SAGINAW COOPERATIVE HOSPITALS INC … - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

SAMUEL SHAHEEN MD

Phone

9897467884

Tax Period

2024-07-01 to 2025-06-30

SAGINAW COOPERATIVE HOSPITALS INC DBA/CMU MEDICAL EDUCATION PARTNERS, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $63.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE CORPORATION IS TO INTEGRATE MEDICAL EDUCATION, RESEARCH, AND PROFESSIONAL SERVICES FOR THE TRAINING OF MEDICAL LEARNERS (RESIDENTS, STUDENTS, AND HEALTHCARE PERSONNEL).

Program Service Accomplishments

Program 1

Expenses: $62,313,667 Revenue: $63,781,225

MEDICAL EDUCATION - TO PROVIDE MEDICAL LEARNERS AND RESIDENTS WITH A DIVERSE LEARNING EXPERIENCE IN THE MEDICAL FIELD AND PROVIDE FURTHER EDUCATION AND TRAINING.

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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 $115,823

Program Service Revenue $63,781,225

Investment Income $-158,158

Other Revenue $0

TOTAL REVENUE $63,738,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,392,588

Fundraising Expenses $0

Program Expenses $62,313,667

Other Expenses $11,541,755

TOTAL EXPENSES $65,934,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,738,890	$57,799,110	+0.1%
Expenses	$65,934,343	$59,283,114	+0.1%
Net Income	$-2,195,453	$-1,484,004	+0.5%

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

595

Volunteers

N/A

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

$683,514

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAHER GHANEM	PHYSICIAN	40.00	Highest	$952,182	$39,780	$991,962
WAEL SOLH	PHYSICIAN	40.00	Highest	$804,958	$40,012	$844,970
AKRAM ALASHARI	PHYSICIAN	40.00	Highest	$753,942	$43,198	$797,140
SAMUEL SHAHEEN MD	PRESIDENT &	40.00	Officer	$650,000	$33,514	$683,514
TIMOTHY HACKETT	PHYSICIAN	40.00	Highest	$483,627	$21,706	$505,333
CHRISTINA MASER	PHYSICIAN	40.00	Highest	$444,335	$33,974	$478,309
BETH CHARLTON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JOANN CRARY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE ERICKSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDA COUGHLIN MD	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW DEIBEL MD	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BERG MD	TRUSTEE	1.00	Director	$0	$0	$0
NEIL MACKINNON	TRUSTEE	1.00	Director	$0	$0	$0
J DON SHEETS	TRUSTEE	1.00	Director	$0	$0	$0
TINA L THOMPSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL WEBSTER	TRUSTEE	1.00	Director	$0	$0	$0
MARY HILL	TREASURER	1.00	Officer	$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	$63,738,890	$65,934,343	$23,485,085	$-2,195,453
2024	No data	No data	No data	No data
2023	$58,596,440	$57,960,668	$26,885,300	$635,772
2022	$54,785,613	$56,995,869	$18,190,737	$-2,210,256
2021	$56,065,941	$50,003,723	$19,522,403	$6,062,218
2020	$45,735,363	$47,229,925	$13,830,293	$-1,494,562
2019	$43,368,159	$43,504,890	$10,407,982	$-136,731
2018	$39,028,647	$39,567,726	$9,042,553	$-539,079

SAGINAW COOPERATIVE HOSPITALS INC DBA/CMU MEDICAL EDUCATION PARTNERS