SCHEURER HOSPITAL FOUNDATION

EIN: 382768092 501(c)(3) Health Care

PIGEON, MI

Total Revenue
$113,704
Total Expenses
$7,430
Total Assets
$1,531,729
Net Assets
$1,530,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MI
Principal Officer
ROSS RAMSEY
Phone
9894535204
Tax Period
2022-07-01 to 2023-06-30

SCHEURER HOSPITAL FOUNDATION, founded in 1987, is a small nonprofit in the Health Care sector that reported $114K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $106K, a strong 93% operating margin.

Mission

SCHEURER HOSPITAL FOUNDATION RECEIVES AND MANAGES DONATIONS UTILIZED FOR REPLACEMENT AND EXPANSION OF EXISTING FACILITIES, TO PURCHASE AND UPGRADE EQUIPMENT, AND TO PROVIDE COMMUNITY AND INDIVIDUAL BENEFIT FOR THE COMMUNITY SERVED BY SCHEURER HOSPITAL.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $21,119
Program Service Revenue $0
Investment Income $48,721
Other Revenue $43,864
TOTAL REVENUE $113,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,416
Other Expenses $7,430
TOTAL EXPENSES $7,430

Year-over-Year Comparison

2022 2021 Change
Revenue $113,704 $100,317 +0.1%
Expenses $7,430 $2,693 +1.8%
Net Income $106,274 $97,624 +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

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Governance

Voting Members
7
Independent Members
5
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
4
$5,400
Total Directors
2
$2,835
Key Employees
3
$1,154,259
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS RAMSEY CEO SCHEURER 1.00
Key Emp
$0 $23,075 $666,637
TERRANCE LERASH CEO SCHEURER 1.00
$0 $31,823 $358,683
TERRY LUTZ CFO/VP SCHEU 1.00
Key Emp
$0 $23,246 $251,321
ALI KHAN MD TRUSTEE 1.00
Key Emp
$0 $23,519 $236,301
MICHAEL NANZER CEO SCHEURER 1.00
$0 $4,415 $194,159
SCOTT MEYERSIECK CHAIRMAN 1.00
Officer
$0 $0 $1,620
RHONDA WISENBAUGH TRUSTEE 1.00
Director
$0 $0 $1,485
PEGGY MCCORMICK TRUSTEE 1.00
Director
$0 $0 $1,350
JAY DUBEY VICE CHAIRMA 1.00
Officer
$0 $0 $1,350
COLLEEN POISSON SECRETARY 1.00
Officer
$0 $0 $1,350
JOHN SCHAEFER TREASURER 1.00
Officer
$0 $0 $1,080
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 $113,704 $7,430 $1,531,729 $106,274
2022 $100,317 $2,693 $1,394,686 $97,624
2021 $77,584 $5,426 $1,357,382 $72,158
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