NORTHERN MICHIGAN HEMATOLOGY AND ONCOLOGY

EIN: 320020293 501(c)(3) Medical Research

PETOSKEY, MI

Total Revenue
$157
Total Expenses
$20
Total Assets
$191,822
Net Assets
$181,478
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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
2002
Legal Domicile
MI
Principal Officer
GARFIELD ATCHISON
Phone
2314874094
Tax Period
2023-10-01 to 2024-09-30

NORTHERN MICHIGAN HEMATOLOGY AND ONCOLOGY, founded in 2002, is a micro nonprofit in the Medical Research sector that reported $157 in total revenue in fiscal year 2023. Revenue surged 1021% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137, a strong 87% operating margin.

Mission

PROVIDE PROFESSIONAL SERVICES FOR THE DIAGNOSIS AND TREATMENT OF CANCER AND INFECTIOUS DISEASE AND RELATED CONDITIONS.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

AS OF OCTOBER 1, 2017, THE DIAGNOSIS AND TREATMENT OF INFECTIOUS DISEASES, CANCER, AND RELATED CONDITIONS ARE NOW CONDUCTED BY MCLAREN NORTHERN AND MCLAREN MEDICAL GROUP (MMG).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $157
Other Revenue $0
TOTAL REVENUE $157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $20
TOTAL EXPENSES $20

Year-over-Year Comparison

2023 2022 Change
Revenue $157 $14 +10.2%
Expenses $20 N/A N/A
Net Income $137 $14 +8.8%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$1,754,826
Total Directors
4
$837,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL PRUSAITIS TREASURER/VP OF FINANCE/CFO 2.00
Officer Director
$0 $32,264 $336,090
SHARI A SCHULT SECRETARY/VP OF OPERATIONS - PART YEAR 2.50
Officer Director
$0 $13,719 $261,623
GARFIELD ATCHISON CHAIRMAN & PRESIDENT/CEO 2.00
Officer Director
$0 $2,770 $35,615
DAVID MONAN VP PATIENT SVCS CNO 1.00
Officer Director
$0 $27,522 $204,625
ANDREW M MCDONAGH VP - CMO - PART YEAR 1.00
Officer
$0 $38,573 $409,675
JULIE JAREMA VP PHILANTHROPY 1.00
Officer
$0 $27,594 $217,408
BRETT MALLEK VP HR - PART YEAR 1.00
Officer
$0 $13,601 $289,790
JOHN KENNEDY VP - CMO - STARTED 2024 1.00
Officer
$0 $0 $0
JENNIFER WOODS SECRETARY/VP PATIENT CARE - FORMER 1.00
$0 $729 $36,324
TODD BURCH CHAIRMAN & PRESIDENT/CEO (PART YEAR) 2.00
$0 $33,953 $568,373
DEBBIE ROSENBURG VP HR - FORMER 1.00
$0 $0 $126,357
LAURA DANIEL VP PATIENT SVCS CNO - FORMER 1.00
$0 $10,024 $138,173
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 $157 $20 $191,822 $137
2023 $14 No data $199,366 No data
2023 $14 No data $199,366 No data
2022 $21 No data $235,859 No data
2021 $3 No data $371,484 No data
2020 No data No data $594,437 No data
2019 No data No data $992,962 No data
2018 No data No data $424,544 No data
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