Seattle, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DESC Hobson Clinic QALICB, founded in 2020, is a small nonprofit in the Human Services sector that reported $189K in total revenue in fiscal year 2024. Expenses of $881K exceeded revenue, resulting in a 366% operating deficit.
The Corporation was formed for the purposes of acquiring, constructing, owning, and leasing a full-scale integrated health care clinic located in Seattle, Washington known as the Hobson Place Clinic.
The Organization has acquired and constructed a full-scale health care clinic located in Seattle, Washington known as Hobson Place Clinic. The organization owns the clinic and leases it to Downtown...
The Organization has acquired and constructed a full-scale health care clinic located in Seattle, Washington known as Hobson Place Clinic. The organization owns the clinic and leases it to Downtown Emergency Service Center. The lease commenced in 2022 upon completion of the construction of the property. The Property is the first local full-scale health care clinic in the Seattle area specifically designed to meet the complex needs of people living with disabilities who have experienced the longest periods of homelessness.
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 | $188,920 | $183,000 | +0.0% |
| Expenses | $881,254 | $1,293,214 | -0.3% |
| Net Income | $-692,334 | $-1,110,214 | -0.4% |
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 Malone | President/DESC Executive Director | 0.10 |
Officer
Director
|
$0 | $28,556 | $231,460 |
| Judge Helen Halpert | Vice President | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| Bryan Friend | Treasurer | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| Marcia McCracken | Secretary | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| Sheryl Whitney | Board Member | 0.10 |
Director
|
$0 | $0 | $0 |
| Jennifer Tripp | CFO (Until Dec) | 0.10 |
Officer
|
$0 | $12,162 | $213,297 |
| Patrick Gehring | CFO (From Dec) | 0.10 |
Officer
|
$0 | $0 | $2,664 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $188,920 | $881,254 | $20,323,046 | $-692,334 |
| 2023 | $183,000 | $1,293,214 | $20,920,955 | $-1,110,214 |
| 2022 | $152,906 | $921,661 | $22,027,855 | $-768,755 |
| 2021 | $2,132,599 | $11,071 | $25,100,925 | $2,121,528 |
| 2020 | $5,245,440 | $6,458 | $15,786,853 | $5,238,982 |
Compare DESC Hobson Clinic QALICB with other nonprofits in Washington and across the country.