IHA HEALTH SERVICES CORPORATION

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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

2010

Legal Domicile

Principal Officer

CYNTHIA ELLIOTT

Phone

7349952950

Tax Period

2022-07-01 to 2023-06-30

IHA HEALTH SERVICES CORPORATION, founded in 2010, is a major nonprofit in the Health Care sector that reported $479.8M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

WE, IHA HEALTH SERVICES CORPORATION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.IHA HEALTH SERVICES CORPORATION IS A MEMBER OF TRINITY HEALTH-MICHIGAN AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $407,001,872 Revenue: $477,921,768

IHA HEALTH SERVICES CORPORATION (IHA) IS A NOT-FOR-PROFIT MULTI-SPECIALTY GROUP OF MORE THAN 720 PHYSICIANS IN OVER 150 OFFICE LOCATIONS IN SOUTHEAST MICHIGAN THAT SERVE OVER 500,000 ACTIVE PATIENTS. IN FISCAL YEAR 2023, IHA PHYSICIANS PROVIDED HEALTH CARE SERVICES FOR OVER 1,500,000 OUTPATIENT/CLINIC VISITS.CONSISTENT WITH ITS MISSION, IHA PROVIDES MEDICAL CARE TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. TO IMPROVE THE HEALTH STATUS OF THE COMMUNITIES IN WHICH IT OPERATES, IHA PROVIDES SERVICES INTENDED TO BENEFIT THE POOR AND UNDERSERVED, INCLUDING THOSE PERSONS WHO CANNOT AFFORD HEALTH INSURANCE OR OTHER PAYMENTS (SUCH AS COPAYS AND DEDUCTIBLES) BECAUSE OF INSUFFICIENT RESOURCES AND/OR WHO ARE UNINSURED OR UNDERINSURED. THE QUANTIFIABLE COST OF IHA'S COMMUNITY BENEFIT MINISTRY FOR FISCAL YEAR 2023 IS $15,437,953 IN UNPAID COST OF MEDICAID AND OTHER PUBLIC PROGRAMS. MINISTRY FOR THE POOR AND UNDERSERVED REPRESENTS THE FINANCIAL COMMITMENT TO SEEK OUT AND SERVE THOSE WHO NEED HELP THE MOST, ESPECIALLY THE POOR, THE UNINSURED, AND THE INDIGENT. THIS IS DONE WITH THE CONVICTION THAT HEALTH CARE IS A BASIC HUMAN RIGHT. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.IHACARES.COM

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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 (2022)

Revenue Breakdown

Contributions & Grants $296,516

Program Service Revenue $423,883,031

Investment Income $1,563,150

Other Revenue $54,038,737

TOTAL REVENUE $479,781,434

Expense Breakdown

Grants Paid $181,605

Salaries & Benefits $379,503,034

Fundraising Expenses $0

Program Expenses $407,001,872

Other Expenses $94,470,320

TOTAL EXPENSES $474,154,959

Year-over-Year Comparison

	2022	2021	Change
Revenue	$479,781,434	$433,385,014	+0.1%
Expenses	$474,154,959	$427,686,989	+0.1%
Net Income	$5,626,475	$5,698,025	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

N/A

Employees

3994

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

$3,230,921

Total Directors

$9,673,153

Key Employees

$570,348

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CASALOU	TRUSTEE; PRES & CEO, MI REGION	1.00	Director	$0	$79,503	$1,964,145
SHANNON STRIEBICH	TRUSTEE; PRES & SVP OPS - MI REGION	1.00	Director	$0	$60,607	$1,091,792
THOMAS HEARTY MD	TRUSTEE; PHYSICIAN	50.00	Director	$795,582	$48,799	$844,381
MANAK SOOD MD	TRUSTEE; PHYSICIAN	50.00	Director	$703,314	$58,896	$762,210
CYNTHIA ELLIOTT	TRUSTEE; PRESIDENT	27.00	Officer Director	$0	$123,387	$669,371
THERESA POPPE MD	TRUSTEE; VICE CHAIR; PHYSICIAN	50.00	Officer Director	$504,495	$49,203	$553,698
RAJIV DEENADAYALU MD	TRUSTEE; TREASURER; PHYSICIAN	50.00	Officer Director	$470,152	$56,132	$526,284
BRUNO DI GIOVINE MD	TRUSTEE; PHYSICIAN	50.00	Director	$432,555	$45,369	$477,924
LAKSHMI SWAMINATHAN MD	TRUSTEE; PHYSICAN	50.00	Director	$406,730	$28,823	$435,553
MATTHEW AJLUNI DO	TRUSTEE; PHYSICIAN	50.00	Director	$368,400	$42,422	$410,822
ROBERT BREAKEY MD	TRUSTEE; CHAIR; PHYSICIAN	50.00	Officer Director	$355,390	$48,292	$403,682
MICHAEL BRUDERLY MD	TRUSTEE; PHYSICIAN	50.00	Director	$343,076	$50,090	$393,166
TENDAI THOMAS MD	TRUSTEE; PHYSICIAN	50.00	Director	$318,610	$48,400	$367,010
MELISSA HEINEN DO	TRUSTEE; SECRETARY; PHYSICIAN	50.00	Officer Director	$296,798	$24,491	$321,289
CARMEN GREEN-LEE MD	TRUSTEE; PHYSICIAN	50.00	Director	$219,464	$40,731	$260,195
CORY RYAN PA-C	TRUSTEE; PHYSICIAN ASSISTANT CERT	40.00	Director	$164,862	$26,769	$191,631
JASON HARRIS	CHIEF OPERATING OFFICER	50.00	Officer	$342,539	$44,918	$387,457
MARIA BOWLES	VP FINANCE, CFO	50.00	Officer	$350,304	$18,836	$369,140
MOHAMMAD SALAMEH MD	EVP, CHIEF MEDICAL OFFICER	50.00	Key Emp	$530,638	$39,710	$570,348
JAMES MORAVEK JR MD	ORTHOPEDIC SURGEON	50.00	Highest	$1,417,118	$38,743	$1,455,861
RYAN MLYNAREK MD	ORTHOPEDIC SURGEON	50.00	Highest	$1,151,184	$49,073	$1,200,257
MONTGOMERY GILLARD MD	DERMATOLOGIC SURGEON	50.00	Highest	$1,077,937	$58,132	$1,136,069
JARED THOMAS MD	ORTHOPEDIC SURGEON	50.00	Highest	$1,033,816	$52,568	$1,086,384
KATHLEEN BEEKMAN MD	PHYSICIAN - HEMATOLOGY ONCOLOGY	50.00	Highest	$947,255	$50,562	$997,817
MARK LEPAGE MD	FRMR OFFICER;TH SVP MED GRP STRATEGY	0.00		$0	$50,808	$1,106,527
LOWELL SPRAGUE	FRMR OFFICER; DIR-REAL ESTATE&FACIL	40.00		$154,172	$36,725	$190,897

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	No data	No data	No data	No data
2023	$479,781,434	$474,154,959	$324,693,645	$5,626,475
2022	$433,385,014	$427,686,989	$294,413,818	$5,698,025
2021	$382,891,181	$363,140,782	$279,537,655	$19,750,399
2020	$332,704,711	$338,616,013	$222,794,481	$-5,911,302
2019	$320,383,873	$309,748,273	$195,201,270	$10,635,600
2018	$282,406,866	$277,374,094	$166,590,182	$5,032,772