MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEIGHBORHOOD HEALTHSOURCE, founded in 1970, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2024. Expenses of $10.4M exceeded revenue, resulting in a 13% operating deficit.
IT IS THE MISSION OF NEIGHBORHOOD HEALTHSOURCE TO IMPROVE THE HEALTH OF OUR COMMUNITIES BY PROVIDING QUALITY HEALTH CARE SERVICES THAT ARE AFFORDABLE AND ACCESSIBLE, WHILE ADVANCING HEALTH EQUITY FOR ALL.
PRIMARY MEDICAL CARE:THE SCOPE OF OUR PRIMARY MEDICAL SERVICES IS FOCUSED ON MAINTAINING ACCESS TO COMPREHENSIVE PRIMARY AND PREVENTIVE HEALTHCARE IN ORDER TO IMPROVE THE HEALTH STATUS OF UNDERSERVED...
PRIMARY MEDICAL CARE:THE SCOPE OF OUR PRIMARY MEDICAL SERVICES IS FOCUSED ON MAINTAINING ACCESS TO COMPREHENSIVE PRIMARY AND PREVENTIVE HEALTHCARE IN ORDER TO IMPROVE THE HEALTH STATUS OF UNDERSERVED AND VULNERABLE POPULATIONS. THE PRIMARY SERVICE AREA IS NORTH AND NORTHEAST MINNEAPOLIS WITH NW HENNEPIN COUNTY AND SOUTHERN ANOKA COUNTY AS SECONDARY SERVICE AREAS. THE TARGET POPULATION INCLUDES LOW-INCOME COMMUNITIES, BOTH UNINSURED AND THOSE ON MEDICAID. SERVICES WERE PROVIDED AT FOUR FREESTANDING CLINICS: FREMONT CLINIC IN NORTH MINNEAPOLIS, CENTRAL AVENUE CLINIC AND SHERIDAN CLINIC IN NORTHEAST MINNEAPOLIS AND NORTH METRO CLINIC IN COON RAPIDS. WE PROVIDE ON-SITE SERVICES INCLUDE PRIMARY CARE, DISEASE AND CANCER PREVENTION, REPRODUCTIVE AND SEXUAL HEALTH EDUCATION, OB/GYN, CHRONIC DISEASE, INTERPRETING, AND ASSISTANCE WITH HEALTH CARE PLAN ENROLLMENT. WE PROVIDE REFERRALS AND CARE COORDINATION FOR DENTAL, MENTAL HEALTH AND SUBSTANCE ABUSE, HOSPITAL, AND SPECIALTY SERVICES THROUGH PARTNERSHIPS WITH OTHER COMMUNITY ORGANIZATIONS. NHS PROVIDES A VARIETY OF COMMUNITY HEALTH SERVICES IN SUPPORT OF PRIMARY CARE ACTIVITIES INCLUDING HEALTH EDUCATION, CHRONIC DISEASE PREVENTION, CANCER PREVENTION, AND REPRODUCTIVE HEALTH SERVICES. PHYSICIANS, NURSE PRACTITIONERS, PHYSICIAN ASSISTANTS, CERTIFIED NURSE-MIDWIVES, CLINICAL AND ADMINISTRATIVE SUPPORT STAFF PROVIDE NHS SERVICES.
MENTAL HEALTH:WHILE NHS PROVIDES MENTAL HEALTH CARE SERVICES ON SITE FOR MOST PATIENTS, MENTAL HEALTH CARE SERVICES FOR MEDICARE PATIENTS ARE CURRENTLY AVAILABLE THROUGH OFF-SITE REFERRAL TO...
MENTAL HEALTH:WHILE NHS PROVIDES MENTAL HEALTH CARE SERVICES ON SITE FOR MOST PATIENTS, MENTAL HEALTH CARE SERVICES FOR MEDICARE PATIENTS ARE CURRENTLY AVAILABLE THROUGH OFF-SITE REFERRAL TO NORTHPOINT HEALTH AND WELLNESS CENTER LOCATED IN NORTH MINNEAPOLIS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,181,965 | $8,702,567 | +0.1% |
| Expenses | $10,361,550 | $9,404,843 | +0.1% |
| Net Income | $-1,179,585 | $-702,276 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| PHILIP DENNY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLORIA PETERSON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARROLL BARNES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAYTE CAMBARA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG CHRISTENSON | DIRECTOR (THRU 06/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| NATE EBNET | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOBBI KELLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAYRA SINCHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VICTOR WONG | DIRECTOR (THRU 10/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE KNUTSON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$243,356 | $27,925 | $271,281 |
| CURT ENGELS | FINANCE DIRECTOR | 40.00 |
Officer
|
$138,263 | $32,256 | $170,519 |
| MARK VINT | PHYSICIAN | 40.00 |
Highest
|
$197,026 | $37,353 | $234,379 |
| ROBIN BRESETTE | PHYSICIAN | 40.00 |
Highest
|
$224,275 | $9,671 | $233,946 |
| EMILY BENZIE | PHYSICIAN | 40.00 |
Highest
|
$160,361 | $7,066 | $167,427 |
| PATRICE DALTON | PHYSICIAN | 40.00 |
Highest
|
$134,414 | $5,866 | $140,280 |
| TESSA WETJEN | DENTAL DIRECTOR | 40.00 |
Highest
|
$106,712 | $34,551 | $141,263 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $9,181,965 | $10,361,550 | $7,183,986 | $-1,179,585 |
| 2023 | $8,702,567 | $9,404,843 | $8,178,155 | $-702,276 |
| 2022 | $10,007,468 | $8,923,343 | $8,885,347 | $1,084,125 |
| 2022 | $9,129,004 | $8,818,776 | $7,874,156 | $310,228 |
| 2021 | $9,271,856 | $7,908,138 | $7,687,895 | $1,363,718 |
| 2021 | $9,274,979 | $7,961,962 | $7,504,365 | $1,313,017 |
| 2020 | $7,574,868 | $7,195,717 | $5,987,535 | $379,151 |
| 2020 | $7,560,079 | $7,195,717 | $6,079,680 | $364,362 |
| 2019 | $6,449,937 | $6,684,299 | $5,317,104 | $-234,362 |
| 2018 | $6,007,100 | $5,930,937 | $5,478,523 | $76,163 |
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