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 PSYCHOANALYIS FOR PATIENTS WITH LIMITED FINANCIAL RESOURCES THROUGH REDUCED FEES AND GRANTS.
MBC therapists offer help for a range of problems, including relationship difficulties, depression, anxiety, self-defeating behaviors, child and adolescent problems, parenting challenges, trauma...
MBC therapists offer help for a range of problems, including relationship difficulties, depression, anxiety, self-defeating behaviors, child and adolescent problems, parenting challenges, trauma, grief and loss, and life adjustments. Each person who is referred to our clinic is interviewed by a prospective therapist confidentially, with special attention to individual needs and life experiences. A plan of treatment is formed in partnership between patient and therapist. If questions about medication arises, potential patients meet with the medical director for further discussion. In addition, MBC now serves as a training site for Psychaiatry residents from the Corwell health program, furthering the educational mission of the MBC. MBC also serves as a community referral site, a majority from Medicaid and Medicare subscribers, and connecting these callers to treatment services.
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.