DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MIDWEST MEDICAL EQUIPMENT AND SUPPLIES INC, founded in 1990, is a small nonprofit that reported $641K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $576K left a modest 10% surplus.
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, MIDWEST MEDICAL EQUIPMENT AND SUPPLIES, INC.'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.
MIDWEST MEDICAL EQUIPMENT AND SUPPLIES, INC., DBA ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES...
MIDWEST MEDICAL EQUIPMENT AND SUPPLIES, INC., DBA ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES, IS CREATED AND ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES PROVIDES ORTHOTICS AND PROSTHETICS SERVICES TO PATIENTS OF ESSENTIA HEALTH AND THE SURROUNDING COMMUNITIES, INCLUDING CHARITABLE CARE TO PERSONS UNABLE TO PAY.ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES HAD 300 ENCOUNTERS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $6,000 IN CHARITY CARE AND $35,000 COSTS IN EXCESS OF MEDICAID PAYMENTS. ESSENTIA HEALTH MEDICAL EQUIPMENT & SUPPLIES WAS DISSOLVED IN FY 2025.ESSENTIA HEALTH IS THE PARENT ORGANIZATION OF AN INTEGRATED HEALTH SYSTEM THAT INCLUDES THIS ORGANIZATION AND ALL ENTITIES THAT ARE OWNED OR CONTROLLED, DIRECTLY OR INDIRECTLY, BY ESSENTIA HEALTH (COLLECTIVELY, THE "SYSTEM OR "ESSENTIA HEALTH").
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 | $641,350 | $1,801,148 | -0.6% |
| Expenses | $576,329 | $2,252,774 | -0.7% |
| Net Income | $65,021 | $-451,626 | -1.1% |
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 NIKCEVICH MD | BD DIRECTOR/RELATED ORG PHYSICIAN | 1.00 |
Director
|
$0 | $61,115 | $932,372 |
| AL HURLEY | PRESIDENT | 1.00 |
Officer
|
$0 | $129,814 | $835,977 |
| KEVIN BOREN | VICE PRESIDENT, FINANCE | 1.00 |
Officer
|
$0 | $123,808 | $678,621 |
| JOSEPH MIHALEK | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $7,800 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $641,350 | $576,329 | No data | $65,021 |
| 2024 | $1,801,148 | $2,252,774 | $1,241,708 | $-451,626 |
| 2023 | $1,807,994 | $2,274,957 | $4,175,311 | $-466,963 |
| 2022 | $7,605,418 | $16,998,875 | $7,363,693 | $-9,393,457 |
| 2021 | $12,414,837 | $15,029,291 | $9,339,372 | $-2,614,454 |
| 2020 | $14,251,937 | $16,485,257 | $7,355,567 | $-2,233,320 |
| 2019 | $14,855,974 | $16,294,427 | $4,705,725 | $-1,438,453 |
| 2018 | $10,579,570 | $16,244,563 | $6,153,101 | $-5,664,993 |
Compare MIDWEST MEDICAL EQUIPMENT AND SUPPLIES INC with other nonprofits in Minnesota and across the country.