SPARROW IONIA HOSPITAL FOUNDATION

EIN: 382274975 501(c)(3)

IONIA, MI

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
1979
Legal Domicile
MI
Principal Officer
MICHELLE REYNAERT
Phone
6165231400
Tax Period
2021-01-01 to 2021-12-31

Mission

THE MISSION OF THE SPARROW IONIA FOUNDATION IS TO RECEIVE AND ADMINISTER FUNDS FOR SPECIFIC EDUCATION, LITERARY, AND PUBLIC WELFARE PURPOSES FOR THE SOLE BENEFIT OF SPARROW IONIA HOSPITAL, A RELATED TAX-EXEMPT ORGANIZATION.

Program Service Accomplishments

Program 1

SPARROW IONIA FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR SUPPORT OF SPARROW IONIA HOSPITAL. THIS SUPPORT WILL CONTINUE AS SPARROW IONIA FOUNDATION MERGERS WITH SPARROW FOUNDATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $70,898 -1.0%
Expenses N/A $97,082 -1.0%
Net Income N/A $-26,184 N/A
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
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$327,767
Total Directors
1
$327,767
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE REYNAERT DIRECTOR 0.00
Officer Director
$0 $49,249 $327,767
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
2021 No data No data No data No data
2020 $70,898 $97,082 $816,487 $-26,184
2019 $57,642 $42,542 $844,030 $15,100
2018 $76,034 $36,433 $819,177 $39,601
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