Bronson Lakeview Hospital

EIN: 381359218 501(c)(3) Health Care

KALAMAZOO, MI

Total Revenue
$94,013,516
Total Expenses
$88,472,658
Total Assets
$91,489,621
Net Assets
$79,128,840
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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
2007
Legal Domicile
MI
Phone
2693416000
Tax Period
2024-01-01 to 2024-12-31

Bronson Lakeview Hospital, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $94.0M in total revenue in fiscal year 2024. Expenses of $88.5M left a modest 6% surplus.

Mission

TOGETHER, WE ADVANCE THE HEALTH OF OUR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,548
Program Service Revenue $91,507,223
Investment Income $1,975,436
Other Revenue $486,309
TOTAL REVENUE $94,013,516

Expense Breakdown

Grants Paid $15,000,000
Salaries & Benefits $42,312,224
Fundraising Expenses $0
Program Expenses $81,827,056
Other Expenses $31,160,434
TOTAL EXPENSES $88,472,658

Year-over-Year Comparison

2024 2023 Change
Revenue $94,013,516 $91,595,424 +0.0%
Expenses $88,472,658 $69,635,071 +0.3%
Net Income $5,540,858 $21,960,353 -0.7%
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
18
Independent Members
16
Employees
425
Volunteers
29

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
11
$8,720,891
Total Directors
21
$4,984,470
Key Employees
2
$965,585
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Manns President and CEO 4.6
Officer Director
$0 $1,513,385 $3,569,592
James Jr Liggins Vice Chair 1.0
Officer Director
$0 $0 $0
Michael Odar Treasurer 1.0
Officer Director
$0 $0 $0
Neil Nyberg Secretary 1.0
Officer Director
$0 $0 $0
Nelson Karre Chair 1.0
Officer Director
$0 $0 $0
Brenda Hunt Director 1.0
Director
$0 $0 $0
Donald Parfet Director 1.0
Director
$0 $0 $0
Erick Stewart Director 1.0
Director
$0 $0 $0
Jorge Gonzalez Director 1.0
Director
$0 $0 $0
Katy Fink Director (THRU 12/2024) 1.0
Director
$0 $0 $0
La June Montgomery Tabron Director (THRU 12/2024) 1.0
Director
$0 $0 $0
Lynn Chen-Zhang Director 1.0
Director
$0 $0 $0
Mahesh C Karamchandani Director (THRU 12/2024) 4.6
Director
$0 $38,120 $836,534
Marshall L Washington Director 1.0
Director
$0 $0 $0
Namita Sharma Director 1.0
Director
$0 $0 $1,440
Randall Eberts Director 1.0
Director
$0 $0 $1,440
Richard Allen Director 1.0
Director
$0 $0 $0
Robert IV Nicholson System Vice Chief of Staff 1.0
Director
$0 $0 $0
Scott Gibson MD Director 1.0
Director
$0 $0 $7,090
Steven J Lins MD Director/System Chief of Staff 1.0
Director
$0 $0 $0
William Workman Director/System Vice Chief of Staff 4.6
Director
$0 $38,435 $568,374
Cheryl Johnson Sr VP Chief People Officer 4.6
Officer
$0 $292,220 $880,822
James Falahee Sr VP Legal & Leg. Affairs 4.6
Officer
$0 $338,911 $1,085,458
Michael S Way Sr VP Mat. Mgt. & Facility Svs. 4.6
Officer
$0 $215,563 $649,285
Rebecca L East Sr VP CFO 4.6
Officer
$0 $405,311 $1,292,055
Scott Larson MD Sr VP Medical Affairs/CMO 4.6
Officer
$0 $37,160 $572,846
Susan Reinoehl Sr VP Strategy & Comm 4.6
Officer
$0 $212,571 $670,833
Christine Sangalli-Davis VP Chief Compliance Officer 4.6
Key Emp
$0 $76,107 $372,860
Matthew Dommer Vice President, COO/VPMA - BLH/BSHH 10.0
Key Emp
$494,695 $98,030 $592,725
Dexter Fossitt Internal Medicine 40.0
Highest
$291,353 $34,187 $325,540
Hariton Kousourou Physician 40.0
Highest
$354,979 $31,369 $386,348
Nadeem Mirza Psychiatry 40.0
Highest
$341,907 $36,060 $377,967
Nilay Gandhi Physician 40.0
Highest
$302,375 $20,759 $323,134
Tamayi Bwititi Physician 40.0
Highest
$293,785 $29,797 $323,582
John Jones JR Former Sr VP Community Care (THRU 2020) 0.0
$0 $0 $122,357
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 $94,013,516 $88,472,658 $91,489,621 $5,540,858
2023 $91,595,424 $69,635,071 $84,853,879 $21,960,353
2022 $77,135,949 $64,462,310 $71,877,677 $12,673,639
2021 $77,608,050 $60,853,875 $57,372,816 $16,754,175
2020 $64,642,217 $55,548,760 $42,021,985 $9,093,457
2019 $63,573,193 $58,701,743 $28,712,303 $4,871,450
2018 $55,220,520 $57,348,052 $22,288,276 $-2,127,532
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