Health Quest Systems Inc (EIN 141678068) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Phone

8454759500

Tax Period

2023-10-01 to 2024-09-30

Health Quest Systems Inc, founded in 1987, is a mid-sized nonprofit that reported $25.6M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $419,514

Program Service Revenue $25,071,889

Investment Income $-62,207

Other Revenue $193,765

TOTAL REVENUE $25,622,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,605,250

Fundraising Expenses $0

Program Expenses $19,257,413

Other Expenses $8,750,582

TOTAL EXPENSES $26,355,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,622,961	$30,055,790	-0.1%
Expenses	$26,355,832	$29,976,690	-0.1%
Net Income	$-732,871	$79,100	-10.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

588

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,364,658

Total Directors

$3,956,016

Key Employees

$5,441,284

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE ROBY	CHAIR	3.0	Officer Director	$0	$0	$0
JOHN M MURPHY MD	PRESIDENT/CEO	3.0	Officer Director	$0	$53,709	$3,956,016
STEVEN V LANT	VICE CHAIR	3.0	Officer Director	$0	$0	$0
DANIEL MCCARTHY	DIRECTOR	2.0	Director	$0	$0	$0
DONALD JONES	DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH BRADLEY PHD	DIRECTOR	2.0	Director	$0	$0	$0
ERVIN R SHAMES	DIRECTOR	2.0	Director	$0	$0	$0
FRANCOISE DUNEFSKY	DIRECTOR (FROM 07/26)	2.0	Director	$0	$0	$0
GREGORY W RAKOW	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH DIVESTEA	DIRECTOR	2.0	Director	$0	$0	$0
MARK GUDIS	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL J NESHEIWAT MD	DIRECTOR	2.0	Director	$0	$0	$0
RICHARD G JABARA	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT R DYSON	DIRECTOR	2.0	Director	$0	$0	$0
S JAVID SHAHID MD	DIRECTOR	2.0	Director	$0	$0	$0
SALVATORE CALTA JR	DIRECTOR	2.0	Director	$0	$0	$0
THOMAS DUBIN	DIRECTOR (FORM 7/26)	2.0	Director	$0	$0	$0
TIMOTHY DEAN	DIRECTOR (FORM 7/26)	2.0	Director	$0	$0	$0
BRIAN WYATT	SECRETARY & CHIEF LEGAL OFFICER	2.0	Officer	$0	$124,638	$758,850
DANIEL DEBARBA	CHIEF FINANCIAL OFFICER; TREASURER	2.0	Officer	$0	$175,627	$1,649,792
CHRISTOPHER M LEHRACH MD	CHIEF PHYSICIAN EXECUTIVE	6.0	Key Emp	$0	$64,150	$1,438,820
JEAN AHN	CHIEF STRATEGY OFFICER	5.0	Key Emp	$0	$98,768	$1,079,899
KATHRYN D CULLINAN	CHIEF HUMAN RESOURCES OFFICER	5.0	Key Emp	$0	$111,060	$827,453
MICHELLE ROBERTSON	CHIEF OPERATING OFFICER	5.0	Key Emp	$0	$187,713	$1,525,961
WAYNE MCNULTY	CHIEF COMPLIANCE OFFICER	5.0	Key Emp	$0	$33,749	$569,151
ARIANA ROWE	AVP NUVANCE LEARNING INSTITUTE	40.0	Highest	$216,299	$542	$216,841
CHRISTOPHER STENBERG	VP GRAD MED EDUC/DIO	40.0	Highest	$487,056	$7,527	$494,583
COLIN GIBSON	STAFF PHYSICIAN	5.0	Highest	$44,267	$32,122	$367,619
COURTNEY MATTESON	AVP NUVANCE LEARNING INSTITUTE	40.0	Highest	$198,775	$8,362	$207,137
DEBORAH A HEWITT	AVP PROFESSIONAL DEVELOPMENT	40.0	Highest	$242,430	$38,411	$280,841
DANIEL J O'DEA MD	PHYSICIAN/FORMER VP CARDIO	0.0		$0	$54,644	$566,925
DENISE GEORGE	PRESIDENT NDH & SVP CLINICAL SERVICES	0.0		$0	$39,779	$792,314
MARK K HIRKO MD	PRESIDENT PUTNAM HOSPITAL	0.0		$0	$45,894	$750,948
PETER A KELLY	FORMER PRESIDENT VBMC	0.0		$0	$14,267	$254,347
PETER CORDEAU	PRESIDENT NORWALK HOSPITAL	0.0		$0	$63,284	$838,684

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$25,622,961	$26,355,832	$107,118,308	$-732,871
2023	$30,055,790	$29,976,690	$162,920,852	$79,100
2022	$66,961,780	$68,479,528	$271,970,631	$-1,517,748
2021	$128,637,142	$134,992,156	$299,235,129	$-6,355,014
2020	$220,668,429	$223,190,981	$182,459,538	$-2,522,552
2018	$184,878,784	$185,231,980	$103,679,097	$-353,196

Health Quest Systems Inc