THRESHOLDS HEALTH NFP

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Phone

7732856400

Tax Period

2024-07-01 to 2025-06-30

THRESHOLDS HEALTH NFP, founded in 2021, is a small nonprofit in the Health Care sector that reported $834K in total revenue in fiscal year 2024. Expenses of $804K left a modest 4% surplus.

Mission

THRESHOLDS HEALTH STRIVES TO EXPAND ACCESS TO HIGH-QUALITY HEALTH CARE SERVICES, NURTURE WELL-BEING, AND INSPIRE HOPE IN MEDICALLY-UNDERSERVED AND LOW-INCOME COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $624,020 Revenue: $168,762

THRESHOLDS HEALTH IS A NONPROFIT HEALTH CENTER PROVIDING EXCEPTIONAL PRIMARY HEALTHCARE, MENTAL HEALTH, AND SUBSTANCE USE TREATMENT SERVICES TO INDIVIDUALS IN UNDER-SERVED AND LOW-INCOME COMMUNITIES. THRESHOLDS HEALTH WELCOMES ALL MEMBERS OF THE COMMUNITIES ON THE WEST SIDE OF CHICAGO, REGARDLESS OF INSURANCE STATUS OR ABILITY TO PAY, AND OFFERS THE FOLLOWING SERVICES: - PRIMARY CARE, ADULT AND PEDIATRIC, INCLUDING DIABETES CARE AND HYPERTENSION CARE - MENTAL HEALTH - SUBSTANCE USE TREATMENT, INCLUDING MEDICATION-ASSISTED TREATMENT AND PRENATAL SUBSTANCE USE TREATMENT - FAMILY PLANNING AND REPRODUCTIVE HEALTH - PRENATAL CARE AND NUTRITION - SCHOOL AND SPORTS PHYSICALS - IMMUNIZATIONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $665,192

Program Service Revenue $168,762

Investment Income $0

Other Revenue $0

TOTAL REVENUE $833,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,451

Fundraising Expenses $0

Program Expenses $624,020

Other Expenses $250,080

TOTAL EXPENSES $803,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,954	$828,772	+0.0%
Expenses	$803,531	$1,213,683	-0.3%
Net Income	$30,423	$-384,911	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,119,860

Total Directors

$563,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ISHAUG	CHIEF EXECUTIVE OFFICER	2.0	Officer Director	$0	$20,684	$563,071
MARY JO HERSETH	SECRETARY AND TREASURER	0.6	Officer Director	$0	$0	$0
RON GRAIS	VICE PRESIDENT	0.6	Officer Director	$0	$0	$0
SUZET MCKINNEY	PRESIDENT	0.6	Officer Director	$0	$0	$0
AL SHOREIBAH	CHIEF FINANCIAL OFFICER	2.0	Officer	$0	$35,094	$306,098
J WESLEY COOK DO	CHIEF MEDICAL OFFICER	10.0	Officer	$0	$16,869	$250,691
ABEGAIL B SUMAGUI	PHYSICIAN ASSISTANT	40.0	Highest	$134,443	$19,597	$154,040

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$833,954	$803,531	$80,028	$30,423
2024	$828,772	$1,213,683	$177,336	$-384,911
2023	$564,802	$1,210,233	$519,557	$-645,431
2022	$1,000,000	$29,058	$1,146,380	$970,942