MCLAREN MEDICAL GROUP (EIN 382988086) - 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

1985

Legal Domicile

Principal Officer

BRIAN BALUTANSKI

Phone

8103422000

Tax Period

2023-10-01 to 2024-09-30

MCLAREN MEDICAL GROUP, founded in 1985, is a major nonprofit in the Health Care sector that reported $120.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

MCLAREN HEALTH CARE CORPORATION, ALONG WITH ITS SUBSIDIARIES, WILL BE MICHIGAN'S BEST VALUE IN HEALTHCARE AS DEFINED BY QUALITY OUTCOMES AND COST.

🔒

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 $0

Program Service Revenue $119,938,973

Investment Income $0

Other Revenue $120,644

TOTAL REVENUE $120,059,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,712,616

Fundraising Expenses $0

Program Expenses $84,220,529

Other Expenses $47,910,088

TOTAL EXPENSES $126,622,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,059,617	$89,191,424	+0.3%
Expenses	$126,622,704	$89,953,125	+0.4%
Net Income	$-6,563,087	$-761,701	+7.6%

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

N/A

Employees

991

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

$14,681,945

Total Directors

$19,525,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP INCARNATI	CHAIRMAN/MHC PRESIDENT & CEO	1.00	Officer Director	$0	$48,318	$11,859,773
TIMOTHY LOGAN MD	DIRECTOR	40.00	Director	$937,445	$71,824	$1,009,269
CHAD GRANT	DIRECTOR/MHC EXEC. VP COO	1.00	Director	$0	$44,181	$1,995,480
BRADLEY ROPP MD	DIRECTOR	40.00	Director	$563,662	$52,515	$616,177
DAVID MAZURKIEWICZ	DIRECTOR/MHC EXEC. VP & CFO	1.00	Officer Director	$0	$41,435	$2,482,024
JUSTIN KLAMERUS MD	DIRECTOR/MHC CHIEF CLINICAL OFF.	1.00	Director	$0	$28,241	$1,562,617
BINESH PATEL MD	MMG CEO	40.00	Director	$0	$0	$0
ADAM PUTVIN	VP CFO - PART YEAR	40.00	Officer	$275,462	$64,686	$340,148
STEVEN LITTLE	INTERIM VP CFO - STARTED IN 2024	40.00	Officer	$0	$0	$0
ANIEL MAJJHOO	PHYSICIAN	40.00	Highest	$832,300	$49,324	$881,624
BHARATH NARAVETLA	PHYSICIAN	40.00	Highest	$706,900	$79,324	$786,224
LEONARD KARADIMAS	PHYSICIAN	40.00	Highest	$1,264,128	$79,324	$1,343,452
VASKEN ARTINIAN	PHYSICIAN	40.00	Highest	$1,206,596	$79,324	$1,285,920
RAMESH CHERUKURI	PHYSICIAN	20.00	Highest	$0	$26,238	$1,790,673
JULIE LEPZINSKI	FORMER CEO	40.00		$0	$0	$237,500

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	$120,059,617	$126,622,704	$99,249,572	$-6,563,087
2023	$89,191,424	$89,953,125	$90,531,273	$-761,701
2023	$89,191,424	$89,953,125	$90,531,273	$-761,701
2022	$95,221,068	$95,244,799	$87,487,225	$-23,731
2021	$95,809,958	$93,649,734	$116,247,152	$2,160,224
2020	$117,996,431	$118,592,553	$111,357,197	$-596,122
2019	$121,596,059	$123,649,310	$91,334,668	$-2,053,251
2018	$107,245,500	$107,809,125	$80,293,201	$-563,625

MCLAREN MEDICAL GROUP