MUNSON HEALTHCARE CHARLEVOIX HOSPITAL

EIN: 381459366 501(c)(3) Health Care

CHARLEVOIX, MI

Total Revenue
$92,501,060
Total Expenses
$82,669,306
Total Assets
$42,556,536
Net Assets
$30,016,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
MI
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

AS A VITAL PART OF MUNSON HEALTHCARE, MUNSON HEALTHCARE CHARLEVOIX HOSPITAL EXISTS TO DELIVER COMPREHENSIVE QUALITY CARE TO PATIENTS IN PARTNERSHIP WITH PHYSICIANS.

Program Service Accomplishments

Program 1
Expenses: $70,188,951 Revenue: $91,751,776

EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF CHARLEVOIX, MICHIGAN AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY...

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EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF CHARLEVOIX, MICHIGAN AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY. MUNSON HEALTHCARE CHARLEVOIX HOSPITAL HAD 836 INPATIENT ADMISSIONS IN FISCAL YEAR 2025 AND OVER 71,500 OUTPATIENT VISITS. THE HOSPITAL SERVED MORE THAN 2,900 SURGICAL CASES, 221 OBSTETRICAL BIRTHS, AND OVER 13,700 EMERGENCY ROOM VISITS. MUNSON HEALTHCARE CHARLEVOIX HOSPITAL ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAS 81 ACTIVE MEDICAL STAFF AND 21 VOLUNTEERS.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
18
Employees
432
Volunteers
21

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
7
$1,267,200
Total Directors
23
$4,596,220
Key Employees
6
$3,039,551
Highest Compensated
5
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
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