ASCENSION MICHIGAN

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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

1985

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

ASCENSION MICHIGAN, founded in 1985, is a major nonprofit in the Human Services sector that reported $148.4M in total revenue in fiscal year 2022.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $108,848,028 Revenue: $148,367,822

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. in fiscal year 2023, ascension michigan, Serving as a clinically integrated system of care, provided management services to ascension michigan entities to support their efforts in improving the health and welfare of 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 (2022)

Revenue Breakdown

Contributions & Grants $3,582

Program Service Revenue $148,276,223

Investment Income $0

Other Revenue $91,599

TOTAL REVENUE $148,371,404

Expense Breakdown

Grants Paid $3,175

Salaries & Benefits $33,717,579

Fundraising Expenses $0

Program Expenses $108,848,028

Other Expenses $122,608,202

TOTAL EXPENSES $156,328,956

Year-over-Year Comparison

	2022	2021	Change
Revenue	$148,371,404	$145,528,446	+0.0%
Expenses	$156,328,956	$147,273,968	+0.1%
Net Income	$-7,957,552	$-1,745,522	+3.6%

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

251

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

$9,614,452

Total Directors

$7,836,015

Key Employees

$1,769,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	MINISTRY MARKET EXECUTIVE/PRESIDENT (START 1/2023)	0.0	Officer Director	$0	$37,944	$1,585,940
N/A	INTERIM MARKET PRESIDENT (START 8/2022 - END 12/2022)	0.0	Officer Director	$0	$54,191	$2,386,194
N/A	PRESIDENT (END 8/2022)	0.0	Officer Director	$0	$47,680	$3,857,281
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$6,600
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CFO, MINISTRY MARKET (START 7/2022 - END 3/2023)	0.0	Officer	$0	$19,904	$333,808
N/A	CFO, MINISTRY MARKET (START 3/2023)	0.0	Officer	$0	$35,511	$705,557
N/A	CFO, MINISTRY MARKET (END 7/2022)	0.0	Officer	$0	$32,554	$745,672
N/A	CHIEF MEDICAL OFFICER (END 7/2022)	50.0	Key Emp	$683,194	$27,987	$711,181
N/A	CHIEF NURSING OFFICER	50.0	Key Emp	$582,615	$37,951	$620,566
N/A	CHIEF OPERATING OFFICER	50.0	Key Emp	$415,649	$22,600	$438,249
N/A	VP, CLINICAL SERVICE LINE	50.0	Highest	$283,022	$21,223	$304,245
N/A	VP, STRATEGY	50.0	Highest	$372,668	$46,378	$419,046
N/A	PHYSICIAN ADVISOR (END 11/2022)	50.0	Highest	$350,593	$33,348	$383,941
N/A	VP, PHARMACY	50.0	Highest	$369,822	$39,435	$409,257
N/A	PRESIDENT, ASCENSION MEDICAL GROUP	50.0	Highest	$781,104	$44,905	$826,009
N/A	FORMER KEY EMPLOYEE (END 12/2020)	0.0		$0	$51,899	$1,323,291
N/A	FORMER OFFICER (END 2/2022)	0.0		$0	$9,189	$1,706,712

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	$148,371,404	$156,328,956	$26,273,892	$-7,957,552
2022	$145,528,446	$147,273,968	$44,495,955	$-1,745,522
2021	$140,150,374	$128,228,209	$23,891,639	$11,922,165
2020	$142,660,673	$135,234,750	$22,551,369	$7,425,923
2019	$106,123,241	$107,020,055	$18,448,392	$-896,814