HEALTH CARE ASSOCIATION OF MICHIGAN (EIN 386091038) - 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

1948

Legal Domicile

Principal Officer

MELISSA SAMUEL

Phone

5176271561

Tax Period

2023-01-01 to 2023-12-31

HEALTH CARE ASSOCIATION OF MICHIGAN, founded in 1948, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $2.7M left a modest 7% surplus.

Mission

PROVIDE INFORMATION, ADVOCACY AND EDUCATIONAL SERVICES TO MEMBERS.

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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 $68,643

Program Service Revenue $2,717,523

Investment Income $21,937

Other Revenue $114,064

TOTAL REVENUE $2,922,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,588,448

Fundraising Expenses $0

Other Expenses $1,140,604

TOTAL EXPENSES $2,729,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,922,167	$3,367,862	-0.1%
Expenses	$2,729,052	$3,213,774	-0.2%
Net Income	$193,115	$154,088	+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

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

$1,064,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PRESTAGE	CHAIR	1.00	Officer Director	$0	$0	$0
CHAD TUTTLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD SHOOK	SECRETARY/TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
LAURA HAMANN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MANDA AYOUB	DIRECTOR	1.00	Director	$0	$0	$0
MARK BERGER	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY BERRYMAN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY BOUTROS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
DON HANEY	DIRECTOR	1.00	Director	$0	$0	$0
SUE HAMANN	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
MIKE MCELROY	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
JACK METHRIC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MUNTER	DIRECTOR	1.00	Director	$0	$0	$0
BOB NORCROSS	DIRECTOR	1.00	Director	$0	$0	$0
RAJ PATEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PERRY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PRUITT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SCHADE	DIRECTOR	1.00	Director	$0	$0	$0
HEMANT SHAH	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STOBB	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA THELEN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WRONSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW ROTHMAN	LEGAL COUNSEL/EX-OFFICIO	1.00	Director	$0	$0	$0
JOSH BAUMORL	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
CATHERINE REESE	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
WILL SMITH	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
CHAD UNDERLY	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
DESTINY WILKINS	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
REBECCA WILLIAMS	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
MELISSA SAMUEL	PRESIDENT/CEO	40.00	Officer	$305,683	$27,457	$333,140
LINDA LAWTHER	CEO/PRESIDENT OF MCAL	40.00	Officer	$6,730	$471	$7,201
CATHY SUNLIN	VP OF REGULATORY SERVICES	40.00	Officer	$177,091	$30,489	$207,580
PATRICIA ANDERSON	SENIOR REIMBURSMENT ANALYST	24.00	Officer	$113,400	$8,442	$121,842
RICHARD FARRAN	EXEC VP OF GOVERNMENTAL SERVICES	40.00	Officer	$163,459	$25,390	$188,849
MICHAEL BATTS	VP OF REIMBURSEMENT SERVICES	40.00	Officer	$175,035	$30,670	$205,705

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	$2,922,167	$2,729,052	$3,669,993	$193,115
2022	$3,367,862	$3,213,774	$2,727,201	$154,088
2021	$3,301,683	$3,103,634	$2,506,967	$198,049
2020	$3,132,080	$3,027,640	$2,414,559	$104,440
2019	$3,123,879	$2,966,845	$2,315,957	$157,034
2018	$2,826,812	$2,778,195	$2,028,217	$48,617

HEALTH CARE ASSOCIATION OF MICHIGAN