NEIGHBORHOOD HEALTHSOURCE (EIN 411235064) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

STEVE KNUTSON

Phone

6125889411

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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 PEOPLE, BOTH UNINSURED AND THOSE ON MEDICAID. SERVICES ARE PROVIDED AT FOUR FREESTANDING CLINICS; FREMONT CLINIC IN NORTH MINNEAPOLIS, CENTRAL AVENUE CLINIC AND SHERIDAN WOMEN AND CHILDREN'S CLINIC IN NORTHEAST MINNEAPOLIS; AND NORTH METRO CLINIC IN COON RAPIDS. ON-SITE SERVICES INCLUDE PRIMARY CARE, PREVENTION, OUTREACH, 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.

🔒

Trantor Score

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,058,123

Program Service Revenue $4,080,543

Investment Income $43,110

Other Revenue $189

TOTAL REVENUE $9,181,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,864,964

Fundraising Expenses $105,743

Program Expenses $7,839,221

Other Expenses $3,496,586

TOTAL EXPENSES $10,361,550

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

136

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$441,800

Total Directors

Key Employees

Highest Compensated

reported

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

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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

NEIGHBORHOOD HEALTHSOURCE