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.
ESSENTIA INSTITUTE OF RURAL HEALTH SUPPORTS ESSENTIA HEALTH BY FOSTERING A COLLABORATIVE ENVIRONMENT TO EDUCATE OUR FUTURE HEALTHCARE WORKFORCE, PROMOTING ONGOING MEDICAL EDUCATION OF OUR CLINICIANS, AND ENGAGING IN RESEARCH TO ADVANCE THE SCIENCE OF MEDICINE. THROUGH RESEARCH AND EDUCATION, THE ESSENTIA INSTITUTE OF RURAL HEALTH IMPROVES THE HEALTH AND VITALITY OF OUR COMMUNITIES.
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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