Spectra Health
- Assets
- $11.2m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 110
- Location
- Grand Forks, ND
- Founding
- 07/2003
- Data as of
- 05/2024
- EIN
- 27-0056777
Organization Overview
Spectra Health is located in Grand Forks, ND. The organization was established in 2003. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 05/2024, Spectra Health employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectra Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Spectra Health generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $8.1m during the year ending 05/2024. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SPECTRA HEALTH IS TO ENHANCE LIFE THROUGH COMPASSIONATE, QUALITY CARE.
Describe the Organization's Program Activity:
TO PROVIDE COMMUNITY BASED PRIMARY AND PREVENTATIVE MEDICAL AND DENTAL CARE SUBSIDIZED WITH GRANT MONEY BASED ON ABILITY TO PAY FOLLOWING THE FEDERAL GRANT'S GUIDELINES. THERE WERE A TOTAL OF 26,243 ENCOUNTERS FOR THE NUMBER OF PATIENTS SERVED DURING THE YEAR. UTILIZING AN INTEGRATED MODEL OF CARE BEHAVIORAL HEALTH CONSULTANTS CAN MEET WITH PATIENTS IN CRISIS FOR A BRIEF INTERVENTION AT THE TIME OF ANY APPOINTMENT AND MEET MENTAL HEALTH AS WELL AS THE PHYSICAL NEEDS OF THE PATIENT. SPRECTRA HEALTH'S INTEGRATED MODEL OF CARE WHICH ADDRESSES MORE THAN "JUST" BASIC HEALTHCARE NEEDS BUT ALSO ADDRESSES SOCIAL DRIVERS OF HEALTH WORKING HAND IN HAND WITH OUR OWN ON SITE SOCIAL SERVICE CASE WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Tveit Director | Trustee | 1 | $0 |
Bill Macki Director | Trustee | 1 | $0 |
Christopher Moen Treasurer | OfficerTrustee | 1 | $0 |
Debbie Swanson Director | Trustee | 1 | $0 |
Isaac Karikari Director | Trustee | 1 | $0 |
Julie Ludwig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,800,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,812,176 |
| Total Program Service Revenue | $6,897,333 |
| Investment income | $214,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$61,252 |
| Net Gain/Loss on Asset Sales | -$24,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,839,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,138 |
| Compensation of current officers, directors, key employees. | $371,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,729,058 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $613,213 |
| Payroll taxes | $360,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,778 |
| Fees for services: Accounting | $28,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,223 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,867 |
| Travel | $75,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,912 |
| Interest | $33,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,679 |
| Insurance | $32,324 |
| All other expenses | $2,362 |
| Total functional expenses | $8,093,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,721,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,426 |
| Accounts receivable, net | $413,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,886 |
| Net Land, buildings, and equipment | $5,751,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,241 |
| Total assets | $11,156,059 |
| Accounts payable and accrued expenses | $763,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,193,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,241 |
| Total liabilities | $2,024,291 |
| Net assets without donor restrictions | $9,131,768 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,156,059 |