MYMICHIGAN HEALTH DEVELOPMENT ASSO… - Form 990 Financial Data

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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

Principal Officer

JEFFREY WAGNER

Phone

9898393181

Tax Period

2020-07-01 to 2021-06-30

MYMICHIGAN HEALTH DEVELOPMENT ASSOCIATES, founded in 1982, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2020. Expenses of $6.6M left a modest 4% surplus.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $6,284,749 Revenue: $6,910,472

MYMICHIGAN HEALTH DEVELOPMENT ASSOCIATES LEASES QUALITY PROFESSIONAL OFFICE SPACE IN ALPENA, BAY, CLARE, GLADWIN, GRATIOT, ISABELLA, MIDLAND AND SAGINAW COUNTIES, WITHOUT REGARD TO RACE, COLOR, SEX, NATIONAL ORIGIN, OR ECONOMIC CONDITION. SPACE IS LEASED TO SUPPORT MEDICAL SERVICES THROUGHOUT MYMICHIGAN HEALTH'S SERVICE AREA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,917,059

Investment Income $-10,498

Other Revenue $3,911

TOTAL REVENUE $6,910,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,284,749

Other Expenses $6,615,804

TOTAL EXPENSES $6,615,804

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,910,472	$6,488,930	+0.1%
Expenses	$6,615,804	$6,207,557	+0.1%
Net Income	$294,668	$281,373	+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

Governance

Voting Members

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

$3,658,256

Total Directors

$4,687,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
POSTLER-SLATTERY DIANE	DIRECTOR	2.00	Director	$0	$280,773	$2,044,281
ROGERS GREGORY	CHAIR	2.00	Officer Director	$0	$279,300	$1,646,862
PADGETT FRANCINE	SECRETARY/TREASURER (PART YEAR)	2.00	Officer	$0	$279,485	$1,450,031
STOVER RAYMOND	DIRECTOR	2.00	Director	$0	$107,450	$614,878
WAGNER JEFFREY	PRESIDENT	2.00	Officer Director	$0	$87,379	$381,681
ROSE MICHAEL	SECRETARY/TREASURER (PART YEAR)	2.00	Officer	$0	$3,239	$179,682

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	$6,910,472	$6,615,804	No data	$294,668
2020	$6,488,930	$6,207,557	$57,914,792	$281,373
2019	$6,438,520	$6,253,700	$60,250,891	$184,820
2018	$4,826,091	$5,601,087	$57,240,341	$-774,996

MYMICHIGAN HEALTH DEVELOPMENT ASSOCIATES