MARLETTE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLUEWATER HEALTHCARE NETWORK, founded in 2012, is a micro nonprofit in the Health Care sector that reported $610 in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 233% operating deficit.
BLUEWATER HEALTHCARE NETWORK'S PURPOSE IS TO GOVERN, OWN, OPERATE AND MAINTAIN AN INTEGRATED HEALTH CARE SYSTEM FOR THE CARE AND TREATMENT OF INDIGENT, SICK, INFIRM, AND INJURED PERSONS, AND TO GENERALLY PROVIDE FOR THE PRESERVATION AND PROMOTION OF HEALTH AND HEALTH CARE IN AND AROUND THE MICHIGAN COUNTIES OF SANILAC, TUSCOLA, HURON AND LAPEER, AND THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DETERMINE. MORE SPECIFICALLY, BLUEWATER HEALTHCARE NETWORK IS ORGANIZED TO PROMOTE, ACQUIRE, BUILD, ESTABLISH, OPERATE AND MAINTAIN ONE OR MORE CRITICAL ACCESS AND CHARITABLE HOSPITALS, AND OTHER ENTITIES THAT PROVIDE FOR HEALTHCARE FOR THE RECEPTION, CARE, AND TREATMENT OF SICK, INJURED, WOUNDED, AFFLICTED AND SUFFERING HUMAN BEINGS, AMONG OTHER ACTIVITIES LISTED IN OUR ARTICLES OF INCORPORATION.
PROMOTED HEALTHCARE FOR TREATMENT OF SICK, INJURED, WOUNDED, AFFLICTED AND SUFFERING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $610 | $6,238 | -0.9% |
| Expenses | $2,030 | $3,297 | -0.4% |
| Net Income | $-1,420 | $2,941 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL BABCOCK | CEO (THRU DEC 2022) | 1.00 |
Officer
Director
|
$0 | $26,806 | $230,122 |
| ANGELA MCCONNACHIE | COO/CEO | 1.00 |
Officer
Director
|
$0 | $7,537 | $118,563 |
| GAIL DENTON | CHARIMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUSTIN FABER | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VICTORIA MEIBURG | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER CLARK | DIRECTOR (THRU MAY 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE COOK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE ELLIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| IRENE COLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CURTIS LANDRITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDER MESSING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID MESSING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT ORR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL ROHLING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID WEST | DIRECTOR (THRU MAY 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $610 | $2,030 | $203,758 | $-1,420 |
| 2023 | $4 | No data | $193,762 | No data |
| 2022 | $6,238 | $3,297 | $972,127 | $2,941 |
Compare BLUEWATER HEALTHCARE NETWORK with other nonprofits in Michigan and across the country.