YPSILANTI, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE MEDICAL CLINIC INC, founded in 1982, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $12.3M represent 29 months of operating reserves.
HOPE MEDICAL CLINIC, INC OPERATES FREE MEDICAL AND DENTAL CLINICS FOR THE UNINSURED; A FOOD/BASIC NEEDS PANTRY AND MEAL PROGRAM; AND BEHAVIORAL HEALTH AND OTHER SOCIAL SERVICE PROGRAMS AIMED AT HELPING THOSE IN NEED.
THE MEDICAL CLINICS IN YPSILANTI AND WAYNE OPERATE 10 CLINICS PER WEEK AND REFER PATIENTS FOR SPECIALTY CARE WHO WERE WITHOUT MEDICAL INSURANCE. HOPE CLINIC IS A HAVEN FOR THOSE WITHOUT HEALTH...
THE MEDICAL CLINICS IN YPSILANTI AND WAYNE OPERATE 10 CLINICS PER WEEK AND REFER PATIENTS FOR SPECIALTY CARE WHO WERE WITHOUT MEDICAL INSURANCE. HOPE CLINIC IS A HAVEN FOR THOSE WITHOUT HEALTH INSURANCE, WHERE NEEDS ARE MET WITH DIGNITY.OUR MEDICAL CLINICS HAD 3,120 PATIENT VISITS AND REFERRED 87 PATIENTS FOR SPECIALTY CARE SERVICES. THE CLINICS ARE STAFFED PRIMARILY WITH VOLUNTEERS, AND THERE WAS $644,000 IN DONATED SUPPLIES WHICH ARE NOT INCLUDED IN EXPENSES.
OUR FOOD AND BASIC NEEDS PROGRAM PROVIDES HOT MEALS, BAGGED LUNCHES, A FOOD PANTRY, PERSONAL CARE PRODUCTS, A DIAPER PANTRY AND A LAUDROMAT TO MEET THE NEEDS OF OUR CLIENTS.WE STRIVE TO MEET THE...
OUR FOOD AND BASIC NEEDS PROGRAM PROVIDES HOT MEALS, BAGGED LUNCHES, A FOOD PANTRY, PERSONAL CARE PRODUCTS, A DIAPER PANTRY AND A LAUDROMAT TO MEET THE NEEDS OF OUR CLIENTS.WE STRIVE TO MEET THE RISING NEED FOR FOOD AND BASIC ITEMS IN OUR COMMUNITY. IN 2023 WE PROVIDED 70,900 MEALS, HAD 17,939 CLIENTS SELECT GROCERIES IN OUR FOOD PANTRY, AND DELIVERED GROCERIES TO 3,732 CLIENTS. OUR DIAPER PANTRY SERVICED 3,611 CLIENTS AND SUPPLIED OVER 157,000 BABY ITEMS (DIAPERS, WIPES, BABY FOOD, FORMULA) WE PROVIDED LAUNDROMAT SERVICES TO 4,479 CLIENTS. ALL THIS WAS POSSIBLE DO TO NON-PROFESSIONAL VOLUNTEERS WHO DONATED 16,716 HOURS OF SERVICE.
OUR DENTAL CLINIC IS THE ONLY FREE DENTAL PROGRAM IN WASHTENAW COUNTY. WE ENABLE PATIENTS FACING TREMENDOUS FINANCIAL OBSTACLES TO RECEIVE THE HIGHEST STAND OF COMPASSIONATE DENTAL CARE. TO PROVIDE...
OUR DENTAL CLINIC IS THE ONLY FREE DENTAL PROGRAM IN WASHTENAW COUNTY. WE ENABLE PATIENTS FACING TREMENDOUS FINANCIAL OBSTACLES TO RECEIVE THE HIGHEST STAND OF COMPASSIONATE DENTAL CARE. TO PROVIDE GOOD DENTAL CARE TO CLIENTS WITHOUT DENTAL INSURANCE COVERAGE.IN 2023 WE ASSISTED 2,678 DENTAL PATIENTS AND PERFORMED 7,030 PROCEDURES. WE COORDINATED 51 REFERRALS FOR PATIENTS THAT NEEDED SPECIALIZED DENTAL CARE. WE HAD $215,000 WORTH OF DONATED SERVICES.
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 | $5,075,426 | $6,354,915 | -0.2% |
| Expenses | $5,358,173 | $4,714,243 | +0.1% |
| Net Income | $-282,747 | $1,640,672 | -1.2% |
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 FOLEY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD HENDRICKS CPA | VICE CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDY ARIZALA | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOROTHY ELLIOT RN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER BAIRD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL FENSKE MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALONSO LEWIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LYNN STELLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV GEORGE WADDLES JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSS WEENER | CHIEF EXECUTIVE OFFICER | 50.00 |
Officer
|
$23,231 | $0 | $23,231 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,075,426 | $5,358,173 | $12,469,820 | $-282,747 |
| 2022 | $6,354,915 | $4,714,243 | $12,124,121 | $1,640,672 |
| 2021 | $6,485,009 | $4,113,079 | $11,240,975 | $2,371,930 |
| 2020 | $5,375,143 | $3,854,641 | $8,490,589 | $1,520,502 |
| 2019 | $4,729,838 | $3,323,999 | $6,530,461 | $1,405,839 |
| 2018 | $2,854,184 | $2,947,545 | $5,007,511 | $-93,361 |
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