SCHEURER HOSPITAL

EIN: 381456056 501(c)(3) Health Care

PIGEON, MI

Total Revenue
$60,656,273
Total Expenses
$58,422,361
Total Assets
$53,745,405
Net Assets
$44,378,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
MI
Principal Officer
ROSS RAMSEY MD
Phone
9894535204
Tax Period
2022-07-01 to 2023-06-30

SCHEURER HOSPITAL, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $60.7M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $58.4M left a modest 4% surplus.

Mission

THE MISSION OF SCHEURER HOSPITAL IS TO SUPPORT A FULL AND HEALTHIER LIFESTYLE BY PROVIDING ACCESS TO HIGH QUALITY HEALTH CARE IN A RURAL AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,249,649
Program Service Revenue $55,706,591
Investment Income $816,702
Other Revenue $2,883,331
TOTAL REVENUE $60,656,273

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,654,259
Fundraising Expenses $0
Program Expenses $41,737,439
Other Expenses $25,768,102
TOTAL EXPENSES $58,422,361

Year-over-Year Comparison

2022 2021 Change
Revenue $60,656,273 $54,603,043 +0.1%
Expenses $58,422,361 $54,118,066 +0.1%
Net Income $2,233,912 $484,977 +3.6%
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

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Governance

Voting Members
13
Independent Members
12
Employees
513
Volunteers
17

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
10
$1,478,360
Total Directors
13
$253,851
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS RAMSEY MD CEO SCHEURER 40.00
Officer
$643,562 $23,075 $666,637
LAUREY HANSELMAN DO PHYSICIAN 40.00
Highest
$441,040 $47,645 $488,685
PAUL SCADDAN MD PHYSICIAN 40.00
Highest
$409,311 $52,566 $461,877
DANIEL DRAKE MD PHYSICIAN 40.00
Highest
$401,025 $29,491 $430,516
AMANDA MCSWEENEY MD PHYSICIAN 40.00
Highest
$404,712 $23,075 $427,787
TERRANCE LERASH CEO 40.00
Officer
$326,860 $31,823 $358,683
TERRY LUTZ CFO 40.00
Officer
$228,075 $23,246 $251,321
ALI KHAN MD ER PHYSICIAN 40.00
Director
$212,782 $23,519 $236,301
MICHAEL NANZER CEO 40.00
Officer
$189,744 $4,415 $194,159
BRIAN KEIM BOARD OF TRU 1.00
Director
$2,835 $0 $2,835
SCOTT MEYERSIECK 1ST VICE CHA 1.00
Officer Director
$1,620 $0 $1,620
PATRICK STECKER BOARD OF TRU 1.00
Director
$1,620 $0 $1,620
JULIE GOOD BOARD OF TRU 1.00
Director
$1,485 $0 $1,485
BRENT WEHNER BOARD OF TRU 1.00
Director
$1,485 $0 $1,485
RHONDA WISENBAUGH TREASURER 1.00
Officer Director
$1,485 $0 $1,485
JAY DUBEY BOARD OF TRU 1.00
Director
$1,350 $0 $1,350
MARGARET MCCORMICK 2ND VICE CHA 1.00
Officer Director
$1,350 $0 $1,350
COLLEEN POISSON SECRETARY 1.00
Officer Director
$1,350 $0 $1,350
MICHAEL OTTO BOARD OF TRU 1.00
Director
$1,215 $0 $1,215
JOHN SCHAEFER CHAIRMAN 1.00
Officer Director
$1,080 $0 $1,080
DWIGHT GASCHO CEO (FORMER) 1.00
Officer Director
$675 $0 $675
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 No data No data No data No data
2024 No data No data No data No data
2023 $60,656,273 $58,422,361 $53,745,405 $2,233,912
2022 $54,603,043 $54,118,066 $50,964,991 $484,977
2021 $52,017,883 $50,669,005 $47,588,682 $1,348,878
2020 $47,265,436 $45,035,256 $47,801,071 $2,230,180
2020 $50,961,528 $45,116,734 $47,530,682 $5,844,794
2019 $43,172,434 $41,334,915 $41,368,946 $1,837,519
2018 $43,052,637 $41,049,724 $40,189,871 $2,002,913
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