MYMICHIGAN MEDICAL CENTER GLADWIN

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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

1953

Legal Domicile

Principal Officer

RAYMOND STOVER

Phone

9898379039

Tax Period

2024-07-01 to 2025-06-30

MYMICHIGAN MEDICAL CENTER GLADWIN, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $66.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.1M, a strong 20% operating margin.

Mission

CREATING HEALTHY COMMUNITIES - TOGETHER

Program Service Accomplishments

Program 1

Expenses: $45,814,172 Revenue: $62,505,391

MYMICHIGAN MEDICAL CENTER GLADWIN PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO GLADWIN AND ITS SURROUNDING COUNTIES. 376 PATIENT ADMISSIONS AND 74,696 OUTPATIENT VISITS WERE...

MYMICHIGAN MEDICAL CENTER GLADWIN PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO GLADWIN AND ITS SURROUNDING COUNTIES. 376 PATIENT ADMISSIONS AND 74,696 OUTPATIENT VISITS WERE PROVIDED IN FISCAL YEAR 2025. CARE IS PROVIDED WITHOUT RESPECT TO 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 (2024)

Revenue Breakdown

Contributions & Grants $104,832

Program Service Revenue $62,355,196

Investment Income $3,584,588

Other Revenue $447,435

TOTAL REVENUE $66,492,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,142,618

Fundraising Expenses $0

Program Expenses $45,814,172

Other Expenses $31,267,584

TOTAL EXPENSES $53,410,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,492,051	$54,961,438	+0.2%
Expenses	$53,410,202	$48,917,409	+0.1%
Net Income	$13,081,849	$6,044,029	+1.2%

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

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

293

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

$2,143,807

Total Directors

$3,643,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE MICHAEL	SR VP, CFO & TREASURER	1.00	Officer Director	$0	$150,373	$1,183,179
CROSS BRYAN	DIRECTOR	1.00	Director	$0	$198,664	$1,130,847
STOVER RAYMOND	PRESIDENT	1.00	Officer Director	$0	$80,101	$603,416
FULLER MD RENEE	DIRECTOR	1.00	Director	$0	$28,939	$363,406
GOODWIN PETER	GENERAL COUNSEL & SECRETARY (PART YEAR)	1.00	Officer Director	$0	$16,352	$357,212
PADGETT FRANCINE	FORMER TREASURER	0.00		$0	$0	$348,143
ALVORD ASHLEY	NP	50.00	Highest	$157,912	$28,541	$186,453
DUNN REBEKAH	PA	50.00	Highest	$146,778	$28,651	$175,429
REID JULIA	RN	50.00	Highest	$145,077	$27,572	$172,649
TYREE HOWARD	PA	50.00	Highest	$153,675	$16,060	$169,735
FISHER WESLEY	PA	50.00	Highest	$141,300	$22,986	$164,286
BUCCHI MD PAUL	DIRECTOR	1.00	Director	$0	$0	$5,000
BRUDER ALAN	CHAIR	1.00	Officer Director	$0	$0	$0
SMITH GLENN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
COMPTON JOLENE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELS BETH	DIRECTOR	1.00	Director	$0	$0	$0
DUNKLE MELISSA	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOTT KEVIN	DIRECTOR	1.00	Director	$0	$0	$0
HUGHEY GAIL	DIRECTOR	1.00	Director	$0	$0	$0
KISH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MANNING-CLAYTON ANN	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
STONEBACK J DANIEL	DIRECTOR	1.00	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	$66,492,051	$53,410,202	$123,720,691	$13,081,849
2024	No data	No data	No data	No data
2023	$50,683,673	$44,232,925	$91,759,541	$6,450,748
2022	$62,455,004	$41,380,220	$83,900,348	$21,074,784
2021	$42,253,031	$39,589,695	$84,954,662	$2,663,336
2020	$36,732,240	$35,561,411	$67,988,757	$1,170,829
2019	$31,906,635	$30,985,193	$62,094,622	$921,442
2018	$34,345,605	$29,032,187	$60,275,883	$5,313,418