Healthcare Quality Strategies Inc
- Assets
- $10.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 32
- Location
- East Brunswick, NJ
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 22-2547756
Organization Overview
Healthcare Quality Strategies Inc is located in East Brunswick, NJ. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Healthcare Quality Strategies Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Quality Strategies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Healthcare Quality Strategies Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MONITOR THE QUALITY OF HEALTHCARE IN NEW JERSEY.
Describe the Organization's Program Activity:
INDEPENDENT REVIEW SERVICES HQSI CONTRACTS WITH BOTH PAYORS AND INSURERS TO CONDUCT MEDICAL NECESSITY REVIEWS. REVIEWS ARE CONDUCTED ON A FEE FOR SERVICE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barnard Kaplan MD Trustee | Trustee | 0.5 | $7,350 |
David I Kingsley Vice President | OfficerTrustee | 0.5 | $3,625 |
Donald L Pendley MD Outgoing Trustee | Trustee | 0.5 | $0 |
Edward Josell Treasurer | OfficerTrustee | 0.5 | $4,700 |
Elyse Perweiler Mpp RN Trustee | Trustee | 0.5 | $6,850 |
Howard Zeidman MD President | OfficerTrustee | 0.5 | $5,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,012,778 |
| Investment income | $170,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,658 |
| Net Gain/Loss on Asset Sales | $39,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,103,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $577,150 |
| Compensation of current officers, directors, key employees. | $336,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,218,997 |
| Pension plan accruals and contributions | $72,634 |
| Other employee benefits | $382,454 |
| Payroll taxes | $145,668 |
| Fees for services: Management | $339,392 |
| Fees for services: Legal | $12,470 |
| Fees for services: Accounting | $118,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,803 |
| Fees for services: Other | $431,636 |
| Advertising and promotion | $0 |
| Office expenses | $220,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,094 |
| Travel | $31,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,659 |
| Insurance | $104,687 |
| All other expenses | $102,357 |
| Total functional expenses | $4,029,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630 |
| Savings and temporary cash investments | $220,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $294,413 |
| Net Land, buildings, and equipment | $24,190 |
| Investments—publicly traded securities | $8,634,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $104,316 |
| Other assets | $1,128,789 |
| Total assets | $10,685,088 |
| Accounts payable and accrued expenses | $481,877 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,986,746 |
| Total liabilities | $3,468,623 |
| Net assets without donor restrictions | $7,216,465 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,685,088 |