MEMORIAL HEALTHCARE FOUNDATION

EIN: 383036586 501(c)(3) Education

OWOSSO, MI

Total Revenue
$863,619
Total Expenses
$384,850
Total Assets
$10,429,892
Net Assets
$10,195,332
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
BRIGITTE GURDEN
Phone
9897235211
Tax Period
2024-01-01 to 2024-12-31

MEMORIAL HEALTHCARE FOUNDATION, founded in 1991, is a small nonprofit in the Education sector that reported $864K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $479K, a strong 55% operating margin.

Mission

THROUGH FUND AND DEVELOPMENT, WE SERVE OUR COMMUNITY BY ASSISTING MEMORIAL HEALTHCARE ACHIEVE ITS MISSION TO PROMOTE HEALTH AND PROVED QUALITY COMPASSIONATE HEALTHCARE IN THE SHIAWASSEE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $440,275
Program Service Revenue $0
Investment Income $465,487
Other Revenue $-42,143
TOTAL REVENUE $863,619

Expense Breakdown

Grants Paid $147,264
Salaries & Benefits $156,723
Fundraising Expenses $209,643
Program Expenses $147,264
Other Expenses $80,863
TOTAL EXPENSES $384,850

Year-over-Year Comparison

2024 2023 Change
Revenue $863,619 $1,215,417 -0.3%
Expenses $384,850 $639,968 -0.4%
Net Income $478,769 $575,449 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
10
Employees
N/A
Volunteers
65

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
$1,101,061
Total Directors
14
$1,520,749
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN LONG CEO MEMORIAL HEALTHCARE 2.00
Officer Director
$0 $32,620 $918,081
ANTHONY A PATSY DO MEMBER 1.00
Director
$0 $32,726 $382,231
MICHAEL ASH PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA HOOD MEMBER 1.00
Director
$0 $0 $0
STAVROULA A ERFOURTH MEMBER 1.00
Director
$0 $0 $0
ANN MARIE BENTLEY MEMBER 1.00
Director
$0 $0 $0
THOMAS COOK MEMBER 1.00
Director
$0 $0 $0
LISA ASH MEMBER 1.00
Director
$0 $0 $0
JOHN E EMERSON MEMBER 1.00
Director
$0 $0 $0
DAN MONTES MEMBER 1.00
Director
$0 $0 $0
BRIAN SPRINGSDORF MEMBER 1.00
Director
$0 $0 $0
JACKLYN HURD MEMBER 1.00
Director
$0 $0 $0
CHARLES THOMPSON MEMBER 1.00
Director
$0 $12,422 $155,093
LYNETTE FREEMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $1,933 $65,344
BRIGITTE GURDEN EXECUTIVE DIRECTOR 40.00
Officer
$0 $28,657 $117,636
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 $863,619 $384,850 $10,429,892 $478,769
2023 $1,215,417 $639,968 $10,072,223 $575,449
2022 $1,240,317 $690,801 $9,417,224 $549,516
2021 $1,140,888 $704,999 $10,603,639 $435,889
2020 $895,703 $304,147 $9,850,766 $591,556
2019 $880,668 $464,865 $9,062,305 $415,803
2018 $1,060,685 $358,890 $7,603,761 $701,795
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