MUNSON HEALTHCARE FOUNDATIONS (EIN 382642724) - 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

1985

Legal Domicile

Principal Officer

DEBRA HENDERSON

Phone

2319355000

Tax Period

2022-07-01 to 2023-06-30

MUNSON HEALTHCARE FOUNDATIONS, founded in 1985, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2022. Expenses of $16.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

INSPIRING CHARITABLE SUPPORT TO ENHANCE HEALTH CARE FOR THE PEOPLE OF NORTHERN MICHIGAN. THE PURPOSES FOR WHICH MUNSON HEALTHCARE FOUNDATIONS IS ORGANIZED ARE: A) TO PROVIDE SUPPORT FOR THE OBJECTS AND PURPOSES OF MUNSON HEALTHCARE, A MICHIGAN NONPROFIT CORPORATION AND ITS AFFILIATES; B) TO ASSIST IN A CHARITABLE MANNER, IN THE ACCOMPLISHMENT OF THE HEALTH CARE PURPOSES OF MUNSON HEALTHCARE AND ITS AFFILIATES; C) TO OBTAIN FUNDS TO SUPPORT PUBLIC CHARITIES IN THE AREA OF HEALTH MAINTENANCE, EDUCATION AND PREVENTION OF DISEASES; D) TO PROVIDE A BENEFIT TO MUNSON HEALTHCARE AND ITS AFFILIATES BY DISTRIBUTING INCOME OR TRANSFERRING ASSETS TO OR OTHERWISE SUPPORTING THEM; E) TO PARTICIPATE TO THE FULLEST EXTENT POSSIBLE WITHIN THE RESTRICTIONS OF THE CORPORATION'S FUNDS AND ASSETS IN ANY ACTIVITY DESIGNED AND CARRIED ON TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY; F) TO PARTICIPATE IN ESTABLISHING AND ACHIEVING MUNSON HEALTHCARE'S REGIONAL FUNDRAISING TARGETS AND GOALS IN ACCORDANCE WIT

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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 $8,907,708

Program Service Revenue $1,413,673

Investment Income $800,227

Other Revenue $-3,743

TOTAL REVENUE $11,117,865

Expense Breakdown

Grants Paid $14,581,369

Salaries & Benefits $1,175,941

Fundraising Expenses $1,328,976

Program Expenses $14,581,369

Other Expenses $393,965

TOTAL EXPENSES $16,153,075

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,117,865	$10,371,970	+0.1%
Expenses	$16,153,075	$9,747,968	+0.7%
Net Income	$-5,035,210	$624,002	-9.1%

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

Employees

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

$1,095,785

Total Directors

$3,399,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN NESS	DIRECTOR	1.00	Director	$0	$229,071	$2,303,995
ALICIA M MAITLAND	CFO PT-YR	2.00	Officer Director	$0	$27,634	$463,262
KATHLEEN MALY	INERIM CFO P	2.00	Officer Director	$0	$32,174	$320,564
DEBRA HENDERSON	PRESIDENT	40.00	Officer Director	$0	$35,224	$311,959
DESIREE WORTHINGTON	FORMER PRESI	N/A		$0	$0	$215,321
PAMELA ANDERSON	SEC/TREAS/VI	2.00	Officer Director	$0	$0	$0
PATRICK CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
HALLIE CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY DIXON	CHAIR	1.00	Officer Director	$0	$0	$0
PHIL HOFWEBER	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE KOSLA	DIRECTOR	1.00	Director	$0	$0	$0
RAY LUDWA	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN MULADORE	CHAIR	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$11,117,865	$16,153,075	$70,851,007	$-5,035,210
2022	$10,371,970	$9,747,968	$72,204,145	$624,002
2021	$14,056,196	$9,703,118	$80,220,847	$4,353,078
2020	$11,087,602	$5,565,975	$70,064,005	$5,521,627
2019	$9,615,608	$9,909,795	$61,082,818	$-294,187
2018	$9,823,227	$10,132,894	$57,858,598	$-309,667

MUNSON HEALTHCARE FOUNDATIONS