CHELSEA, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ST JOSEPH MERCY CHELSEA INC, founded in 2018, is a major nonprofit in the Health Care sector that reported $201.6M in total revenue in fiscal year 2022. Expenses of $193.8M left a modest 4% surplus.
WE, ST. JOSEPH MERCY CHELSEA AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. ST. JOSEPH MERCY CHELSEA IS A MEMBER OF TRINITY HEALTH - MICHIGAN AND TRINITY HEALTH.
ST. JOSEPH MERCY CHELSEA (CHELSEA HOSPITAL) IS A 133-BED, NOT-FOR-PROFIT JOINT VENTURE HOSPITAL, WHOSE PARTNERS ARE TRINITY HEALTH - SOUTHEAST MICHIGAN, A MEMBER OF NATIONAL CATHOLIC HEALTH CARE...
ST. JOSEPH MERCY CHELSEA (CHELSEA HOSPITAL) IS A 133-BED, NOT-FOR-PROFIT JOINT VENTURE HOSPITAL, WHOSE PARTNERS ARE TRINITY HEALTH - SOUTHEAST MICHIGAN, A MEMBER OF NATIONAL CATHOLIC HEALTH CARE SYSTEM TRINITY HEALTH BASED IN LIVONIA, MICH., AND MICHIGAN MEDICINE (UM), THE ACADEMIC MEDICAL CENTER OF THE UNIVERSITY OF MICHIGAN. FOUNDED IN 1970, CHELSEA HOSPITAL IS NATIONALLY RECOGNIZED FOR BOTH QUALITY OF CARE AND PATIENT SATISFACTION BY NATIONAL RANKING ORGANIZATION PRESS GANEY, AND IS ACCREDITED BY THE JOINT COMMISSION. CHELSEA HOSPITAL EMPLOYS MORE THAN 1,400 INDIVIDUALS WITH A MEDICAL STAFF OF APPROXIMATELY 500 PHYSICIANS. KEY SERVICES INCLUDE ROBUST MEDICAL AND SURGICAL SERVICE LINES, EIGHT OPERATING ROOMS, A 24-HOUR EMERGENCY DEPARTMENT AND SENIOR EMERGENCY ROOM, A STATE-OF-THE-ART CANCER CENTER, A PHYSICAL MEDICINE AND REHABILITATION DEPARTMENT, A COMPREHENSIVE HEAD PAIN TREATMENT UNIT AND BEHAVIORAL HEALTH SERVICES. AS A NOT-FOR-PROFIT HOSPITAL, CHELSEA HOSPITAL REINVESTS ITS PROFITS INTO THE COMMUNITY THROUGH PROGRAMS TO SERVE THE POOR AND UNINSURED, MANAGE CHRONIC CONDITIONS LIKE DIABETES, PROVIDE HEALTH EDUCATION, AND OUTREACH TO THE ELDERLY.PLEASE SEE SCHEDULE H AND VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS:WWW.TRINITYHEALTHMICHIGAN.ORG/LOCATION/CHELSEA-HOSPITAL
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $201,551,931 | $195,381,628 | +0.0% |
| Expenses | $193,829,833 | $186,629,369 | +0.0% |
| Net Income | $7,722,098 | $8,752,259 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT CASALOU | DIR;VCHR THR11/22;CHAIR 11/22;PRES | 1.00 |
Officer
Director
|
$0 | $79,503 | $1,964,145 |
| MICHAEL GUSHO | DIRECTOR; TREASURER; CFO TH-MI | 1.00 |
Officer
Director
|
$0 | $68,617 | $1,114,641 |
| KELLY SMITH | DIR; CHIEF STRATEGY OFFICER TH-MI | 1.00 |
Director
|
$0 | $21,918 | $702,089 |
| SHARON O'LEARY MD | DIRECTOR; IHA CHIEF QUALITY OFFICER | 1.00 |
Director
|
$0 | $56,058 | $486,204 |
| JEFFREY DESMOND MD | DIR; CHAIR THR 11/22; CMO, MI MED | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAFINA KHATEEB MD | DIR;V CHAIR 11/22; ASSOC PROF MI MED | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL CASTILLO | DIRECTOR THR 4/23; CFO MICHIGAN MED | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD HELPPIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIGDALIA MUSLER | DIRECTOR; COO, MI MEDICINE MED GROUP | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC STRUCKO | DIRECTOR AS OF 4/23 | 1.00 |
Director
|
$0 | $0 | $0 |
| TOMASINE MARX | TH-MI VP FINANCE WEST MARKET | 1.00 |
Officer
|
$0 | $52,562 | $564,244 |
| MANDI MURRAY | SECRETARY; TH-MI MANAGING COUNSEL | 1.00 |
Officer
|
$0 | $94,537 | $537,939 |
| BENJAMIN MILES | PRESIDENT & CEO CHELSEA HOSPITAL | 55.00 |
Officer
|
$0 | $63,662 | $423,111 |
| FAZLEOMAR MAHMOOD MD | PHYSICIAN; CMO CHELSEA AS OF 3/23 | 50.00 |
Key Emp
|
$0 | $49,700 | $370,706 |
| ALON WEIZER MD | CMO, CHELSEA HOSPITAL THROUGH 12/22 | 50.00 |
Key Emp
|
$0 | $11,523 | $247,379 |
| CREG CARPENTER MD | ORTHOPEDIC SURGEON | 50.00 |
Highest
|
$0 | $63,250 | $1,591,873 |
| ROBERT WILLIAMS MD | ORTHOPEDIC SURGEON | 50.00 |
Highest
|
$0 | $57,142 | $1,309,660 |
| MARK PINTO MD | ORTHOPEDIC SURGEON | 50.00 |
Highest
|
$0 | $59,895 | $934,732 |
| MATTHEW SLEZIAK DO | PHYSIATRIST | 50.00 |
Highest
|
$0 | $46,414 | $645,319 |
| JENNIFER MCLEOD MD | GENERAL SURGEON | 50.00 |
Highest
|
$0 | $43,792 | $394,195 |
| SALLY GUINDI | FORMER OFFICER | 0.00 |
|
$0 | $58,211 | $504,234 |
| NANCY GRAEBNER | FORMER OFFICER | 0.00 |
|
$0 | $19,143 | $273,129 |
| 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 | $201,551,931 | $193,829,833 | $166,499,971 | $7,722,098 |
| 2022 | $195,381,628 | $186,629,369 | $169,897,454 | $8,752,259 |
| 2021 | $193,867,498 | $179,421,231 | $183,898,164 | $14,446,267 |
| 2020 | $168,557,314 | $176,827,148 | $154,111,129 | $-8,269,834 |
| 2019 | $178,190,484 | $175,617,201 | $143,387,150 | $2,573,283 |
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