MYMICHIGAN MEDICAL CENTER ALMA

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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

1953

Legal Domicile

Principal Officer

CHUCK SHERWIN

Phone

9898379039

Tax Period

2024-07-01 to 2025-06-30

MYMICHIGAN MEDICAL CENTER ALMA, founded in 1953, is a major nonprofit in the Health Care sector that reported $153.9M in total revenue in fiscal year 2024.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $134,882,510 Revenue: $151,364,240

MYMICHIGAN MEDICAL CENTER ALMA PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO GRATIOT AND ISABELLA COUNTIES. 4,730 PATIENT ADMISSIONS AND 82,228 OUTPATIENT VISITS WERE PROVIDED...

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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 (2024)

Revenue Breakdown

Contributions & Grants $378,670

Program Service Revenue $150,371,520

Investment Income $2,020,687

Other Revenue $1,171,611

TOTAL REVENUE $153,942,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,577,810

Fundraising Expenses $0

Program Expenses $134,882,510

Other Expenses $100,408,311

TOTAL EXPENSES $159,986,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,942,488	$153,799,627	+0.0%
Expenses	$159,986,121	$155,980,845	+0.0%
Net Income	$-6,043,633	$-2,181,218	+1.8%

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

906

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

$2,196,595

Total Directors

$3,357,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE MICHAEL	SR VP, CFO & TREASURER	1.00	Officer Director	$0	$150,373	$1,183,179
CROSS BRYAN	DIRECTOR	1.00	Director	$0	$198,664	$1,130,847
HATTEM-SCHIFFMAN MARITA	PRESIDENT	1.00	Officer Director	$0	$83,111	$656,204
GOGGIN MD STEPHANIE	PHYSICIAN	50.00	Highest	$602,696	$17,962	$620,658
LIU DO PETER	PHYSICIAN	50.00	Highest	$369,432	$23,807	$393,239
KLUGAS MD ARTURAS	PHYSICIAN	50.00	Highest	$351,363	$32,068	$383,431
SLOMINIS MD MARY	PHYSICIAN	50.00	Highest	$367,155	$1,403	$368,558
GOODWIN PETER	GENERAL COUNSEL & SECRETARY (PART YEAR)	1.00	Officer Director	$0	$16,352	$357,212
PADGETT FRANCINE	FORMER TREASURER	0.00		$0	$0	$348,143
LAROUCHE MD VANESSA	PHYSICIAN	50.00	Highest	$288,965	$27,340	$316,305
LOSSIO MD FRANCISCO	DIRECTOR	1.00	Director	$28,808	$0	$28,808
NIMBLEY MD ERIK	DIRECTOR	1.00	Director	$0	$0	$1,250
WHITE AL	CHAIR	1.00	Officer Director	$0	$0	$0
MORA KATI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BROWN DAMON	DIRECTOR	1.00	Director	$0	$0	$0
GEERS ADAM	DIRECTOR	1.00	Director	$0	$0	$0
LANCASTER PAULA	DIRECTOR	1.00	Director	$0	$0	$0
NOWLIN HARMONY	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIERI TODD	DIRECTOR	1.00	Director	$0	$0	$0
ROGERS NATHAN	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
SCHURR DON	DIRECTOR	1.00	Director	$0	$0	$0
SIEFKER JENNIFER	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
SPINDLER ERIK	DIRECTOR	1.00	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	$153,942,488	$159,986,121	$130,701,756	$-6,043,633
2024	$153,799,627	$155,980,845	$136,957,511	$-2,181,218
2023	$160,881,813	$159,426,759	$133,550,088	$1,455,054
2022	$188,919,163	$174,525,613	$141,964,101	$14,393,550
2021	$157,609,075	$156,612,709	$150,596,966	$996,366
2020	$146,706,709	$141,129,865	$126,311,274	$5,576,844
2019	$131,813,920	$127,492,680	$95,527,826	$4,321,240
2018	$120,577,451	$123,133,116	$92,182,288	$-2,555,665
2017	$105,209,268	$108,869,698	$97,343,718	$-3,660,430