Great Lakes Bay Health Centers (EIN 381908328) - 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

1970

Legal Domicile

Principal Officer

Brenda Coughlin

Phone

9897596400

Tax Period

2024-04-01 to 2025-03-31

Great Lakes Bay Health Centers, founded in 1970, is a major nonprofit in the Health Care sector that reported $109.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $102.8M left a modest 6% surplus.

Mission

To provide high quality health care to individuals and community groups in Saginaw, Bay, and other nearby counties. Services are provided without regard to race, beliefs or 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 $17,989,217

Program Service Revenue $90,822,855

Investment Income $553,584

Other Revenue $131,419

TOTAL REVENUE $109,497,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,116,733

Fundraising Expenses $360,472

Program Expenses $86,645,491

Other Expenses $38,733,012

TOTAL EXPENSES $102,849,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,497,075	$89,385,319	+0.2%
Expenses	$102,849,745	$86,455,817	+0.2%
Net Income	$6,647,330	$2,929,502	+1.3%

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

766

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

$2,278,731

Total Directors

Key Employees

$631,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Zlomak	Chairman	1.00	Officer Director	$0	$0	$0
Albert Martenis III	Vice Chair	1.00	Officer Director	$0	$0	$0
Deborah Mack	Treasurer	1.00	Officer Director	$0	$0	$0
Sam Pruitt II	Secretary	1.00	Officer Director	$0	$0	$0
Monica Reyes	Assistant Secretary	1.00	Officer Director	$0	$0	$0
Dwayne Parker	Director	1.00	Director	$0	$0	$0
Michelle Stolsmark	Director	1.00	Director	$0	$0	$0
John Martin	Director	1.00	Director	$0	$0	$0
Pastor Craig Tatum	Director	1.00	Director	$0	$0	$0
Tarshia Lewis	Director	1.00	Director	$0	$0	$0
Lisa Wilson	Director	1.00	Director	$0	$0	$0
Jacob Christoforo	Director	1.00	Director	$0	$0	$0
John Rezayi	Director	1.00	Director	$0	$0	$0
Amy Evans	CFO	40.00	Officer	$260,120	$33,882	$294,002
Angelia Williams-Welch	Senior VP	40.00	Officer	$198,483	$16,769	$215,252
Brenda Coughlin	CEO	40.00	Officer	$490,823	$39,798	$530,621
Lisa Call	Deputy Director	40.00	Officer	$392,197	$31,839	$424,036
Norman Chapin	Chief Medical Office	40.00	Officer	$361,054	$18,966	$380,020
Paul Crowley	Chief Dental Officer	40.00	Officer	$254,375	$26,286	$280,661
James Furbush	COO	40.00	Officer	$141,830	$12,309	$154,139
Heidi Brechtelsbauer	VP Clinical Services	40.00	Key Emp	$202,284	$30,632	$232,916
Antione Martin	CWO	40.00	Key Emp	$176,665	$13,760	$190,425
Jeff Larson	CGDO	40.00	Key Emp	$179,796	$28,642	$208,438
Bradley Merrills MD	Physician	40.00	Highest	$432,652	$25,388	$458,040
Michael Ingram MD	Physician	40.00	Highest	$368,488	$36,523	$405,011
Caleb Dean MD	Physician	40.00	Highest	$355,592	$35,268	$390,860
Toby Long MD	Physician	40.00	Highest	$324,847	$36,443	$361,290
Christopher Robertz MD	Physician	40.00	Highest	$304,205	$22,033	$326,238

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	$109,497,075	$102,849,745	$72,869,574	$6,647,330
2024	$89,385,319	$86,455,817	$67,625,538	$2,929,502
2023	$80,685,632	$74,575,449	$63,047,797	$6,110,183
2022	$68,616,758	$67,013,110	$43,109,994	$1,603,648
2021	$66,830,188	$60,314,607	$40,582,063	$6,515,581
2020	$58,466,879	$58,457,024	$33,227,173	$9,855
2019	$58,134,232	$52,707,072	$36,172,408	$5,427,160

Great Lakes Bay Health Centers