ROCHESTER, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Healthcare Industry Resilience Collaborative, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $318K, a strong 24% operating margin.
OBJECTIVE IS TO CREATE INDUSTRY LEVEL STANDARDIZED FRAMEWORKS WHICH RESILIENCY IS THE ABILITY OF A VENDOR TO PROVIDE CONSISTENT FLOW OF MEDICAL MATERIALS NECESSARY FOR PATIENT CARE. APPROACH INCLUDES INCREASING TRANSPARENCY AND TRUST IN HEALTHCARE SUPPLY RELATIONSHIPS. LONGER TERM, HIRC WILL ROLL OUT A FORMAL ASSESSMENT PROGRAM VIA THIRD-PARTY AUDIT TO VALIDATE SUPPLIER RESILIENCY MATURITY AND THUS INCREASE RELIABLE ACCESS TO MEDICAL MATERIALS IN THE UNITED STATES AND BEYOND.
OBJECTIVE IS TO CREATE INDUSTRY LEVEL STANDARDIZED FRAMEWORKS WHICH DEFINE, MEASURE, AND ELEVATE RESILIENCY IN HEALTHCARE SUPPLY CHAINS. RESILIENCY IS THE ABILITY OF A VENDOR TO PROVIDE CONSISTENT...
OBJECTIVE IS TO CREATE INDUSTRY LEVEL STANDARDIZED FRAMEWORKS WHICH DEFINE, MEASURE, AND ELEVATE RESILIENCY IN HEALTHCARE SUPPLY CHAINS. RESILIENCY IS THE ABILITY OF A VENDOR TO PROVIDE CONSISTENT FLOW OF MEDICAL MATERIALS NECESSARY FOR PATIENT CARE. APPROACH INCLUDES INCREASING TRANSPARENCY AND TRUST IN HEALTHCARE SUPPLY RELATIONSHIPS. LONGER TERM, HIRC WILL ROLL OUT A FORMAL ASSESSMENT PROGRAM VIA THIRD-PARTY AUDIT TO VALIDATE SUPPLIER RESILIENCY MATURITY AND THUS INCREASE RELIABLE ACCESS TO MEDICAL MATERIALS IN THE UNITED STATES AND BEYOND.
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 | $1,302,474 | $812,990 | +0.6% |
| Expenses | $984,510 | $829,665 | +0.2% |
| Net Income | $317,964 | $-16,675 | -20.1% |
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 |
|---|---|---|---|---|---|---|
| Jesse Schafer | Executive Director | 0.0 |
Highest
|
$158,390 | $0 | $158,390 |
| Tom Lubotsky | Future Chair | 0.0 |
Officer
|
$0 | $0 | $0 |
| Jeremy How | Treasurer | 0.0 |
Officer
|
$0 | $0 | $0 |
| Alan Mavis | Secretary | 0.0 |
Officer
|
$0 | $0 | $0 |
| Katie Dean | Chair | 0.0 |
Officer
|
$0 | $0 | $0 |
| Tom Harvieux | Past Chair | 0.0 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,302,474 | $984,510 | $685,009 | $317,964 |
| 2023 | $812,990 | $829,665 | $215,260 | $-16,675 |
| 2022 | $462,734 | $438,164 | $683,396 | $24,570 |
Compare Healthcare Industry Resilience Collaborative with other nonprofits in Minnesota and across the country.