ALLEGAN PROFESSIONAL HEALTH SERVICES INC

EIN: 205800012 501(c)(3)

ALLEGAN, MI

Total Revenue
$2,615,308
Total Expenses
$4,106,205
Total Assets
N/A
Net Assets
N/A
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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
2007
Legal Domicile
MI
Principal Officer
KATHY CHAPMAN
Phone
2696864101
Tax Period
2018-01-01 to 2018-12-31

ALLEGAN PROFESSIONAL HEALTH SERVICES INC, founded in 2007, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2018. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 57% operating deficit.

Mission

HEALTHCARE

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,420,582
Investment Income $1,809
Other Revenue $192,917
TOTAL REVENUE $2,615,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,403,044
Fundraising Expenses $0
Program Expenses $3,143,746
Other Expenses $703,161
TOTAL EXPENSES $4,106,205

Year-over-Year Comparison

2018 2017 Change
Revenue $2,615,308 $5,515,391 -0.5%
Expenses $4,106,205 $8,992,201 -0.5%
Net Income $-1,490,897 $-3,476,810 -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
8
Independent Members
5
Employees
96
Volunteers
5

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
$596,477
Total Directors
8
$1,023,820
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD J BARBINI PRESIDENT 0.50
Officer Director
$0 $65,285 $355,288
JIM MUENZER CHAIR 0.50
Officer Director
$0 $0 $0
JIM CONNELL VICE CHAIR 0.50
Officer Director
$0 $0 $0
PAUL ANTON HODGE SECRETARY 0.50
Officer Director
$0 $0 $0
JAN LOVEJOY TREASURER 0.50
Officer Director
$0 $0 $0
STEVE MCKOWN MEMBER 0.50
Director
$0 $0 $0
DR LOUIS PRAAMSMA MEMBER 40.00
Director
$195,449 $29,541 $324,518
DR RACHEL VANDENBRINK MEMBER 40.00
Director
$206,516 $24,648 $344,014
SHELLY WOODY WHITE III INTERIM CFO 0.50
Officer
$0 $49,020 $239,020
RICHARD HARNING AGH CFO - PART YEAR 0.50
Officer
$0 $1,006 $2,169
DR SARA FRANZEN PHYSICIAN 40.00
Highest
$149,969 $14,810 $251,424
DR WILLIAM DAVIS PHYSICIAN 40.00
Highest
$131,551 $28,028 $233,581
DR ERIBERTO CARRION PHYSICIAN 40.00
Highest
$127,399 $27,195 $224,893
DR KENNETH FORSMAN PHYSICIAN 40.00
Highest
$127,252 $26,230 $227,016
DR LEONORA DIAZ-SANABIA PHYSICIAN 40.00
Highest
$129,406 $10,332 $139,738
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
2018 $2,615,308 $4,106,205 No data $-1,490,897
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