CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORWEGIAN AMERICAN HOSPITAL FOUNDATION, founded in 1983, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 68% operating deficit.
HUMBOLDT PARK HEALTH FOUNDATION SEEKS PHILANTHROPIC SUPPORT FROM INDIVIDUALS, BUSINESSES, FOUNDATIONS AND COMMUNITY GROUPS TO HELP HUMBOLDT PARK HEALTH FULFILL ITS MISSION AS A PREMIER HEALTH CARE PROVIDER THAT PUTS PATIENTS FIRST AND ASPIRES TO DELIVER CONSISTENTLY HIGH QUALITY, COST-EFFECTIVE, FAMILY-CENTERED HEALTH SERVICES.
THE FOUNDATION ESTABLISHED COMMITTEES TO EXPAND AWARENESS AND SCOPE OF FOUNDATION AND HOSPITAL PROGRAMS. IN ADDITION, MEDICAL MISSIONS WERE ESTABLISHED TO PROVIDE FREE SERVICES. FOR OVER 100 YEARS...
THE FOUNDATION ESTABLISHED COMMITTEES TO EXPAND AWARENESS AND SCOPE OF FOUNDATION AND HOSPITAL PROGRAMS. IN ADDITION, MEDICAL MISSIONS WERE ESTABLISHED TO PROVIDE FREE SERVICES. FOR OVER 100 YEARS, HUMBOLDT PARK HEALTH'S MISSION HAS BEEN TO PROVIDE HIGH-QUALITY FAMILY-CENTERED HEALTHCARE TO OUR COMMUNITY. THE FOUNDATION WAS ESTABLISHED IN 1995 AS THE OFFICIAL FUNDRAISING AND GIFT RECEIVING ARM OF THE HOSPITAL. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ENCOURAGE AND RECEIVE CONTRIBUTIONS THAT ENHANCE THE DELIVERY OF HIGH QUALITY, COMPREHENSIVE HEALTHCARE SERVICES TO THOSE WHO LIVE AND WORK IN THE COMMUNITIES SERVICED BY HUMBOLDT PARK HEALTH. TODAY, FORMER PATIENTS, EMPLOYEES, PHYSICIANS, COMMUNITY RESIDENTS, BUSINESS LEADERS, VOLUNTEERS, AS WELL AS OTHER FRIENDS OF THE HOSPITAL CONTINUE TO HAVE A POSITIVE INFLUENCE ON THE QUALITY OF HEALTH CARE SERVICES IN THE COMMUNITY THROUGH THEIR GENEROUS SUPPORT.
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 | $1,866,666 | $918,391 | +1.0% |
| Expenses | $3,128,082 | $783,881 | +3.0% |
| Net Income | $-1,261,416 | $134,510 | -10.4% |
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 |
|---|---|---|---|---|---|---|
| MICHEAL REED | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL ABREGO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SONIA DELREAL | TRUSTEE - BEG 9/2024 | 2.00 |
Director
|
$0 | $0 | $0 |
| PACO LEBRON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSE SUAREZ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TOM GARVEY | INTERIM CFO, HPH - THRU 8/2024 | 1.00 |
Officer
|
$0 | $0 | $247,600 |
| KENNETH COE | CFO, HPH - BEG 8/2024 | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,866,666 | $3,128,082 | $7,760,306 | $-1,261,416 |
| 2023 | $918,391 | $783,881 | $6,989,919 | $134,510 |
| 2022 | $1,843,377 | $780,401 | $7,139,804 | $1,062,976 |
| 2021 | $2,107,177 | $724,555 | $6,131,570 | $1,382,622 |
| 2020 | $1,874,928 | $1,237,030 | $4,767,217 | $637,898 |
| 2019 | $3,637,137 | $1,659,533 | $3,882,821 | $1,977,604 |
| 2018 | $975,757 | $740,089 | $1,820,371 | $235,668 |
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