SPARROW EATON HOSPITAL

EIN: 382007629 501(c)(3) Health Care

CHARLOTTE, MI

Total Revenue
$86,401,571
Total Expenses
$67,571,550
Total Assets
$133,205,511
Net Assets
$110,405,968
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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
MI
Principal Officer
MARGARET DIMOND PHD
Phone
5175431050
Tax Period
2023-07-01 to 2024-06-30

SPARROW EATON HOSPITAL, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $86.4M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.8M, a strong 22% operating margin.

Mission

UMH - SPARROW EATON PROVIDES NEEDED MEDICAL CARE TO THE COMMUNITY REGARDLESS OF THE INDIVIDUALS ABILITY TO PAY. THESE SERVICES ARE PROVIDED TO HOSPITAL INPATIENTS AND OUTPATIENTS IN ADDITION TO 24 HOUR EMERGENCY ROOM AND AMBULANCE SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $348,589
Program Service Revenue $80,683,783
Investment Income $1,692,972
Other Revenue $3,676,227
TOTAL REVENUE $86,401,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,660,900
Fundraising Expenses $0
Program Expenses $54,456,333
Other Expenses $28,910,650
TOTAL EXPENSES $67,571,550

Year-over-Year Comparison

2023 2022 Change
Revenue $86,401,571 $42,542,711 +1.0%
Expenses $67,571,550 $33,134,632 +1.0%
Net Income $18,830,021 $9,408,079 +1.0%
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

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Governance

Voting Members
11
Independent Members
7
Employees
594
Volunteers
60

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
9
$3,029,994
Total Directors
15
$2,947,898
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DOVER FORMER BOARD 0.00
$0 $211,532 $1,370,279
JEREMY PASCOTTO PHYSICIAN 40.00
Highest
$1,206,466 $82,401 $1,288,867
JOSEPH RUTH FORMER BOARD 0.00
$0 $101,260 $1,214,309
PAULA REICHLE FORMER SRVP/ 1.00
Officer Director
$0 $115,729 $837,004
NICHOLAS DOMAN PHYSICIAN 40.00
Highest
$682,758 $44,388 $727,146
KIRA CARTER-ROBERTSON COO 1.00
Officer Director
$0 $109,916 $701,509
KIMBERLY FRIAR PHYSICIAN 40.00
Highest
$633,464 $60,227 $693,691
SCOT RANDAL PHYSICIAN 40.00
Highest
$575,232 $64,104 $639,336
MARGARET DIMOND PHD REGIONAL PRE N/A
Officer
$0 $55,501 $566,557
ANTHONY MARL PHYSICIAN 40.00
Highest
$486,330 $57,427 $543,757
HELEN JOHNSON FORMER BOARD 2.00
Director
$0 $43,570 $379,281
CONSTANCE O'MALLEY BOARD MEMBER 2.00
Director
$0 $39,605 $352,889
MATTHEW NOBIS BOARD MMBR/T 1.00
Officer Director
$0 $55,351 $339,783
LINDA REETZ BOARD MMBR/P 20.00
Officer Director
$0 $40,903 $334,552
KIM A CAPPS CFO 20.00
Officer
$223,012 $27,577 $250,589
JP BUCKINGHAM BOARD MEMBER 1.00
Director
$1,440 $0 $1,440
JOSEPH GARCIA BOARD MEMBER 1.00
Director
$1,440 $0 $1,440
KATHLEEN COOK BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA DAVIS BRD MMBR/VIC 1.00
Officer Director
$0 $0 $0
TROY FERGUSON BOARD MEMBER 1.00
Director
$0 $0 $0
HARPER WILDERN OD BOARD MMBR/C 1.00
Officer Director
$0 $0 $0
LEONORE PRAY BOARD MEMBER 1.00
Director
$0 $0 $0
COLETTE SCRIMGER BOARD MEMBER 1.00
Director
$0 $0 $0
DAN SHAVER BOARD MEM/SE 1.00
Officer 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 No data No data No data No data
2024 $86,401,571 $67,571,550 $133,205,511 $18,830,021
2023 $42,542,711 $33,134,632 $113,926,629 $9,408,079
2022 $81,597,106 $66,296,173 $111,783,660 $15,300,933
2021 $72,946,603 $60,888,722 $120,156,445 $12,057,881
2020 $64,315,715 $58,372,353 $101,056,397 $5,943,362
2018 $62,024,404 $58,308,704 $87,273,729 $3,715,700
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