MYMICHIGAN MEDICAL CENTER MIDLAND

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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

1940

Legal Domicile

Principal Officer

CHUCK SHERWIN

Phone

9898379039

Tax Period

2022-07-01 to 2023-06-30

MYMICHIGAN MEDICAL CENTER MIDLAND, founded in 1940, is a major nonprofit in the Health Care sector that reported $620.5M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $553,211,977 Revenue: $589,802,079

MYMICHIGAN MEDICAL CENTER MIDLAND PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO MIDLAND AND ITS SURROUNDING COUNTIES. 12,740 INPATIENT ADMISSIONS AND 341,363 OUTPATIENT VISITS WERE PROVIDED IN FISCAL YEAR 2023. CARE IS PROVIDED WITHOUT RESPECT TO A PATIENT'S ABILITY TO PAY.

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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 $12,540,434

Program Service Revenue $582,868,987

Investment Income $9,232,807

Other Revenue $15,894,934

TOTAL REVENUE $620,537,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,774,675

Fundraising Expenses $578,024

Program Expenses $553,211,977

Other Expenses $399,937,610

TOTAL EXPENSES $617,712,285

Year-over-Year Comparison

	2022	2021	Change
Revenue	$620,537,162	$744,742,068	-0.2%
Expenses	$617,712,285	$565,362,016	+0.1%
Net Income	$2,824,877	$179,380,052	-1.0%

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

3765

Volunteers

214

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

$1,465,441

Total Directors

$4,013,233

Key Employees

$655,748

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGERS GREGORY	DIRECTOR (PART YEAR)	2.00	Director	$0	$263,807	$1,821,935
SHERWIN CHUCK	PRESIDENT	2.00	Officer Director	$0	$111,973	$751,783
ROSE MICHAEL	SECRETARY/TREASURER	2.00	Officer	$0	$45,209	$713,658
CROSS BRYAN	DIRECTOR (PART YEAR)	2.00	Director	$0	$81,554	$711,945
FIREMAN MD MARK	PHYSICIAN	50.00	Highest	$644,669	$24,436	$669,105
PADGETT FRANCINE	FORMER SENIOR VP/TREAS/SECRETARY	0.00		$0	$0	$481,585
RICHARDSON JONATHAN	CRNA	50.00	Highest	$421,234	$43,654	$464,888
HAMEL MD REMI	PHYSICIAN	50.00	Highest	$430,105	$22,940	$453,045
LIEBERMAN DO JOHN	DIRECTOR	2.00	Director	$0	$33,482	$439,918
KUHN MD MARGUERITTE	VP MEDICAL AFFAIRS	2.00	Highest	$408,888	$30,130	$439,018
VADAKATH SUNITA	SENIOR VP AND CSO	50.00	Highest	$422,781	$11,794	$434,575
TERRELL TAMMY	CNO	50.00	Key Emp	$407,770	$25,559	$433,329
BECKER MD ERIC	DIRECTOR (PART YEAR)	50.00	Director	$260,839	$13,213	$274,052
WOOD THOMAS	VP OF NURSING	50.00	Key Emp	$213,900	$8,519	$222,419
NEWMAN MD JEFF	DIRECTOR (PART YEAR)	2.00	Director	$13,600	$0	$13,600
MORTENSEN SHARON	CHAIR	2.00	Officer Director	$0	$0	$0
GRANSDEN BRIDGETTE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BACZEWSKI KIMBERLEE	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
CARMONEY CRAIG	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
DORRIEN GREG	DIRECTOR	2.00	Director	$0	$0	$0
FORD NICOLE	DIRECTOR	2.00	Director	$0	$0	$0
LAMB NANCY	DIRECTOR	2.00	Director	$0	$0	$0
NILLES PAULA	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
REARDON SANDY	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
SOSOLIK MD RANDOLPH	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
STAMAS TONY	DIRECTOR	2.00	Director	$0	$0	$0
THOMPSON MD MARGARET	DIRECTOR (PART YEAR)	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$620,537,162	$617,712,285	$1,038,262,746	$2,824,877
2022	$744,742,068	$565,362,016	$994,314,772	$179,380,052
2021	$584,746,990	$546,225,619	$1,093,598,494	$38,521,371
2020	$519,314,137	$477,901,846	$835,141,007	$41,412,291
2019	$483,794,335	$420,516,338	$743,891,018	$63,277,997
2018	$458,629,602	$392,612,893	$679,353,409	$66,016,709