NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IRONBOUND COMMUNITY HEALTH CENTER INC, founded in 2020, is a small nonprofit that reported $984K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.
IRONBOUND COMMUNITY HEALTH CENTER DBA HOPE AND ESPERANZA COMMUNITY HEALTH CENTER (HEC) IS A FEDERALLY QUALIFIED HEALTH CENTER LOOK ALIKE AND NON- PROFIT ORGANIZATION OFFERING PRIMARY CARE, PEDIATRIC, GERIATRIC, WOMEN'S HEALTH, VACCINATIONS, AND LABORATORY SERVICES TO UNDERSERVED COMMUNITIES. HEC'S MISSION IS TO PROVIDE CULTURALLY COMPETENT HEALTHCARE OF THE HIGHEST QUALITY REGARDLESS OF THE ABILITY TO PAY, DIRECTED TOWARDS ACHIEVING HEALTH INITIATIVES THAT REDUCE HEALTH DISPARITIES IN THE COMMUNITIES WE SERVE.
IN 2023, WE PROVIDED OVER 3000 CLINIC AND BEHAVIORAL HEALTH VISITS WITH ONE PRACTITIONER AND ONE MENTAL HEALTH CLINICIAN. OVER 80% OF OUR PATIENTS THIS PAST YEAR WERE OF HISPANIC AND LATINO DESCENT...
IN 2023, WE PROVIDED OVER 3000 CLINIC AND BEHAVIORAL HEALTH VISITS WITH ONE PRACTITIONER AND ONE MENTAL HEALTH CLINICIAN. OVER 80% OF OUR PATIENTS THIS PAST YEAR WERE OF HISPANIC AND LATINO DESCENT WITH ALMOST 45% BEING UNINSURED. ALMOST 50% LIVE WITH CHRONIC CONDITIONS SUCH AS DIABETES AND HEART DISEASE. HEC HAD BEEN OPERATING AS A DEPARTMENT OF HEALTH AND HUMAN SERVICES, HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) SECTION 330 COMMUNITY HEALTH CENTER (CHC) HAVING RECEIVED 1 MILLION DOLLARS FROM HRSA FOR A SERVICE AREA COMPETITION (SAC-AA) ON 11/17/2020. AS A NEW CHC FROM SAC-AA, THE SERVICE AREA WAS REQUIRED TO PROCEED THROUGH A SAC APPLICATION PROCESS (FY 2022 SERVICE AREA ANNOUNCEMENT, HRSA-22-103) IN THE HEALTH CENTER'S FIRST YEAR OF OPERATION. HRSA'S OBJECTIVE REVIEW COMMITTEE FINAL SUMMARY STATEMENT SCORED OUR APPLICATION WITH A RAW SCORE OF 95, WITHOUT THE BENEFIT OF ADDITIONAL PRIORITY POINTS AS A 1ST YEAR CHC. HEC WAS NOT FUNDED AS IT WAS DETERMINED ANOTHER ORGANIZATION WAS AWARDED BASED ON THOSE PRIORITY POINTS. WE HAVE MANY COLLABORATIVE AGREEMENTS WITH COMMUNITY-BASED ORGANIZATIONS SUCH AS LA CASA DE DON PEDRO AND FOCUS AS WELL AS TWO SUBSTANCE USE ORGANIZATIONS, GREATER ESSEX COUNSELING SERVICES AND CURA. WE HAVE ALSO PARTNERED WITH PARK AVE AND RIDGE STREET ELEMENTARY SCHOOLS FOR PRIMARY CARE AND MENTAL HEALTH SERVICES. WE HAVE AN ESTABLISHED AGREEMENT WITH ROBERT WOOD JOHNSON - CLARA MAASS MEDICAL CENTER FOR FOLLOW UP AND SPECIALTY CARE. WE ARE PREPARING TO PROVIDE DIABETES SELF-MANAGEMENT AND CARDIOVASCULAR HEALTH SERVICES AND EDUCATION TO PATIENTS IN NEED OF IMPORTANT SELF-MANAGEMENT SKILLS. AS YOU CAN SEE, WE ARE COMMITTED TO EXECUTING EFFECTIVE AND EVIDENCE-BASED INITIATIVES TO IMPROVE CHRONIC DISEASE SYMPTOMS AND CONDITIONS IN NEWARK AND PARTICULARLY IN OUR COMMUNITIES.
NONETHELESS, HEC CONTINUES TO PROVIDE SERVICES THAT ARE CULTURALLY AND LINGUISTICALLY APPROPRIATE FOR PATIENTS TO ACCESS HEALTH CARE SERVICES IN THEIR NATIVE LANGUAGE, REGARDLESS OF CITIZENSHIP OR...
NONETHELESS, HEC CONTINUES TO PROVIDE SERVICES THAT ARE CULTURALLY AND LINGUISTICALLY APPROPRIATE FOR PATIENTS TO ACCESS HEALTH CARE SERVICES IN THEIR NATIVE LANGUAGE, REGARDLESS OF CITIZENSHIP OR INCOME. PATIENTS ARE PROVIDED WITH CARE TO IMPROVE HEALTH OUTCOMES AND ARE CONNECTED TO RESOURCES IN 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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $984,231 | $1,239,520 | -0.2% |
| Expenses | $987,396 | $1,115,480 | -0.1% |
| Net Income | $-3,165 | $124,040 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| NURIS RODRIGUEZ-PABON | CEO | 40.00 |
Officer
|
$101,200 | $0 | $101,200 |
| SUSANNA ARMAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LYDIA COTTY | TRUSTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISSETTE LEE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA MENDEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMEN MOSCA | TRUSTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARMEN MOSCA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIA PAGAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLIE RODRIGUEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIGUEL VELEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $984,231 | $987,396 | $141,035 | $-3,165 |
| 2022 | $1,239,520 | $1,115,480 | $321,630 | $124,040 |
| 2021 | $1,081,365 | $1,062,002 | $210,884 | $19,363 |
| 2020 | No data | $170,418 | $40,314 | No data |
Compare IRONBOUND COMMUNITY HEALTH CENTER INC with other nonprofits in New Jersey and across the country.