Manistique, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Schoolcraft Memorial Hospital, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $56.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.
Schoolcraft Memorial Hospital is committed to providing quality healthcare and wellness for the people of our community.
Schoolcraft Memorial Hospital (SMH), a component unit of Schoolcraft County, is organized under Public Act of 230 and is a county hospital corporation that operates a 12-bed acute care facility. SMH...
Schoolcraft Memorial Hospital (SMH), a component unit of Schoolcraft County, is organized under Public Act of 230 and is a county hospital corporation that operates a 12-bed acute care facility. SMH provides comprehensive inpatient, outpatient, emergency, medical clinic, and home health services in total. Healthcare is offered in at least 30 specialties, some of which include cardiology, neurology, general and orthopedic surgery, a 24-hour physician staffed emergency room, a walk-in clinic, physical and occupational therapy, cardiac rehabilitation, and a wide range of diagnostic services including a full-service laboratory, x-ray, mammography, CT scans, MRI's, and nuclear medicine. SMH is an equal opportunity provider and employer. (continued on Schedule O)During 2023, SMH had 1284 acute and swing bed patient days, 721 inpatient and outpatient surgeries, 56,574 outpatient visits, and 345 Home Health Admits.The Hospital provides health care services to patients who meet certain criteria under its charity care policy without charge or at amounts less than established rates. Since the Hospital does not pursue collection of these amounts, they are not reported as patient service revenue. The estimated cost of providing these services was $281,000 in 2023, calculated by multiplying the ratio of cost to gross charges for the Hospital by the gross uncompensated charges associated with providing charity care to its patients.
SMH owns a provider based rural health clinic which had five full time and one per diem physician, seven nurse practitioners, and two physician assistants. SMH had 29,326 RHC visits in 2023.
SMH offers 24/7 emergency services staffed with a physician who is on-site. SMH treats all patients regardless of their ability to pay. SMH had 4,596 ER visits in 2023.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $56,179,091 | $49,687,136 | +0.1% |
| Expenses | $56,882,816 | $50,499,954 | +0.1% |
| Net Income | $-703,725 | $-812,818 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| Peter Hood | Chair | 3.00 |
Officer
Director
|
$2,065 | $0 | $2,065 |
| James Blanchard | Vice Chair | 2.00 |
Officer
Director
|
$960 | $0 | $960 |
| Kevin Knaffla | Treasurer | 1.00 |
Officer
Director
|
$1,535 | $0 | $1,535 |
| Cindy Olli | Secretary | 1.00 |
Officer
Director
|
$960 | $0 | $960 |
| Howard Parmentier | Trustee | 1.00 |
Director
|
$690 | $0 | $690 |
| Ryan Fausett | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Rayner | Trustee/Otolaryngologist | 41.00 |
Director
|
$462,175 | $35,127 | $497,302 |
| Kristi Kusnier | Trustee/Family Medicine | 41.00 |
Director
|
$351,481 | $13,650 | $365,131 |
| Dennis Wiethoff | Trustee | 1.00 |
Director
|
$900 | $0 | $900 |
| Andrew Bertapelle | CEO | 40.00 |
Officer
|
$214,397 | $28,091 | $242,488 |
| Eric Price | CFO (as of Jan 3, 2023) | 40.00 |
Officer
|
$185,635 | $10,822 | $196,457 |
| Laura Steffen | Interim CFO (thru Jan 2, 2023) | 40.00 |
Officer
|
$121,046 | $16,213 | $137,259 |
| Kyle Randall | Orthopedic Surgeon | 40.00 |
Highest
|
$705,392 | $14,210 | $719,602 |
| Gregory Bamabach | General Surgeon | 40.00 |
Highest
|
$536,074 | $35,127 | $571,201 |
| Christon Dums | Family Medicine | 40.00 |
Highest
|
$520,103 | $20,441 | $540,544 |
| David Schoenow | ER Physician | 40.00 |
Highest
|
$550,711 | $46,687 | $597,398 |
| Nicholas Hoeve | Cardiologist | 40.00 |
Highest
|
$506,175 | $33,972 | $540,147 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $56,179,091 | $56,882,816 | $49,862,336 | $-703,725 |
| 2022 | $49,687,136 | $50,499,954 | $44,012,981 | $-812,818 |
| 2021 | $51,651,017 | $48,000,116 | $44,098,410 | $3,650,901 |
| 2020 | $43,906,748 | $42,966,011 | $40,648,990 | $940,737 |
| 2019 | $38,776,321 | $39,794,824 | $34,456,660 | $-1,018,503 |
| 2018 | $40,376,021 | $39,431,697 | $32,493,639 | $944,324 |
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