NORTHERN MICHIGAN MEDICAL MANAGEMENT (EIN 208458840) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

GARFIELD ATCHISON

Phone

2314874094

Tax Period

2023-10-01 to 2024-09-30

NORTHERN MICHIGAN MEDICAL MANAGEMENT, founded in 2007, is a micro nonprofit in the Health Care sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $387K exceeded revenue, resulting in a 1558% operating deficit.

Mission

PROVIDE PROFESSIONAL SERVICES FOR THE DIAGNOSIS AND TREATMENT OF NEUROSURGERY ALONG WITH HOSPITAL SUPPORTED DEPARTMENTS IN CHEBOYGAN EMERGENCY ROOM, ADULT HOSPITALISTS, ACUTE REHAB, AND PEDIATRIC HOSPITALISTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,130

Investment Income $0

Other Revenue $203

TOTAL REVENUE $23,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $386,790

Other Expenses $386,810

TOTAL EXPENSES $386,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,333	$3,924,272	-1.0%
Expenses	$386,810	$11,089,437	-1.0%
Net Income	$-363,477	$-7,165,165	-0.9%

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

Governance

Voting Members

Independent Members

N/A

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

$1,754,826

Total Directors

$837,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PRUSAITIS	TREASURER/VP FINANCE/CFO	5.00	Officer Director	$0	$32,264	$336,090
SHARI A SCHULT	VP OPERATIONS & SECRETARY-PART YEAR	10.00	Officer Director	$0	$13,719	$261,623
DAVID MONAN	VP PATIENT CARE SVCS CNO	0.00	Officer Director	$0	$27,522	$204,625
GARFIELD ATCHISON	CHAIRMAN & PRESIDENT/CEO	1.00	Officer Director	$0	$2,770	$35,615
ANDREW M MCDONAGH	VP - CMO - PART YEAR	15.00	Officer	$0	$38,573	$409,675
BRETT MALLEK	VP HR	1.00	Officer	$0	$13,601	$289,790
JULIE JAREMA	VP PHILANTHROPY	10.00	Officer	$0	$27,594	$217,408
JOHN KENNEDY	VP - CMO - START 2024	1.00	Officer	$0	$0	$0
JENNIFER WOODS	FORMER TRUSTEE & VP - CNO	2.50		$0	$729	$36,324
TODD BURCH	CHAIRMAN & PRESIDENT/CEO	2.00		$0	$33,953	$568,373
LAURA DANIEL	FORMER VP PATIENT SVCS CNO	1.00		$0	$10,024	$138,173
DEBBIE ROSENBURG	FORMER VP OF HUMAN RESOURCES	5.00		$0	$0	$126,357

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	$23,333	$386,810	$577,857	$-363,477
2023	$3,924,272	$11,089,437	$2,909,497	$-7,165,165
2023	$3,924,272	$11,089,437	$2,909,497	$-7,165,165
2022	$2,357,213	$9,398,403	$470,279	$-7,041,190
2021	$1,767,851	$9,726,118	$2,238,273	$-7,958,267
2020	$16,197,266	$17,790,266	$3,170,170	$-1,593,000
2019	$16,285,029	$18,382,756	$2,582,648	$-2,097,727
2018	$16,119,629	$27,396,688	$1,239,951	$-11,277,059

NORTHERN MICHIGAN MEDICAL MANAGEMENT