UPPER PENINSULA HEALTH CARE SOLUTIONS INC (EIN 452716432) - 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

2011

Legal Domicile

Principal Officer

MELISSA HOLMQUIST

Phone

9062257491

Tax Period

2023-01-01 to 2023-12-31

UPPER PENINSULA HEALTH CARE SOLUTIONS INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 7% surplus.

Mission

TO CREATE OPPORTUNITIES OF VIABILITY FOR HEALTH CARE PROVIDERS IN THE UPPER PENINSULA OF MICHIGAN AND TO IMPROVE ACCESS TO QUALITY HEALTH SERVICES FOR RESIDENTS WITHIN THEIR COMMUNITIES.

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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 $1,348,398

Program Service Revenue $3,271,913

Investment Income $44,355

Other Revenue $1,676

TOTAL REVENUE $4,666,342

Expense Breakdown

Grants Paid $61,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,146,417

Other Expenses $4,296,567

TOTAL EXPENSES $4,357,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,666,342	$4,069,073	+0.1%
Expenses	$4,357,821	$3,757,469	+0.2%
Net Income	$308,521	$311,604	0.0%

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

N/A

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

$326,380

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA HOLMQUIST	EXECUTIVE DI	3.00	Officer	$0	$9,108	$326,380
PAULA CHERMSIDE	CHAIR	0.20	Officer Director	$0	$0	$0
HUNTER NOSTRANT	CHAIR; VICE	0.20	Officer Director	$0	$0	$0
MITCH LECKELT	TREASURER	0.20	Officer Director	$0	$0	$0
KEVIN KALCHIK	VICE CHAIR;S	0.20	Officer Director	$0	$0	$0
MATTHEW KRAUSE	SECRETARY	0.20	Officer Director	$0	$0	$0
CHUCK NELSON	DIRECTOR	0.20	Director	$0	$0	$0
KAREN CHEESEMAN	DIRECTOR	0.20	Director	$0	$0	$0
GARFIELD ATCHISON	DIRECTOR	0.20	Director	$0	$0	$0
RAE KAARE	DIRECTOR	0.20	Director	$0	$0	$0
CHRISTINE HARFF	DIRECTOR	0.20	Director	$0	$0	$0
CONRAD DEESE	DIRECTOR	0.20	Director	$0	$0	$0
RYAN HEINONEN	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT STOWE	DIRECTOR	0.20	Director	$0	$0	$0
ANDY BERTAPELLE	DIRECTOR	0.20	Director	$0	$0	$0
TONYA DARNER	DIRCETOR	0.20	Director	$0	$0	$0
JIM PARKER	DIRECTOR	0.20	Director	$0	$0	$0
LAWRENCE REYNOLDS	DIRECTOR	0.20	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
2024	No data	No data	No data	No data
2023	$4,666,342	$4,357,821	$5,537,040	$308,521
2022	$4,069,073	$3,757,469	$6,041,131	$311,604
2021	$3,773,550	$3,593,216	$6,779,575	$180,334
2020	$3,680,532	$3,794,870	$7,667,897	$-114,338
2019	$3,643,671	$3,632,906	$8,974,134	$10,765
2018	$3,372,181	$3,330,324	$10,027,117	$41,857

UPPER PENINSULA HEALTH CARE SOLUTIONS INC