MICHIGAN HEALTH IMPROVEMENT ALLIAN… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

HEIDI TRACY

Phone

9893414789

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN HEALTH IMPROVEMENT ALLIANCE, founded in 2011, is a small nonprofit in the Health Care sector that reported $549K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 162% operating deficit.

Mission

TO IMPROVE THE HEALTH OF PEOPLE WITHIN OUR REGION THROUGH EFFECTIVE USE OF INFORMATION AND COLLABORATION TO ESTABLISH OUR REGION AS A COMMUNITY OF HEALTH EXCELLENCE THROUGH A COMPREHENSIVE FOCUS ON POPULATION HEALTH, PATIENT EXPERIENCE, COST OF CARE, AND PROVIDER WELLBEING.

Program Service Accomplishments

Program 1

Expenses: $741,779 Revenue: $446,401

MIHIA'S STRATEGY TO FULFILL OUR VISION AND MISSION IS TO SERVE AS THE REGIONAL HUB FOR SHARING HEALTH INFORMATION AND COLLABORATION AMONG MULTIPLE STAKEHOLDERS INCLUDING PATIENTS AND THEIR FAMILIES. BY PRODUCING A CALL TO ACTION ACROSS MULTIPLE PROGRAMS AND ORGANIZATIONS, OUR REGION CAN BECOME A NATIONAL LEADER AND A MODEL FOR HEALTH THAT LEADS TO A POSITIVE ECONOMIC IMPACT IN OUR REGION.

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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 $96,925

Program Service Revenue $446,401

Investment Income $5,498

Other Revenue $0

TOTAL REVENUE $548,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,685

Fundraising Expenses $0

Program Expenses $741,779

Other Expenses $750,082

TOTAL EXPENSES $1,439,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,824	$1,515,933	-0.6%
Expenses	$1,439,767	$1,679,436	-0.1%
Net Income	$-890,943	$-163,503	+4.4%

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

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

$273,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND CRAIG TATUM	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL STRASZ	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE AULTMAN	DIRECTOR	1.00	Director	$0	$0	$0
AUGUSTINE OSAGIE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BERG	DIRECTOR	1.00	Director	$0	$0	$0
KATHY DOLLARD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KILE	DIRECTOR	1.00	Director	$0	$0	$0
DAN SCHEFFER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KIKANO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANGELIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE HOFMANN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA YODER	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN DONKER	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA MASTRACCI DITMYER	CHAIR	1.00	Officer Director	$0	$0	$0
HURLEY COLEMAN III	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE BAASE MD	CHAIR EMERITA	1.00	Officer Director	$0	$0	$0
KEVIN ALBOSTA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREAS TEICH	DIRECTOR	1.00	Director	$0	$0	$0
TOM VEVERKA	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA COUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
SHERI LEAMAN-CASE	DIRECTOR	1.00	Director	$0	$0	$0
TOM MASTERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY GREELEY	DIRECTOR	1.00	Director	$0	$0	$0
ERIN EMERSON	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY HORNE	DIRECTOR	1.00	Director	$0	$0	$0
MONICA REYES	DIRECTOR	1.00	Director	$0	$0	$0
MADHURA MANSABDAR	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI TRACY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$148,026	$0	$148,026
MARK KATO	CHIEF OPERATIONS OFFICER	40.00	Officer	$125,000	$0	$125,000

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	$548,824	$1,439,767	$762,600	$-890,943
2022	$1,515,933	$1,679,436	$1,662,957	$-163,503
2021	$1,446,604	$1,562,889	$1,879,116	$-116,285
2020	$1,456,216	$1,208,281	$1,995,795	$247,935
2019	$1,319,582	$759,255	$1,678,665	$560,327
2018	$1,041,185	$519,656	$1,095,003	$521,529

MICHIGAN HEALTH IMPROVEMENT ALLIANCE