Ascension Michigan CMG (EIN 382601348) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

Ascension Michigan CMG, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $50.7M in total revenue in fiscal year 2023. Expenses of $63.5M exceeded revenue, resulting in a 25% operating deficit.

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,708,265

Investment Income $0

Other Revenue $37

TOTAL REVENUE $50,708,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,679,810

Other Expenses $63,483,752

TOTAL EXPENSES $63,483,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,708,302	$49,172,604	+0.0%
Expenses	$63,483,752	$63,702,144	0.0%
Net Income	$-12,775,450	$-14,529,540	-0.1%

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

$3,512,193

Total Directors

$2,555,848

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CAROL L SCHMIDT	MINISTRY MARKET EXECUTIVE/PRESIDENT	Officer Director	$0	$93,945	$2,555,848
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET	Officer	$0	$41,393	$956,345
DOUGLAS TODD MYERS	FORMER OFFICER (END 3/2023)		$0	$12,783	$648,758
JONATHAN SAMUEL NALLI FACHE	FORMER OFFICER (END 12/2022)		$0	$28,253	$2,344,273

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	$50,708,302	$63,483,752	$7,762,942	$-12,775,450
2023	$49,172,604	$63,702,144	$8,064,328	$-14,529,540
2022	$45,482,130	$61,015,759	$8,104,823	$-15,533,629
2021	$49,102,663	$57,531,989	$10,296,135	$-8,429,326
2020	$40,738,480	$57,893,298	$7,991,328	$-17,154,818
2019	$42,760,622	$54,355,749	$10,425,274	$-11,595,127
2018	$41,938,731	$48,547,520	$10,867,621	$-6,608,789

Ascension Michigan CMG