SPECTRA HEALTH

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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

2004

Legal Domicile

Principal Officer

MARA M JIRAN

Phone

7017572100

Tax Period

2023-06-01 to 2024-05-31

SPECTRA HEALTH, founded in 2004, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 18% operating margin.

Mission

THE MISSION OF SPECTRA HEALTH IS TO ENHANCE LIFE THROUGH COMPASSIONATE, QUALITY CARE.

Program Service Accomplishments

Program 1

Expenses: $7,473,394 Revenue: $6,898,927

TO PROVIDE COMMUNITY BASED PRIMARY AND PREVENTATIVE MEDICAL AND DENTAL CARE SUBSIDIZED WITH GRANT MONEY BASED ON ABILITY TO PAY FOLLOWING THE FEDERAL GRANT'S GUIDELINES. THERE WERE A TOTAL OF 26,243 ENCOUNTERS FOR THE NUMBER OF PATIENTS SERVED DURING THE YEAR. UTILIZING AN INTEGRATED MODEL OF CARE BEHAVIORAL HEALTH CONSULTANTS CAN MEET WITH PATIENTS IN CRISIS FOR A BRIEF INTERVENTION AT THE TIME OF ANY APPOINTMENT AND MEET MENTAL HEALTH AS WELL AS THE PHYSICAL NEEDS OF THE PATIENT. SPRECTRA HEALTH'S INTEGRATED MODEL OF CARE WHICH ADDRESSES MORE THAN "JUST" BASIC HEALTHCARE NEEDS BUT ALSO ADDRESSES SOCIAL DRIVERS OF HEALTH WORKING HAND IN HAND WITH OUR OWN ON SITE SOCIAL SERVICE CASE WORKERS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,812,176

Program Service Revenue $6,897,333

Investment Income $189,686

Other Revenue $-59,658

TOTAL REVENUE $9,839,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,074,149

Fundraising Expenses $0

Program Expenses $7,473,394

Other Expenses $2,019,443

TOTAL EXPENSES $8,093,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,839,537	$7,827,765	+0.3%
Expenses	$8,093,592	$7,224,993	+0.1%
Net Income	$1,745,945	$602,772	+1.9%

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

Governance

Voting Members

Independent Members

Employees

110

Volunteers

N/A

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

$344,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY TVEIT	DIRECTOR	1.00	Director	$0	$0	$0
BILL MACKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MOEN	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC KARIKARI	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LUDWIG	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MILLER	DIRECTOR - LEFT 09/2023	1.00	Director	$0	$0	$0
LAURALEE TUPA	DIRECTOR - LEFT 09/2023	1.00	Director	$0	$0	$0
NATHAN MODEEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMY GERSZEWSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACY JENTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
MARA JIRAN	CEO	40.00	Officer	$164,672	$12,684	$177,356
TIFFANY SCHMIDT	CFO	40.00	Officer	$159,509	$7,720	$167,229
CHRISTINE HARSELL	MEDICAL DIRECTOR	40.00	Highest	$152,041	$7,254	$159,295
DAVID SUNDBERG	NP	40.00	Highest	$118,752	$15,367	$134,119
ERIC LUNN	MD	30.00	Highest	$117,295	$9,319	$126,614
JACKIE NORD	DENTAL DIRECTOR	30.00	Highest	$120,150	$5,094	$125,244
NAVNEET GREWAL	DDS	40.00	Highest	$128,760	$15,367	$144,127

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
2025	No data	No data	No data	No data
2024	$9,839,537	$8,093,592	$11,156,059	$1,745,945
2023	$7,827,765	$7,224,993	$9,341,221	$602,772
2022	$7,209,288	$6,785,519	$8,622,580	$423,769
2021	$7,588,234	$5,823,706	$9,000,942	$1,764,528
2019	$5,202,064	$4,737,958	$4,782,630	$464,106