MCLAREN CENTRAL MICHIGAN

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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

1940

Legal Domicile

Principal Officer

ROBERT DAVID

Phone

9897726720

Tax Period

2023-10-01 to 2024-09-30

MCLAREN CENTRAL MICHIGAN, founded in 1940, is a major nonprofit in the Health Care sector that reported $142.7M in total revenue in fiscal year 2023. Expenses of $168.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $67,297,590 Revenue: $85,715,645

PROVIDED IMPATIENT, OUTPATIENT, AND HOME CARE MEDICAL SERVICES. (PATIENT ADMISSIONS - 1,803, PATIENT DAYS - 5,705, TOTAL OUTPATIENT VISITS - 103,662)

Program 2

Expenses: $77,049,977 Revenue: $56,930,070

RURAL HEALTH CLINICS (RHC) BECAME PART OF MCLAREN CENTRAL DURING 2021 TO HELP BETTER SERVE THE RURAL COMMUNITIES WITHIN THE MCLAREN NETWORK.

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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 $19,846

Program Service Revenue $142,645,715

Investment Income $732,932

Other Revenue $-669,158

TOTAL REVENUE $142,729,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,879,496

Fundraising Expenses $63,137

Program Expenses $144,347,567

Other Expenses $73,889,135

TOTAL EXPENSES $168,768,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,729,335	$146,467,000	0.0%
Expenses	$168,768,631	$166,322,461	+0.0%
Net Income	$-26,039,296	$-19,855,461	+0.3%

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

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

888

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

$2,045,194

Total Directors

$2,937,306

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD GRANT	EVP & COO	1.00	Director	$0	$44,181	$1,995,480
DANIEL BOGE	VICE-CHAIR	1.00	Officer Director	$0	$0	$47,000
ROBERT DAVID	PRESIDENT/CEO	41.00	Officer Director	$0	$128,286	$805,246
ASHOK VASHISHTA MD	CMO	1.00	Officer Director	$0	$0	$89,580
DOUG OUELLETTE	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
PERJOHAN PERSSON MS	COS - PART YEAR	0.05	Officer Director	$0	$0	$0
CINDY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA MYLER	DIRECTOR	1.00	Director	$0	$0	$0
LORI ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ROMASHKO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SWIRTZ MD	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE TUMA	DIRECTOR	1.00	Director	$0	$0	$0
ERIK RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WIEFERICH	DIRECTOR	1.00	Director	$0	$0	$0
RYAN LILLY	DIRECTOR	1.00	Director	$0	$0	$0
TARA SOULES	CHIEF FINANCIAL OFFICER	41.00	Officer	$282,424	$28,769	$311,193
MICHAEL TERWILLIGER	VP FACILITIES	40.00	Officer	$209,196	$25,866	$235,062
JEANNIE SAGE	CHIEF NURSING OFFICER	41.00	Officer	$197,594	$27,137	$224,731
CAROLYN POTTER	VP HR	20.00	Officer	$0	$16,655	$332,382
LAURIE SHIVELY	CRNA	40.00	Highest	$384,682	$15,320	$400,002
DR IMAN ZEIDAN	HOSPITALIST	40.00	Highest	$362,000	$18,341	$380,341
DR KYLE GILDE	ANESTHESIOLOGIST	40.00	Highest	$350,846	$33,256	$582,875
DR ROBERT SEALS	HOSPITALIST	40.00	Highest	$346,896	$34,200	$381,096
DR MICHAEL GROSS	ANESTHESIOLOGIST	40.00	Highest	$340,846	$29,720	$502,378

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	$142,729,335	$168,768,631	$75,886,992	$-26,039,296
2023	$146,467,000	$166,322,461	$66,312,167	$-19,855,461
2023	$146,467,000	$166,322,461	$66,312,167	$-19,855,461
2022	$142,403,480	$164,646,535	$71,101,093	$-22,243,055
2021	$123,877,944	$152,815,289	$76,961,922	$-28,937,345
2020	$88,153,718	$90,191,711	$73,957,527	$-2,037,993
2019	$86,551,449	$93,923,779	$60,099,596	$-7,372,330
2018	$85,025,415	$90,740,286	$69,265,179	$-5,714,871