ST IGNACE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MACKINAC STRAITS HEALTH SYSTEM INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $90.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $77.9M left a modest 13% surplus.
MACKINAC STRAITS HEALTH SYSTEM WILL BE A DESTINATION HEALTH SYSTEM, DELIVERING THE BEST CARE AND INVESTING IN COMMUNITY WELLNESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $89,986,524 | $80,377,937 | +0.1% |
| Expenses | $77,925,935 | $71,831,353 | +0.1% |
| Net Income | $12,060,589 | $8,546,584 | +0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN MOFFAT | VICE CHIEF OF STAFF & PHYSICIAN | 40.00 |
Officer
Director
|
$597,047 | $39,203 | $636,250 |
| SUSAN STRICH | POST CHIEF OF STAFF | 40.00 |
Officer
Director
|
$471,301 | $69,288 | $540,589 |
| KAREN CHEESEMAN | CEO | 40.00 |
Officer
Director
|
$310,874 | $65,094 | $375,968 |
| ROBERT CURRIER | CHIEF OF STAFF | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORETTA LEJA | POST CHIEF OF STAFF/PHYSICIAN (THRU 4/2024) | 40.00 |
Director
|
$0 | $0 | $0 |
| STEVE AUTORE | CHAIRMAN OF BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK SHANNON | VICE CHAIRMAN OF BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK ELMBLAD | TREASURER OF THE BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGARET DOUD | SECRETARY OF BOARD | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PRENTISS BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN CROSS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE MCPHERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RD MUSSER III | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES NORTH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LYDIA WATSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON ANDERSON | CFO | 40.00 |
Officer
|
$150,442 | $46,326 | $196,768 |
| MATTHEW BOWES | PHYSICIAN | 40.00 |
Highest
|
$416,698 | $72,338 | $489,036 |
| AMY BOLMER | PHYSICIAN | 40.00 |
Highest
|
$380,579 | $51,561 | $432,140 |
| DAVID BOUSLOUGH | PHYSICIAN | 40.00 |
Highest
|
$349,484 | $45,138 | $394,622 |
| GREGORY HESSLER | PHYSICIAN | 40.00 |
Highest
|
$327,076 | $64,108 | $391,184 |
| MARVYN NERI | PHYSICIAN | 40.00 |
Highest
|
$319,988 | $37,979 | $357,967 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $89,986,524 | $77,925,935 | $75,206,076 | $12,060,589 |
| 2024 | $80,377,937 | $71,831,353 | $62,319,791 | $8,546,584 |
| 2023 | $69,313,339 | $64,654,395 | $54,852,998 | $4,658,944 |
| 2022 | $67,265,328 | $59,793,210 | $55,869,740 | $7,472,118 |
| 2021 | $58,908,352 | $53,750,704 | $52,539,258 | $5,157,648 |
| 2020 | $52,270,622 | $52,028,895 | $42,754,641 | $241,727 |
| 2019 | $48,061,161 | $47,606,997 | $42,516,020 | $454,164 |
| 2018 | $47,324,991 | $45,756,131 | $44,273,471 | $1,568,860 |
Compare MACKINAC STRAITS HEALTH SYSTEM INC with other nonprofits in Michigan and across the country.