MUNSON HEALTHCARE CHARLEVOIX HOSPITAL FOUNDATION (EIN 753078034) - 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

2002

Legal Domicile

Principal Officer

DESIREE WORTHINGTON

Phone

2315474024

Tax Period

2017-07-01 to 2018-06-30

MUNSON HEALTHCARE CHARLEVOIX HOSPITAL FOUNDATION, founded in 2002, is a small nonprofit that reported $698K in total revenue in fiscal year 2017. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $893K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE MUNSON HEALTHCARE CHARLEVOIX HOSPITAL FOUNDATION IS TO RAISE, MANAGE,AND GRANT FUNDS TO SUPPORT MUNSON HEALTHCARE CHARLEVOIX HOSPITAL'S MISSION TO PROVIDE ACCESSIBLE, QUALITY, COMPASSIONATE HEALTHCARE SERVICES TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 (2017)

Revenue Breakdown

Contributions & Grants $512,906

Program Service Revenue $143,826

Investment Income $12,402

Other Revenue $28,752

TOTAL REVENUE $697,886

Expense Breakdown

Grants Paid $745,880

Salaries & Benefits $0

Fundraising Expenses $142,253

Program Expenses $745,880

Other Expenses $147,379

TOTAL EXPENSES $893,259

Year-over-Year Comparison

	2017	2016	Change
Revenue	$697,886	$1,164,633	-0.4%
Expenses	$893,259	$2,347,262	-0.6%
Net Income	$-195,373	$-1,182,629	-0.8%

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

N/A

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

$813,593

Total Directors

$623,739

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESIREE WORTHINGTON	PRESIDENT	6.00	Officer Director	$0	$42,920	$258,377
GLADYLYN JENKS	DIRECTOR	1.00	Director	$0	$994	$200,851
JOANNE SCHROEDER	DIRECTOR	1.00	Director	$0	$28,159	$164,511
SCOTT BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE DILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARY FACULAK	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FLANDERS	PART-YEAR TR	2.00	Officer Director	$0	$0	$0
ROBERT HOFFMAN	PT YR CHR/V.	2.00	Officer Director	$0	$0	$0
JACKIE KRUTSCH	DIRECTOR	1.00	Director	$0	$0	$0
ALAN MCBRIDE	PT-YR TREAS/	2.00	Officer Director	$0	$0	$0
MARGE MCGOFF	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN MULADORE	SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG PETERS	PART-YEAR CH	2.00	Officer Director	$0	$0	$0
AMY SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WESTON	DIRECTOR	1.00	Director	$0	$0	$0
CATHY WONSKI	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WRIGHT	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	$697,886	$893,259	No data	$-195,373

MUNSON HEALTHCARE CHARLEVOIX HOSPITAL FOUNDATION