Seton Healthcare Corporation of Southeast Michigan

EIN: 382820107

ST LOUIS, MO

Total Revenue
$2,656,017
Total Expenses
$4,066,949
Total Assets
$1,141,336
Net Assets
$532,729
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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
MI
Phone
3147338000
Tax Period
2023-07-01 to 2024-06-30

Seton Healthcare Corporation of Southeast Michigan, founded in 1986, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

To improve the health and well-being of all 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $137,950
Program Service Revenue $2,440,010
Investment Income $0
Other Revenue $78,057
TOTAL REVENUE $2,656,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,288,606
Fundraising Expenses $0
Program Expenses $3,119,971
Other Expenses $1,778,343
TOTAL EXPENSES $4,066,949

Year-over-Year Comparison

2023 2022 Change
Revenue $2,656,017 $3,518,164 -0.2%
Expenses $4,066,949 $8,657,174 -0.5%
Net Income $-1,410,932 $-5,139,010 -0.7%
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
12
Independent Members
N/A
Employees
71
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
2
$3,512,193
Total Directors
12
$8,358,776
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL L SCHMIDT MINISTRY MARKET EXECUTIVE/PRESIDENT 0.0
Officer Director
$0 $93,945 $2,555,848
DONALD R ELLIS III MD DIRECTOR 0.0
Director
$0 $53,546 $456,567
JAMILA N TAYLOR MD DIRECTOR 0.0
Director
$0 $25,496 $281,414
KEVIN YOUNGS MD DIRECTOR 0.0
Director
$0 $55,500 $493,598
LEONARD JOHNSON MD DIRECTOR 0.0
Director
$0 $27,063 $402,162
MARCUS EBER DEGRAW MD DIRECTOR 0.0
Director
$0 $55,742 $572,186
MICHAEL WIEMANN MD EX-OFFICIO 0.0
Director
$0 $48,864 $823,400
ROBERT PETER CAMARA DO CHAIR 0.0
Director
$0 $49,748 $518,121
SRIDHAR RAO MD DIRECTOR 0.0
Director
$0 $51,873 $575,313
STUART R VERSEMAN MD DIRECTOR 0.0
Director
$0 $39,836 $702,435
THOMAS KLEIN DIRECTOR 0.0
Director
$0 $34,147 $464,373
WILLIAM EDGAR MD DIRECTOR 0.0
Director
$0 $39,356 $513,359
MICHAEL MCCULLOUGH CFO, MINISTRY MARKET 0.0
Officer
$0 $41,393 $956,345
JENNIFER PALACE RN REGISTERED NURSE (END 6/2023) 50.0
Highest
$112,933 $2,422 $115,355
KYLE JOHN ZIEGLER PROJECT MANAGER 50.0
Highest
$107,959 $35,389 $143,348
LYNN DONOHUE MD PHYSICIAN 50.0
Highest
$270,177 $29,367 $299,544
MARK H EVENINGRED PHYSICAL THERAPIST 50.0
Highest
$101,742 $25,644 $127,386
PAUL CULLIS MD PHYSICIAN 50.0
Highest
$500,718 $12,250 $512,968
BROOKE JOHNSON FORMER OFFICER (END 6/2019) 0.0
$0 $22,976 $322,381
DOUGLAS TODD MYERS FORMER OFFICER (END 3/2023) 0.0
$0 $12,783 $648,758
JONATHAN SAMUEL NALLI FACHE FORMER OFFICER (END 12/2022) 0.0
$0 $28,253 $2,344,273
KEVIN GRADY MD FORMER OFFICER (END 6/2022) 0.0
$0 $47,601 $886,260
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 $2,656,017 $4,066,949 $1,141,336 $-1,410,932
2023 $3,518,164 $8,657,174 $1,316,628 $-5,139,010
2022 $5,622,283 $10,800,908 $1,962,641 $-5,178,625
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