DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ESSENTIA INSTITUTE OF RURAL HEALTH, founded in 2009, is a mid-sized nonprofit in the Medical Research sector that reported $12.5M in total revenue in fiscal year 2023. Expenses of $11.5M left a modest 8% surplus.
WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES.
ESSENTIA INSTITUTE OF RURAL HEALTH (EIRH) IS CREATED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND RELIGIOUS PURPOSES. MORE SPECIFICALLY, EIRH IS CREATED AND ORGANIZED TO...
ESSENTIA INSTITUTE OF RURAL HEALTH (EIRH) IS CREATED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND RELIGIOUS PURPOSES. MORE SPECIFICALLY, EIRH IS CREATED AND ORGANIZED TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, HEALTH CARE EDUCATION, AND RESEARCH.EIRH SUPPORTS CLINICAL AND HEALTH SERVICES RESEARCH ACROSS POPULATIONS SERVED BY ESSENTIA HEALTH IN WISCONSIN, MINNESOTA, AND NORTH DAKOTA.THE EIRH RESEARCH DIVISION, IN COLLABORATION WITH ESSENTIA HEALTH CLINICIANS AND COMMUNITY PARTNERS, ADVANCES MEDICINE THROUGH SCIENTIFIC RESEARCH TO IMPROVE PATIENT OUTCOMES AND BUILD HEALTH AND VITALITY WITH OUR COMMUNITIES. THE TEAM PUBLISHED 58 PEER-REVIEWED RESEARCH PUBLICATIONS IN FISCAL YEAR ENDED JUNE 30, 2024 TO IMPROVE PATIENT CARE AND CARE DELIVERY. OVER 200 CLINICAL TRIALS WERE OFFERED TO OUR PATIENTS, AND THE EIRH CLINICAL TRIALS TEAM CARED FOR OVER 1800 PATIENTS.DURING THE FISCAL YEAR ENDED JUNE 30, 2024, EIRH RESEARCHERS SUBMITTED 23 NEW GRANT APPLICATIONS TO FEDERAL/STATE AGENCIES, NON-PROFIT ORGANIZATIONS/FOUNDATIONS AND MANAGED OVER 50 RESEARCH GRANTS DURING THE FISCAL YEAR. EIRH RECEIVED 7 NEW GRANTS TOTALING OVER $1.5 MILLION IN NEW, MULTI-YEAR, EXTERNAL RESEARCH GRANT FUNDING.ESSENTIA HEALTH IS THE PARENT ORGANIZATION OF AN INTEGRATED HEALTH SYSTEM THAT INCLUDES THIS ORGANIZATION AND ALL ENTITIES THAT ARE OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY ESSENTIA HEALTH (COLLECTIVELY, THE "SYSTEM OR "ESSENTIA HEALTH").
EIRH'S EDUCATION DIVISION HELPS PREPARE OUR FUTURE HEALTHCARE WORKFORCE BY STRATEGICALLY ORGANIZING, DEVELOPING AND PROVIDING CLINICAL EXPERIENCE OPPORTUNITIES FOR RESIDENTS AND MEDICAL/HEALTH...
EIRH'S EDUCATION DIVISION HELPS PREPARE OUR FUTURE HEALTHCARE WORKFORCE BY STRATEGICALLY ORGANIZING, DEVELOPING AND PROVIDING CLINICAL EXPERIENCE OPPORTUNITIES FOR RESIDENTS AND MEDICAL/HEALTH SCIENCE STUDENTS ENROLLED IN ACCREDITED PROGRAMS. EIRH PROVIDED NEARLY 480,000 HOURS OF TRAINING TO NEARLY 2,800 STUDENTS IN FY24. EIRH MANAGES THE OPERATIONS OF THE DULUTH FAMILY MEDICINE RESIDENCY PROGRAM AND EMPLOYS ITS 24 FAMILY MEDICINE RESIDENTS. EIRH ALSO HOSTS THE UNIVERSITY OF MINNESOTA'S GENERAL SURGERY RESIDENCY RURAL TRAINING TRACK. THESE RESIDENCY PROGRAMS ARE KEY TO PREPARING PHYSICIANS FOR RURAL PRACTICE, AS WELL AS A CRUCIAL RECRUITMENT POOL FOR ESSENTIA HEALTH.
THE EIRH EDUCATION DEPARTMENT PROVIDES ACCREDITED CONTINUING MEDICAL EDUCATION (CME) PROGRAMMING FOR OUR PHYSICIANS AND OTHER CARE TEAM PROFESSIONALS THAT IS STRATEGICALLY ALIGNED WITH ESSENTIA...
THE EIRH EDUCATION DEPARTMENT PROVIDES ACCREDITED CONTINUING MEDICAL EDUCATION (CME) PROGRAMMING FOR OUR PHYSICIANS AND OTHER CARE TEAM PROFESSIONALS THAT IS STRATEGICALLY ALIGNED WITH ESSENTIA HEALTH INITIATIVES AND GOALS. OVER 600 ACTIVITIES WERE OFFERED AND OVER 19,000 CME CREDITS AWARDED IN FY24. EIRH OPERATES A MEDICAL LIBRARY WHICH PROVIDES SERVICES AND RESOURCES TO A WIDE RANGE OF CLINICAL STAFF.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $12,455,516 | $11,564,234 | +0.1% |
| Expenses | $11,482,109 | $11,754,888 | 0.0% |
| Net Income | $973,407 | $-190,654 | -6.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL NIKCEVICH MD | BOARD CHAIR/RELATED ORG PHYSICIAN | 2.00 |
Officer
Director
|
$0 | $60,230 | $899,178 |
| KATHERINE DEAN | EXECUTIVE DIRECTOR | 60.00 |
Officer
|
$266,605 | $44,935 | $311,540 |
| STEPHEN WARING | PRINCIPLE SCIENTIST | 60.00 |
Highest
|
$182,337 | $33,521 | $215,858 |
| BAILEY KAIRA | RESIDENT PHYSICIAN | 60.00 |
Highest
|
$145,628 | $31,532 | $177,160 |
| PATRICIA CONWAY | RESEARCH SCIENTIST III | 60.00 |
Highest
|
$155,606 | $20,837 | $176,443 |
| IRINA HALLER | RESEARCH SCIENTIST II | 60.00 |
Highest
|
$147,273 | $22,376 | $169,649 |
| AUSTIN PICKUP | RESIDENT PHYSICIAN | 60.00 |
Highest
|
$145,312 | $15,886 | $161,198 |
| LAURIE LEWANDOWSKI | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $24,500 |
| ANTHONY SERTICH | BOARD SECRETARY/TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $10,100 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $12,455,516 | $11,482,109 | $6,687,286 | $973,407 |
| 2023 | $11,564,234 | $11,754,888 | $5,590,312 | $-190,654 |
| 2022 | $10,512,280 | $11,024,706 | $5,587,502 | $-512,426 |
| 2021 | $9,904,383 | $10,070,747 | $6,914,650 | $-166,364 |
| 2020 | $10,342,236 | $10,193,243 | $6,443,461 | $148,993 |
| 2019 | $10,057,990 | $9,918,844 | $6,368,301 | $139,146 |
| 2018 | $9,360,275 | $8,480,152 | $6,202,780 | $880,123 |
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