MYMICHIGAN HEALTH

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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

LYDIA WATSON PINNEY

Phone

9898379039

Tax Period

2022-07-01 to 2023-06-30

MYMICHIGAN HEALTH, founded in 1982, is a major nonprofit in the Health Care sector that reported $214.9M in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114.0M, a strong 53% operating margin.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $76,434,776 Revenue: $209,010,166

THE HOLDING COMPANY PROVIDES ASSISTANCE TO OUR VARIOUS MEMBERS IN ORDER TO IMPROVE THE QUALITY OF CARE AND PROVIDE SERVICES AT THE LOWEST POSSIBLE COST. EXPERTISE AT THE HOLDING COMPANY LEVEL...

THE HOLDING COMPANY PROVIDES ASSISTANCE TO OUR VARIOUS MEMBERS IN ORDER TO IMPROVE THE QUALITY OF CARE AND PROVIDE SERVICES AT THE LOWEST POSSIBLE COST. EXPERTISE AT THE HOLDING COMPANY LEVEL INCLUDES STRATEGIC PLANNING, TREASURY, INFORMATION RESOURCES, HUMAN RESOURCES, INTERNAL AUDIT, FINANCE, MATERIALS MANAGEMENT AND RISK MANAGEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $98,760,159

Investment Income $112,518,108

Other Revenue $3,604,249

TOTAL REVENUE $214,882,516

Expense Breakdown

Grants Paid $180,550

Salaries & Benefits $50,370,078

Fundraising Expenses $0

Program Expenses $76,434,776

Other Expenses $50,362,309

TOTAL EXPENSES $100,912,937

Year-over-Year Comparison

	2022	2021	Change
Revenue	$214,882,516	$129,460,365	+0.7%
Expenses	$100,912,937	$102,648,708	0.0%
Net Income	$113,969,579	$26,811,657	+3.3%

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

587

Volunteers

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

$3,348,967

Total Directors

$2,652,709

Key Employees

$3,377,685

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGERS GREGORY	PRESIDENT (PART YEAR)	50.00	Officer Director	$1,558,128	$263,807	$1,821,935
POSTLER-SLATTERY DIANE	FORMER PRESIDENT	0.00		$892,422	$18,387	$910,809
WATSON PINNEY MD LYDIA	PRESIDENT (PART YEAR)	50.00	Officer Director	$738,855	$68,919	$807,774
ROSE MICHAEL	SR VP, CFO & TREASURER	50.00	Officer	$668,449	$45,209	$713,658
CROSS BRYAN	EVP & CHIEF OPERATING OFFICER	50.00	Key Emp	$630,391	$81,554	$711,945
BERG MD PAUL	CHIEF MEDICAL OFFICER	2.00	Key Emp	$0	$46,541	$661,164
JANDWANI MD PANKAJ	CHIEF INNOVATION OFFICER	50.00	Key Emp	$536,959	$13,802	$550,761
HATTEM-SCHIFFMAN MARITA	CENTRAL REGION PRESIDENT	50.00	Highest	$472,878	$38,288	$511,166
GENOVESE ROBERT	CHIEF MEDICAL INFORMATION OFFICER	50.00	Highest	$473,457	$34,207	$507,664
WALTZ DANIEL	VP CIO	50.00	Highest	$476,878	$19,587	$496,465
GREELEY MARY	CORPORATE VP	50.00	Highest	$428,153	$55,969	$484,122
PADGETT FRANCINE	FORMER SR VP, SECRETARY & TREASURER	0.00		$481,585	$0	$481,585
STOVER RAYMOND	EASTERN REGION PRESIDENT	50.00	Highest	$430,133	$47,476	$477,609
VADAKATH SUNITA	SENIOR VP AND CSO	50.00	Key Emp	$422,781	$11,794	$434,575
WARD JULIE	CHIEF HUMAN RESOURCES OFFICER	50.00	Key Emp	$390,050	$18,333	$408,383
WEBER DUAA	FORMER CHIEF HUMAN RESOURCES OFFICER	0.00		$330,846	$8,747	$339,593
SZCZEPANSKI DAVID	SYSTEM VP OF HR	50.00	Key Emp	$273,053	$34,685	$307,738
HUNT JASON	SYSTEM VP OF FINANCE	50.00	Key Emp	$263,551	$39,568	$303,119
GHILARDI GREG	FORMER SR VP & CHIEF HR OFFICER	0.00		$168,750	$0	$168,750
ELLIOTT KEVIN	DIRECTOR	2.00	Director	$5,800	$0	$5,800
MCGUIRE GARY	DIRECTOR	2.00	Director	$5,800	$0	$5,800
WHEELER JIM	DIRECTOR (PART YEAR)	2.00	Director	$5,800	$0	$5,800
SMITH ERIC	VICE CHAIR	2.00	Officer Director	$5,600	$0	$5,600
VELASQUEZ JENEE	CHAIR	2.00	Officer Director	$0	$0	$0
COX REBECCA	DIRECTOR	2.00	Director	$0	$0	$0
HENDERSON WILLIAM	DIRECTOR	2.00	Director	$0	$0	$0
HURN PATRICIA	DIRECTOR	2.00	Director	$0	$0	$0
KICKLAND MD ERICH	DIRECTOR	2.00	Director	$0	$0	$0
MIDKIFF DAVID	DIRECTOR	2.00	Director	$0	$0	$0
MILLER MD DAVID	DIRECTOR	2.00	Director	$0	$0	$0
SHACKLETON SCOTT	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
STAMAS TONY	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
WILSON AMY	DIRECTOR	2.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$214,882,516	$100,912,937	$1,369,009,095	$113,969,579
2022	$129,460,365	$102,648,708	$1,260,396,608	$26,811,657
2021	$343,130,388	$92,228,042	$1,253,347,497	$250,902,346
2020	$69,907,530	$87,630,176	$954,174,034	$-17,722,646
2019	$127,504,403	$83,775,027	$950,268,726	$43,729,376
2018	$130,185,091	$75,595,332	$918,248,008	$54,589,759
2017	$136,817,485	$68,738,271	$873,064,602	$68,079,214