.0M. In its most recent filing year (2023), Healthcare Quality Strategies Inc reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $10.7M in assets (debt-to-asset ratio: 32.5%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $4.0M | $10.7M | $3.5M | — | View 990 |
| 2022 | $3.2M | $4.7M | $9.7M | $1.9M | — | View 990 |
| 2021 | $5.1M | $4.5M | $11.9M | $568K | — | View 990 |
| 2020 | $3.3M | $5.4M | $11.7M | $1.5M | — | View 990 |
| 2019 | $9.4M | $7.5M | $12.6M | $1.3M | — | View 990 |
| 2018 | $7.3M | $7.0M | $11.3M | $1.6M | — | View 990 |
| 2017 | $4.6M | $5.9M | $11.4M | $2.3M | — | View 990 |
| 2016 | $1.7M | $6.9M | $11.9M | $3.2M | — | View 990 |
| 2015 | $1.2M | $5.6M | $13.3M | $3.0M | — | View 990 |
| 2014 | $8.5M | $8.2M | $15.2M | $4.7M | — | View 990 |
| 2013 | $12.1M | $9.9M | $16.0M | $4.5M | — | View 990 |
| 2012 | $16.0M | $10.8M | $16.6M | $3.0M | — | View 990 |
| 2011 | $9.5M | $8.8M | $15.6M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $4.0M, and assets of $10.7M (revenue -34.5% year-over-year).
- 2022: Revenue of $3.2M, expenses of $4.7M, and assets of $9.7M (revenue -37.0% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.5M, and assets of $11.9M (revenue +56.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $5.4M, and assets of $11.7M (revenue -65.5% year-over-year).
- 2019: Revenue of $9.4M, expenses of $7.5M, and assets of $12.6M (revenue +28.8% year-over-year).
- 2018: Revenue of $7.3M, expenses of $7.0M, and assets of $11.3M (revenue +60.2% year-over-year).
- 2017: Revenue of $4.6M, expenses of $5.9M, and assets of $11.4M (revenue +173.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $6.9M, and assets of $11.9M (revenue +34.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $5.6M, and assets of $13.3M (revenue -85.4% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.2M, and assets of $15.2M (revenue -29.7% year-over-year).
- 2013: Revenue of $12.1M, expenses of $9.9M, and assets of $16.0M (revenue -24.5% year-over-year).
- 2012: Revenue of $16.0M, expenses of $10.8M, and assets of $16.6M (revenue +69.6% year-over-year).
- 2011: Revenue of $9.5M, expenses of $8.8M, and assets of $15.6M.
Data Sources and Methodology
This transparency report for Healthcare Quality Strategies 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.