MCLAREN NORTHERN MICHIGAN FOUNDATION

EIN: 382445611 501(c)(3) Health Care

PETOSKEY, MI

Total Revenue
$5,328,050
Total Expenses
$6,059,583
Total Assets
$39,489,808
Net Assets
$39,185,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MI
Principal Officer
GARFIELD ATCHISON
Phone
2314874094
Tax Period
2023-10-01 to 2024-09-30

MCLAREN NORTHERN MICHIGAN FOUNDATION, founded in 1982, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2023. Expenses of $6.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO RECEIVE AND ADMINISTER FUNDS TO SUPPORT THE MISSION OF MCLAREN NORTHERN MICHIGAN AND SUPPORT PROGRAMS THAT ENHANCE THE WELL-BEING OF THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,893,545
Program Service Revenue $0
Investment Income $1,432,511
Other Revenue $1,994
TOTAL REVENUE $5,328,050

Expense Breakdown

Grants Paid $4,005,837
Salaries & Benefits $1,364,389
Fundraising Expenses $741,020
Program Expenses $4,005,837
Other Expenses $689,357
TOTAL EXPENSES $6,059,583

Year-over-Year Comparison

2023 2022 Change
Revenue $5,328,050 $5,308,023 +0.0%
Expenses $6,059,583 $16,479,285 -0.6%
Net Income $-731,533 $-11,171,262 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
19
Volunteers
15

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
13
$2,323,198
Total Directors
19
$603,988
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNEY FONT TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT SCHIRMER VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELISE FISHER CHAIRMAN 5.00
Officer Director
$0 $0 $0
TODD BURCH TRUSTEE & PRESIDENT/CEO 0.50
Officer Director
$0 $33,953 $568,373
GARFIELD ATCHISON TRUSTEE & PRESIDENT/CEO 0.50
Officer Director
$0 $2,770 $35,615
MIRIAM HOLLAR SECRETARY 1.00
Officer Director
$0 $0 $0
PATRICK LEAVY TRUSTEE 0.50
Director
$0 $0 $0
TRACY SOUDER TRUSTEE 0.50
Director
$0 $0 $0
STEVEN C CROSS TRUSTEE 0.50
Director
$0 $0 $0
ROGAN SAAL TRUSTEE 0.50
Director
$0 $0 $0
ROBERT BUHL TRUSTEE 0.50
Director
$0 $0 $0
JAMES RIEHL III TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW FRENTZ TRUSTEE 2.50
Director
$0 $0 $0
MATTHEW KRIEGER TRUSTEE 0.50
Director
$0 $0 $0
JAMES C SCHROEDER TRUSTEE 0.50
Director
$0 $0 $0
KATHIE NIHLS TRUSTEE 0.50
Director
$0 $0 $0
ARTHUR HAILAND III TRUSTEE 0.50
Director
$0 $0 $0
KAL ATTIE TRUSTEE - PART YEAR 0.50
Director
$0 $0 $0
KATIE COLEMAN TRUSTEE - PART YEAR 0.50
Director
$0 $0 $0
JOHN KENNEDY VP, CMO - STARTED IN 2024 0.50
Officer
$0 $0 $0
JULIE K JAREMA VP PHILANTHROPY 28.00
Officer
$189,814 $27,594 $217,408
DAVID MONAN VP, CNO 0.50
Officer
$0 $27,522 $204,625
MICHAEL PRUSAITIS VP OF FINANCE/CFO 5.00
Officer
$0 $32,264 $336,090
ANDREW MCDONAGH VP, CMO 0.50
Officer
$0 $38,573 $409,675
SHARI SCHULT VP OPERATIONS - PART YEAR 0.50
Officer
$0 $13,718 $261,622
BRENT MALLEK VP OF HR - PART YEAR 0.50
Officer
$0 $13,601 $289,790
DEBBIE ROSENBURG VP OF HUMAN RESOURCES FORMER 5.00
$0 $0 $126,357
LAURA DANIEL VP PATIENT SVCS CNO - PART YEAR 0.50
$0 $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 $5,328,050 $6,059,583 $39,489,808 $-731,533
2023 $5,308,023 $16,479,285 $35,246,741 $-11,171,262
2023 $5,308,023 $16,479,285 $35,246,741 $-11,171,262
2022 $9,247,585 $13,819,071 $43,187,256 $-4,571,486
2021 $13,487,084 $12,719,088 $57,771,881 $767,996
2020 $10,250,683 $10,139,067 $53,235,493 $111,616
2019 $10,562,404 $11,116,669 $52,442,438 $-554,265
2018 $20,009,270 $9,771,896 $52,034,127 $10,237,374
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