ASCENSION MICHIGAN HOME OFFICE fka Borgess Ambulatory Care Corporation

EIN: 382468823 501(c)(3)

ST LOUIS, MO

Total Revenue
$-322,304,955
Total Expenses
$51,351,712
Total Assets
$52,943,783
Net Assets
$-29,197,542
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MI
Phone
3147338000
Tax Period
2024-07-01 to 2025-06-30

ASCENSION MICHIGAN HOME OFFICE fka Borgess Ambulatory Care Corporation, founded in 1982, is a micro nonprofit that reported $322.3M in total revenue in fiscal year 2024.

Mission

To improve the health and well-being of all people in the communities we serve.

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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 $6,099,270
Program Service Revenue $69,714,543
Investment Income $-398,339,550
Other Revenue $220,782
TOTAL REVENUE $-322,304,955

Expense Breakdown

Grants Paid $0
Salaries & Benefits $-4,673,930
Fundraising Expenses $91
Program Expenses $19,452,284
Other Expenses $56,025,642
TOTAL EXPENSES $51,351,712

Year-over-Year Comparison

2024 2023 Change
Revenue $-322,304,955 N/A N/A
Expenses $51,351,712 N/A N/A
Net Income $-373,656,667 $0 N/A
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
6
Independent Members
1
Employees
312
Volunteers
10

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
10
$22,534,418
Total Directors
16
$21,233,241
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL L SCHMIDT MINISTRY MARKET EXECUTIVE/PRESIDENT 0.0
Officer Director
$0 $45,856 $2,826,319
CHRISTINE K MCCOY JD VICE CHAIR (START 10/2024) 0.0
Officer Director
$0 $385,984 $5,287,112
EDUARDO F CONRADO CHAIR (START 10/2024) 0.0
Officer Director
$0 $734,713 $10,919,629
JAMES BOLES MD SECRETARY/TREASURER (END 9/2024) 1.0
Officer Director
$0 $0 $0
LESLIE A MURPHY CPA CHAIR (END 9/2024) 1.0
Officer Director
$0 $0 $0
RENEE BRANCH CANADY VICE CHAIR (END 9/2024) 1.0
Officer Director
$0 $0 $0
SAURABH TRIPATHI TREASURER (START 10/2024) 0.0
Officer Director
$0 $41,575 $929,937
TOM ALOIA SECRETARY (START 10/2024) 1.0
Officer Director
$0 $0 $0
AVEC O'BRIEN DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
DAVID SAUNDERS DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
JAMES BAILEY BABEL MD DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $12,056
JEFFERY ZAKS DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
KENNETH STREIBEL DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
PHYLLIS D MEADOWS DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
SCOTT ALAN CIHAK EX-OFFCIO (START 10/2024) 0.0
Director
$0 $44,178 $1,258,188
SUSAN POZO DIRECTOR (END 9/2024) 1.0
Director
$0 $0 $0
MICHAEL MCCULLOUGH CFO, MINISTRY MARKET (END 9/2024) 0.0
Officer
$0 $46,446 $1,146,026
SARAH HERZOG ASSISTANT SECRETARY (START 10/2024) 0.0
Officer
$0 $39,459 $1,425,395
GUADALUPE CHAVEZ PHARMACIST 50.0
Highest
$130,845 $25,678 $156,523
KELSEY ERNST PHARMACIST 50.0
Highest
$131,154 $15,396 $146,550
MARC L CULLEN MD PHYSICIAN (END 7/2024) 50.0
Highest
$143,532 $49,245 $681,318
NATHAN L KANOUS PHARMACIST 50.0
Highest
$177,398 $40,065 $217,463
DOUGLAS TODD MYERS FORMER OFFICER (END 3/2023) 0.0
$0 $0 $383,721
JONATHAN SAMUEL NALLI FACHE FORMER OFFICER (END 12/2022) 0.0
$0 $6,250 $949,654
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 $-322,304,955 $51,351,712 $52,943,783 $-373,656,667
2020 No data $786 $330 No data
2019 No data $961 $22 No data
2018 No data $-83 $81,892 No data
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