FARMINGTON HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MEL BORNSTEIN CLINIC FOR PSYCHOANALYSIS AND PSYCHOTHERAPY, founded in 2017, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.
THE CLINIC PROVIDES HIGH QUALITY PSYCHODYNAMIC, PSYCHOTHERAPY, AND PSYCHOANALYSIS FOR THE COMMUNITY.
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 | $1,038,896 | $1,085,679 | 0.0% |
| Expenses | $1,179,757 | $1,192,613 | 0.0% |
| Net Income | $-140,861 | $-106,934 | +0.3% |
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 MEDOW | TREASURER | 004.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORRIE CHOPRA MS | PRESIDENT | 012.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARC ROSEN PHD | VICE PRESIDENT | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA GOLD | SECRETARY | 004.00 |
Officer
Director
|
$0 | $0 | $0 |
| HON PHYLLIS McMILLEN | MEMBER | 002.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,038,896 | $1,179,757 | $369,405 | $-140,861 |
| 2024 | $1,085,679 | $1,192,613 | $552,970 | $-106,934 |
| 2023 | $989,245 | $926,529 | $346,262 | $62,716 |
| 2022 | $994,385 | $767,817 | $437,505 | $226,568 |
| 2021 | $601,993 | $494,601 | $253,588 | $107,392 |
| 2020 | $229,613 | $248,740 | $148,534 | $-19,127 |
| 2019 | $167,005 | $184,214 | $91,041 | $-17,209 |
| 2018 | $197,991 | $146,764 | $105,551 | $51,227 |
Compare THE MEL BORNSTEIN CLINIC FOR PSYCHOANALYSIS AND PSYCHOTHERAPY with other nonprofits in Michigan and across the country.