ADVANTAGE HEALTHSAINT MARY'S MEDICAL GROUP

EIN: 272491974 501(c)(3) Health Care

GRAND RAPIDS, MI

Total Revenue
$129,317,129
Total Expenses
$132,993,903
Total Assets
$30,825,314
Net Assets
$-61,161,806
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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
2010
Legal Domicile
MI
Principal Officer
CYNTHIA ELLIOTT
Phone
6166851800
Tax Period
2022-07-01 to 2023-06-30

ADVANTAGE HEALTHSAINT MARY'S MEDICAL GROUP, founded in 2010, is a major nonprofit in the Health Care sector that reported $129.3M in total revenue in fiscal year 2022.

Mission

TO PROVIDE HEALTH CARE SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $750,000
Program Service Revenue $117,135,700
Investment Income $506,316
Other Revenue $10,925,113
TOTAL REVENUE $129,317,129

Expense Breakdown

Grants Paid $51,435
Salaries & Benefits $108,654,299
Fundraising Expenses $0
Program Expenses $117,703,630
Other Expenses $24,288,169
TOTAL EXPENSES $132,993,903

Year-over-Year Comparison

2022 2021 Change
Revenue $129,317,129 $134,898,220 0.0%
Expenses $132,993,903 $127,061,563 +0.0%
Net Income $-3,676,774 $7,836,657 -1.5%
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
11
Independent Members
1
Employees
824
Volunteers
3

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
8
$3,108,113
Total Directors
18
$5,602,785
Key Employees
2
$761,506
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY ALLORE DIRECTOR; PRESIDENT TH MUSKEGON 1.00
Director
$0 $53,918 $751,269
ROLF HISSOM MD DIRECTOR; PHYSICIAN 50.00
Director
$615,950 $49,019 $664,969
JILL ONESTI MD DIRECTOR THROUGH 12/22; PHYSICIAN 49.00
Director
$521,230 $44,709 $565,939
SHAUN RALEIGH DIR & TH MI VP POP HEALTH THR 5/23 1.00
Director
$0 $51,881 $488,859
HERMAN SULLIVAN MD DIRECTOR AS OF 1/23; PHYSICIAN 50.00
Director
$381,246 $44,005 $425,251
MICHELLE KLANKE DO DIR; V CHAIR AS OF 1/23; PHYSICIAN 50.00
Officer Director
$326,484 $54,144 $380,628
LISA KINSEY CALLAWAY MD DIR & CHAIR THR 12/22; PHYSICIAN 50.00
Officer Director
$332,906 $20,590 $353,496
MADHURI KAKARALA MD DIRECTOR AS OF 1/23; PHYSICIAN 50.00
Director
$299,909 $39,117 $339,026
MICHAEL BANKA MD DIRECTOR THROUGH 12/22; PHYSICIAN 50.00
Director
$252,454 $46,290 $298,744
KAREN KENNEDY MD DIR;VCHAIR THR12/22;CHR&PHYS THR3/23 50.00
Officer Director
$257,697 $26,361 $284,058
MARTIN ARAMBURU MD DIRECTOR; PHYSICIAN 50.00
Director
$218,975 $42,359 $261,334
JARRAD UTTER MD DIRECTOR; PHYSICIAN 50.00
Director
$196,339 $34,104 $230,443
AILEEN ANTONIO MD DIRECTOR; PHYSICIAN 50.00
Director
$217,055 $11,627 $228,682
TIMOTHY GAWRONSKI PA-C DIRECTOR; CHAIR AT 3/23; PHYS ASST 40.00
Officer Director
$153,737 $32,786 $186,523
KEVIN HENGEVELD DNP DIRECTOR; NURSE PRACTITIONER 40.00
Director
$107,922 $35,642 $143,564
ZANETA ADAMS DIRECTOR THR 3/23; COMMUNITY MEMBER 1.00
Director
$0 $0 $0
VANESSA GREENE DIRECTOR AS OF 1/23; COMM MEMBER 1.00
Director
$0 $0 $0
ROBERT HERR DIRECTOR THR 12/22; COMMUNITY MEMBER 1.00
Director
$0 $0 $0
CYNTHIA ELLIOTT PRESIDENT, TH MED GROUP AS OF 2/23 27.00
Officer
$0 $123,387 $669,371
KRISTEN WOODS MD PRESIDENT, TH MED GROUP THR 10/22 54.00
Officer
$0 $40,648 $538,041
DANIEL GREEN TREASURER; VP FINANCE TH GR RAPIDS 1.00
Officer
$0 $55,318 $438,570
CHRISTOPHER STEMLER SECRETARY; TH MI ASSOCIATE COUNSEL 1.00
Officer
$0 $37,578 $257,426
THOMAS FOSTER MD CHIEF MEDICAL OFFICER 50.00
Key Emp
$363,687 $43,893 $407,580
STACEY MERREN CHIEF OPERATING OFFICER 50.00
Key Emp
$315,001 $38,925 $353,926
JURGEN LUDERS MD PHYSICIAN - NEUROLOGICAL SURGERY 50.00
Highest
$1,411,039 $45,017 $1,456,056
STEVE KLAFETA MD PHYSICIAN - NEUROLOGICAL SURGERY 50.00
Highest
$1,006,363 $45,208 $1,051,571
BEHROOZ SHABAHANG MD PHYSICIAN - THORACIC SURGERY 50.00
Highest
$835,072 $44,000 $879,072
GEORGE GHUNEIM DO PHYSICIAN - CARDIOLOGY 50.00
Highest
$835,225 $38,984 $874,209
VINAYAK MANOHAR MD PHYSICIAN - CARDIOLOGY 50.00
Highest
$772,997 $43,102 $816,099
JAIME HALVERSON DO FORMER OFFICER; PHYSICIAN 50.00
$291,316 $49,341 $340,657
DAVID BLAIR MD FORMER OFFICER; PHYSICIAN 50.00
$142,683 $25,018 $167,701
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 No data No data No data No data
2024 No data No data No data No data
2023 $129,317,129 $132,993,903 $30,825,314 $-3,676,774
2022 $134,898,220 $127,061,563 $30,414,603 $7,836,657
2021 $121,541,625 $114,649,165 $29,994,901 $6,892,460
2020 $112,091,545 $128,163,608 $28,870,718 $-16,072,063
2019 $123,412,610 $115,992,603 $42,413,675 $7,420,007
2018 $82,519,439 $110,907,519 $29,829,213 $-28,388,080
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