MCLAREN FLINT FOUNDATION

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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

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

Program Service Accomplishments

Program 1

Expenses: $5,702,579 Revenue: $108,981

FUNDS PROVIDED TO MCLAREN FLINT TO FUND RESEARCH PROJECTS OF THE MEDICAL CENTER, SUPPORT FELLOWSHIP PROGRAMS, CHARITY SUPPORT TO MCLAREN FLINT, SCHOLARSHIP PROGRAMS, AND MATCH LITTLE CHANGE PROGRAM OF MCLAREN FLINT. THEY ALSO PROVIDE LODGING TO PATIENTS AND FAMILIES UNDERGOING CARE AT MCLAREN FLINT.

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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 $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

Governance

Voting Members

Independent Members

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

$1,956,912

Total Directors

$3,261,959

Key Employees

Highest Compensated

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