Schoolcraft Memorial Hospital (EIN 742517055) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

Andrew Bertapelle

Phone

9063413221

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

Provide comprehensive inpatient, outpatient, emergency, medical clinic, and home health services.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $398,929

Program Service Revenue $55,056,535

Investment Income $707,519

Other Revenue $16,108

TOTAL REVENUE $56,179,091

Expense Breakdown

Grants Paid $48,666

Salaries & Benefits $30,956,481

Fundraising Expenses $0

Program Expenses $48,947,954

Other Expenses $25,877,669

TOTAL EXPENSES $56,882,816

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

400

Volunteers

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

$581,724

Total Directors

$869,543

Key Employees

Highest Compensated

reported

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

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
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

Schoolcraft Memorial Hospital