Munising, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Munising Memorial Hospital Association, founded in 1961, is a mid-sized nonprofit in the Health Care sector that reported $16.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.6M left a modest 10% surplus.
The Mission of Munising Memorial Hospital is to be the provider of choice for primary medical care.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,297,817 | $14,169,928 | +0.2% |
| Expenses | $14,640,363 | $13,646,936 | +0.1% |
| Net Income | $1,657,454 | $522,992 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Marilyn Beverly | President | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| Kathy Reynolds | Vice President | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| John Madigan | Treasurer | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| Ruth Ann Pokela | Secretary | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| Wade Cross | Trustee | 0.30 |
Director
|
$0 | $0 | $0 |
| Larry Bauer | Trustee | 0.30 |
Director
|
$0 | $0 | $0 |
| Andy Reichert | Trustee | 0.30 |
Director
|
$0 | $0 | $0 |
| Jim Parker | CEO (Until Mar 2025) | 40.00 |
Officer
|
$183,649 | $30,387 | $214,036 |
| Barbara Cromell | CFO | 40.00 |
Officer
|
$109,532 | $6,127 | $115,659 |
| Christi Salo | CNO | 40.00 |
Officer
|
$118,384 | $10,291 | $128,675 |
| Dennis Smith | Interim CEO (Beg Mar 2025) | 40.00 |
Officer
|
$17,406 | $0 | $17,406 |
| Christopher Faber | Physician | 40.00 |
Highest
|
$321,807 | $37,164 | $358,971 |
| Mark Cecilio | Physician | 40.00 |
Highest
|
$249,766 | $41,301 | $291,067 |
| Bonnie Kilpela | Nurse Practitioner | 40.00 |
Highest
|
$246,468 | $40,152 | $286,620 |
| Stephanie Wuest | Physician (Beg Apr 2025) | 40.00 |
Highest
|
$166,148 | $7,675 | $173,823 |
| Paul Haduck | Physician | 40.00 |
Highest
|
$212,712 | $30,410 | $243,122 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,297,817 | $14,640,363 | $17,324,894 | $1,657,454 |
| 2024 | $14,169,928 | $13,646,936 | $15,770,469 | $522,992 |
| 2023 | $13,830,869 | $13,543,407 | $13,359,695 | $287,462 |
| 2022 | $14,519,656 | $13,566,950 | $14,156,656 | $952,706 |
| 2021 | $14,395,976 | $12,349,399 | $15,641,330 | $2,046,577 |
| 2020 | $11,189,262 | $11,540,027 | $9,996,823 | $-350,765 |
| 2019 | $11,037,325 | $10,708,453 | $10,891,561 | $328,872 |
Compare Munising Memorial Hospital Association with other nonprofits in Michigan and across the country.