SPECTRUM HEALTH - MSU ALLIANCE CORPORATION

EIN: 760845329 501(c)(3) Science & Technology

GRAND RAPIDS, MI

Total Revenue
$3,000,000
Total Expenses
$2,190,422
Total Assets
$1,773,504
Net Assets
$1,773,504
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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
2006
Legal Domicile
MI
Principal Officer
GERMAINE KOOIMAN
Phone
8669897999
Tax Period
2023-07-01 to 2024-06-30

SPECTRUM HEALTH - MSU ALLIANCE CORPORATION, founded in 2006, is a community nonprofit in the Science & Technology sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $810K, a strong 27% operating margin.

Mission

COORDINATES & FUNDS RESEARCH & MEDICAL EDUCATION ACTIVITIES IN A VARIETY OF MEDICAL DISCIPLINES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,000,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,000,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,190,422
Other Expenses $2,190,422
TOTAL EXPENSES $2,190,422

Year-over-Year Comparison

2023 2022 Change
Revenue $3,000,000 $2,600,000 +0.2%
Expenses $2,190,422 $2,366,335 -0.1%
Net Income $809,578 $233,665 +2.5%
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
6
Independent Members
N/A
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
4
$2,573,478
Total Directors
6
$4,295,694
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEJANDRO QUIROGA CHAND MD DIRECTOR 1.00
Director
$0 $263,693 $1,286,400
JOSHUA KOOISTRA DO DIRECTOR/TREASURER/SECRETARY 1.00
Officer Director
$0 $175,596 $1,038,466
ARON SOUSA MD DIRECTOR/TREASURER/SECRETARY 1.00
Officer Director
$0 $53,591 $725,491
PAULA SCHUITEMAN-BISHOP DIRECTOR/CHAIR/VICE CHAIR 1.00
Officer Director
$0 $70,439 $567,996
DOUGLAS GAGE PHD DIRECTOR 1.00
Director
$0 $56,192 $435,816
GERMAINE KOOIMAN DIRECTOR/CHAIR/VICE CHAIR 1.00
Officer Director
$0 $41,732 $241,525
CHRISTINA FREESE DECKER FORMER OFFICER 0.00
$0 $1,373,681 $6,732,149
DARRYL ELMOUCHI MD FORMER OFFICER 0.00
$0 $649,299 $3,903,959
NORMAN BEAUCHAMP JR MD FORMER OFFICER 0.00
$0 $63,004 $856,647
CHRISTOPHER CHAMBERS FORMER OFFICER 0.00
$0 $52,896 $599,510
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 No data No data No data No data
2024 $3,000,000 $2,190,422 $1,773,504 $809,578
2023 $2,600,000 $2,366,335 $989,020 $233,665
2022 $2,000,000 $2,440,949 $1,074,978 $-440,949
2021 No data $2,448,342 $1,709,555 No data
2020 No data $2,885,900 $2,133,605 No data
2019 No data $2,829,992 $712,628 No data
2018 No data $2,681,550 $660,697 No data
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