MYMICHIGAN MEDICAL CENTER ALPENA

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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

1940

Legal Domicile

Principal Officer

HUNTER NOSTRANT

Phone

9898379039

Tax Period

2023-07-01 to 2024-06-30

MYMICHIGAN MEDICAL CENTER ALPENA, founded in 1940, is a major nonprofit in the Health Care sector that reported $294.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $267.6M left a modest 9% surplus.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $243,684,388 Revenue: $292,104,796

MYMICHIGAN MEDICAL CENTER ALPENA'S PRIMARY LINE OF BUSINESS IS AN ACUTE CARE HOSPITAL PROVIDING BOTH INPATIENT AND OUTPATIENT SERVICES. FOR THE REPORTING PERIOD, 4,550 TOTAL ADMISSIONS WERE PROVIDED INCLUDING 3,827 ACUTE CARE, 345 NEWBORNS, 489 PSYCHIATRIC AND 234 INPATIENT REHABILITATION PATIENTS. ALSO PROVIDED WERE 18,720 VISITS IN OUR EMERGENCY ROOM, 6,625 OUTPATIENT SURGERY CASES AND 152,544 OTHER OUTPATIENT VISITS. CARE IS PROVIDED REGARDLESS OF THE PATIENT'S ABILITY TO PAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $286,623,208

Investment Income $-354,849

Other Revenue $8,307,952

TOTAL REVENUE $294,826,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,971,366

Fundraising Expenses $0

Program Expenses $243,684,388

Other Expenses $200,636,610

TOTAL EXPENSES $267,607,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,826,311	$254,736,004	+0.2%
Expenses	$267,607,976	$233,788,889	+0.1%
Net Income	$27,218,335	$20,947,115	+0.3%

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

1044

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

$1,446,300

Total Directors

$3,053,302

Key Employees

$214,907

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HITZELBERGER DO WILLIAM	PHYSICIAN	50.00	Highest	$1,048,109	$57,233	$1,105,342
DOMBROSKI MD JEFFREY	PHYSICIAN	50.00	Highest	$1,046,917	$28,000	$1,074,917
CROSS BRYAN	DIRECTOR	2.00	Director	$0	$173,563	$888,254
HARBER DO DANIEL	PHYSICIAN	50.00	Highest	$842,239	$43,879	$886,118
ROSE MICHAEL	SECRETARY/TREASURER	2.00	Officer Director	$0	$141,452	$845,837
SHERWIN CHUCK	FORMER PRESIDENT	0.00		$0	$113,189	$733,402
HANNA DO BRIAN	DIRECTOR (PART YEAR)	2.00	Director	$2,000	$49,472	$711,948
HUFFAKER DO SCOTT	PHYSICIAN	50.00	Highest	$650,931	$45,569	$696,500
ERICKSON MICHAEL	PRESIDENT	2.00	Officer Director	$0	$85,186	$600,463
CONBOY MD BRENDAN	PHYSICIAN	50.00	Highest	$456,833	$26,438	$483,271
KANE THOMAS	VP OF NURSING	50.00	Key Emp	$182,810	$32,097	$214,907
RAPP DONNA	FORMER SECRETARY	0.00		$0	$0	$114,507
SMITH ERIC	DIRECTOR	2.00	Director	$0	$0	$4,800
COSTAIN MD JEFFREY	DIRECTOR (PART YEAR)	2.00	Director	$2,000	$0	$2,000
DECKER MD JAMES	CHAIR	2.00	Officer Director	$0	$0	$0
DAWLEY GARY	VICE CHAIR (PART YEAR)	2.00	Officer Director	$0	$0	$0
BURTON ANN	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
HALL BEACH	DIRECTOR	2.00	Director	$0	$0	$0
MEINHARDT MD DAVID	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAMS MARIE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIS MD RICHARD	DIRECTOR (PART YEAR)	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	No data	No data	No data	No data
2024	$294,826,311	$267,607,976	$307,636,093	$27,218,335
2023	$254,736,004	$233,788,889	$264,181,882	$20,947,115
2022	$244,701,325	$199,197,406	$251,021,028	$45,503,919
2021	$172,257,895	$147,841,678	$246,487,489	$24,416,217
2020	$148,652,111	$133,155,700	$185,968,299	$15,496,411
2019	$145,378,502	$129,204,622	$150,031,253	$16,173,880
2018	$141,086,122	$136,263,920	$135,111,227	$4,822,202