MACKINAC STRAITS HEALTH FOUNDATION

EIN: 465296565 501(c)(3) Health Care

SAINT IGNACE, MI

Total Revenue
$325,098
Total Expenses
$59,816
Total Assets
$2,008,439
Net Assets
$2,008,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
MICHAEL GRISDALE
Phone
9066430443
Tax Period
2024-04-01 to 2025-03-31

MACKINAC STRAITS HEALTH FOUNDATION, founded in 2013, is a small nonprofit in the Health Care sector that reported $325K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $265K, a strong 82% operating margin.

Mission

TO PROVIDE SUPPORT TO MACKINAC STRAITS HEALTH SYSTEM IN ORDER TO IMPROVE THE HEALTH STATUS OF THE COMMUNITIES IT SERVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $344,487
Program Service Revenue $0
Investment Income $50,876
Other Revenue $-70,265
TOTAL REVENUE $325,098

Expense Breakdown

Grants Paid $28,888
Salaries & Benefits $0
Fundraising Expenses $19,733
Program Expenses $28,888
Other Expenses $11,195
TOTAL EXPENSES $59,816

Year-over-Year Comparison

2024 2023 Change
Revenue $325,098 $587,901 -0.4%
Expenses $59,816 $283,974 -0.8%
Net Income $265,282 $303,927 -0.1%
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
10
Independent Members
9
Employees
N/A
Volunteers
40

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
5
$76,234
Total Directors
10
$375,968
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN CHEESEMAN TRUSTEE/MSHS CEO 0.70
Director
$0 $65,094 $375,968
MARGARET DOUD CHAIRMAN 0.70
Officer Director
$0 $0 $0
STEVE AUTORE VICE CHAIR 0.70
Officer Director
$0 $0 $0
PRENTISS M BROWN TREASURER 0.70
Officer Director
$0 $0 $0
WESLEY H MAURER JR SECRETARY 0.70
Officer Director
$0 $0 $0
BRYAN CROSS TRUSTEE/MMH 0.70
Director
$0 $0 $0
PATTI ANN MOSKWA TRUSTEE 0.70
Director
$0 $0 $0
JAMES NORTH TRUSTEE 0.70
Director
$0 $0 $0
ELIZABETH TURF TRUSTEE 0.70
Director
$0 $0 $0
LYDIA WATSON TRUSTEE/MMH 0.70
Director
$0 $0 $0
MICHAEL GRISDALE EXECTUIVE DIRECTOR 18.00
Officer
$0 $12,005 $76,234
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 $325,098 $59,816 $2,008,439 $265,282
2024 $587,901 $283,974 $1,743,157 $303,927
2023 $374,938 $320,537 $1,439,230 $54,401
2022 $657,022 $94,708 $1,384,829 $562,314
2021 $284,835 $54,128 $721,117 $230,707
2020 $191,899 $573,156 $490,410 $-381,257
2019 $162,650 $67,522 $871,667 $95,128
2018 $152,786 $549,470 $776,539 $-396,684
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