MACKINAC ISLAND MEDICAL CENTER (EIN 382218858) - 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

1977

Legal Domicile

Principal Officer

MARGARET M DOUD

Phone

9068473582

Tax Period

2023-01-01 to 2023-12-31

MACKINAC ISLAND MEDICAL CENTER, founded in 1977, is a small nonprofit in the Health Care sector that reported $578K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $228K, a strong 39% operating margin.

Mission

TO SUPPORT FUNDING OF HEALTH CARE SERVICES FOR RESIDENTS OF MACKINAC ISLAND.

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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 $452,517

Program Service Revenue $0

Investment Income $5,451

Other Revenue $119,632

TOTAL REVENUE $577,600

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,215

Other Expenses $50,057

TOTAL EXPENSES $350,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,600	$671,821	-0.1%
Expenses	$350,057	$384,969	-0.1%
Net Income	$227,543	$286,852	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET M DOUD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CAROL REARICK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
KAY HOPPENRATH	DIRECTOR	1.00	Director	$0	$0	$0
LORNA STRAUS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BRADLEY	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$577,600	$350,057	$2,155,005	$227,543
2022	$671,821	$384,969	$1,927,462	$286,852
2021	$721,506	$411,560	$1,640,610	$309,946
2020	$584,012	$660,422	$1,330,664	$-76,410
2019	$500,868	$472,782	$1,407,074	$28,086
2018	$468,081	$332,837	$1,378,988	$135,244

MACKINAC ISLAND MEDICAL CENTER