SUPERIOR HEALTH FOUNDATION

EIN: 203615349 501(c)(3) Health Care

MARQUETTE, MI

Total Revenue
$2,080,752
Total Expenses
$2,056,259
Total Assets
$44,148,389
Net Assets
$43,887,366
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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
KARA KATONA
Phone
9062254763
Tax Period
2023-01-01 to 2023-12-31

SUPERIOR HEALTH FOUNDATION, founded in 2004, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Net assets of $43.9M represent 253 months of operating reserves.

Mission

TO ASSIST WITH UNMET HEALTHCARE NEEDS, WITH HEALTH EDUCATION, AND WITH PROGRAMS AND RESEARCH ON PREVENTING ILLNESS AND PROMOTING HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $269,227
Program Service Revenue $0
Investment Income $1,726,619
Other Revenue $84,906
TOTAL REVENUE $2,080,752

Expense Breakdown

Grants Paid $1,328,370
Salaries & Benefits $418,314
Fundraising Expenses $0
Program Expenses $1,328,370
Other Expenses $309,575
TOTAL EXPENSES $2,056,259

Year-over-Year Comparison

2023 2022 Change
Revenue $2,080,752 $1,198,421 +0.7%
Expenses $2,056,259 $1,789,332 +0.1%
Net Income $24,493 $-590,911 -1.0%
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
14
Independent Members
14
Employees
8
Volunteers
30

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
5
$133,738
Total Directors
15
$0
Key Employees
1
$133,738
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES LAJOIE EXECUTIVE DIRECTOR 040.00
Officer Key Emp Highest
$129,843 $3,895 $133,738
DANIEL ARNOLD PART-YEAR PRESIDENT 002.00
Officer Director
$0 $0 $0
SARA GILES PRESIDENT/PART-YEAR VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
KARA KATONA SECRETARY / TREASURER 002.00
Officer Director
$0 $0 $0
JOHN MARSHALL DIRECTOR 002.00
Director
$0 $0 $0
BRYAN DIXON DIRECTOR 002.00
Director
$0 $0 $0
JOAN HAARA DIRECTOR 002.00
Director
$0 $0 $0
DAVID JAHN VICE PRESIDENT/PART-YEAR DIRECTOR 002.00
Officer Director
$0 $0 $0
FREDI DE YAMPERT DIRECTOR 002.00
Director
$0 $0 $0
TRACEY JOHNSON DIRECTOR 002.00
Director
$0 $0 $0
N/A DIRECTOR 002.00
Director
$0 $0 $0
ANGELA VICTORSON DIRECTOR 002.00
Director
$0 $0 $0
MEGHAN LANE DIRECTOR 002.00
Director
$0 $0 $0
TYLER LAPLAUNT DIRECTOR 002.00
Director
$0 $0 $0
SCOTT PYNNONEN DIRECTOR 002.00
Director
$0 $0 $0
BRUCE SEELY DIRECTOR 002.00
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
2024 No data No data No data No data
2023 $2,080,752 $2,056,259 $44,148,389 $24,493
2022 $1,198,421 $1,789,332 $39,588,661 $-590,911
2021 $4,207,307 $1,679,075 $48,470,173 $2,528,232
2020 $8,185,603 $1,622,098 $42,732,166 $6,563,505
2019 $1,987,495 $1,650,902 $33,705,955 $336,593
2018 $3,737,525 $1,331,076 $28,911,495 $2,406,449
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