MIDLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASCENSION ST MARY'S HOSPITAL, founded in 1874, is a major nonprofit in the Health Care sector that reported $282.2M in total revenue in fiscal year 2023. Expenses of $336.3M exceeded revenue, resulting in a 19% operating deficit.
ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. ASCENSION ST. MARY'S HOSPITAL is a 232-bed hospital campus providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2024, ASCENSION ST. MARY'S HOSPITAL treated 6,997 adults and children for a total of 34,080 patient days of service. The hospital also provided services for 413,398 outpatient visits, which included 2,309 outpatient surgeries and 34,938 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $282,152,902 | $282,887,507 | 0.0% |
| Expenses | $336,286,034 | $349,979,155 | 0.0% |
| Net Income | $-54,133,132 | $-67,091,648 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CAROL L SCHMIDT | MINISTRY MARKET EXECUTIVE/PRESIDENT | 0.0 |
Officer
Director
|
$0 | $93,945 | $2,555,848 |
| JAMES BOLES MD | SECRETARY/TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| LESLIE A MURPHY CPA | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| RENEE BRANCH CANADY | VICE CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| AVEC O'BRIEN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID SAUNDERS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES BAILEY BABEL MD | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $8,324 |
| JEFFERY ZAKS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| KENNETH STREIBEL | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| PHYLLIS D MEADOWS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| RAJESH U KOTHARI | DIRECTOR (END 12/2023) | 1.0 |
Director
|
$0 | $0 | $0 |
| SUSAN POZO | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL MCCULLOUGH | CFO, MINISTRY MARKET | 0.0 |
Officer
|
$0 | $41,393 | $956,345 |
| STEPHANIE J DUGGAN MD | PRESIDENT (END 11/2023) | 50.0 |
Officer
|
$946,442 | $57,718 | $1,004,160 |
| DANIEL C SCHEFFER | VP, OPERATIONS | 50.0 |
Key Emp
|
$180,557 | $40,848 | $221,405 |
| JENNIFER A COBB | VP, OPERATIONS | 50.0 |
Key Emp
|
$222,599 | $47,887 | $330,994 |
| SHANE E HUNT RN | VP, NURSING | 50.0 |
Key Emp
|
$238,626 | $44,481 | $283,107 |
| SHARON LEAMAN-CASE | VP, OPERATIONS (END 5/2023) | 50.0 |
Key Emp
|
$300,993 | $9,594 | $310,587 |
| STEVEN T MCLEAN | CHIEF MEDICAL OFFICER | 50.0 |
Key Emp
|
$306,735 | $14,080 | $320,815 |
| ASIM YUNUS MD | PHYSICIAN | 50.0 |
Highest
|
$1,340,530 | $31,158 | $1,371,688 |
| JOSEPH G ADEL MD | PHYSICIAN | 50.0 |
Highest
|
$1,548,548 | $61,687 | $1,610,235 |
| NAMAN SALIBI MD | PHYSICIAN | 50.0 |
Highest
|
$1,168,307 | $48,932 | $1,217,239 |
| NATHAN KREBS MD | PHYSICIAN | 50.0 |
Highest
|
$1,099,161 | $48,507 | $1,147,668 |
| TAREK A TAHA MD | PHYSICIAN | 50.0 |
Highest
|
$1,414,502 | $58,902 | $1,473,404 |
| CLARK J HEADRICK MD | FORMER KEY EMPLOYEE (END 12/2022) | 0.0 |
|
$0 | $36,512 | $336,600 |
| DOUGLAS TODD MYERS | FORMER OFFICER (END 3/2023) | 0.0 |
|
$0 | $12,783 | $648,758 |
| JONATHAN SAMUEL NALLI FACHE | FORMER OFFICER (END 12/2022) | 0.0 |
|
$0 | $28,253 | $2,344,273 |
| NANCY A HAYWOOD | FORMER OFFICER (END 6/2022) | 0.0 |
|
$0 | $50,227 | $544,435 |
| RAGHURAM SARVEPALLI MD | FORMER KEY EMPLOYEE (END 12/2018) | 50.0 |
|
$358,273 | $43,555 | $401,828 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $282,152,902 | $336,286,034 | $223,947,203 | $-54,133,132 |
| 2023 | $282,887,507 | $349,979,155 | $207,898,310 | $-67,091,648 |
| 2022 | $301,978,334 | $364,854,637 | $216,888,776 | $-62,876,303 |
| 2021 | $315,852,448 | $346,487,307 | $245,668,247 | $-30,634,859 |
| 2020 | $261,296,635 | $312,167,757 | $183,188,270 | $-50,871,122 |
| 2019 | $255,447,685 | $283,246,205 | $190,897,275 | $-27,798,520 |
| 2018 | $257,395,012 | $293,056,945 | $153,015,167 | $-35,661,933 |
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