MYMICHIGAN HEALTH FOUNDATION

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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

2016

Legal Domicile

Principal Officer

LYDIA WATSON

Phone

9898379039

Tax Period

2022-07-01 to 2023-06-30

MYMICHIGAN HEALTH FOUNDATION, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $13.6M in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $23.8M exceeded revenue, resulting in a 75% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ANY ORGANIZATION THAT IS DIRECTLY OR INDIRECTLY CONTROLLED BY MYMICHIGAN HEALTH.

Program Service Accomplishments

Program 1

Expenses: $23,797,004

PROVIDED SUPPORT FOR MEDICAL EQUIPMENT, PROGRAM SUPPORT AND THE COMPASSIONATE NEEDS OF PATIENTS SERVED BY MYMICHIGAN HEALTH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,316,947

Program Service Revenue $0

Investment Income $1,297,895

Other Revenue $0

TOTAL REVENUE $13,614,842

Expense Breakdown

Grants Paid $23,797,004

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,797,004

Other Expenses $0

TOTAL EXPENSES $23,797,004

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,614,842	$22,599,091	-0.4%
Expenses	$23,797,004	$7,800,727	+2.1%
Net Income	$-10,182,162	$14,798,364	-1.7%

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

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

$1,521,432

Total Directors

$978,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGERS GREGORY	FORMER OFFICER	0.00		$0	$263,807	$1,821,935
POSTLER-SLATTERY DIANE	FORMER OFFICER	0.00		$0	$18,387	$910,809
WATSON PINNEY MD LYDIA	DIRECTOR (PART YEAR)	2.00	Officer Director	$0	$68,919	$807,774
ROSE MICHAEL	SECRETARY/TREASURER	2.00	Officer	$0	$45,209	$713,658
PADGETT FRANCINE	FORMER TREASURER & SECRETARY	0.00		$0	$0	$481,585
O'KEEFE DENISE	EXECUTIVE DIRECTOR	2.00	Director	$0	$31,603	$170,786
HENDERSON WILLIAM	CHAIR	2.00	Officer Director	$0	$0	$0
BURTON ANN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BOUNDY PAM	DIRECTOR	2.00	Director	$0	$0	$0
DENOOYER BOB	DIRECTOR	2.00	Director	$0	$0	$0
GREGORIO MAURO	DIRECTOR	2.00	Director	$0	$0	$0
OPPERMAN SARAH	DIRECTOR	2.00	Director	$0	$0	$0
RUBINSTEIN ANDREW	DIRECTOR (PART YEAR)	2.00	Director	$0	$0	$0
SCHUETTE CYNTHIA	DIRECTOR	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$13,614,842	$23,797,004	$43,076,274	$-10,182,162
2022	$22,599,091	$7,800,727	$53,196,426	$14,798,364
2021	$3,599,995	$17,135,178	$38,469,192	$-13,535,183
2020	$4,536,084	$2,010,009	$51,811,295	$2,526,075
2019	$4,383,415	$1,945,711	$49,385,030	$2,437,704
2018	$12,655,227	$2,636,975	$45,600,175	$10,018,252