MCLAREN HEALTH CARE CORPORATION (EIN 382397643) - 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

1981

Legal Domicile

Principal Officer

DAVID MAZURKIEWICZ

Phone

8103422000

Tax Period

2023-10-01 to 2024-09-30

MCLAREN HEALTH CARE CORPORATION, founded in 1981, is a major nonprofit in the Health Care sector that reported $365.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE PLANNING AND ADMINISTRATIVE SERVICES TO RELATED ENTITIES.

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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 $0

Program Service Revenue $354,956,481

Investment Income $9,236,331

Other Revenue $1,258,250

TOTAL REVENUE $365,451,062

Expense Breakdown

Grants Paid $6,903,297

Salaries & Benefits $178,167,277

Fundraising Expenses $0

Program Expenses $334,506,459

Other Expenses $182,333,984

TOTAL EXPENSES $367,404,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,451,062	$384,239,758	0.0%
Expenses	$367,404,558	$372,431,864	0.0%
Net Income	$-1,953,496	$11,807,894	-1.2%

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

1634

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

$18,998,454

Total Directors

$12,211,773

Key Employees

$8,860,487

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP INCARNATI	PRESIDENT AND CEO	41.00	Officer Director	$11,811,455	$48,318	$11,859,773
GREGORY LANE	CAO ASSIST, SECRETARY	41.00	Officer	$2,489,012	$52,165	$2,541,177
DAVID MAZURKIEWICZ	TREASURER, EXECUTIVE VP & CFO	41.00	Officer	$2,440,589	$41,435	$2,482,024
CHAD GRANT	EXECUTIVE VP CHIEF OPERATING OFFICER	41.00	Officer	$1,951,299	$44,181	$1,995,480
JUSTIN KLAMERUS	EXECUTIVE VP CHIEF CLINICAL OFFICER	41.00	Key Emp	$1,534,376	$28,241	$1,562,617
KEVIN TOMPKINS	SENIOR VP MARKETING - PART YEAR	41.00	Key Emp	$1,483,349	$47,775	$1,531,124
MICHAEL LACUSTA	SENIOR VP BUSINESS DEVELOP	41.00	Key Emp	$1,287,135	$38,841	$1,325,976
CARISSA BURTON	SENIOR VP HR	41.00	Key Emp	$876,186	$181,414	$1,057,600
DEREK MORKEL	SENIOR VP CIO	41.00	Key Emp	$723,246	$108,602	$831,848
JENNIFER MONTGOMERY	SVP CHIEF NURSING OFFICER	41.00	Key Emp	$670,701	$41,209	$1,031,734
ROBERT FLORA	CHIEF ACADEMIC OFFICER	40.00	Highest	$614,174	$37,091	$651,265
BRIAN BALUTANSKI	CORPORATE CONTROLLER	41.00	Key Emp	$572,212	$117,087	$689,299
DAVID BUEBY	VP SUPPLY CHAIN	40.00	Highest	$505,527	$47,997	$553,524
DEIDRA WILSON	VP GOVERNMENT RELATION	41.00	Key Emp	$504,908	$85,197	$590,105
DAN MEDRANO	VP FACILITIES	40.00	Highest	$462,888	$36,374	$499,262
JOHN TIKKA	VP INFO TECH APPLICATIONS	40.00	Highest	$386,588	$33,164	$419,752
MATTHEW AJLUNI	VP INSURANCE RISK MANAGEMENT	40.00	Highest	$363,737	$17,953	$381,690
MATTHEW ELSEY	FORMER CORPORATE CONTROLLER	0.00		$334,714	$16,336	$351,050
BRIAN BROWN	SENIOR VP MARKETING	41.00	Key Emp	$237,842	$2,342	$240,184
DANIEL BOGE	CHAIRPERSON	1.00	Officer Director	$47,000	$0	$47,000
HONORABLE LEO BOWMAN	DIRECTOR	1.00	Director	$37,500	$0	$37,500
DAVID A THOMPSON	VICE CHAIRPERSON	1.00	Officer Director	$37,000	$0	$37,000
JAMES GEORGE	SECRETARY	1.00	Officer Director	$36,000	$0	$36,000
TIM MONAHAN	DIRECTOR	1.00	Director	$36,000	$0	$36,000
TOM CATTEL	DIRECTOR	1.00	Director	$35,000	$0	$35,000
RALPH SHAHEEN	DIRECTOR	1.00	Director	$35,000	$0	$35,000
HONORABLE JUSTUS SCOTT	DIRECTOR	1.00	Director	$35,000	$0	$35,000
JOE SERRA	DIRECTOR	1.00	Director	$30,500	$0	$30,500
HEATHER GALLEGOS	DIRECTOR	1.00	Director	$23,000	$0	$23,000

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	$365,451,062	$367,404,558	$862,500,208	$-1,953,496
2023	$384,239,758	$372,431,864	$834,576,176	$11,807,894
2023	$384,239,758	$372,431,864	$834,576,176	$11,807,894
2022	$353,152,162	$349,261,989	$845,454,480	$3,890,173
2021	$328,988,739	$345,376,925	$794,628,624	$-16,388,186
2020	$320,948,493	$310,285,074	$726,362,672	$10,663,419
2019	$315,511,172	$297,498,304	$665,681,957	$18,012,868
2018	$310,301,267	$294,231,285	$627,196,834	$16,069,982

MCLAREN HEALTH CARE CORPORATION