Bronson Healthcare Group

EIN: 382418383 501(c)(3) Health Care

KALAMAZOO, MI

Total Revenue
$443,191,845
Total Expenses
$398,877,070
Total Assets
$429,227,577
Net Assets
$211,755,466
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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
1982
Legal Domicile
MI
Phone
2693416000
Tax Period
2024-01-01 to 2024-12-31

Bronson Healthcare Group, founded in 1982, is a major nonprofit in the Health Care sector that reported $443.2M in total revenue in fiscal year 2024. Expenses of $398.9M left a modest 10% surplus.

Mission

TOGETHER, WE ADVANCE THE HEALTH OF OUR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $60,340,761
Program Service Revenue $364,112,413
Investment Income $11,809,711
Other Revenue $6,928,960
TOTAL REVENUE $443,191,845

Expense Breakdown

Grants Paid $18,655,000
Salaries & Benefits $276,799,449
Fundraising Expenses $0
Program Expenses $302,873,282
Other Expenses $103,422,621
TOTAL EXPENSES $398,877,070

Year-over-Year Comparison

2024 2023 Change
Revenue $443,191,845 $423,197,746 +0.0%
Expenses $398,877,070 $379,381,814 +0.1%
Net Income $44,314,775 $43,815,932 +0.0%
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
18
Independent Members
16
Employees
1924
Volunteers
16

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
11
$8,720,891
Total Directors
21
$4,984,470
Key Employees
9
$6,415,344
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Manns President and CEO 4.6
Officer Director
$2,056,207 $1,513,385 $3,569,592
James Jr Liggins Vice Chair 1.0
Officer Director
$0 $0 $0
Michael Odar Treasurer 1.0
Officer Director
$0 $0 $0
Neil Nyberg Secretary 1.0
Officer Director
$0 $0 $0
Nelson Karre Chair 1.0
Officer Director
$0 $0 $0
Brenda Hunt Director 1.0
Director
$0 $0 $0
Donald Parfet Director 1.0
Director
$0 $0 $0
Erick Stewart Director 1.0
Director
$0 $0 $0
Jorge Gonzalez Director 1.0
Director
$0 $0 $0
Katy Fink Director (THRU 12/2024) 1.0
Director
$0 $0 $0
La June Montgomery Tabron Director (THRU 12/2024) 1.0
Director
$0 $0 $0
Lynn Chen-Zhang Director 1.0
Director
$0 $0 $0
Mahesh C Karamchandani Director (THRU 12/2024) 4.6
Director
$0 $38,120 $836,534
Marshall L Washington Director 1.0
Director
$0 $0 $0
Namita Sharma Director 1.0
Director
$1,440 $0 $1,440
Randall Eberts Director 1.0
Director
$1,440 $0 $1,440
Richard Allen Director 1.0
Director
$0 $0 $0
Robert IV Nicholson System Vice Chief of Staff 1.0
Director
$0 $0 $0
Scott Gibson MD Director 1.0
Director
$0 $0 $7,090
Steven J Lins MD Director/System Chief of Staff 1.0
Director
$0 $0 $0
William Workman Director/System Vice Chief of Staff 4.6
Director
$0 $38,435 $568,374
Cheryl Johnson Sr VP Chief People Officer 4.6
Officer
$588,602 $292,220 $880,822
James Falahee Sr VP Legal & Leg. Affairs 4.6
Officer
$746,547 $338,911 $1,085,458
Michael S Way Sr VP Mat. Mgt. & Facility Svs. 4.6
Officer
$433,722 $215,563 $649,285
Rebecca L East Sr VP CFO 4.6
Officer
$886,744 $405,311 $1,292,055
Scott Larson MD Sr VP Medical Affairs/CMO 4.6
Officer
$535,686 $37,160 $572,846
Susan Reinoehl Sr VP Strategy & Comm 4.6
Officer
$458,262 $212,571 $670,833
Ashutosh Goel Sr VP IT and CIO 40.0
Key Emp
$615,570 $211,644 $827,214
Cheryl Knapp Sr VP Chief Quality Officer 40.0
Key Emp
$538,481 $197,663 $736,144
Christine Sangalli-Davis VP Chief Compliance Officer 4.6
Key Emp
$296,753 $76,107 $372,860
Elsie Bowers VP Chief Engagement 40.0
Key Emp
$350,991 $77,406 $428,397
Holly Adams VP COO Bronson Medical Group 40.0
Key Emp
$408,829 $91,037 $499,866
Joseph du Lac Sr VP, COO BBC 4.6
Key Emp
$689,085 $189,979 $879,064
Kimberly Hatchel SVP BMH COO 4.6
Key Emp
$625,246 $261,654 $886,900
Martinson Arnan Sr VP Chief Physician Executive 40.0
Key Emp
$828,674 $363,500 $1,192,174
Matthew Dommer Vice President, COO/VPMA - BLH/BSHH 10.0
Key Emp
$0 $98,030 $592,725
Kathryn Grossman Physician 40.0
Highest
$366,463 $39,992 $406,455
Meghan Cole VP Digital and Applications Ofc. 40.0
Highest
$347,841 $82,076 $429,917
Ryan Horn Senior VP and CRO 40.0
Highest
$384,628 $109,222 $493,850
Terry Morrow President of BHF & VP of Development 10.0
Highest
$354,952 $84,262 $439,214
Todd Bennett Chief Medical Information Officer 40.0
Highest
$433,499 $100,956 $534,455
John Jones JR Former Sr VP Community Care (THRU 2020) 0.0
$122,357 $0 $122,357
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 $443,191,845 $398,877,070 $429,227,577 $44,314,775
2023 $423,197,746 $379,381,814 $384,642,020 $43,815,932
2022 $350,341,675 $327,241,556 $340,932,908 $23,100,119
2021 $330,323,256 $321,408,290 $337,293,600 $8,914,966
2020 $270,857,935 $257,744,878 $333,347,703 $13,113,057
2019 $338,804,241 $377,912,869 $311,077,682 $-39,108,628
2018 $322,695,864 $269,704,487 $338,172,515 $52,991,377
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