MCLAREN PORT HURON

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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

1879

Legal Domicile

Principal Officer

ERIC CECAVA

Phone

8109893749

Tax Period

2023-10-01 to 2024-09-30

MCLAREN PORT HURON, founded in 1879, is a major nonprofit in the Health Care sector that reported $277.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $256.8M left a modest 8% surplus.

Mission

MCLAREN HEALTHCARE, THROUGH ITS SUBSIDIARIES, WILL BE THE BEST VALUE IN HEALTHCARE AS DEFINED BY QUALITY OUTCOMES AND COST.

Program Service Accomplishments

Program 1

Expenses: $197,061,096 Revenue: $259,508,734

FOR FISCAL YEAR OCTOBER 1, 2023 TO SEPTEMBER 30, 2024, MCLAREN PORT HURON PROVIDED HEALTH CARE SERVICES TO THE POOR AND TO THE BROADER COMMUNITY FOR WHICH THE COST OF PROVIDING SUCH SERVICES EXCEEDED THE RELATED REVENUE. CHARITY CARE IN THE AMOUNT OF $9,288,613 WAS PROVIDED DURING THE YEAR. MCLAREN PORT HURON PROVIDED $578,817,524 IN THIRD PARTY DISCOUNTS. IN TOTAL, THIS REPRESENTS 69.02 PERCENT OF THE GROSS PATIENT REVENUE FOR THIS YEAR. MCLAREN PORT HURON ALSO PROVIDED THE COMMUNITY WITH OPPORTUNITIES TO PARTICIPATE IN NUMEROUS EDUCATIONAL, WELLNESS, SCREENING, AND SUPPORTIVE PROGRAMS AT EITHER NO COST OR AT A NOMINAL CHARGE. THE HOSPITAL PROVIDED A TOTAL OF 446 EVENTS/PROGRAMS TO APPROXIMATELY 29,411 PEOPLE OF THE COMMUNITY.

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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 $5,309,927

Program Service Revenue $260,996,592

Investment Income $8,238,549

Other Revenue $3,209,614

TOTAL REVENUE $277,754,682

Expense Breakdown

Grants Paid $35,500

Salaries & Benefits $121,821,528

Fundraising Expenses $0

Program Expenses $197,061,096

Other Expenses $134,945,322

TOTAL EXPENSES $256,802,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,754,682	$254,075,697	+0.1%
Expenses	$256,802,350	$245,775,721	+0.0%
Net Income	$20,952,332	$8,299,976	+1.5%

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

1618

Volunteers

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

$3,493,748

Total Directors

$6,582,640

Key Employees

$770,824

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VASKEN ARTINIAN MD	TRUSTEE	1.00	Director	$0	$80,014	$1,286,610
DAVID MAZURKIEWICZ	TREASURER	1.00	Officer Director	$0	$41,435	$2,482,024
ERIC CECAVA	PRESIDENT & CEO	39.00	Officer Director	$0	$124,554	$781,526
RICHARD LEVEILLE	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG BUSDICKER	CHAIR	1.00	Officer Director	$0	$0	$0
EVAN WILKINS	TRUSTEE	1.00	Director	$0	$0	$0
KEELY BARIBEAU	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT SHIGLEY	VICE-CHAIR	1.00	Director	$0	$0	$0
AMANDA HURTUBISE MD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A THOMPSON	TRUSTEE	1.00	Director	$0	$0	$37,000
LEONARD KARADIMAS DO	TRUSTEE	1.00	Director	$0	$0	$0
JON LENSMEYER MD	TRUSTEE	1.00	Director	$0	$0	$0
GARY JAMES DO	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
HILARY GEORGIA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER FLANN	TRUSTEE	1.00	Director	$0	$0	$0
JOSH CHAPMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHAD GRANT	TRUSTEE	1.00	Director	$0	$44,181	$1,995,480
KYLE VINING	CFO & ASSISTANT TREASURER	40.00	Officer	$216,292	$13,906	$230,198
JOHN V BROOKS MD	CHIEF MEDICAL OFFICER	40.00	Key Emp	$445,366	$53,250	$498,616
KATHLEEN MCKENNA	VP PATIENT CARE SERVICES	40.00	Key Emp	$236,235	$35,973	$272,208
SARA LITER-KUESTER	CHIEF MEDICAL INFORM	40.00	Highest	$350,872	$53,698	$404,570
BIJOYANANDA ADHIKARY	MEDICAL PHYSICIST	40.00	Highest	$252,701	$37,766	$290,467
JENNIFER CARBARY	VP MARKETING BUSINESS DEV	40.00	Highest	$172,153	$42,352	$214,505
JACK BELYEA	DIR FACILITIES MAINTENANCE	40.00	Highest	$169,135	$57,952	$227,087
HOLLY SCHIENKE	DIR PATIENT CARE	40.00	Highest	$106,725	$12,249	$118,974
TOM BRISSE	TRUSTEE	1.00		$0	$38,805	$1,273,277
NICHOLAS COLLERAN	FORMER CHIEF OPERATING OFFICER	0.00		$178,304	$25,932	$204,236

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	$277,754,682	$256,802,350	$427,825,635	$20,952,332
2023	$254,075,697	$245,775,721	$382,790,807	$8,299,976
2023	$254,075,697	$245,775,721	$382,790,807	$8,299,976
2022	$255,582,895	$239,910,059	$369,031,606	$15,672,836
2021	$279,255,034	$241,925,386	$443,072,333	$37,329,648
2020	$241,537,973	$229,055,939	$415,112,432	$12,482,034
2019	$252,453,503	$229,529,127	$377,429,762	$22,924,376
2018	$239,788,887	$212,169,745	$366,074,761	$27,619,142