MCLAREN LAPEER REGION

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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

1986

Legal Domicile

Principal Officer

TIM VARGAS

Phone

8106625500

Tax Period

2023-10-01 to 2024-09-30

MCLAREN LAPEER REGION, founded in 1986, is a major nonprofit in the Health Care sector that reported $164.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $149.9M left a modest 9% surplus.

Mission

MCLAREN HEALTH CARE, THROUGH ITS SUBSIDIARIES, WILL BE THE BEST VALUE IN HEALTH CARE AS DEFINED BY QUALITY OUTCOMES AND COST.

Program Service Accomplishments

Program 1

Expenses: $127,680,626 Revenue: $157,394,055

PROVISION OF MEDICAL SERVICES FOR THE INPATIENT AND OUTPATIENT CARE OF PERSONS SUFFERING FROM ILLNESS, INJURY AND DISABILITY; FOR THE PREVENTION OF ILLNESS, INJURY AND DISABILITY AND FOR THE...

PROVISION OF MEDICAL SERVICES FOR THE INPATIENT AND OUTPATIENT CARE OF PERSONS SUFFERING FROM ILLNESS, INJURY AND DISABILITY; FOR THE PREVENTION OF ILLNESS, INJURY AND DISABILITY AND FOR THE MAINTENANCE OF HEALTH. SELECTED ACTIVITY STATISTICS ARE PRESENTED. 31,641 PATIENT DAYS, 27,429 EMERGENCY ROOM VISITS, 6,006 DISCHARGES, 118,625 OUTPATIENT VISITS, AND 131 BIRTHS.

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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 $1,761,694

Program Service Revenue $157,255,145

Investment Income $4,485,918

Other Revenue $658,461

TOTAL REVENUE $164,161,218

Expense Breakdown

Grants Paid $29,847

Salaries & Benefits $65,266,158

Fundraising Expenses $0

Program Expenses $127,680,626

Other Expenses $84,632,744

TOTAL EXPENSES $149,928,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,161,218	$146,031,483	+0.1%
Expenses	$149,928,749	$138,584,118	+0.1%
Net Income	$14,232,469	$7,447,365	+0.9%

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

1051

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

$1,828,522

Total Directors

$2,653,477

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON JUSTUS SCOTT	CHAIRMAN	1.00	Director	$0	$0	$35,000
DR KENNETH TARR	VICE CHAIRMAN	1.00	Director	$0	$0	$0
CHAD GRANT	TRUSTEE/MCLAREN COO	1.00	Director	$0	$44,181	$1,995,480
TIM VARGAS	PRESIDENT AND CEO	41.00	Officer Director	$0	$99,777	$622,997
NEENA SHARMA MD	MEDICAL CHIEF OF STAFF - PART YEAR	1.00	Director	$0	$0	$0
D WESLEY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MAJED NOUNOU MD	MEDICAL CHIEF OF STAFF	1.00	Director	$0	$0	$0
MICHAEL BURKE	TRUSTEE	1.00	Director	$0	$0	$0
RICK BURROUGH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT RIEHL	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANY DAVIS	V.P. & CFO	41.00	Officer	$61,848	$4,008	$65,856
FRED KORTE	REGIONAL CFO	20.00	Officer	$0	$25,244	$492,415
JOSEPH ZAJCHOWSKI	CMO	40.00	Officer	$376,110	$34,615	$410,725
MARY SPANKE	V.P PATIENT CARE SRV'S CNO	40.00	Officer	$231,462	$5,067	$236,529
MYROSLAV HARHULA	PHYSICIAN-HOSPITALIST	40.00	Highest	$426,232	$35,075	$461,307
MOHAMMED SIDDIQUI	PHYSICIAN-HOSPITALIST	40.00	Highest	$439,353	$38,450	$477,803
ALBANA AMANDA CAMAJ	PHYSICIAN-HOSPITALIST	40.00	Highest	$191,392	$3,525	$194,917
KENT ALLEN	H.R. DIRECTOR	40.00	Highest	$169,450	$15,782	$185,232
JOSEPH W FELTON	PHARMACIST	40.00	Highest	$160,820	$29,458	$190,278

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	$164,161,218	$149,928,749	$179,364,862	$14,232,469
2023	$146,031,483	$138,584,118	$155,839,311	$7,447,365
2023	$146,031,483	$138,584,118	$155,839,311	$7,447,365
2022	$140,060,439	$137,171,020	$145,655,448	$2,889,419
2021	$151,502,680	$138,334,396	$178,724,124	$13,168,284
2020	$137,740,091	$125,546,066	$167,479,396	$12,194,025
2019	$137,459,389	$124,761,479	$115,832,993	$12,697,910
2018	$132,873,007	$120,924,239	$109,997,622	$11,948,768