Healthcare Quality Strategies Inc

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Healthcare Quality Strategies Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Healthcare Quality Strategies 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 Healthcare Quality Strategies Inc in one place.

Is Healthcare Quality Strategies Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Healthcare Quality Strategies 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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Healthcare Quality Strategies Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

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.

Organization Overview

Healthcare Quality Strategies Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Healthcare Quality Strategies Inc reported a deficit of $1.9M with expenses exceeding revenue, holds 31.8 months of operating reserves (strong position), has a debt-to-asset ratio of 32.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Healthcare Quality Strategies Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $1.9M, with expenses exceeding revenue.
• Debt-to-asset ratio: 32.5%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Healthcare Quality Strategies Inc:

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.