Health Quest Systems Inc
- Assets
- $299.2m
- Revenue
- $128.6m
- Investments
- $0.0
- Employees
- 1,266
- Location
- Poughkeepsie, NY
- Founding
- 09/1987
- Data as of
- 09/2021
- EIN
- 14-1678068
Organization Overview
Health Quest Systems Inc is located in Poughkeepsie, NY. The organization was established in 1987. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Health Quest Systems Inc employed 1,266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Quest Systems 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 09/2021, Health Quest Systems Inc generated $128.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $135.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Health Quest Systems Inc has awarded 28 individual grants totaling $517,580. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO MEMBER ORGANIZATIONS OF THE HEALTH QUEST SYSTEMS.
Describe the Organization's Program Activity:
MANAGEMENT FEE:TO PROVIDE EXECUTIVE AND ADMINISTRATIVE OVERSIGHT TO THE MEMBER ORGANIZATIONS OF HEALTH QUEST. HEALTH QUEST PROVIDES CENTRALIZED ADMINISTRATION, FINANCE (INCLUDING PAYROLL, ACCOUNTS PAYABLE, DECISION SUPPORT, MANAGED CARE, BUDGETS AND REIMBURSEMENT), PATIENT FINANCIAL SERVICES, PURCHASING, BUSINESS DEVELOPMENT, HUMAN RESOURCES, COMPLIANCE, INTERNAL AUDIT, LAB MANAGEMENT, BIOMED SERVICES, CONSTRUCTION AND PROPERTY MANAGEMENT, LEGAL COUNSEL, PHYSICIAN RECRUITMENT, MEDICAL AFFAIRS MANAGEMENT AND HOSPITALITY/SECURITY SERVICES MANAGEMENT IN ORDER TO FURTHER THE EXEMPT PURPOSE OF HEALTH QUEST. THIS HAS LEAD TO NUMBEROUS OPERATING EFFICIENCIES AT EACH MEMBER ORGANIZATION.
COVID-19 INSURANCE REFUND IS AN INSURANCE REIMBURSEMENT FOR PPE SPEND DURING THE PANDEMIC.
CONTINUING EDUCATION PROVIDES LIFE-SAVING SKILLS TRAINING AND EDUCATION TO THE COMMUNITY, AS WELL AS SAFETY EDUCATION RELATED TO CHILD SAFETY, TRAUMA PREVENTION AND OTHER COMMUNITY RISK FACTORS. EFFORTS INCLUDE, BUT ARE NOT LIMITED TO, CPR TRAINING, CAR SEAT CHECKS, BIKE SAFETY, FIRST AID AND STOP THE BLEED.
OTHER PROGRAM SERVICES INCLUDED THE GRADUATE MEDICAL EDUCATION PROGRAM, VENDOR REBATES AND REFUNDS, INSURANCE REFUND AND OTHER MISCELLANEOUS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Friedberg Former Hq President/ceo | 0 | $1,956,507 | |
Michael Holzhueter Former Secretary And Clo | 0 | $1,222,869 | |
Daniel J O'dea MD VP Of Cardiovascular Services | 28 | $1,025,557 | |
Kerry Eaton Chief Operating Officer | Officer | 26 | $936,200 |
Joseph Mullany Former President Vbmc | 0 | $777,727 | |
Christopher M Lehrach MD Chief Physician Executive | 40 | $765,443 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenenscom Llc Staffing Services | 9/29/21 | $3,341,817 |
Walshconsigli Jv Construction | 9/29/21 | $70,024,171 |
The Remi Group Equipment Maint. Management | 9/29/21 | $2,939,986 |
North American Partners In Anesthesia Anesthesia Services | 9/29/21 | $2,806,316 |
Deloitte & Touche Llp Consulting | 9/29/21 | $5,112,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,461 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,562 |
| Total Program Service Revenue | $128,049,541 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,364 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,637,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $283,790 |
| 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. | $2,876,876 |
| Compensation of current officers, directors, key employees. | $728,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,902,869 |
| Pension plan accruals and contributions | $3,255,268 |
| Other employee benefits | $9,150,803 |
| Payroll taxes | $6,187,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,560 |
| Fees for services: Accounting | $18,460 |
| Fees for services: Lobbying | $108,858 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325,469 |
| Advertising and promotion | $15,679 |
| Office expenses | $1,662,815 |
| Information technology | $2,014,431 |
| Royalties | $0 |
| Occupancy | $1,667,549 |
| Travel | $142,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $328,982 |
| Interest | $10,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,715,707 |
| Insurance | $21,416 |
| All other expenses | $5,415,923 |
| Total functional expenses | $134,992,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,190,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,147 |
| Inventories for sale or use | $1,597,187 |
| Prepaid expenses and deferred charges | $326,341 |
| Net Land, buildings, and equipment | $39,279,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,825,309 |
| Total assets | $299,235,129 |
| Accounts payable and accrued expenses | $28,102,191 |
| 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 | $266,188,463 |
| Total liabilities | $294,290,654 |
| Net assets without donor restrictions | $4,934,231 |
| Net assets with donor restrictions | $10,244 |
| 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 | $299,235,129 |
Grants Awarded
Over the last fiscal year, Health Quest Systems Inc has awarded $258,790 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Poughkeepsie, NY PURPOSE: IN SUPPORT OF LOCAL ECONOMY AND BUSINESSES | $35,000 |
Wappingers Falls, NY PURPOSE: IN SUPPORT OF SERVICES FOR FAMILIES WHO ARE EXPERIENCING THE HARDSHIPS OF A CANCER DIAGNOSIS THROUGH DELIVERY OF MEALS AND SUPPLIES | $25,000 |
Poughkeepsie, NY PURPOSE: IN SUPPORT OF SERVICES FOR BATTERED WOMEN, CHILDREN & SERVICES FOR LOCAL AT-RISK YOUTH | $25,000 |
Kingston, NY PURPOSE: IN SUPPORT OF LOCAL ECONOMY AND BUSINESSES | $23,500 |
Lagrangeville, NY PURPOSE: IN SUPPORT OF LOCAL FAMILIES AFFECTED BY BREAST CANCER DIAGNOSES | $20,000 |
Dallas, TX PURPOSE: IN SUPPORT OF CARDIOVASCULAR RESEARCH, HEALTH & WELLNESS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Quest Systems Inc has recieved totaling $3,000,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Community Health Inc Sharon, CT PURPOSE: Acquisition of Sharon Hospital | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Laboratories Westbury, NY | $332,816,944 | $824,844,482 |
Musculoskeletal Transplant Foundation Inc Edison, NJ | $265,715,338 | $411,628,718 |
Bayer Us Patient Assistance Foundation Whippany, NJ | $119,661,025 | $360,939,161 |
Catholic Managed Long Term Care Inc New York, NY | $69,408,204 | $356,229,491 |
Temple Faculty Practice Plan Inc Philadelphia, PA | $117,460,054 | $341,896,672 |
Beth Israel Lahey Health Pharmacy Inc Westwood, MA | $32,825,089 | $210,599,852 |
North Shore-Lij Anesthesiology Pc Westbury, NY | $33,422,603 | $196,131,623 |
Health Quest Systems Inc Poughkeepsie, NY | $299,235,129 | $128,637,142 |
Weill Cornell Imaging At New York-Presbyterian New York, NY | $260,757,185 | $189,735,932 |
Valley Physician Servcies Inc Ridgewood, NJ | $110,045,746 | $118,274,692 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |