ST JOSEPH MERCY CHELSEA INC

EIN: 824757260 501(c)(3) Health Care

CHELSEA, MI

Total Revenue
$201,551,931
Total Expenses
$193,829,833
Total Assets
$166,499,971
Net Assets
$128,657,612
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Principal Officer
BENJAMIN MILES
Phone
7345936000
Tax Period
2022-07-01 to 2023-06-30

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.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,121,439
Program Service Revenue $193,994,062
Investment Income $1,306,990
Other Revenue $5,129,440
TOTAL REVENUE $201,551,931

Expense Breakdown

Grants Paid $318,731
Salaries & Benefits $94,803,546
Fundraising Expenses $0
Program Expenses $180,036,176
Other Expenses $98,707,556
TOTAL EXPENSES $193,829,833

Year-over-Year Comparison

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%
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
8
Independent Members
4
Employees
N/A
Volunteers
59

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
7
$4,604,080
Total Directors
10
$4,267,079
Key Employees
2
$618,085
Highest Compensated
5
reported
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
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 $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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