Hospital Quality Foundation
EIN: 320246498 · Shrewsbury, NJ · NTEE: B990
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $244K |
| Net Assets | $3K |
Is Hospital Quality Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hospital Quality Foundation
Hospital Quality Foundation (EIN: 320246498) is a nonprofit organization based in Shrewsbury, NJ, classified under NTEE code B990. The organization reported total revenue of $157K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospital Quality Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospital Quality Foundation is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $244K |
| Total Expenses | $244K |
| Surplus / Deficit | +$67 |
| Total Assets | $346K |
| Total Liabilities | $342K |
| Net Assets | $3K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 99.0% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Hospital Quality Foundation reported a surplus of $67 with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 99.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.0% | -50.0% | -38.0% |
| 2022 | -35.2% | -35.2% | -22.3% |
| 2021 | -18.1% | -18.1% | -33.8% |
| 2020 | -36.4% | -36.4% | +57.4% |
| 2019 | -25.1% | -25.1% | -29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hospital Quality Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hospital Quality Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $67, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.0%.
Frequently Asked Questions about Hospital Quality Foundation
Is Hospital Quality Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospital Quality Foundation (EIN: 320246498) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hospital Quality Foundation spend its money?
Detailed spending breakdown data is not yet available for Hospital Quality Foundation. Check back for updated IRS 990 analysis.
Are donations to Hospital Quality Foundation tax-deductible?
Hospital Quality Foundation is registered as a tax-exempt nonprofit (EIN: 320246498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hospital Quality Foundation located?
Hospital Quality Foundation is headquartered in Shrewsbury, New Jersey and files with the IRS under EIN 320246498. It is classified under NTEE code B990.
How many years of IRS 990 filings does Hospital Quality Foundation have?
Hospital Quality Foundation 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 $157K in total revenue.
Filing History
IRS 990 filing history for Hospital Quality Foundation showing financial trends over 13 years of public records:
Total assets increased by 38725.1% over the same period, from $891 to $346K. Total functional expenses rose by 18819.4%, from $1K to $244K. In its most recent filing year (2023), Hospital Quality Foundation reported a surplus of $67, with revenue exceeding expenses. The organization holds $342K in liabilities against $346K in assets (debt-to-asset ratio: 99.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $244K | $244K | $346K | $342K | — | — |
| 2022 | $488K | $488K | $558K | $555K | — | View 990 |
| 2021 | $754K | $753K | $718K | $715K | — | View 990 |
| 2020 | $920K | $920K | $1.1M | $1.1M | — | View 990 |
| 2019 | $1.4M | $1.4M | $689K | $686K | — | View 990 |
| 2018 | $1.9M | $1.9M | $976K | $972K | — | View 990 |
| 2017 | $1.9M | $1.9M | $1.0M | $1.0M | — | — |
| 2016 | $1.2M | $1.2M | $1.4M | $1.4M | — | View 990 |
| 2015 | $1.1M | $1.1M | $1.3M | $1.3M | — | View 990 |
| 2014 | $752K | $752K | $1.1M | $1.1M | — | View 990 |
| 2013 | $681K | $683K | $442K | $439K | — | View 990 |
| 2012 | $192K | $187K | $6K | $1K | — | View 990 |
| 2011 | $0 | $1K | $891 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $244K, expenses of $244K, and assets of $346K (revenue -50.0% year-over-year).
- 2022: Revenue of $488K, expenses of $488K, and assets of $558K (revenue -35.2% year-over-year).
- 2021: Revenue of $754K, expenses of $753K, and assets of $718K (revenue -18.1% year-over-year).
- 2020: Revenue of $920K, expenses of $920K, and assets of $1.1M (revenue -36.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $689K (revenue -25.1% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $976K (revenue -1.0% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $1.0M (revenue +56.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +11.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +47.9% year-over-year).
- 2014: Revenue of $752K, expenses of $752K, and assets of $1.1M (revenue +10.3% year-over-year).
- 2013: Revenue of $681K, expenses of $683K, and assets of $442K (revenue +254.4% year-over-year).
- 2012: Revenue of $192K, expenses of $187K, and assets of $6K.
- 2011: Revenue of $0, expenses of $1K, and assets of $891.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospital Quality Foundation:
Data Sources and Methodology
This transparency report for Hospital Quality Foundation 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.