MCLAREN NORTHERN MICHIGAN

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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

1977

Legal Domicile

Principal Officer

GARFIELD ATCHISON

Phone

2314874094

Tax Period

2023-10-01 to 2024-09-30

MCLAREN NORTHERN MICHIGAN, founded in 1977, is a major nonprofit in the Health Care sector that reported $298.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $220,458,417 Revenue: $291,588,577

ACUTE MEDICAL AND SURGICAL HOSPITAL, 8,692 DISCHARGES, 37,875 PATIENT DAYS, 33,246 EMERGENCY ROOM VISITS AND 7,868 SURGERIES

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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 $3,503,105

Program Service Revenue $291,588,577

Investment Income $2,704,418

Other Revenue $620,396

TOTAL REVENUE $298,416,496

Expense Breakdown

Grants Paid $256,536

Salaries & Benefits $122,057,822

Fundraising Expenses $0

Program Expenses $220,458,417

Other Expenses $175,299,500

TOTAL EXPENSES $297,613,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,416,496	$271,607,269	+0.1%
Expenses	$297,613,858	$248,825,832	+0.2%
Net Income	$802,638	$22,781,437	-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

Governance

Voting Members

Independent Members

Employees

1382

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

$1,789,826

Total Directors

$2,672,669

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN KREUCHAUF MD	DIRECTOR/PHYSICIAN	40.00	Director	$377,931	$19,960	$397,891
GARFIELD ATCHISON	DIRECTOR & PRESIDENT/CEO	35.00	Officer Director	$0	$2,770	$35,615
TOM CATTEL	SECRETARY	1.00	Officer Director	$0	$0	$35,000
DENNIS HESSELINK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JULIE FASONE-HOLDER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE BROWN	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
KATHY ERBER	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
ELISE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FRENTZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE GEBHARD	DIRECTOR	1.00	Director	$0	$0	$0
CHAD GRANT	MHC CHIEF OPERATING OFFICER	1.00	Director	$0	$44,181	$1,995,480
ARTHUR HAILAND	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA HEMINGWAY HALL	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MUELLER MD	DIRECTOR	1.00	Director	$0	$30,749	$208,683
MIKE LORIA	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ROGERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRENT MALLEK	VP HR - PART YEAR	35.00	Officer	$276,189	$13,601	$289,790
ANDREW M MCDONAGH	VP - CMO - PART YEAR	35.00	Officer	$371,102	$38,573	$409,675
MICHAEL PRUSAITIS	VP OF FINANCE/CFO	35.00	Officer	$303,826	$32,264	$336,090
SHARI A SCHULT	VP OF OPERATIONS - PART YEAR	35.00	Officer	$247,904	$13,719	$261,623
DAVID MONAN	VP CNO	35.00	Officer	$177,103	$27,522	$204,625
JULIE JAREMA	VP - PHILANTHROPY	1.00	Officer	$0	$27,594	$217,408
JOHN KENNEDY	VP CMO - STARTED IN 2024	40.00	Officer	$0	$0	$0
JAY ANDERSON	PHYSICIAN	40.00	Highest	$340,471	$37,932	$378,403
KATIE FULCHER	PHYSICIAN	40.00	Highest	$384,189	$20,511	$404,700
ETHAN COUCKE	PHYSICIAN	40.00	Highest	$351,834	$21,454	$373,288
JANEAN HAGGINS	PHYSICIAN	40.00	Highest	$351,439	$20,839	$372,278
JORDAN POVICH	PHYSICIAN	40.00	Highest	$345,335	$17,756	$363,091
TODD BURCH	DIRECTOR & PRESIDENT/CEO - PART YEAR	35.00		$0	$33,953	$568,373
DEBBIE ROSENBURG	FORMER VP OF HUMAN RESOURCES	35.00		$126,357	$0	$126,357
LAURA DANIEL	FORMER VP OF OPERATIONS	35.00		$128,149	$10,024	$138,173

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	$298,416,496	$297,613,858	$363,446,380	$802,638
2023	$271,607,269	$248,825,832	$384,770,690	$22,781,437
2023	$271,607,269	$248,825,832	$384,770,690	$22,781,437
2022	$282,510,136	$251,881,268	$411,971,616	$30,628,868
2021	$293,510,910	$241,583,371	$447,275,098	$51,927,539
2020	$287,621,661	$254,532,300	$455,983,689	$33,089,361
2019	$288,546,915	$266,321,492	$347,588,593	$22,225,423
2018	$288,233,822	$258,644,495	$199,245,986	$29,589,327