Healthquarters Inc

Nonprofit profile at a glance

EIN
042475363
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Beverly, MA, USA
Phone
9789279827
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Health Program (Includes General Health and Wellness Promotion Services)

Official website

Reported finances

Revenue
$5,490,984
Expenses
$4,762,047
Assets
$7,649,448
Liabilities
$1,220,123

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KRISTIE MONAST (EXECUTIVE DIRECTOR)
  • ELIZABETH MCCLAIN (PRESIDENT)
  • CAROLYN P BRITTON (VICE PRESIDENT)

Highest reported compensation

  • KRISTIE MONAST (EXECUTIVE DIRECTOR): $189,887 total reported compensation
  • LAUREN SIMONE (NURSE PRACTIONER): $145,849 total reported compensation
  • MARIA LOPIANO (NURSE PRACTIONER): $134,957 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Healthq is committed to providing sexual and reproductive healthcare without judgment or barriers.

What it reported doing in 2024

Community-based services -at healthq, our work is grounded in the belief that health care is a human right not a privilege. We provide high-quality, confidential sexual and reproductive health care at three health centers in northeastern Massachusetts (beverly, haverhill, and lawrence) and via telehealth, serving our communities for over 50 years.our services include birth control (including no-scalpel vasectomy); sti testing, treatment, and vaccines; HIV testing and prevention (prep); medication and procedural abortion care; miscarriage management; gender-affirming hormone therapy and laser hair removal; and wellness exams, including sexual health counseling. Our board-certified physicians, nurse practitioners, and medical assistants deliver evidence-based care, education, and information to more than 6,000 people of all ages, sexual orientations, and gender identities each year.among those we serve, 45% are at or below 100% of the federal poverty level, 62% identify as bipoc, and 44% are adolescents.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 80
  • Accountability: 92
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.8%; rating input score 74
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $22.4 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.3%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 12.5%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 73.8% of revenue deployed · 86.1% of spending went to programs
  • Governance: 6 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.1M in reported program spending
  • Leadership: top reported pay $190K · 10 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $257K reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.