MCLAREN FLINT FOUNDATION

EIN: 381358053 501(c)(3) Health Care

FLINT, MI

Total Revenue
$4,053,083
Total Expenses
$6,533,444
Total Assets
$66,006,298
Net Assets
$64,704,204
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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
1919
Legal Domicile
MI
Principal Officer
FRED KORTE
Phone
8103422000
Tax Period
2023-10-01 to 2024-09-30

MCLAREN FLINT FOUNDATION, founded in 1919, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 61% operating deficit.

Mission

FUND RESEARCH PROJECTS AND PROVIDE FUNDS TO MCLAREN FLINT FOR OPERATING OR CAPITAL PURCHASES

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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 $2,746,462
Program Service Revenue $108,981
Investment Income $1,235,204
Other Revenue $-37,564
TOTAL REVENUE $4,053,083

Expense Breakdown

Grants Paid $5,297,302
Salaries & Benefits $0
Fundraising Expenses $279,439
Program Expenses $5,702,579
Other Expenses $1,236,142
TOTAL EXPENSES $6,533,444

Year-over-Year Comparison

2023 2022 Change
Revenue $4,053,083 $3,162,880 +0.3%
Expenses $6,533,444 $5,219,203 +0.3%
Net Income $-2,480,361 $-2,056,323 +0.2%
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
12
Independent Members
6
Employees
N/A
Volunteers
137

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
6
$1,956,912
Total Directors
12
$3,261,959
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CANDELA TRUSTEE-PRESIDENT/CEO 0.30
Officer Director
$0 $41,900 $1,014,723
FRED KORTE TRUSTEE-TREASURER 0.30
Officer Director
$0 $25,247 $492,418
HESHAM GAYAR TRUSTEE 0.30
Director
$0 $0 $1,100,717
RAYMOND RUDONI TRUSTEE-SECRETARY 0.30
Officer Director
$0 $6,966 $173,455
MARIE WADECKI TRUSTEE-VICE CHARIMAN 0.30
Officer Director
$0 $0 $0
STEVE COOK TRUSTEE-CHAIRMAN 0.30
Officer Director
$0 $0 $0
LAKSHMI TUMMALA TRUSTEE 0.30
Director
$0 $0 $0
LINDA LAWRENCE TRUSTEE 0.30
Director
$0 $0 $0
MARK MILLER TRUSTEE 0.30
Director
$0 $0 $0
LUCY HAM TRUSTEE 0.30
Director
$0 $0 $0
LAURIE PROCHAZKA TRUSTEE 0.30
Director
$0 $10,403 $127,539
PRABHAT POKHREL TRUSTEE 0.03
Director
$0 $25,617 $353,107
DOUGLAS GLAZIER VP DIRECTOR - FOUNDATION 0.30
Officer
$0 $33,957 $276,316
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 $4,053,083 $6,533,444 $66,006,298 $-2,480,361
2023 $3,162,880 $5,219,203 $60,488,097 $-2,056,323
2023 $3,162,880 $5,219,203 $60,488,097 $-2,056,323
2022 $3,425,116 $3,357,094 $60,669,501 $68,022
2021 $3,196,749 $2,434,661 $71,800,675 $762,088
2020 $2,781,806 $2,118,624 $63,065,453 $663,182
2019 $3,002,780 $2,054,903 $61,468,102 $947,877
2018 $3,814,391 $6,476,229 $61,453,417 $-2,661,838
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