In chapter 11 filings entered last month, the clinic declared total assets of roughly $5.1 million and liabilities of about $2.3 million, a downfall that required the tax-exempt organization to notify the state.
READ MORE LEGAL NEWS
The clinic provides safety net health services to more than 12,000 patients in the Chicago area, regardless of their income, insurance or ability to pay.
Luis Molina, a former board member of the clinic and a finance officer with a local healthcare provider, blames the financial troubles on business decisions made without committee approval.
"They were presented as done deals and management then would try to present the best financial projections to accomplish them," he told the Post-Tribune. "The center went from breaking even to the brink of bankruptcy."