HEALTHCARE QUALITY STRATEGIES INC

EIN: 222547756 501(c)(3) Health Care

EAST BRUNSWICK, NJ

Total Revenue
$2,103,924
Total Expenses
$4,029,469
Total Assets
$10,685,088
Net Assets
$7,216,465
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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
1982
Legal Domicile
NJ
Principal Officer
VALERIE AIELLO
Phone
7322385570
Tax Period
2023-01-01 to 2023-12-31

HEALTHCARE QUALITY STRATEGIES INC, founded in 1982, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 92% operating deficit.

Mission

MONITOR THE QUALITY OF HEALTHCARE IN NEW JERSEY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,012,778
Investment Income $209,948
Other Revenue $-118,802
TOTAL REVENUE $2,103,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,396,903
Fundraising Expenses $0
Program Expenses $1,551,758
Other Expenses $1,632,566
TOTAL EXPENSES $4,029,469

Year-over-Year Comparison

2023 2022 Change
Revenue $2,103,924 $3,213,233 -0.3%
Expenses $4,029,469 $4,691,886 -0.1%
Net Income $-1,925,545 $-1,478,653 +0.3%
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

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Governance

Voting Members
15
Independent Members
14
Employees
32
Volunteers
14

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
$526,050
Total Directors
16
$579,350
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARNARD KAPLAN MD TRUSTEE 0.50
Director
$7,350 $0 $7,350
DAVID I KINGSLEY VICE PRESIDENT 0.50
Officer Director
$3,625 $0 $3,625
DONALD L PENDLEY MD OUTGOING TRUSTEE 0.50
Director
$0 $0 $0
EDWARD JOSELL TREASURER 0.50
Officer Director
$4,700 $0 $4,700
ELYSE PERWEILER MPP RN TRUSTEE 0.50
Director
$6,850 $0 $6,850
HOWARD ZEIDMAN MD PRESIDENT 0.50
Officer Director
$5,850 $0 $5,850
JAMES J MADDEN ESQ TRUSTEE 0.50
Director
$6,850 $0 $6,850
JOHN LEWY MD TRUSTEE 0.50
Director
$5,100 $0 $5,100
MARSHA BOGGESS TRUSTEE 0.50
Director
$6,150 $0 $6,150
MARTIN P MARGOLIES TRUSTEE 0.50
Director
$5,500 $0 $5,500
MARY ANN CONTE RN SECRETARY 0.50
Officer Director
$7,050 $0 $7,050
MARY JANE BRUBAKER PAST CEO/TRUSTEE 0.50
Officer Director
$249,808 $0 $249,808
MICHAEL SPIVAK DO TRUSTEE 0.50
Director
$5,850 $0 $5,850
STEVEN OXLER TRUSTEE 0.50
Director
$6,650 $0 $6,650
VALERIE AIELLO CEO 40.00
Officer Director
$229,218 $25,799 $255,017
VINCENT ACAMPORA TRUSTEE 0.50
Director
$3,000 $0 $3,000
BRIAN CHAIT DIRECTOR IT 40.00
Highest
$118,923 $6,923 $125,846
LENISE MITCHELL DIR. HUMAN RESOURCES 40.00
Highest
$103,573 $4,978 $108,551
ROBER BIENER VP NATIONAL CLIENT PARTNER 40.00
Highest
$206,261 $65,647 $271,908
YA-PING SU DIRECTOR, QUALITY IMPROV. 40.00
Highest
$122,124 $65,702 $187,826
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 No data No data No data No data
2023 $2,103,924 $4,029,469 $10,685,088 $-1,925,545
2022 $3,213,233 $4,691,886 $9,670,801 $-1,478,653
2021 $5,101,379 $4,531,421 $11,905,280 $569,958
2020 $3,252,425 $5,369,735 $11,662,499 $-2,117,310
2019 $9,433,796 $7,494,115 $12,573,334 $1,939,681
2018 $7,323,974 $6,966,846 $11,267,646 $357,128
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