DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)POLINSKY MEDICAL REHABILITATION CENTER, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $11.6M in total revenue in fiscal year 2022. Expenses of $13.7M exceeded revenue, resulting in a 18% operating deficit.
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, POLINSKY MEDICAL REHABILITATION CENTER'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.
POLINSKY MEDICAL REHABILITATION CENTER, DBA ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC...
POLINSKY MEDICAL REHABILITATION CENTER, DBA ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER IS CREATED AND ORGANIZED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES IN ACCORDANCE WITH THE CHARITABLE WORKS TRADITION OF THE ROMAN CATHOLIC CHURCH. IN KEEPING WITH THIS SPECIFIC PURPOSE, ALL WORKS SHALL BE CARRIED OUT IN ACCORDANCE WITH THE CHARISM OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, A MINNESOTA NONPROFIT CORPORATION; TO MAKE POSSIBLE THE PROVISION OF COMPREHENSIVE REHABILITATION SERVICES FOR PERSONS WITH DISABLING CONDITIONS, PRIMARILY THOSE WITH PHYSICAL IMPAIRMENTS; AND TO MAINTAIN A REHABILITATION CENTER.ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER PROVIDES INDIVIDUALIZED, SPECIALIZED MEDICAL REHABILITATION TO CHILDREN AND ADULTS. ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER OFFERS A BROAD RANGE OF OUTPATIENT SERVICES FOR ITS PATIENTS, INCLUDING COMPREHENSIVE EVALUATIONS AND TREATMENTS, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH-LANGUAGE THERAPY, PSYCHOLOGICAL SERVICES, AND NEUROPSYCHOLOGICAL SERVICES.ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER EMPLOYS NEARLY 90 FULL TIME EQUIVALENTS AND PROVIDED APPROXIMATELY 41,000 OUTPATIENT VISITS DURING THE FISCAL YEAR ENDED JUNE 30, 2023.DURING THE FISCAL YEAR ENDED JUNE 30, 2023, ESSENTIA HEALTH POLINSKY MEDICAL REHABILITATION CENTER PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $1.6 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS AND $6,000 IN HEALTH PROFESSION EDUCATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $11,595,880 | $11,594,453 | +0.0% |
| Expenses | $13,690,590 | $13,278,342 | +0.0% |
| Net Income | $-2,094,710 | $-1,683,889 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID HERMAN MD | FORMER INTERIM PRESIDENT | 0.00 |
|
$0 | $321,531 | $3,357,481 |
| JON PRYOR MD | PRESIDENT - EAST THRU 1/23 | 1.00 |
Officer
|
$0 | $37,830 | $1,169,165 |
| BRADLEY BEARD | CHIEF OPERATING OFFICER | 1.00 |
Key Emp
|
$0 | $137,485 | $1,069,895 |
| WILLIAM HEEGAARD MD | PRESIDENT | 1.00 |
Officer
|
$0 | $138,409 | $1,040,506 |
| ANNE STEPHEN MD | CHIEF MEDICAL OFFICER | 1.00 |
Key Emp
|
$0 | $107,371 | $983,815 |
| DANIEL NIKCEVICH MD | FORMER PRESIDENT | 0.00 |
|
$0 | $58,140 | $966,567 |
| TROY DUININCK MD | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $60,115 | $682,354 |
| JANICE SCHADE | SENIOR VICE PRESIDENT, OPERATIONS | 1.00 |
Key Emp
|
$0 | $88,128 | $629,756 |
| RHONDA KAZIK | CHIEF NURSING OFFICER | 1.00 |
Key Emp
|
$0 | $90,800 | $629,127 |
| KEVIN BOREN | VICE PRESIDENT, FINANCE | 1.00 |
Officer
|
$0 | $89,011 | $617,463 |
| KRISTA SKORUPA MD | INTERIM PRESIDENT | 1.00 |
Officer
|
$0 | $69,831 | $603,239 |
| LAURA TROMBINO MD | BOARD DIRECTOR THRU 12/22 | 1.00 |
Director
|
$0 | $52,234 | $510,080 |
| JAN BALDWIN MD | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $50,698 | $348,086 |
| CYNTHIA KENT | FORMER SNR VP, NURSING EXCELLENCE | 0.00 |
|
$0 | $7,863 | $230,366 |
| JOHN HAUGRUD | SPORTS MEDICINE DIRECTOR | 60.00 |
Highest
|
$138,363 | $32,217 | $170,580 |
| JANELLE FRESVIK | REHABILITATION SERVICES MANAGER | 60.00 |
Highest
|
$117,148 | $6,999 | $124,147 |
| MATTHEW WEBB | PSYCHOLOGIST | 60.00 |
Highest
|
$103,153 | $11,547 | $114,700 |
| BRIAN LEHR | REHABILITATION SERVICES MANAGER | 60.00 |
Highest
|
$104,216 | $8,528 | $112,744 |
| DEAN ANDERSON | PHYSICAL THERAPIST | 60.00 |
Highest
|
$102,538 | $8,712 | $111,250 |
| JOSEPH MIHALEK | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $8,800 |
| THOMAS RENIER | BOARD VICE CHAIR THRU 12/22 | 2.00 |
Officer
Director
|
$0 | $0 | $8,600 |
| ALAN ROCK | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $8,000 |
| ANTHONY SERTICH | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $7,800 |
| HOWARD KLATZKY | BOARD DIRECTOR THRU 12/22 | 1.00 |
Director
|
$0 | $0 | $7,000 |
| JOSEPH LEONI | BOARD DIRECTOR THRU 12/22 | 1.00 |
Director
|
$0 | $0 | $6,800 |
| RENEE WACHTER | BOARD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $6,400 |
| HARA CHARLIER | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER BEVERLY RAWAY | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER JEANNE ANN WEBER | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER THERESE CARSON | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS JAMAR | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY YUNG | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $11,595,880 | $13,690,590 | $13,688,439 | $-2,094,710 |
| 2022 | $11,594,453 | $13,278,342 | $12,956,383 | $-1,683,889 |
| 2021 | $11,135,682 | $12,272,203 | $14,309,459 | $-1,136,521 |
| 2020 | $9,411,207 | $12,349,995 | $12,520,503 | $-2,938,788 |
| 2019 | $11,034,311 | $13,146,418 | $11,745,762 | $-2,112,107 |
| 2018 | $11,187,762 | $12,579,350 | $12,172,528 | $-1,391,588 |
Compare POLINSKY MEDICAL REHABILITATION CENTER with other nonprofits in Minnesota and across the country.