SPARROW SPECIALTY HOSPITAL

EIN: 141885340 501(c)(3) Health Care

LANSING, MI

Total Revenue
$10,487,673
Total Expenses
$8,620,562
Total Assets
$50,181,721
Net Assets
$46,210,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MI
Principal Officer
TINA GROSS
Phone
5173644840
Tax Period
2023-01-01 to 2023-06-30

SPARROW SPECIALTY HOSPITAL, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $10.5M in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 18% operating margin.

Mission

IMPROVING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES BY PROVIDING QUALITY, COMPASSIONATE LONG-TERM ACUTE CARE TO EVERYONE, EVERY TIME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,975
Program Service Revenue $9,731,592
Investment Income $728,534
Other Revenue $7,572
TOTAL REVENUE $10,487,673

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,780,417
Fundraising Expenses $0
Program Expenses $7,038,257
Other Expenses $3,840,145
TOTAL EXPENSES $8,620,562

Year-over-Year Comparison

2022 2021 Change
Revenue $10,487,673 $23,102,183 -0.5%
Expenses $8,620,562 $18,149,147 -0.5%
Net Income $1,867,111 $4,953,036 -0.6%
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

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Governance

Voting Members
12
Independent Members
5
Employees
N/A
Volunteers
N/A

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
7
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA BAHAR-COOK BOARD MEMBER 2.00
Director
$0 $0 $0
AMY BROWN BOARD MEMBER 2.00
Director
$0 $0 $0
KIRA CARTER-ROBERTSON SVP - SHS - 20.00
Officer Director
$0 $0 $0
MICHAEL FLINTOFF VICE CHAIR 2.00
Officer Director
$0 $0 $0
IRA GINSBURG CHAIR 2.00
Officer Director
$0 $0 $0
TINA GROSS PRESIDENT 40.00
Officer Director
$0 $0 $0
MARTHA JAKUBIAK BOARD MEMBER 2.00
Director
$0 $0 $0
KRISTY BECKHOLT MD BOARD MEMBER 40.00
Director
$0 $0 $0
LINDSAY PETERS BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER POPE BOARD MEMBER 2.00
Director
$0 $0 $0
BRUCE SHIVELY TREASURER 2.00
Officer Director
$0 $0 $0
SPENCER SIMMONS SECRETARY 2.00
Officer Director
$0 $0 $0
MARGARET DIMOND PHD REGIONAL PRE 2.00
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $10,487,673 $8,620,562 $50,181,721 $1,867,111
2022 $23,102,183 $18,149,147 $46,387,855 $4,953,036
2021 $23,525,933 $15,995,615 $45,693,643 $7,530,318
2020 $20,182,717 $14,309,729 $36,922,628 $5,872,988
2019 $16,672,630 $13,785,656 $29,512,877 $2,886,974
2018 $16,083,371 $12,648,586 $24,776,945 $3,434,785
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