ADVANTAGE HEALTHSAINT MARY'S MEDIC… - Form 990 Financial Data

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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

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

WE, ADVANTAGE HEALTH/SAINT MARY'S MEDICAL GROUP AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.ADVANTAGE HEALTH/SAINT MARY'S MEDICAL GROUP (AH/SMMG) IS A MEMBER OF TRINITY HEALTH-MICHIGAN AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $117,703,630 Revenue: $128,060,813

ADVANTAGE HEALTH/SAINT MARY'S MEDICAL GROUP ("AH/SMMG"), DBA TRINITY HEALTH MEDICAL GROUP, IS A MULTI-SPECIALTY PHYSICIAN NETWORK THAT EMPLOYS MORE THAN 800 PHYSICIANS AND ADVANCED PRACTICE...

ADVANTAGE HEALTH/SAINT MARY'S MEDICAL GROUP ("AH/SMMG"), DBA TRINITY HEALTH MEDICAL GROUP, IS A MULTI-SPECIALTY PHYSICIAN NETWORK THAT EMPLOYS MORE THAN 800 PHYSICIANS AND ADVANCED PRACTICE PROFESSIONALS IN THE GRAND RAPIDS MARKET. DURING THE FISCAL YEAR 2023, MORE THAN 582,000 OUTPATIENT VISITS WERE HANDLED BY AH/SMMG PROVIDERS. ADDITIONALLY, AH/SMMG PROVIDES ESSENTIAL PHYSICIAN SERVICES TO TRINITY HEALTH GRAND RAPIDS HOSPITAL (A MICHIGAN 501(C)(3) HOSPITAL). AH/SMMG'S PHYSICIAN EMPLOYEES WORK IN HOSPITAL CLINICS TO PROVIDE CHARITY CARE TO THE UNINSURED. AH/SMMG PARTICIPATES IN MEDICARE AND MEDICAID PLANS AND OPERATES UNDER A CHARITY CARE POLICY THAT MAKES AH/SMMG'S SERVICES AVAILABLE TO INDIVIDUALS WHO DO NOT HAVE INSURANCE OR MEDICAID COVERAGE AND ARE UNABLE TO PAY FOR MEDICAL SERVICES. AH/SMMG PROVIDES NUMEROUS ADDITIONAL SERVICES TO THE COMMUNITY, INCLUDING PARTICIPATING IN THE EDUCATION OF HEALTH CARE PROFESSIONALS, PARTICIPATING IN COMMUNITY WELLNESS AND HEALTH FAIRS AND PUBLIC SCREENING EVENTS, AND PROVIDING FREE MEDICAL SUPPLIES TO THE EMPLOYEES' MISSION EFFORT.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.TRINITYHEALTHMICHIGAN.ORG

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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 (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

Governance

Voting Members

Independent Members

Employees

824

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

$3,108,113

Total Directors

$5,602,785

Key Employees

$761,506

Highest Compensated

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

ADVANTAGE HEALTHSAINT MARY'S MEDICAL GROUP