MYMICHIGAN MEDICAL CENTER CLARE

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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

1951

Legal Domicile

Principal Officer

CHUCK SHERWIN

Phone

9898379039

Tax Period

2024-07-01 to 2025-06-30

MYMICHIGAN MEDICAL CENTER CLARE, founded in 1951, is a major nonprofit that reported $131.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $33.1M, a strong 25% operating margin.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $83,757,625 Revenue: $128,926,223

MYMICHIGAN MEDICAL CENTER CLARE PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO CLARE AND ITS SURROUNDING COUNTIES. 1170 PATIENT ADMISSIONS AND 236,337 HOSPITAL OUTPATIENT VISITS WERE RECORDED IN FISCAL YEAR 2025. CARE IS PROVIDED WITHOUT RESPECT TO PATIENTS ABILITY TO PAY.

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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 $176,965

Program Service Revenue $128,593,480

Investment Income $2,716,046

Other Revenue $452,962

TOTAL REVENUE $131,939,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,620,653

Fundraising Expenses $0

Program Expenses $83,757,625

Other Expenses $56,170,391

TOTAL EXPENSES $98,791,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,939,453	$112,747,947	+0.2%
Expenses	$98,791,044	$93,777,303	+0.1%
Net Income	$33,148,409	$18,970,644	+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

616

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

$280,165

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
PACIS DO RONALD	PHYSICIAN	50.00	Highest	$787,807	$29,131	$816,938
HATTEM-SCHIFFMAN MARITA	PRESIDENT	1.00	Officer Director	$0	$83,111	$656,204
STOVER RAYMOND	FORMER DIRECTOR	0.00		$0	$80,101	$603,416
MUNOZ EDWARDO	CRNA	50.00	Highest	$331,992	$25,331	$357,323
GOODWIN PETER	GENERAL COUNSEL & SECRETARY (PART YEAR)	1.00	Officer Director	$0	$16,352	$357,212
MATHISON KELLY	CRNA	50.00	Highest	$311,475	$37,863	$349,338
PADGETT FRANCINE	FORMER TREASURER/SECRETARY	0.00		$0	$0	$348,143
HOUK ERIC	CRNA	50.00	Highest	$302,722	$41,808	$344,530
DEFLUITER RICHARD	CRNA	50.00	Highest	$285,104	$33,417	$318,521
KING GLENN	VP OF NURSING	50.00	Key Emp	$248,350	$31,815	$280,165
LOSSIO MD FRANCISCO	DIRECTOR	1.00	Director	$0	$0	$28,808
NIMBLEY MD ERIK	DIRECTOR	1.00	Director	$1,250	$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	$131,939,453	$98,791,044	$131,318,705	$33,148,409
2024	No data	No data	No data	No data
2023	$75,615,950	$70,611,905	$65,923,777	$5,004,045
2022	$75,977,943	$60,467,235	$62,473,945	$15,510,708
2021	$61,209,023	$58,275,745	$64,155,564	$2,933,278
2020	$57,370,012	$53,466,552	$55,331,244	$3,903,460
2019	$57,378,512	$52,391,975	$44,488,289	$4,986,537
2018	$53,542,077	$50,711,630	$41,441,018	$2,830,447