SHERIDAN COMMUNITY HOSPITAL

EIN: 381369796 501(c)(3) Health Care

Sheridan, MI

Total Revenue
$33,214,357
Total Expenses
$25,309,110
Total Assets
$11,756,190
Net Assets
$13,766,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
MI
Principal Officer
Ljiljana Petricevic
Phone
9892916235
Tax Period
2024-04-01 to 2025-03-31

SHERIDAN COMMUNITY HOSPITAL, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $33.2M in total revenue in fiscal year 2024. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 24% operating margin.

Mission

Mission: Sheridan Community Hospital is committed to provide compassionate, high-quality care rooted in our local Community. Vision: Create a healthcare destination with lasting legacy by delivering exceptional, high quality care close to home where providers choose to practice, patients confidently recommend, employees take pride in their work, and our community places its trust.

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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 $363,419
Program Service Revenue $32,699,109
Investment Income $39,100
Other Revenue $112,729
TOTAL REVENUE $33,214,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,864,766
Fundraising Expenses $0
Program Expenses $14,669,372
Other Expenses $13,444,344
TOTAL EXPENSES $25,309,110

Year-over-Year Comparison

2024 2023 Change
Revenue $33,214,357 $13,830,607 +1.4%
Expenses $25,309,110 $17,280,615 +0.5%
Net Income $7,905,247 $-3,450,008 -3.3%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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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
6
Independent Members
N/A
Employees
206
Volunteers
6

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
4
$427,329
Total Directors
8
$1,082,072
Key Employees
7
$1,444,492
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Doctor Eva Bartlett Chief Medical Officer 40
Director Key Emp Highest
$459,672 $16,957 $476,629
Lilijana Petricevic Chief Executive Officer/Chief Operating Officer 40
Officer Director Key Emp Highest
$297,342 $21,997 $319,339
Ryan Holley- Mallo Emergency Room Physician - Mid Level 36
Highest
$170,573 $19,064 $189,637
Doctor Michael Cearlock Emergency Room Physician 36
Highest
$172,656 $6,518 $179,174
Newton Mulama Controller 40
Director Key Emp
$164,415 $13,699 $178,114
Jessica Morgan Senior Director of Operations 40
Key Emp
$122,646 $16,472 $139,118
Gina Bennett NP Hospitalist 40
Key Emp
$103,288 $18,957 $122,245
Mary Thomas Pharmacy Manager 32
Key Emp
$113,915 $5,823 $119,738
James Dimitriou Board Secretary , Compliance Officer 40
Officer Director Key Emp
$75,307 $14,002 $89,309
Jalil Rizqallah President of the Board and Hospital 10
Officer Director
$18,681 $0 $18,681
Bobbi McColley Board Treasurer 0.5
Officer Director
$0 $0 $0
Doctor Mark Clark Vice President - Hospital 0.5
Director
$0 $0 $0
Adrian Rizqallah Board Member 0.5
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 $33,214,357 $25,309,110 $11,756,190 $7,905,247
2024 $13,830,607 $17,280,615 $9,440,970 $-3,450,008
2023 $17,470,918 $15,399,615 $9,837,304 $2,071,303
2022 $16,264,593 $15,143,553 $8,579,215 $1,121,040
2021 $14,958,607 $12,225,591 $5,237,839 $2,733,016
2020 $9,742,943 $12,765,842 $5,642,653 $-3,022,899
2019 $13,747,993 $16,964,147 $6,145,254 $-3,216,154
2018 $15,171,045 $15,139,551 $8,079,078 $31,494
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