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, MEDICALLY INDIGENT AND A RANGE OF OTHER SERVICES AIMED EITHER AT MEETING BASIC NEEDS OR EQUIPPING PEOPLE WITH THE TOOLS NEEDED TO IMPROVE THE QUALITY OF THEIR LIVES AND/OR TO BECOME SELF-SUFFICIENT. VOLUNTEER-BASED, HOPE PROVIDES AN AVENUE FOR CHRISTIANS AND OTHERS TO SERVE THOSE IN NEED.
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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