MUNSON HEALTHCARE

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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

Principal Officer

EDWIN A NESS

Phone

2319355000

Tax Period

2024-07-01 to 2025-06-30

MUNSON HEALTHCARE, founded in 1985, is a major nonprofit that reported $275.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $259.2M left a modest 6% surplus.

Mission

MUNSON HEALTHCARE AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $190,324,325 Revenue: $208,757,066

PARENT HOLDING COMPANY FOR CORPORATIONS PROVIDING HEALTH CARE AND RELATED SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,035,061

Program Service Revenue $208,810,134

Investment Income $63,196,225

Other Revenue $2,405,501

TOTAL REVENUE $275,446,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,397,558

Fundraising Expenses $267,713

Program Expenses $190,324,325

Other Expenses $125,782,540

TOTAL EXPENSES $259,180,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,446,921	$244,956,663	+0.1%
Expenses	$259,180,098	$220,237,213	+0.2%
Net Income	$16,266,823	$24,719,450	-0.3%

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

3046

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

$821,715

Total Directors

$4,155,735

Key Employees

$2,962,763

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN A NESS	PRESIDENT	40.00	Director	$2,668,995	$253,876	$2,922,871
LAURA GLENN	MHC SYSTEM C	40.00	Key Emp	$1,029,397	$111,766	$1,141,163
PAUL KONOPACKI	CFO	40.00	Officer	$708,738	$92,977	$801,715
DINO RECCHIA MD	DIRECTOR	1.00	Director	$0	$31,094	$746,394
MICHAEL SAAD	CIO	40.00	Key Emp	$642,819	$73,247	$716,066
JOSEPH SANTANGELO MD	CF MED, QUAL	40.00	Highest	$585,069	$70,781	$655,850
SHELLEY SPENCER	CHIEF HUMAN	40.00	Key Emp	$513,827	$65,398	$579,225
ELLEN SMITH	PRES AMB SER	40.00	Highest	$538,574	$9,670	$548,244
GARRICK CVITKOVICH MD	SURGEON	1.00	Highest	$2,221	$37,535	$543,507
RACHEL ROE	CHIEF LEGAL	40.00	Key Emp	$458,820	$67,489	$526,309
KIRSTEN KORTH WHITE	EAST REGION	0.00	Highest	$454,581	$55,874	$510,455
DIANA CURRAN GALES MD	PHYSICIAN	11.00	Highest	$118,715	$40,733	$487,545
JODI WICK	FORMER INTER	40.00		$403,725	$33,920	$437,645
VINCENT SCHULTZ MD	DIRECTOR	1.00	Director	$0	$45,583	$401,470
KENNETH BLOEM	CHAIR	12.00	Officer Director	$5,000	$0	$5,000
MATT BULLOCH	DIRECTOR	1.00	Director	$5,000	$0	$5,000
NICK CEGLAREK	DIRECTOR	1.00	Director	$5,000	$0	$5,000
KATHY DIXON	DIRECTOR	1.00	Director	$5,000	$0	$5,000
JENNIFER KING	DIRECTOR	1.00	Director	$5,000	$0	$5,000
KARL KLIMEK	DIRECTOR	1.00	Director	$5,000	$0	$5,000
RUTH HOPPE MD	V CHAIR	8.00	Officer Director	$5,000	$0	$5,000
DAVE MENGEBIER	TREASURER	6.00	Officer Director	$5,000	$0	$5,000
KIM MORLEY	DIRECTOR	1.00	Director	$5,000	$0	$5,000
TIM NELSON	SECRETARY	7.00	Officer Director	$5,000	$0	$5,000
ANDY PAGE	DIRECTOR	1.00	Director	$5,000	$0	$5,000
BRIAN POSTMA	DIRECTOR	2.00	Director	$5,000	$0	$5,000
OWEN ROBERTS	DIRECTOR	2.00	Director	$5,000	$0	$5,000
MARY SANDERS	DIRECTOR	3.00	Director	$5,000	$0	$5,000
KRISTINE THOMAS	DIRECTOR	3.00	Director	$5,000	$0	$5,000
TOM VERYSER	DIRECTOR	1.00	Director	$5,000	$0	$5,000
ELAINE WOOD	DIRECTOR	6.00	Director	$5,000	$0	$5,000
DAVID MCCURDY	DIRECTOR	3.00	Director	$0	$0	$0
SAKURA TAKANO	DIRECTOR	1.00	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	$275,446,921	$259,180,098	$1,148,955,862	$16,266,823
2024	$244,956,663	$220,237,213	$1,040,548,918	$24,719,450
2023	$215,104,064	$177,944,518	$956,335,905	$37,159,546
2022	$109,457,922	$129,158,072	$106,124,577	$-19,700,150
2021	$96,733,735	$106,911,972	$122,228,046	$-10,178,237
2020	$93,690,458	$101,917,662	$101,129,254	$-8,227,204
2019	$82,954,282	$89,188,893	$92,091,353	$-6,234,611
2018	$77,831,809	$76,431,734	$92,950,830	$1,400,075