Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Health Research and Educational Trust, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $12.2M exceeded revenue, resulting in a 19% operating deficit.
HRET is principally organized to assist health care organizations and the communities they serve to improve the efficiency, quality & accessibility of health care services by conducting applied research and demonstration projects & disseminating results through education, publications, & other media.
QUALITY/COST/DISPARITIES: HRET CONDUCTS MANAGEMENT RESEARCH TO IMPROVE QUALITY, REDUCING COSTS, AND ELIMINATING DISPARITIES. NUMEROUS RESEARCH PROJECTS WORKED WITH HOSPITALS NATIONALLY TO REDUCE...
QUALITY/COST/DISPARITIES: HRET CONDUCTS MANAGEMENT RESEARCH TO IMPROVE QUALITY, REDUCING COSTS, AND ELIMINATING DISPARITIES. NUMEROUS RESEARCH PROJECTS WORKED WITH HOSPITALS NATIONALLY TO REDUCE INFECTIONS AND TO IMPROVE SAFETY CULTURE SCORES. IN ADDITION, HRET PROVIDES HOSPITALS WITH TOOLS AND TRAINING MATERIALS COMPILED FROM VARIOUS SURVEYS CONDUCTED TO HELP EDUCATE HEALTHCARE PROFESSIONALS.
HRET'S TRANSLATIONAL RESEARCH PROGRAM IDENTIFIES AND EXECUTES STRATEGIES AND METHODS TO DISSEMINATE AND IMPLEMENT RESEARCH FINDINGS, KNOWLEDGE, TOOLS, AND BEST PRACTICES.
Research and development of resources addressing best practices and models for population health and community partnerships. Leadership training in health care transformation for hospital leaders.
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 | $10,196,871 | $11,413,974 | -0.1% |
| Expenses | $12,176,262 | $12,763,842 | 0.0% |
| Net Income | $-1,979,391 | $-1,349,868 | +0.5% |
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 |
|---|---|---|---|---|---|---|
| N/A | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $152,275 | $829,789 |
| N/A | CHAIR | 5.0 |
Officer
Director
|
$0 | $0 | $2,859 |
| N/A | PRESIDENT (END 3/7/2023) | 1.0 |
Officer
Director
|
$0 | $51,077 | $1,845,465 |
| N/A | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $2,167 |
| N/A | SR DIRECTOR, POP HEALTH | 40.0 |
Highest
|
$159,009 | $37,504 | $196,513 |
| N/A | Senior Director of Finance and Compliance | 40.0 |
Highest
|
$196,532 | $55,765 | $252,297 |
| N/A | DIRECTOR CLINC QUAL | 40.0 |
Highest
|
$140,404 | $59,710 | $200,114 |
| N/A | VP Clinical Quality | 40.0 |
Highest
|
$254,556 | $48,306 | $302,862 |
| N/A | VP Leadership & System Innovation | 40.0 |
Highest
|
$260,859 | $30,607 | $291,466 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $10,196,871 | $12,176,262 | $15,980,943 | $-1,979,391 |
| 2022 | $11,413,974 | $12,763,842 | $19,822,762 | $-1,349,868 |
| 2021 | $10,710,852 | $11,969,906 | $22,413,132 | $-1,259,054 |
| 2020 | $10,760,012 | $13,056,736 | $21,010,178 | $-2,296,724 |
| 2019 | $34,877,975 | $36,616,485 | $25,447,440 | $-1,738,510 |
| 2018 | $49,330,480 | $48,529,385 | $30,317,445 | $801,095 |
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