MCLAREN BAY REGION

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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

1972

Legal Domicile

Principal Officer

JAMIE CARTER

Phone

9898943000

Tax Period

2023-10-01 to 2024-09-30

MCLAREN BAY REGION, founded in 1972, is a major nonprofit in the Health Care sector that reported $333.7M in total revenue in fiscal year 2023.

Mission

MCLAREN HEALTH CARE, THROUGH ITS SUBSIDIARIES, WILL BE MICHIGAN'S BEST VALUE IN HEALTHCARE AS DEFINED BY QUALITY OUTCOMES AND COST.

Program Service Accomplishments

Program 1

Expenses: $298,286,579 Revenue: $322,782,209

MCLAREN BAY REGION TREATED 18,322 IN-PATIENTS & 252,994 OUT-PATIENTS FOR THE 2024 FISCAL YEAR AND PROVIDED DISEASE DETECTION, PREVENTION, AND COMMUNITY EDUCATIONAL SERVICES. THESE SERVICES WERE...

MCLAREN BAY REGION TREATED 18,322 IN-PATIENTS & 252,994 OUT-PATIENTS FOR THE 2024 FISCAL YEAR AND PROVIDED DISEASE DETECTION, PREVENTION, AND COMMUNITY EDUCATIONAL SERVICES. THESE SERVICES WERE PROVIDED WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR THE SERVICES. MCLAREN BAY REGION PROVIDED CHARITY CARE TO THOSE PATIENTS IN OUR COMMUNITY WHO DID NOT HAVE THE ABILITY TO PAY IN THE AMOUNT OF $9,208,037 FOR THE 2024 FISCAL YEAR. CARDIOLOGY, BEING A SIGNIFICANT PRODUCT LINE, PERFORMED 252 OPEN HEART SURGERIES AND 4,913 CARDIAC CATHERIZATION IN FISCAL YEAR 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $774,935

Program Service Revenue $322,782,209

Investment Income $8,289,788

Other Revenue $1,851,081

TOTAL REVENUE $333,698,013

Expense Breakdown

Grants Paid $83,661

Salaries & Benefits $169,699,861

Fundraising Expenses $0

Program Expenses $298,286,579

Other Expenses $189,371,064

TOTAL EXPENSES $359,154,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,698,013	$327,355,593	+0.0%
Expenses	$359,154,586	$346,398,853	+0.0%
Net Income	$-25,456,573	$-19,043,260	+0.3%

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

2562

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

$3,510,948

Total Directors

$2,952,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY E BOSCO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY RODRIGUEZ	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
HEATHER L GALLEGOS	SECRETARY	1.00	Officer Director	$0	$0	$23,000
CHAD GRANT	MHC EXECUTIVE VP	1.00	Director	$0	$44,181	$1,995,480
SRINIVASACHARI CHAKRAVARTHI MD	DIRECTOR	1.00	Director	$0	$0	$0
PRAVEEN KAMARAJU MD	VICE CHIEF OF STAFF	1.00	Director	$0	$0	$0
TERRY J CHERWIN DO	DIRECTOR	1.00	Director	$0	$0	$0
RAJESH DANDAMUDI MD	DIRECTOR	1.00	Director	$0	$0	$0
MITZI M DIMITROFF	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FELAN	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC MONASTIERE	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$5,000
LEE NEWTON DO	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL LENTZ	PRESIDENT & CEO - PART YEAR	41.00	Officer Director	$0	$151,898	$929,088
NICOLAS MOUAWAS MD	CHIEF OF STAFF	1.00	Director	$0	$0	$0
JAMIE CARTER	INTERIM CEO - START 2024	41.00	Officer	$0	$0	$0
SEAN FISCHER	VP & CFO - PART YEAR	41.00	Officer	$222,430	$222,430	$444,860
JAY HODGES	INTERIM CFO - PART YEAR 2024	41.00	Officer	$0	$0	$0
AREN LALJIE	INTERIM CFO - START 2024	41.00	Officer	$0	$0	$0
STACY KLUMP	VP PATIENT CARE SERVICES CNO	41.00	Officer	$160,839	$160,839	$321,678
CAROLYN S POTTER	VP HUMAN RESOURCES	41.00	Officer	$315,727	$315,727	$631,454
JOSHUA ULERY	VP ANCILLARY SUPPORT SERVICES	41.00	Officer	$230,038	$230,038	$460,076
KENNETH PARSONS MD	CHIEF MEDICAL OFFICER	41.00	Officer	$350,396	$350,396	$700,792
RAMESH B CHERUKURI MD	PHYSICIAN	40.00	Highest	$1,764,435	$1,764,435	$3,528,870
DANIEL T LEE MD	PHYSICIAN	40.00	Highest	$1,208,298	$1,208,298	$2,416,596
VENKATA SAI ETHA MD	PHYSIATRIST	40.00	Highest	$833,234	$833,234	$1,666,468
ADAM D NICHOLAS MD	PHYSICIAN	40.00	Highest	$558,825	$558,825	$1,117,650
SPENCER THORNOCK MD	PHYSICIAN	40.00	Highest	$422,821	$422,821	$845,642

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
2024	$333,698,013	$359,154,586	$408,888,575	$-25,456,573
2023	$327,355,593	$346,398,853	$401,931,854	$-19,043,260
2023	$327,355,593	$346,398,853	$401,931,854	$-19,043,260
2022	$369,795,065	$343,122,650	$417,307,430	$26,672,415
2021	$372,186,531	$341,193,492	$525,648,670	$30,993,039
2020	$335,766,274	$330,740,714	$485,478,084	$5,025,560
2019	$351,927,105	$329,929,007	$401,424,751	$21,998,098
2018	$357,397,640	$329,396,614	$416,585,400	$28,001,026