MACKINAC STRAITS HEALTH SYSTEM INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JASON ANDERSON

Phone

9066438585

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

PROVIDING QUALITY HEALTHCARE TO THE FAMILIES AND COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $63,804,105 Revenue: $82,925,901

MACKINAC STRAITS HEALTH SYSTEM INC. OPERATES A 15-BED ACUTE CARE FACILITY, A 48-BED LONG-TERM CARE UNIT, AND SEVERAL PHYSICIAN CLINICS IN MACKINAC COUNTY, MICHIGAN. THE HEALTH SYSTEM PROVIDES...

MACKINAC STRAITS HEALTH SYSTEM INC. OPERATES A 15-BED ACUTE CARE FACILITY, A 48-BED LONG-TERM CARE UNIT, AND SEVERAL PHYSICIAN CLINICS IN MACKINAC COUNTY, MICHIGAN. THE HEALTH SYSTEM PROVIDES COMPREHENSIVE INPATIENT, OUTPATIENT, EMERGENCY, AND PHYSICIAN SERVICES TO THE RESIDENTS OF MACKINAC COUNTY AND THE SURROUNDING AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,985,441

Program Service Revenue $81,004,841

Investment Income $522,196

Other Revenue $2,474,046

TOTAL REVENUE $89,986,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,368,883

Fundraising Expenses $0

Program Expenses $63,804,105

Other Expenses $41,557,052

TOTAL EXPENSES $77,925,935

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

448

Volunteers

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

$1,749,575

Total Directors

$1,552,807

Key Employees

Highest Compensated

reported

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

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	$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