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Nonprofiteer
← HEALTHCARE QUALITY STRATEGIES INC

Form 990 for tax year 2024

Filed by HEALTHCARE QUALITY STRATEGIES INC.

Totals

Total revenue
$6,548,631
Total expenses
$4,805,671
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,892,226
Investment income
$744,532
Other revenue
-$88,127
Total assets, end of year
$13,655,355
Total liabilities, end of year
$3,728,541
Net assets or fund balances, end of year
$9,926,814
Program services expenses (Part IX)
$2,723,656
Management and general expenses
$2,082,015
Fundraising expenses
$0
Program service expenses (Part III)
$2,723,656

Program services were 56.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: OTHER CONTRACT REVENUE

    total $5,892,226 · related or exempt $5,892,226

  • 3 · Investment income

    total $136,745 · unrelated business $55,292 · excluded $81,453

  • 7a · Gross sales of assets other than inventory

    securities $863,025 · other assets $96,742

  • 7b · Less cost or other basis and sales expenses

    securities $351,980 · other assets $0

  • 7c · Gain or loss

    securities $511,045 · other assets $96,742

  • 7d · Net gain or loss

    total $607,787 · unrelated business $96,742 · excluded $511,045

  • 11a · Other revenue: SCHEDULE K-1 ORDINARY

    total -$88,127 · unrelated business -$88,127

  • 11e · Other revenue, total

    -$88,127

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $287,851 · program services $150,453 · management and general $137,398

  • 7 · Other salaries and wages

    total $1,936,137 · program services $1,011,970 · management and general $924,167

  • 8 · Pension plan contributions

    total $73,224 · program services $38,272 · management and general $34,952

  • 9 · Other employee benefits

    total $202,756 · program services $105,976 · management and general $96,780

  • 10 · Payroll taxes

    total $179,161 · program services $93,643 · management and general $85,518

  • 11a · Fees: management

    total $82,046 · management and general $82,046

  • 11b · Fees: legal

    total $39,561 · program services $12,042 · management and general $27,519

  • 11c · Fees: accounting

    total $127,846 · management and general $127,846

  • 11f · Fees: investment management

    total $32,058 · management and general $32,058

  • 11g · Fees: other

    total $1,236,756 · program services $1,211,499 · management and general $25,257

  • 13 · Office expenses

    total $187,563 · program services $83,931 · management and general $103,632

  • 16 · Occupancy

    total $68,292 · management and general $68,292

  • 17 · Travel

    total $30,534 · program services $58 · management and general $30,476

  • 19 · Conferences, conventions and meetings

    total $99,939 · management and general $99,939

  • 22 · Depreciation, depletion and amortization

    total $7,609 · management and general $7,609

  • 23 · Insurance

    total $89,019 · management and general $89,019

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $5,079 · management and general $5,079

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $2,280 · management and general $2,280

  • 24e · All other expenses

    total $117,960 · program services $15,812 · management and general $102,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $630 · end of year $315

  • 2 · Savings and temporary cash investments

    beginning of year $220,096 · end of year $534,566

  • 4 · Accounts receivable

    beginning of year $278,403 · end of year $1,455,399

  • 9 · Prepaid expenses and deferred charges

    beginning of year $294,413 · end of year $264,954

  • 10a · Land, buildings and equipment: cost or other basis

    $96,661

  • 10b · Land, buildings and equipment: accumulated depreciation

    $80,080

  • 10c · Land, buildings and equipment, net

    beginning of year $24,190 · end of year $16,581

  • 11 · Investments: publicly traded securities

    beginning of year $8,634,251 · end of year $10,192,110

  • 14 · Intangible assets

    beginning of year $104,316 · end of year $41,951

  • 15 · Other assets

    beginning of year $1,128,789 · end of year $1,149,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $481,877 · end of year $386,840

  • 25 · Other liabilities

    beginning of year $2,986,746 · end of year $3,341,701

  • 27 · Net assets without donor restrictions

    beginning of year $7,216,465 · end of year $9,926,814

Mission and programs · 2024

Mission

IMPROVE THE QUALITY OF HEALTHCARE IN NEW JERSEY.

Activities or mission (Part I)

MONITOR THE QUALITY OF HEALTHCARE IN NEW JERSEY.

  • INDEPENDENT REVIEW SERVICES HQSI CONTRACTS WITH BOTH PAYORS AND INSURERS TO CONDUCT MEDICAL NECESSITY REVIEWS. REVIEWS ARE CONDUCTED ON A FEE FOR SERVICE BASIS.

    Expenses $2,723,656 · Revenue $5,892,226

As filed on the 2024 return.

Listed in Part VII

  • Aj Kreimer

    TRUSTEE

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Barnard Kaplan MD

    PRESIDENT

    Total calculated
    $6,100
    From this org
    $6,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • David I Kingsley

    TRUSTEE

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • Edward Josell

    OUTGOING TREASURER

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • Elyse Perweiler Mpp RN

    SECRETARY

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Howard Zeidman MD

    TRUSTEE

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • James J Madden Esq

    VICE PRESIDENT

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • John Lewy MD

    TRUSTEE

    Total calculated
    $3,400
    From this org
    $3,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • Marlene McDermott

    TRUSTEE

    Total calculated
    $3,550
    From this org
    $3,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Marsha Boggess

    TRUSTEE

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Martin P Margolies

    TREASURER

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • Mary Ann Conte RN

    TRUSTEE

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.1 related

  • Mary Jane Brubaker

    TRUSTEE

    Total calculated
    $3,400
    From this org
    $3,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Michael Spivak Do

    OUTGOING TRUSTEE

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Valerie Aiello

    CEO

    Total calculated
    $240,201
    From this org
    $228,425
    From related orgs
    $0
    Other
    $11,776
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $210,600
    Bonus
    $1,500
    Other
    $16,325
    Deferred
    $11,776
    Nontaxable benefits
    $0
    Filer's total
    $240,201

  • Vincent Acampora

    OUTGOING TRUSTEE

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Brian Chait

    INFORMATION TECHNOLOGY DIR.

    Total calculated
    $129,094
    From this org
    $120,773
    From related orgs
    $0
    Other
    $8,321
    Hours/week
    40

  • Gregory Coats

    ACCOUNTING MANAGER

    Total calculated
    $125,139
    From this org
    $107,070
    From related orgs
    $0
    Other
    $18,069
    Hours/week
    40

  • Mary Beth Mattei

    NURSE REVIEWER

    Total calculated
    $105,578
    From this org
    $105,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Biener

    VP NATIONAL CLIENT PARTNER

    Total calculated
    $244,831
    From this org
    $201,697
    From related orgs
    $0
    Other
    $43,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,565
    Bonus
    $36,000
    Other
    $4,132
    Deferred
    $11,776
    Nontaxable benefits
    $31,358
    Filer's total
    $244,831

  • Ya-Ping Su

    DIRECTOR, QUALITY IMPROV.

    Total calculated
    $167,171
    From this org
    $126,674
    From related orgs
    $0
    Other
    $40,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,695
    Bonus
    $1,000
    Other
    $1,979
    Deferred
    $7,719
    Nontaxable benefits
    $32,778
    Filer's total
    $167,171

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INCLUDED ON SCHEDULE J, PART II, COLUMN B(II) REPRESENTS BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S W-2'S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VERITAS MEDICAL REVIEW SOLUTIONS LLC

    S · MEDICAL REVIEW · PA · 100% owned · share of income $288,584 · share of assets $6,110,003 · controlled entity

    Directly controlled by HQSI

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202543049349302144

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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