2025-10-31T15:50:59-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-01-01 222547756 HEALTHCARE QUALITY STRATEGIES INC HEAL 7322385570 557 CRANBURY ROAD 6 EAST BRUNSWICK NJ 08816 VALERIE AIELLO CEO 7322385570 2025-10-30 1 1 LORI ROTHE YOKOBOSKY P01273422 9732283500 2025-10-30 2024 2025-03-06 01:10:19Z VALERIE AIELLO 557 CRANBURY ROAD 6 EAST BRUNSWICK NJ 08816 6900611 0 X WWW.HQSI.ORG X 1982 NJ MONITOR THE QUALITY OF HEALTHCARE IN NEW JERSEY. 13 12 38 12 63907 0 0 0 2012778 5892226 209948 744532 -118802 -88127 2103924 6548631 0 0 0 0 2396903 2679129 0 0 0 1632566 2126542 4029469 4805671 -1925545 1742960 10685088 13655355 3468623 3728541 7216465 9926814 IMPROVE THE QUALITY OF HEALTHCARE IN NEW JERSEY. 0 0 2723656 5892226 INDEPENDENT REVIEW SERVICES HQSI CONTRACTS WITH BOTH PAYORS AND INSURERS TO CONDUCT MEDICAL NECESSITY REVIEWS. REVIEWS ARE CONDUCTED ON A FEE FOR SERVICE BASIS. 2723656 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 134 0 1 38 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X VALERIE AIELLO 7322385570 557 CRANBURY ROAD SUITE 6 EAST BRUNSWICK NJ 08816 AJ KREIMER TRUSTEE 0.50 X 600 0 0 BARNARD KAPLAN MD PRESIDENT 0.50 X X 6100 0 0 DAVID I KINGSLEY TRUSTEE 0.50 0.10 X 1900 0 0 EDWARD JOSELL OUTGOING TREASURER 0.50 0.10 X X 400 0 0 ELYSE PERWEILER MPP RN SECRETARY 0.50 X 5700 0 0 HOWARD ZEIDMAN MD TRUSTEE 0.50 X 2700 0 0 JAMES J MADDEN ESQ VICE PRESIDENT 0.50 0.10 X X 5700 0 0 JOHN LEWY MD TRUSTEE 0.50 0.10 X 3400 0 0 MARLENE MCDERMOTT TRUSTEE 0.50 X 3550 0 0 MARSHA BOGGESS TRUSTEE 0.50 X 3500 0 0 MARTIN P MARGOLIES TREASURER 0.50 0.10 X X 4800 0 0 MARY ANN CONTE RN TRUSTEE 0.50 0.10 X X 2300 0 0 MARY JANE BRUBAKER TRUSTEE 0.50 X X 3400 0 0 MICHAEL SPIVAK DO OUTGOING TRUSTEE 0.50 X 2800 0 0 VALERIE AIELLO CEO 40.00 2.00 X X 228425 0 11776 VINCENT ACAMPORA OUTGOING TRUSTEE 0.50 X 800 0 0 BRIAN CHAIT INFORMATION TECHNOLOGY DIR. 40.00 X 120773 0 8321 GREGORY COATS ACCOUNTING MANAGER 40.00 X 107070 0 18069 MARY BETH MATTEI NURSE REVIEWER 40.00 X 105578 0 0 ROBERT BIENER VP NATIONAL CLIENT PARTNER 40.00 X 201697 0 43134 YA-PING SU DIRECTOR, QUALITY IMPROV. 40.00 X 126674 0 40497 937867 0 121797 7 0 1 0 0 OTHER CONTRACT REVENUE 541900 5892226 5892226 5892226 136745 55292 81453 863025 96742 351980 0 511045 96742 607787 96742 511045 SCHEDULE K-1 ORDINARY 525990 -88127 -88127 -88127 6548631 5892226 63907 592498 X 287851 150453 137398 1936137 1011970 924167 73224 38272 34952 202756 105976 96780 179161 93643 85518 82046 82046 39561 12042 27519 127846 127846 32058 32058 1236756 1211499 25257 187563 83931 103632 68292 68292 30534 58 30476 99939 99939 7609 7609 89019 89019 EQUIPMENT RENTAL 5079 5079 REPAIRS AND MAINTENANCE 2280 2280 117960 15812 102148 4805671 2723656 2082015 0 630 315 220096 534566 278403 1455399 294413 264954 96661 80080 24190 16581 8634251 10192110 104316 41951 1128789 1149479 10685088 13655355 481877 386840 2986746 3341701 3468623 3728541 X 7216465 9926814 7216465 9926814 10685088 13655355 X 1742960 1031296 -63907 X 0 1 X 1 0 X 1785976 1785976 2977869 2508781 3106761 2012778 5892226 16498415 2977869 4294757 3106761 2012778 5892226 18284391 0 0 0 18284391 218736 432143 90076 92823 81453 915231 218736 432143 90076 92823 81453 915231 9976 16627 690 11 27304 3206581 4743527 3197527 2105612 5973679 19226926 0.95100 0.95320 0.04760 0.04480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 9,976. 2021 AMOUNT: $ 16,627. 2022 AMOUNT: $ 690. 2023 AMOUNT: $ 11. 96661 80080 16581 16581 DEPOSITS 11305 DUE FROM AFFILIATES 44192 INVESTMENT IN VERITAS 1093982 1149479 DUE TO AFFILIATES 3298062 OPERATING LEASE LIABILITIES 43639 3341701 X 7772546 1031296 288584 1319880 6452666 32058 63907 95965 6548631 4745168 -28445 -28445 4773613 32058 32058 4805671 PART X, LINE 2: THE COMPANY FOLLOWS PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES RECOGNITION AND DISCLOSURE OF UNCERTAIN TAX PROVISIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY'S MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX PROVISIONS TAKEN AND THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE COMPANY WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE COMPANY DID NOT RECOGNIZE ANY INTEREST OR PENALTIES IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 288,584. PART XI, LINE 4B - OTHER ADJUSTMENTS: VERITAS INVESTMENT INCOME ADJUSTMENT 63,907. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES -28,445. X X X 0 0 0 0 0 0 0 1 0 ROBERT BIENER VP NATIONAL CLIENT PARTNER 161565 0 36000 0 4132 0 11776 0 31358 0 244831 0 0 0 VALERIE AIELLO CEO 210600 0 1500 0 16325 0 11776 0 0 0 240201 0 0 0 YA-PING SU DIRECTOR, QUALITY IMPROV. 123695 0 1000 0 1979 0 7719 0 32778 0 167171 0 0 0 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. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER FINANCIAL MANAGEMENT RESPONSIBILITIES TO ANDERSON & COMPANY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FINAL FORM 990 WITH THE IRS, IT IS THOROUGHLY REVIEWED BY THE FINANCIAL CONSULTANT OF THE ORGANIZATION. THE RESPECTIVE FORM IS PROVIDED TO EACH MEMBER OF THE GOVERNING BOARD FOR HIS/HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ALL MEMBERS OF THE BOARD OF TRUSTEES, EMPLOYEES AND VENDORS ARE REQUIRED ANNUALLY TO DISCLOSE AND SIGN CONFLICT OF INTEREST AGREEMENTS WHICH ARE REVIEWED BY THE ORGANIZATION'S COMPLIANCE OFFICER. THE DISCLOSURE STATEMENTS ARE REVIEWED AT THE BOARD LEVEL AND MEMBERS RECUSE THEMSELVES FROM AGENDA ITEMS THAT MAY BE DETERMINED TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF OFFICERS OF THE ORGANIZATION ARE CALCULATED ANNUALLY AND BASED ON THE CONTRACTUAL AGREEMENT IN PLACE WHICH HAS BEEN DEVELOPED AND REVIEWED BY THE COMPENSATION COMMITTEE. EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE MANAGEMENT TEAM, WHICH DETERMINES THE ANNUAL INCREASE FOR THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST AND/OR APPOINTMENT. FORM 990, PART IX, LINE 11G PHYSICIAN CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,161,634. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,161,634. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 49,865. MANAGEMENT AND GENERAL EXPENSES 25,257. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,122. FORM 990, PART XI, LINE 9: VERITAS INVESTMENT INCOME ADJUSTMENT -63,907. 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