Quality Health Network
Quality Health Network reports recent operating deficits despite a decade of revenue growth.
EIN: 201632384 · Grand Jct, CO · NTEE: E02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $6.8M |
| Program Spending | 80% |
| Net Assets | $7.1M |
| Transparency Score | 75/100 |
Is Quality Health Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quality Health Network directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quality Health Network
Quality Health Network (EIN: 201632384) is a nonprofit organization based in Grand Jct, CO, classified under NTEE code E02. The organization reported total revenue of $5.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality Health Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quality Health Network is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-1,044,139 |
| Total Assets | $8.3M |
| Total Liabilities | $1.2M |
| Net Assets | $7.1M |
| Operating Margin | -18.0% |
| Debt-to-Asset Ratio | 14.1% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Quality Health Network reported a deficit of $1.0M with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quality Health Network's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +12.5% | -11.2% |
| 2022 | -27.7% | +0.9% | -9.0% |
| 2021 | +12.3% | +17.1% | +18.1% |
| 2020 | +21.2% | +10.4% | +23.5% |
| 2019 | +5.2% | +12.3% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Quality Health Network 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Quality Health Network 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for minimizing administrative costs.
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 Quality Health Network's IRS 990 filings:
- Expenses exceeded revenue in the two most recent fiscal periods (2022 and 2023), indicating operating deficits.
- Significant decrease in assets from $9,301,700 in 2022 to $8,255,670 in 2023, potentially due to operating losses.
Strengths
The following positive indicators were identified for Quality Health Network:
- Consistent revenue generation over a decade, demonstrating organizational stability.
- Zero reported officer compensation across all filings, indicating efficient use of funds regarding executive pay.
- Substantial asset base, with assets of $8,255,670 in 2023, providing financial resilience.
- Long filing history (13 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Quality Health Network
Is Quality Health Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Quality Health Network (EIN: 201632384) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Quality Health Network spend its money?
Quality Health Network directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quality Health Network tax-deductible?
Quality Health Network is registered as a tax-exempt nonprofit (EIN: 201632384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quality Health Network's spending goes to programs?
Quality Health Network directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quality Health Network compare to similar nonprofits?
With a transparency score of 75/100 (Good), Quality Health Network is above average for NTEE category E02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quality Health Network located?
Quality Health Network is headquartered in Grand Jct, Colorado and files with the IRS under EIN 201632384. It is classified under NTEE code E02.
How many years of IRS 990 filings does Quality Health Network have?
Quality Health Network 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 $5.6M in total revenue.
What caused the significant increase in expenses in 2022 and 2023, leading to operating deficits?
The filings show expenses of $6,080,650 in 2022 and $6,842,040 in 2023, both exceeding revenues for those periods. Further detail from the full 990 would be needed to identify the specific categories of increased spending.
How does Quality Health Network plan to address the recent trend of expenses exceeding revenue?
While the filings indicate this trend, the 990 data alone does not provide insight into the organization's strategic plans to return to a surplus or manage these deficits. This would require reviewing their financial statements or annual reports.
Given the NTEE code E02 (Health Care, General and Specialized), how effectively are their programs impacting the community?
The financial data shows consistent revenue and significant assets, suggesting operational capacity. However, the 990 financial summary does not detail program outcomes or impact metrics, which would be necessary to assess program effectiveness.
Filing History
IRS 990 filing history for Quality Health Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quality Health Network's revenue has grown by 52.8%, moving from $3.8M to $5.8M. Total assets increased by 222.2% over the same period, from $2.6M to $8.3M. Total functional expenses rose by 118.5%, from $3.1M to $6.8M. In its most recent filing year (2023), Quality Health Network reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $8.3M in assets (debt-to-asset ratio: 14.1%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $6.8M | $8.3M | $1.2M | — | — |
| 2022 | $5.3M | $6.1M | $9.3M | $1.2M | — | View 990 |
| 2021 | $7.3M | $6.0M | $10.2M | $1.3M | — | View 990 |
| 2020 | $6.5M | $5.1M | $8.7M | $978K | — | View 990 |
| 2019 | $5.4M | $4.7M | $7.0M | $676K | — | View 990 |
| 2018 | $5.1M | $4.1M | $6.2M | $612K | — | View 990 |
| 2017 | $4.8M | $3.5M | $5.2M | $461K | — | — |
| 2016 | $4.1M | $3.0M | $3.8M | $419K | — | View 990 |
| 2015 | $3.8M | $3.1M | $2.7M | $324K | — | View 990 |
| 2014 | $3.6M | $4.1M | $2.3M | $681K | — | View 990 |
| 2013 | $5.3M | $4.9M | $3.1M | $1.1M | — | View 990 |
| 2012 | $6.8M | $6.6M | $3.4M | $1.8M | — | View 990 |
| 2011 | $3.8M | $3.1M | $2.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $6.8M, and assets of $8.3M (revenue +9.9% year-over-year).
- 2022: Revenue of $5.3M, expenses of $6.1M, and assets of $9.3M (revenue -27.7% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.0M, and assets of $10.2M (revenue +12.3% year-over-year).
- 2020: Revenue of $6.5M, expenses of $5.1M, and assets of $8.7M (revenue +21.2% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.7M, and assets of $7.0M (revenue +5.2% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.1M, and assets of $6.2M (revenue +6.4% year-over-year).
- 2017: Revenue of $4.8M, expenses of $3.5M, and assets of $5.2M (revenue +17.7% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.0M, and assets of $3.8M (revenue +5.6% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.1M, and assets of $2.7M (revenue +6.4% year-over-year).
- 2014: Revenue of $3.6M, expenses of $4.1M, and assets of $2.3M (revenue -32.1% year-over-year).
- 2013: Revenue of $5.3M, expenses of $4.9M, and assets of $3.1M (revenue -21.5% year-over-year).
- 2012: Revenue of $6.8M, expenses of $6.6M, and assets of $3.4M (revenue +78.8% year-over-year).
- 2011: Revenue of $3.8M, expenses of $3.1M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quality Health Network:
Data Sources and Methodology
This transparency report for Quality Health Network 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.