MUNSON MEDICAL CENTER

EIN: 381362830 501(c)(3) Health Care

TRAVERSE CITY, MI

Total Revenue
$861,757,535
Total Expenses
$815,946,804
Total Assets
$443,393,381
Net Assets
$336,272,134
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
MI
Principal Officer
KATHLEEN LARAIA
Phone
2319355000
Tax Period
2024-07-01 to 2025-06-30

MUNSON MEDICAL CENTER, founded in 1947, is a major nonprofit in the Health Care sector that reported $861.8M in total revenue in fiscal year 2024. Expenses of $815.9M left a modest 5% surplus.

Mission

MUNSON MEDICAL CENTER AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.

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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 $18,551,771
Program Service Revenue $832,196,936
Investment Income $5,343,852
Other Revenue $5,664,976
TOTAL REVENUE $861,757,535

Expense Breakdown

Grants Paid $593,088
Salaries & Benefits $331,447,479
Fundraising Expenses $806,059
Program Expenses $693,380,436
Other Expenses $483,906,237
TOTAL EXPENSES $815,946,804

Year-over-Year Comparison

2024 2023 Change
Revenue $861,757,535 $851,681,224 +0.0%
Expenses $815,946,804 $831,829,916 0.0%
Net Income $45,810,731 $19,851,308 +1.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
16
Employees
4439
Volunteers
179

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
8
$1,448,226
Total Directors
23
$4,772,246
Key Employees
5
$2,836,811
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWIN A NESS DIRECTOR 2.00
Director
$0 $253,876 $2,922,871
GARY RAJAH JR MD NEUROSURGEON 40.00
Highest
$1,170,874 $45,376 $1,216,250
LAURA GLENN MHC SYSTEM C 2.00
Key Emp
$0 $111,766 $1,141,163
MICHAEL VANWAGNER DO ORTHOPEDIC S 38.00
Highest
$903,316 $29,957 $990,030
MICHAEL MCDONALD MD ORTHOPEDIC S 40.00
Highest
$913,667 $48,068 $961,735
JOHN CAMPBELL MD NEUROSURGEON 40.00
Highest
$872,694 $41,922 $914,616
JUSTINE PEARL MD NEUROSURGEON 40.00
Highest
$871,241 $20,069 $891,310
PAUL KONOPACKI CFO 2.00
Officer
$0 $92,977 $801,715
DINO RECCHIA MD DIRECTOR 0.00
Director
$0 $31,094 $746,394
JOE HURSHE PRESIDENT 40.00
Officer Director
$550,870 $65,641 $616,511
ELLEN SMITH PRESIDENT AM 2.00
Key Emp
$0 $9,670 $548,244
KATHLEEN LARAIA VP ONCOLOGY 2.00
Key Emp
$0 $59,521 $437,443
TAMARA PUTNEY RN CHIEF NURSIN 40.00
Key Emp
$381,988 $42,111 $424,099
VINCENT SCHULTZ MD DIRECTOR 0.00
Director
$0 $45,583 $401,470
ROBERT RICHARDSON VP FACILITIE 0.00
$0 $40,537 $361,641
BONNIE KRUSZKA CHIEF APP/CO 2.00
Key Emp
$0 $28,633 $285,862
KENNETH BLOEM CHAIR 0.00
Officer Director
$0 $0 $5,000
MATT BULLOCH DIRECTOR 0.00
Director
$0 $0 $5,000
NICK CEGLAREK DIRECTOR 0.00
Director
$0 $0 $5,000
KATHY DIXON DIRECTOR 0.00
Director
$0 $0 $5,000
JENNIFER KING DIRECTOR 0.00
Director
$0 $0 $5,000
KARL KLIMEK DIRECTOR 0.00
Director
$0 $0 $5,000
RUTH HOPPE MD V CHAIR 0.00
Officer Director
$0 $0 $5,000
DAVE MENGEBIER TREASURER 0.00
Officer Director
$0 $0 $5,000
KIM MORLEY DIRECTOR 0.00
Officer Director
$0 $0 $5,000
TIM NELSON SECRETARY 0.00
Officer Director
$0 $0 $5,000
ANDY PAGE DIRECTOR 0.00
Director
$0 $0 $5,000
BRIAN POSTMA DIRECTOR 0.00
Director
$0 $0 $5,000
OWEN ROBERTS DIRECTOR 0.00
Director
$0 $0 $5,000
MARY SANDERS DIRECTOR 0.00
Director
$0 $0 $5,000
KRISTINE THOMAS DIRECTOR 0.00
Director
$0 $0 $5,000
TOM VERYSER DIRECTOR 0.00
Director
$0 $0 $5,000
ELAINE WOOD DIRECTOR 0.00
Officer Director
$0 $0 $5,000
DAVID MCCURDY DIRECTOR 0.00
Director
$0 $0 $0
SAKURA TAKANO DIRECTOR 0.00
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 $861,757,535 $815,946,804 $443,393,381 $45,810,731
2024 $851,681,224 $831,829,916 $445,423,910 $19,851,308
2023 $746,553,663 $766,593,955 $436,005,915 $-20,040,292
2022 $778,067,790 $724,619,492 $1,237,623,415 $53,448,298
2021 $752,883,085 $658,232,757 $1,240,001,316 $94,650,328
2020 $704,087,969 $637,120,025 $1,127,601,262 $66,967,944
2018 $652,747,521 $582,669,211 $892,577,802 $70,078,310
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