MICHIGAN HEALTH INFORMATION NETWOR… - 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

TIMOTHY PLETCHER

Phone

5173365714

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN HEALTH INFORMATION NETWORK SHARED SERVICES, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $47.3M in total revenue in fiscal year 2023.

Mission

THE MICHIGAN HEALTH INFORMATION NETWORK (MIHIN) SHARED SERVICES IS A PUBLIC AND PRIVATE COLLABORATION DEDICATED TO IMPROVING THE HEALTHCARE EXPERIENCE, IMPROVING QUALITY AND DECREASING COST FOR MICHIGAN'S PEOPLE BY SUPPORTING THE STATE WIDE EXCHANGE OF HEALTH INFORMATION AND MAKING VALUABLE DATA AVAILABLE AT THE POINT OF CARE.

Program Service Accomplishments

Program 1

Expenses: $37,234,566 Revenue: $47,317,288

EXCHANGE OF HEALTH INFORMATION AND DATA

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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 $47,317,288

Investment Income $352

Other Revenue $-32,658

TOTAL REVENUE $47,284,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,948,292

Fundraising Expenses $0

Program Expenses $37,234,566

Other Expenses $29,166,345

TOTAL EXPENSES $47,114,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,284,982	$47,414,968	0.0%
Expenses	$47,114,637	$46,859,080	+0.0%
Net Income	$170,345	$555,888	-0.7%

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

146

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

$770,752

Total Directors

$32,400

Key Employees

$1,990,991

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY PLETCHER	EXECUTIVE DI	40.50	Officer	$459,262	$45,200	$504,462
JACQUELYN PORTER	COO	40.00	Key Emp	$238,276	$45,346	$397,850
MARLEN WOODRUFF	EXEC. VP & C	40.50	Key Emp	$356,200	$35,737	$391,937
BHARAT GANDHI	CHIEF LEGAL	40.50	Key Emp	$331,163	$33,547	$364,710
ISABELL PACHECO	CAO	40.00	Key Emp	$327,943	$36,353	$364,296
RICHARD FISH	CHIEF TECH O	0.00		$0	$47,418	$346,606
STEPHANIE SCHULTZ	CFO	40.50	Officer	$224,295	$41,995	$266,290
MATTHEW ENGLEHART	SNR PRODUCT	40.00	Key Emp	$207,746	$41,089	$248,835
DENNIS SHERBA	DIRECTOR OF	40.00	Highest	$191,609	$39,887	$231,496
KATIE GOULETTE	VP, STRATEGI	40.00	Key Emp	$205,228	$18,135	$223,363
CHRIS BAILEY	DIR. OF ENGA	40.00	Highest	$166,087	$38,212	$204,299
CHRIS WHITWORTH	DIR. CLOUD S	40.00	Highest	$170,677	$31,525	$202,202
OLIVER STRONG	TECH & SECUR	40.00	Highest	$167,726	$33,825	$201,551
SHREYA PATEL	CHIEF POLICY	40.00	Highest	$164,318	$33,643	$197,961
LARRY WAGENKNECHT	BOARD CHAIR	2.00	Director	$5,100	$0	$5,100
HELEN HILL	BOARD MEMBER	2.00	Director	$4,700	$0	$4,700
DR SCOTT MONTEITH	BOARD MEMBER	2.00	Director	$3,500	$0	$3,500
JOHN VISMARA	BOARD MEMBER	2.00	Director	$3,400	$0	$3,400
DR GREG FORZLEY	VICE CHAIR	2.00	Director	$3,300	$0	$3,300
SHARON THEUT	BOARD MEMBER	2.00	Director	$3,200	$0	$3,200
DENNIS SMITH	BOARD SECRET	2.00	Director	$3,000	$0	$3,000
DR FAIYAZ SYED	BOARD MEMBER	2.00	Director	$3,000	$0	$3,000
JIM LEE	BOARD MEMBER	2.00	Director	$2,500	$0	$2,500
PATRICIA RINVELT	PT. YR. BOAR	2.00	Director	$700	$0	$700
DR KEVIN BOHNSACK	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JEROME FINKEL	BOARD TREASU	2.00	Director	$0	$0	$0
ELIZABETH HERTEL	PT. YR BOARD	2.00	Director	$0	$0	$0
MICHELLE ILITCH	PT. YR. BOAR	2.00	Director	$0	$0	$0
BRIAN KEISLING	BOARD MEMBER	2.00	Director	$0	$0	$0
DR THOMAS SIMMER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
SONDRA PEDIGO	BOARD MEMBER	2.00	Director	$0	$0	$0
JANEE TYUS	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$47,284,982	$47,114,637	$17,785,628	$170,345
2023	$47,414,968	$46,859,080	$15,816,529	$555,888
2022	$44,409,220	$50,558,931	$17,510,932	$-6,149,711
2021	$41,944,426	$45,271,593	$16,978,463	$-3,327,167
2020	$27,164,289	$30,450,234	$11,633,055	$-3,285,945
2019	$20,907,462	$20,080,947	$9,323,409	$826,515
2018	$17,879,555	$17,272,118	$9,098,884	$607,437

MICHIGAN HEALTH INFORMATION NETWORK SHARED SERVICES