MUNSON HEALTHCARE CADILLAC

EIN: 471156297 501(c)(3) Health Care

TRAVERSE CITY, MI

Total Revenue
$255,966,327
Total Expenses
$223,250,409
Total Assets
$90,681,323
Net Assets
$61,857,592
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
PETER MARINOFF
Phone
2319355000
Tax Period
2024-07-01 to 2025-06-30

MUNSON HEALTHCARE CADILLAC, founded in 2014, is a major nonprofit in the Health Care sector that reported $256.0M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $223.3M left a modest 13% surplus.

Mission

MUNSON HEALTHCARE CADILLAC AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.

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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 $2,945,147
Program Service Revenue $252,339,019
Investment Income $18,838
Other Revenue $663,323
TOTAL REVENUE $255,966,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,093,822
Fundraising Expenses $217,333
Program Expenses $190,635,398
Other Expenses $158,156,587
TOTAL EXPENSES $223,250,409

Year-over-Year Comparison

2024 2023 Change
Revenue $255,966,327 $140,714,179 +0.8%
Expenses $223,250,409 $129,766,373 +0.7%
Net Income $32,715,918 $10,947,806 +2.0%
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

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Governance

Voting Members
22
Independent Members
18
Employees
745
Volunteers
27

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
6
$1,308,865
Total Directors
23
$4,642,885
Key Employees
5
$2,691,464
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWIN A NESS DIRECTOR 2.00
Director
$0 $253,876 $2,922,871
LAURA GLENN MHC SYSTEM C 2.00
Key Emp
$0 $111,766 $1,141,163
KENT BOWDEN DO SURGEON 40.00
Highest
$923,313 $55,398 $978,711
PAUL KONOPACKI CFO 2.00
Officer
$0 $92,977 $801,715
MATTHEW DUBIEL MD ORTHOPEDIC S 2.00
Highest
$29,536 $46,392 $771,269
DINO RECCHIA MD DIRECTOR 0.00
Director
$0 $31,094 $746,394
DONALD SCHOLTEN MD SURGEON 10.00
Highest
$163,712 $40,603 $712,076
JOSEPH WARD MD ORTHOPEDIC S 12.00
Highest
$192,527 $53,346 $709,482
PAUL BIZZIGOTTI MD ORTHOPEDIC S 40.00
Highest
$525,646 $38,933 $564,579
ELLEN SMITH PRESIDENT AM 2.00
Key Emp
$0 $9,670 $548,244
PETER MARINOFF PRESIDENT 40.00
Officer Director
$0 $76,263 $487,150
KATHLEEN LARAIA VP ONCOLOGY 2.00
Key Emp
$0 $59,521 $437,443
VINCENT SCHULTZ MD DIRECTOR 0.00
Director
$0 $45,583 $401,470
BONNIE KRUSZKA CHIEF APP & 2.00
Key Emp
$0 $28,633 $285,862
CRISTEN BRANDSMA COO/CNO 40.00
Key Emp
$250,110 $28,642 $278,752
KENNETH BLOEM CHAIR 0.00
Officer Director
$0 $0 $5,000
MATT BULLOCH DIRECTOR 0.00
Director
$0 $0 $5,000
NICK CEGLAREK DIRECTOR 0.00
Director
$0 $0 $5,000
KATHY DIXON DIRECTOR 0.00
Director
$0 $0 $5,000
JENNIFER KING DIRECTOR 0.00
Director
$0 $0 $5,000
KARL KLIMEK DIRECTOR 0.00
Director
$0 $0 $5,000
RUTH HOPPE MD V CHAIR 0.00
Officer Director
$0 $0 $5,000
DAVE MENGEBIER TREASURER 0.00
Officer Director
$0 $0 $5,000
KIM MORLEY DIRECTOR 0.00
Director
$0 $0 $5,000
TIM NELSON SECRETARY 0.00
Officer Director
$0 $0 $5,000
ANDY PAGE DIRECTOR 0.00
Director
$0 $0 $5,000
BRIAN POSTMA DIRECTOR 0.00
Director
$0 $0 $5,000
OWEN ROBERTS DIRECTOR 0.00
Director
$0 $0 $5,000
MARY SANDERS DIRECTOR 0.00
Director
$0 $0 $5,000
KRISTINE THOMAS DIRECTOR 0.00
Director
$0 $0 $5,000
TOM VERYSER DIRECTOR 0.00
Director
$0 $0 $5,000
ELAINE WOOD DIRECTOR 0.00
Director
$0 $0 $5,000
DAVID MCCURDY DIRECTOR 0.00
Director
$0 $0 $0
SAKURA TAKANO DIRECTOR 0.00
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
2025 $255,966,327 $223,250,409 $90,681,323 $32,715,918
2024 No data No data No data No data
2023 $131,411,611 $126,619,555 $50,392,268 $4,792,056
2022 $133,036,721 $119,999,629 $79,589,718 $13,037,092
2021 $123,901,366 $110,048,891 $113,351,457 $13,852,475
2020 $111,462,096 $101,599,626 $96,622,371 $9,862,470
2019 $112,050,695 $104,010,531 $71,123,499 $8,040,164
2018 $98,875,981 $97,563,489 $50,219,257 $1,312,492
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