MUNSON HEALTHCARE CADILLAC HOSPITAL FOUNDATION

EIN: 472857600 501(c)(3)

TRAVERSE CITY, MI

Total Revenue
$488,715
Total Expenses
$728,346
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MI
Principal Officer
DESIREE WORTHINGTON
Phone
2319355000
Tax Period
2017-07-01 to 2018-06-30

MUNSON HEALTHCARE CADILLAC HOSPITAL FOUNDATION, founded in 2015, is a small nonprofit that reported $489K in total revenue in fiscal year 2017. Expenses of $728K exceeded revenue, resulting in a 49% operating deficit.

Mission

NONE.

Program Service Accomplishments

Program 1
Expenses: $615,266 Revenue: $106,605

FUNDS SUPPORT MUNSON HEALTHCARE CADILLAC HOSPITAL. MAJOR INITIATIVES FUNDED INCLUDE THE UPGRADE OF RADIOLOGIST WORKSTATIONS, MONITORS AND SOFTWARE, THE PURCHASE OF A MANOSCAN MANOMETRY SYSTEM, AND A...

Read more

FUNDS SUPPORT MUNSON HEALTHCARE CADILLAC HOSPITAL. MAJOR INITIATIVES FUNDED INCLUDE THE UPGRADE OF RADIOLOGIST WORKSTATIONS, MONITORS AND SOFTWARE, THE PURCHASE OF A MANOSCAN MANOMETRY SYSTEM, AND A 3D MAMMOGRAPHY UPGRADE. THE GRANTS ALSO FUNDED MEDICAL EQUIPMENT PURCHASES, FURNITURE REPLACEMENT, UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA, BREAST CARE ASSISTANCE, AND NURSING AND STAFF TRAINING.

Program 2
Expenses: $3,470

A GRANT WAS PROVIDED TO MUNSON MEDICAL CENTER TO FUND NETWORKING EVENTS FOR PHYSICIANS AND MEDICAL STUDENTS IN THE CADILLAC AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $313,206
Program Service Revenue $106,605
Investment Income $61,856
Other Revenue $7,048
TOTAL REVENUE $488,715

Expense Breakdown

Grants Paid $618,736
Salaries & Benefits $0
Fundraising Expenses $104,093
Program Expenses $618,736
Other Expenses $109,610
TOTAL EXPENSES $728,346

Year-over-Year Comparison

2017 2016 Change
Revenue $488,715 $456,797 +0.1%
Expenses $728,346 $1,845,370 -0.6%
Net Income $-239,631 $-1,388,573 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
7
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
6
$813,593
Total Directors
10
$634,540
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONYA SMITH DIRECTOR 1.00
Director
$0 $43,175 $354,842
DESIREE WORTHINGTON PRESIDENT 6.00
Officer Director
$0 $42,920 $258,377
GREG LAMBOURNE DIRECTOR 1.00
Director
$0 $0 $21,321
PAM ANDERSON SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICK CARROLL TREASURER 2.00
Officer Director
$0 $0 $0
ALICIA ELMORE DIRECTOR 1.00
Director
$0 $0 $0
GREG GLASBY CHAIR 2.00
Officer Director
$0 $0 $0
JOHN MACLEOD VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARCIA RACKOV DIRECTOR 1.00
Director
$0 $0 $0
JERRY SINKEL DIRECTOR 1.00
Director
$0 $0 $0
MARK A HEPLER CFO 2.00
Officer
$0 $84,671 $555,216
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
2018 $488,715 $728,346 No data $-239,631
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MUNSON HEALTHCARE CADILLAC HOSPITAL FOUNDATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.