SPECTRUM HEALTH - MSU ALLIANCE COR… - Form 990 Financial Data

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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

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

SPECTRUM HEALTH - MSU ALLIANCE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT AND TO COORDINATE ITS MEMBERS' MEDICAL RESEARCH AND EDUCATION ACTIVITIES IN WEST MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $2,190,422

THE SPECTRUM HEALTH - MSU ALLIANCE CORPORATION PROVIDES A MECHANISM FOR ITS MEMBERS TO FUND THE RECRUITMENT AND RETENTION BY MICHIGAN STATE UNIVERSITY OF RESEARCHERS AND MEDICAL EDUCATORS OF MUTUAL INTEREST AND THE DEVELOPMENT AND IMPLEMENTATION OF ONGOING RESEARCH PLANS. THE MEMBERS MAKE DECISIONS THROUGH THE BOARD OF DIRECTORS OF THE ORGANIZATION WITH RESPECT TO MATTERS DETERMINED TO BE OF MUTUAL INTEREST, SUCH AS AREAS OF STAFFING FOR BASIC AND TRANSLATIONAL RESEARCH AND MEDICAL RESEARCH EDUCATION. DURING THE FISCAL YEAR SPECTRUM HEALTH - MSU ALLIANCE CORPORATION SUPPORTED RESEARCH IN THE AREAS OF WOMEN'S HEALTH, PEDIATRICS, NEUROSCIENCES, CYSTIC FIBROSIS, EPIDEMIOLOGY, POLYAMINE DISORDERS, BIG DATA AND OTHER VARIOUS RESEARCH PROJECTS.

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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 $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

Governance

Voting Members

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

$2,573,478

Total Directors

$4,295,694

Key Employees

Highest Compensated

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

SPECTRUM HEALTH - MSU ALLIANCE CORPORATION