HENRY FORD MACOMB HOSPITAL CORPORATION (EIN 382947657) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768714

Tax Period

2023-01-01 to 2023-12-31

HENRY FORD MACOMB HOSPITAL CORPORATION, founded in 1990, is a major nonprofit in the Health Care sector that reported $645.4M in total revenue in fiscal year 2023.

Mission

WE IMPROVE PEOPLE'S LIVES THROUGH EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.VISION: WE WILL BE THE TRUSTED PARTNER IN HEALTH, LEADING THE NATION IN SUPERIOR CARE AND VALUE-ONE PERSON AT A TIME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,960,126

Program Service Revenue $629,216,589

Investment Income $6,387,366

Other Revenue $2,865,473

TOTAL REVENUE $645,429,554

Expense Breakdown

Grants Paid $30,075

Salaries & Benefits $261,539,139

Fundraising Expenses $157,647

Program Expenses $594,957,537

Other Expenses $368,884,901

TOTAL EXPENSES $630,454,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645,429,554	$640,577,842	+0.0%
Expenses	$630,454,115	$631,913,679	0.0%
Net Income	$14,975,439	$8,664,163	+0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3957

Volunteers

318

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

$8,897,448

Total Directors

$5,452,125

Key Employees

$5,136,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN FORD ALANDT	DIRECTOR	1.00	Director	$0	$0	$0
JACALYN S GOFORTH	DIRECTOR	1.00	Director	$0	$0	$25,000
DAVID J BREEN	DIRECTOR-CHAIR	2.00	Officer Director	$0	$0	$50,000
JOHN F HARRIS	DIRECTOR	1.00	Director	$0	$0	$30,000
DAVID M HEMPSTEAD	DIRECTOR	1.00	Director	$0	$0	$15,000
PATRICIA A MARYLAND DRPH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES G MCCLURE JR	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL J PHELAN PHD	DIRECTOR	1.00	Director	$0	$0	$30,000
BARRY G PORTER	DIRECTOR	1.00	Director	$0	$0	$25,000
MICHAEL S RAFFERTY	DIRECTOR	1.00	Director	$0	$0	$30,000
JOSEPH J RICHARDSON JR	DIRECTOR	1.00	Director	$0	$0	$35,000
ROBERT G RINEY	DIRECTOR/ PRESIDENT/CEO	2.00	Officer Director	$0	$57,039	$4,524,962
FREDERIEK TONEY	DIRECTOR	1.00	Director	$0	$0	$35,000
EDGAR L VANN II	DIRECTOR	1.00	Director	$0	$0	$35,000
JAMES O PEABODY MD	DIRECTOR/PHYSICIAN	1.00	Director	$0	$64,205	$617,163
GERARDO NORCIA	DIRECTOR (START 12/2023)	1.00	Director	$0	$0	$0
ROBIN S DAMSCHRODER	TREASURER	2.00	Officer	$0	$61,913	$2,468,944
MICHELLE JOHNSON TIDJANI ESQ	SECRETARY (THRU 9/2023)	2.00	Officer	$0	$47,822	$1,615,611
MARJORIE A STATEN JD	SECRETARY (START 10/2023)	2.00	Officer	$0	$14,695	$237,931
BARBARA W ROSSMANN	CEO (THRU 6/2023)	60.00	Key Emp	$772,428	$598,641	$1,371,069
SHANNA JOHNSON	INTERIM CEO (START 7/2023)	30.00	Key Emp	$0	$50,380	$585,283
DENISE BROOKS-WILLIAMS	CEO- MARKETS	20.00	Key Emp	$0	$47,881	$1,689,777
TERRY A GOODBALIAN	CFO NORTH MARKET	60.00	Key Emp	$0	$57,362	$448,949
MICHAEL MARKEL JR RN	VP-OPERATIONS/CNO	60.00	Key Emp	$397,693	$51,266	$448,959
CHRISTOPHER MILBACK MD	CMO	60.00	Key Emp	$549,547	$42,926	$592,473
KENNETH A SCOTT DO	PHYSICIAN	60.00	Highest	$1,221,860	$65,218	$1,287,078
MARK T RYAN DO	PHYSICIAN	60.00	Highest	$949,009	$39,606	$988,615
PETER P LOPEZ MD	PHYSICIAN	60.00	Highest	$898,225	$54,048	$952,273
EDDIE EL-YUSSIF DO	PHYSICIAN	60.00	Highest	$940,196	$61,220	$1,001,416
RAED M ALNAJJAR MD	PHYSICIAN	60.00	Highest	$1,648,229	$63,312	$1,711,541
WILLIAM A CONWAY MD	FORMER DIRECTOR/PHYSICIAN	0.00		$0	$34,375	$201,780
KATHLEEN L YAREMCHUK MD	FORMER DIRECTOR/PHYSICIAN	0.00		$0	$58,208	$1,062,472

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	$645,429,554	$630,454,115	$633,386,055	$14,975,439
2022	$640,577,842	$631,913,679	$468,250,474	$8,664,163
2021	$653,565,323	$619,127,590	$546,856,756	$34,437,733
2020	$606,505,384	$569,103,522	$541,025,510	$37,401,862
2019	$588,499,400	$555,949,579	$410,349,956	$32,549,821
2018	$521,799,694	$504,479,798	$365,459,816	$17,319,896

HENRY FORD MACOMB HOSPITAL CORPORATION