MYMICHIGAN MEDICAL CENTER TAWAS FOUNDATI

EIN: 010790428 501(c)(3) Health Care

MIDLAND, MI

Total Revenue
$546,057
Total Expenses
$237,297
Total Assets
$6,740,908
Net Assets
$6,740,908
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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
2003
Legal Domicile
MI
Principal Officer
BRYAN CROSS
Phone
9898379039
Tax Period
2024-07-01 to 2025-06-30

MYMICHIGAN MEDICAL CENTER TAWAS FOUNDATI, founded in 2003, is a small nonprofit in the Health Care sector that reported $546K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $309K, a strong 57% operating margin.

Mission

TO ENHANCE THE BROAD HEALTHCARE PURPOSE OF MYMICHIGAN MEDICAL CENTER TAWAS BY RAISING FUNDS AND PUBLIC SUPPORT, AND BY FUNDING MYMICHIGAN MEDICAL CENTER TAWAS SERVICES, PROGRAMS, PROJECTS AND INITIATIVES THAT FURTHER THE EXEMPT PURPOSES OF MYMICHIGAN MEDICAL CENTER TAWAS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $270,146
Program Service Revenue $0
Investment Income $275,911
Other Revenue $0
TOTAL REVENUE $546,057

Expense Breakdown

Grants Paid $233,731
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $233,731
Other Expenses $3,566
TOTAL EXPENSES $237,297

Year-over-Year Comparison

2024 2023 Change
Revenue $546,057 $884,214 -0.4%
Expenses $237,297 $1,318,088 -0.8%
Net Income $308,760 $-433,874 -1.7%
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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Governance

Voting Members
16
Independent Members
10
Employees
N/A
Volunteers
27

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
6
$3,302,480
Total Directors
20
$7,632,444
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WATSON PINNEY MD LYDIA DIRECTOR (PART YEAR) 2.00
Director
$0 $372,993 $2,106,820
ROSE MICHAEL SR VP, CFO & TREASURER (PART YEAR) 2.00
Officer Director
$0 $150,373 $1,183,179
MCCULLOGH MICHAEL CFO, MINISTRY MARKET (PART YEAR) 2.00
Officer Director
$0 $46,446 $1,146,026
JEON JORDAN DIRECTOR (PART YEAR) 2.00
Director
$0 $23,063 $801,312
ERICKSON MICHAEL DIRECTOR (PART YEAR) 2.00
Director
$0 $90,525 $658,622
HAYWOOD NANCY TREASURER (PART YEAR) 2.00
Officer Director
$0 $49,072 $616,063
GOODWIN PETER GENERAL COUNSEL & SECRETARY (PART YEAR) 2.00
Officer Director
$0 $16,352 $357,212
GOICK SADDLER ROSE DIRECTOR (PART YEAR) 2.00
Director
$0 $32,410 $281,418
MAY MD JO STUDLEY DIRECTOR 2.00
Director
$0 $18,048 $259,758
STIFFLER KAREN DIRECTOR 2.00
Director
$0 $37,290 $222,034
PALUMBO MICHAEL CHAIR 2.00
Officer Director
$0 $0 $0
ROGERS AMY VICE CHAIR 2.00
Officer Director
$0 $0 $0
BOWMAN MICHAEL DIRECTOR 2.00
Director
$0 $0 $0
HAVEL JEANETTE DIRECTOR 2.00
Director
$0 $0 $0
HEMKER BRENT DIRECTOR 2.00
Director
$0 $0 $0
LADLEY JENNIFER DIRECTOR 2.00
Director
$0 $0 $0
PAYNE MD CYNTHIA DIRECTOR 2.00
Director
$0 $0 $0
SAUVOLA LAMAY NICOLE DIRECTOR 2.00
Director
$0 $0 $0
SOBOLESKI JAMIE DIRECTOR 2.00
Director
$0 $0 $0
TUBBS JASMINE DIRECTOR 2.00
Director
$0 $0 $0
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 $546,057 $237,297 $6,740,908 $308,760
2024 $884,214 $1,318,088 $6,294,170 $-433,874
2023 $603,476 $776,960 $6,164,793 $-173,484
2022 $1,131,246 $249,503 $6,628,376 $881,743
2021 $361,069 $90,634 $7,245,894 $270,435
2020 $746,460 $181,789 $5,821,265 $564,671
2019 $156,947 $517,217 $5,062,390 $-360,270
2018 $522,180 $73,021 $5,369,424 $449,159
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