DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REHABILITATION INSTITUTE OF MICHIGAN FOUNDATION, founded in 1953, is a small nonprofit in the Health Care sector that reported $648K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $819K exceeded revenue, resulting in a 26% operating deficit.
THE RIM FOUNDATION IS ORGANIZED FOR THE PURPOSE OF RECEIVING AND ADMINISTERING FUNDS TO SUPPORT RESEARCH, COMMUNITY BENEFIT PROGRAMS, AND EDUCATION REGARDING THE DEVELOPMENT OF PHYSICAL MEDICINE, TREATMENT TECHNIQUES, AND SUPPORT OF THE PHYSICALLY DISABLED THROUGH COMMUNITY-BASED PROGRAMS.
SPORTSABILITY PROVIDES COMPETITIVE AND RECREATIONAL SPORTING OPPORTUNITIES FOR PERSONS WITH DISABILITIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION ABOUT THIS PROGRAM.SPORTSABILITY MEMBERS HAVE AN...
SPORTSABILITY PROVIDES COMPETITIVE AND RECREATIONAL SPORTING OPPORTUNITIES FOR PERSONS WITH DISABILITIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION ABOUT THIS PROGRAM.SPORTSABILITY MEMBERS HAVE AN OPPORTUNITY TO PARTICIPATE IN A NUMBER OF ACTIVITIES INCLUDING:- WHEELCHAIR BASKETBALL - WHEELCHAIR BALLROOM DANCING- FITNESS TRAINING- ADAPTIVE BOWLING- HAND CYCLING CLINICS- ADAPTIVE WATERSKIING- KAYAKING- ADAPTIVE SNOW SKIING- WHEELCHAIR TENNIS CLINICS- WEIGHTLIFTING CLINICS- TAI CHI- YOGA THE REHABILITATION INSTITUTE OF MICHIGAN'S CERTIFIED THERAPEUTIC RECREATIONAL SPECIALISTS ASSIST WITH THE FORMATION OF TEAMS, CLINICS, TRAINING, AND EQUIPMENT ADAPTATIONS. SPORTSABILITY IS OPEN TO CHILDREN AND ADULTS THROUGHOUT METROPOLITAN DETROIT WITH DISABLING OR CHRONIC CONDITIONS, INCLUDING SPINAL CORD INJURY, BRAIN INJURY, AMPUTATION, STROKE, SPINA BIFIDA, MULTIPLE SCLEROSIS, AND MUSCULAR DYSTROPHY.
THE STROKE SUPPORT GROUP GIVES SURVIVORS, CAREGIVERS, AND FAMILY MEMBERS A PLACE TO MAKE FRIENDS AND SOCIALIZE WITH OTHERS WHO HAVE SHARED SIMILAR LIFE EXPERIENCES.
RESEARCH RELATED TO SPINAL CORD AND TRAUMATIC BRAIN INJURY - THE RIM FOUNDATION FUNDED TREATMENT FOR SPINAL STENOSIS, WHICH REMOVES FAT FROM THE EPIDURAL SPACE, HELPING THOSE WHO ARE TREATED TO HAVE...
RESEARCH RELATED TO SPINAL CORD AND TRAUMATIC BRAIN INJURY - THE RIM FOUNDATION FUNDED TREATMENT FOR SPINAL STENOSIS, WHICH REMOVES FAT FROM THE EPIDURAL SPACE, HELPING THOSE WHO ARE TREATED TO HAVE LESS PAIN STANDING OR WALKING. THIS TREATMENT IS GOOD FOR THOSE WITH CO-MORBIDITIES AND THE ELDERLY, AS IT IS MINIMALLY INVASIVE. THE 3-D VIRTUAL REALITY MOTION METHOD INVOLVES VISUALIZING HUMAN MOVEMENT PATTERNS, WHICH MITIGATE MANY OF THE CURRENT ISSUES RELATED TO REMOTE MONITORING OF PHYSICAL THERAPY.
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 | $647,771 | $536,562 | +0.2% |
| Expenses | $819,389 | $994,361 | -0.2% |
| Net Income | $-171,618 | $-457,799 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| RICHARD WIDGREN | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY FILIPPIS | VICE-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARRY CLAY | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICOLE ULRICH | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| M SAFWAN BADR MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY CASH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY COLUCCI DO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RON HENRY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PATTY JOBBIT MSA PT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOEL KEIPER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BELVIN LILES | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM RESTUM PHD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WELCH MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN SPILLANE KNIGHT | PRESIDENT | 40.00 |
Officer
|
$144,600 | $0 | $144,600 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $647,771 | $819,389 | $7,635,481 | $-171,618 |
| 2022 | $536,562 | $994,361 | $7,302,426 | $-457,799 |
| 2021 | $5,229,943 | $491,962 | $8,748,780 | $4,737,981 |
| 2020 | $276,125 | $499,927 | $3,762,588 | $-223,802 |
| 2019 | $1,655,875 | $512,134 | $3,781,144 | $1,143,741 |
| 2018 | $376,383 | $501,613 | $2,344,963 | $-125,230 |
Compare REHABILITATION INSTITUTE OF MICHIGAN FOUNDATION with other nonprofits in Michigan and across the country.