BRONSON PROPERTIES CORP

EIN: 386052573 501(c)(3) Health Care

KALAMAZOO, MI

Total Revenue
$15,794,594
Total Expenses
$14,087,050
Total Assets
$80,255,427
Net Assets
$45,050,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MI
Principal Officer
BILL MANNS
Phone
2693416000
Tax Period
2023-01-01 to 2023-12-31

BRONSON PROPERTIES CORP, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $15.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $14.1M left a modest 11% surplus.

Mission

PROVIDED OFFICE FACILITIES FOR BRONSON HEALTHCARE GROUP, CLINICS, SUBSIDIARIES, AND PHYSICIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $792,817
Program Service Revenue $14,744,482
Investment Income $0
Other Revenue $257,295
TOTAL REVENUE $15,794,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,035
Fundraising Expenses $0
Program Expenses $12,927,597
Other Expenses $14,021,015
TOTAL EXPENSES $14,087,050

Year-over-Year Comparison

2023 2022 Change
Revenue $15,794,594 $14,402,323 +0.1%
Expenses $14,087,050 $14,290,256 0.0%
Net Income $1,707,544 $112,067 +14.2%
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

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Governance

Voting Members
20
Independent Members
16
Employees
N/A
Volunteers
19

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
11
$8,933,361
Total Directors
22
$4,927,705
Key Employees
1
$359,581
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANNS BILL PRESIDENT AND CEO 4.60
Officer Director
$0 $1,337,326 $3,510,311
KARAMCHANDANI MAHESH C DIRECTOR 4.60
Director
$0 $38,493 $857,495
WORKMAN WILLIAM DIRECTOR/SYSTEM VICE CHIEF OF STAFF 4.60
Director
$0 $38,471 $534,648
GIBSON SCOTT MD DIRECTOR 1.00
Director
$0 $0 $5,650
LIGGINS JAMES JR VICE CHAIR 1.00
Officer Director
$0 $0 $3,201
EBERTS RANDALL DIRECTOR 1.00
Director
$0 $0 $2,899
ALLEN RICHARD DIRECTOR 1.00
Director
$0 $0 $1,787
NYBERG NEIL SECRETARY 1.00
Officer Director
$0 $0 $1,769
ODAR MICHAEL TREASURER 1.00
Officer Director
$0 $0 $1,705
PARFET DONALD DIRECTOR 1.00
Director
$0 $0 $1,555
FINK KATY DIRECTOR 1.00
Director
$0 $0 $1,416
GONZALEZ JORGE DIRECTOR 1.00
Director
$0 $0 $1,407
JAMES BARBARA THRU 102023 DIRECTOR 1.00
Director
$0 $0 $1,380
SHARMA NAMITA DIRECTOR 1.00
Director
$0 $0 $1,380
LINS STEVEN J MD DIRECTOR/SYSTEM CHIEF OF STAFF 1.00
Director
$0 $0 $1,102
KARRE NELSON CHAIR 1.00
Officer Director
$0 $0 $0
CHEN-ZHANG LYNN DIRECTOR 1.00
Director
$0 $0 $0
HUNT BRENDA DIRECTOR 1.00
Director
$0 $0 $0
JOHNSTON WILLIAM DIRECTOR 1.00
Director
$0 $0 $0
MONTGOMERY TABRON LA JUNE DIRECTOR 1.00
Director
$0 $0 $0
STEWART ERICK DIRECTOR 1.00
Director
$0 $0 $0
WASHINGTON L MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
EAST REBECCA L SR VP CFO 4.60
Officer
$0 $366,305 $1,154,731
LARSON SCOTT MD SR VP MEDICAL AFFAIRS/CMO 4.60
Officer
$0 $319,866 $1,128,412
FALAHEE JAMES SR VP LEGAL & LEG. AFFAIRS 4.60
Officer
$0 $306,488 $1,027,678
JOHNSON CHERYL SR VP CHIEF PEOPLE OFFICER 4.60
Officer
$0 $217,558 $769,711
REINOEHL SUSAN SR VP STRATEGY & COMM 4.60
Officer
$0 $218,200 $718,702
WAY MICHAEL S SR VP MAT. MGT. & FACILITY SVS. 4.60
Officer
$0 $198,531 $617,141
SANGALLI-DAVIS CHRISTINE VP CHIEF COMPLIANCE OFFICER 4.60
Key Emp
$0 $69,875 $359,581
JONES JR JOHN THRU 2020 FORMER SR VP COMMUNITY CARE 0.00
$0 $0 $148,316
HARRELSON KATHLEEN M THRU 2019 FORMER SR VP CLINICAL OPERATIONS 0.00
$0 $0 $102,626
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 No data No data No data No data
2023 $15,794,594 $14,087,050 $80,255,427 $1,707,544
2022 $14,402,323 $14,290,256 $78,170,048 $112,067
2021 $15,014,502 $13,900,407 $80,947,112 $1,114,095
2020 $13,646,782 $14,016,161 $88,836,866 $-369,379
2019 $13,587,537 $12,973,859 $84,196,666 $613,678
2018 $14,222,469 $13,366,647 $41,922,989 $855,822
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