Spectra Health
Grand Forks, North Dakota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Excellent
How This Organization Compares
Compared to 2 peers in Health Care with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2024 | $9,839,537↑26% | $8,093,592↑12% | $11,156,059↑19% | — |
| 2023 | $7,827,765↑9% | $7,224,993↑6% | $9,341,221↑8% | — |
| 2022 | $7,209,288↓5% | $6,785,519↑17% | $8,622,580↓4% | — |
| 2021 | $7,588,234↑32% | $5,823,706↑8% | $9,000,942↑56% | — |
| 2020 | $5,731,759↑10% | $5,412,557↑14% | $5,781,931↑21% | — |
| 2019 | $5,202,064↑9% | $4,737,958↑15% | $4,782,630↑9% | — |
| 2018 | $4,758,279↑22% | $4,104,737↑9% | $4,397,391↑12% | — |
| 2017 | $3,910,803↓11% | $3,773,665 | $3,941,949↑3% | — |
| 2016 | $4,377,952↑15% | $3,769,753↓4% | $3,811,184↑31% | — |
| 2015 | $3,793,461↓11% | $3,936,984↑15% | $2,917,245↑4% | — |
| 2014 | $4,265,446↑40% | $3,431,830↑10% | $2,796,423↑42% | — |
| 2013 | $3,036,493↑2% | $3,126,279↑8% | $1,971,813↓5% | — |
| 2012 | $2,986,495 | $2,896,549 | $2,079,767 | — |
Frequently Asked Questions
What does Spectra Health do?▼
Spectra Health is a health care nonprofit organization based in North Dakota. It is classified under NTEE code E320 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Spectra Health financially healthy?▼
Based on our 9-metric Financial Health Score model, Spectra Health has a score of 91/100 (Grade: A). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Spectra Health generate?▼
Spectra Health reports $8.9M in annual revenue and holds $11.8M in total assets, based on IRS filings.
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