SPARROW IONIA HOSPITAL (EIN 383218134) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

MARGARET DIMOND PHD

Phone

6165231400

Tax Period

2024-07-01 to 2025-06-30

SPARROW IONIA HOSPITAL, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $77.4M in total revenue in fiscal year 2024. The organization ran a surplus of $13.6M, a strong 18% operating margin.

Mission

TO ADVANCE HEALTH TO SERVE MICHIGAN AND THE WORLD.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,382

Program Service Revenue $76,526,808

Investment Income $390,641

Other Revenue $430,399

TOTAL REVENUE $77,402,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,201,457

Fundraising Expenses $0

Program Expenses $48,699,258

Other Expenses $32,630,780

TOTAL EXPENSES $63,832,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,402,230	$74,527,033	+0.0%
Expenses	$63,832,237	$60,577,555	+0.1%
Net Income	$13,569,993	$13,949,478	0.0%

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

Governance

Voting Members

Independent Members

Employees

383

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

$3,978,035

Total Directors

$3,357,812

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC STRUCKO	TREASURER	1.00	Officer	$0	$224,131	$1,638,233
MARGARET DIMOND PHD	REGIONAL PRE	1.00	Officer Director	$0	$94,544	$1,464,110
MATTHEW WILCOX DO	BOARD MEMBER	1.00	Director	$0	$81,177	$839,023
MICHAEL VACCARIELLO MD	PHYSICIAN	40.00	Highest	$633,672	$85,280	$718,952
ALICIA BALLARD DO	PHYSICIAN	40.00	Highest	$529,982	$101,672	$631,654
BHAGYA VENKATESH MD	PHYSICIAN	40.00	Highest	$504,516	$67,945	$572,461
KIRA CARTER-ROBERTSON	FORMER DIREC	1.00		$0	$80,141	$569,440
GREG HOLZHEI DO	SECRETARY	1.00	Officer Director	$0	$50,584	$549,201
RONALD HYDE DO	FRMR PHYS PR	1.00		$462,387	$78,239	$540,626
AMY JENTZ MD	PHYSICIAN	40.00	Highest	$457,420	$68,337	$525,757
PAULA REICHLE	FRMR SRVP/CF	1.00		$0	$27,205	$499,713
CHRISTOPHER ERSKIN DO	PHYSICIAN	40.00	Highest	$405,002	$48,614	$453,616
LINDA REETZ RN	LEGACY BOARD	1.00	Director	$378,805	$47,053	$425,858
MARK BRISBOE	FORMER CFO	N/A		$0	$52,486	$408,921
HELEN JOHNSON	FORMER REGIO	1.00		$0	$25,356	$370,366
AMI KIHN	FORMER TREAS	1.00		$0	$32,153	$355,766
BRUCE SHIVELY	CFO	10.00	Officer	$0	$56,213	$326,491
WILLIAM HOWE	FRMR VP FINA	1.00		$0	$43,011	$225,947
LAKEEYA TUCKER DO	BOARD MEMBER	2.00	Director	$0	$0	$78,060
CANDACE METCALF DO	BOARD MEMBER	2.00	Director	$0	$0	$1,560
DANIEL BALICE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VIRGIL BIGGS	LEGACY BOARD	1.00	Director	$0	$0	$0
BRUCE COURTADE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT REICH DO	LEGACY BOARD	1.00	Director	$0	$0	$0
TOM DICKINSON	LEGACY BOARD	1.00	Director	$0	$0	$0
JOHN HENDRICKSON	CHAIR	2.00	Officer Director	$0	$0	$0
AMY HERBRUCK	LEGACY BOARD	1.00	Director	$0	$0	$0
RYAN HESCHE	LEGACY BOARD	1.00	Director	$0	$0	$0
LAURA HOPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN MILEWSKI II	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLE LEHMAN-LAY	LEGACY BOARD	1.00	Director	$0	$0	$0
ANTHONY MAZZALI	BOARD MEMBER	2.00	Director	$0	$0	$0
HARPER WILDERN OD	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDON RICHMOND	LEGACY BOARD	1.00	Director	$0	$0	$0
BRIAN TALBOT	LEGACY BOARD	1.00	Director	$0	$0	$0
MEG WHEELER	LEGACY BOARD	1.00	Director	$0	$0	$0
CAROL PRIEBE WILES	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$77,402,230	$63,832,237	$105,314,987	$13,569,993
2024	No data	No data	No data	No data
2023	$34,524,806	$28,555,951	$71,009,230	$5,968,855
2022	$69,405,348	$59,597,353	$65,692,159	$9,807,995
2021	$66,036,782	$57,402,358	$57,565,680	$8,634,424
2020	$60,974,619	$53,707,432	$45,930,345	$7,267,187
2019	$58,142,034	$55,262,847	$38,185,134	$2,879,187
2018	$53,178,995	$50,991,600	$34,454,617	$2,187,395

SPARROW IONIA HOSPITAL