MUNSON HEALTHCARE CHARLEVOIX HOSPITAL (EIN 381459366) - Form 990 Financial Analysis & Trantor Score

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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

1919

Legal Domicile

Principal Officer

JOANNE SCHROEDER

Phone

2315474024

Tax Period

2024-07-01 to 2025-06-30

MUNSON HEALTHCARE CHARLEVOIX HOSPITAL, founded in 1919, is a mid-sized nonprofit in the Health Care sector that reported $92.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $82.7M left a modest 11% surplus.

Mission

MUNSON HEALTHCARE CHARLEVOIX HOSPITAL AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.

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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 $623,720

Program Service Revenue $91,757,395

Investment Income $-152,639

Other Revenue $272,584

TOTAL REVENUE $92,501,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,052,657

Fundraising Expenses $86,838

Program Expenses $70,188,951

Other Expenses $49,616,649

TOTAL EXPENSES $82,669,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,501,060	$83,954,107	+0.1%
Expenses	$82,669,306	$78,143,355	+0.1%
Net Income	$9,831,754	$5,810,752	+0.7%

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

432

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

$1,267,200

Total Directors

$4,596,220

Key Employees

$3,039,551

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN A NESS	DIRECTOR	2.00	Director	$0	$253,876	$2,922,871
LAURA GLENN	MHC SYSTEM C	2.00	Key Emp	$0	$111,766	$1,141,163
PAUL KONOPACKI	CFO	2.00	Officer	$0	$92,977	$801,715
DINO RECCHIA MD	DIRECTOR	0.00	Director	$0	$31,094	$746,394
JARED DAVIS DO	PHYSICIAN	40.00	Highest	$650,998	$37,278	$688,276
BARRETT KIELHORN DO	SURGEON	40.00	Highest	$512,583	$46,164	$558,747
ELLEN SMITH	PRESIDENT AM	2.00	Key Emp	$0	$9,670	$548,244
JAMES JEAKLE MD	PHYSICIAN	40.00	Highest	$464,402	$46,008	$510,410
EMILY MCKERCHIE DO	SURGEON	40.00	Highest	$431,123	$41,579	$472,702
CAITLYN MONKS DO	PHYSICIAN	40.00	Highest	$426,013	$18,635	$444,648
JOANNE SCHROEDER	PRESIDENT	40.00	Officer Director	$0	$60,482	$440,485
KATHLEEN LARAIA	VP ONCOLOGY	2.00	Key Emp	$0	$59,521	$437,443
VINCENT SCHULTZ MD	DIRECTOR	0.00	Director	$0	$45,583	$401,470
JENNIFER STANDFEST	VP & CNO PAT	1.00	Key Emp	$6,451	$31,067	$327,421
CHRISTOPHER SQUIRE	FORMER VP AN	N/A		$0	$21,246	$324,273
MICHAEL HODNETT	CNO & COO	2.00	Key Emp	$0	$48,067	$299,418
BONNIE KRUSZKA	CHIEF APP &	2.00	Key Emp	$0	$28,633	$285,862
KENNETH BLOEM	CHAIR	0.00	Officer Director	$0	$0	$5,000
MATT BULLOCH	DIRECTOR	0.00	Director	$0	$0	$5,000
NICK CEGLAREK	DIRECTOR	0.00	Director	$0	$0	$5,000
KATHY DIXON	DIRECTOR	0.00	Director	$0	$0	$5,000
JENNIFER KING	DIRECTOR	0.00	Director	$0	$0	$5,000
KARL KLIMEK	DIRECTOR	0.00	Director	$0	$0	$5,000
RUTH HOPPE MD	V CHAIR	0.00	Officer Director	$0	$0	$5,000
DAVE MENGEBIER	TREASURER	0.00	Officer Director	$0	$0	$5,000
KIM MORLEY	DIRECTOR	0.00	Officer Director	$0	$0	$5,000
TIM NELSON	SECRETARY	0.00	Officer Director	$0	$0	$5,000
ANDY PAGE	DIRECTOR	0.00	Director	$0	$0	$5,000
BRIAN POSTMA	DIRECTOR	0.00	Director	$0	$0	$5,000
OWEN ROBERTS	DIRECTOR	0.00	Director	$0	$0	$5,000
MARY SANDERS	DIRECTOR	0.00	Director	$0	$0	$5,000
KRISTINE THOMAS	DIRECTOR	0.00	Director	$0	$0	$5,000
TOM VERYSER	DIRECTOR	0.00	Director	$0	$0	$5,000
ELAINE WOOD	DIRECTOR	0.00	Director	$0	$0	$5,000
DAVID MCCURDY	DIRECTOR	0.00	Director	$0	$0	$0
SAKURA TAKANO	DIRECTOR	0.00	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	$92,501,060	$82,669,306	$42,556,536	$9,831,754
2024	No data	No data	No data	No data
2023	$75,921,480	$72,864,245	$34,710,906	$3,057,235
2022	$76,007,120	$69,078,646	$54,369,111	$6,928,474
2021	$68,167,626	$58,957,630	$70,162,827	$9,209,996
2020	$66,072,448	$60,190,356	$59,920,165	$5,882,092
2019	$64,941,022	$60,483,467	$50,630,242	$4,457,555
2018	$57,998,473	$54,651,975	$44,354,444	$3,346,498

MUNSON HEALTHCARE CHARLEVOIX HOSPITAL