PHYSICIANS NECK & BACK CLINICS

EIN: 270684883 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$7,798,319
Total Expenses
$7,456,540
Total Assets
N/A
Net Assets
N/A
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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
2009
Legal Domicile
MN
Principal Officer
TERRI F DOLAN
Phone
9528836584
Tax Period
2021-01-01 to 2021-12-31

PHYSICIANS NECK & BACK CLINICS, founded in 2009, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 4% surplus.

Mission

TO SUPPORT THE SPINE CARE NEEDS OF REGIONS HOSPITAL AND GROUP HEALTH PLAN PATIENTS AND MEMBERS.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $690,942
Program Service Revenue $7,095,702
Investment Income $9,425
Other Revenue $2,250
TOTAL REVENUE $7,798,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,040,962
Fundraising Expenses $0
Program Expenses $5,759,363
Other Expenses $2,415,578
TOTAL EXPENSES $7,456,540

Year-over-Year Comparison

2021 2020 Change
Revenue $7,798,319 $6,529,496 +0.2%
Expenses $7,456,540 $22,431,525 -0.7%
Net Income $341,779 $-15,902,029 -1.0%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
60
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
5
$2,517,277
Total Directors
4
$2,237,306
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK E HANSBERRY DIRECTOR & CHAIR 0.50
Officer Director
$0 $111,608 $675,421
STEVE C HOUSH DIRECTOR 0.50
Director
$0 $50,414 $461,872
CARRIE P NORAN JAEGER MD DIRECTOR 0.50
Director
$0 $50,167 $455,813
DOUGLAS E JOHNSON DIRECTOR 0.50
Director
$0 $233,539 $644,200
TRICIA L DEGE TREASURER (JAN-AUG) 0.50
Officer
$0 $73,526 $427,102
TERRI F DOLAN EXECUTIVE DIRECTOR 45.00
Officer
$237,202 $45,762 $282,964
LESLIE J HILLMAN MD MEDICAL DIRECTOR 0.50
Officer
$0 $54,054 $359,232
NANCY L EVERT SECRETARY 5.00
Officer
$0 $171,579 $772,558
ROXANN A ELLER PHYSICAL THERAPY MANAGER 48.00
Highest
$117,544 $33,201 $150,745
SHARON R IVERSON PHYSICIAN 46.00
Highest
$115,738 $27,525 $143,263
DAVID A DZIUK FORMER DIRECTOR & TREASURER 0.00
$0 $5,120 $1,217,834
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
2021 $7,798,319 $7,456,540 No data $341,779
2020 $6,529,496 $22,431,525 $4,866,159 $-15,902,029
2019 $10,054,974 $9,902,412 $20,575,417 $152,562
2018 $10,107,752 $10,185,256 $17,901,982 $-77,504
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