Munson Medical Group
- Assets
- $6.4m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 334
- Location
- Traverse City, MI
- Founding
- 09/2012
- Data as of
- 06/2022
- EIN
- 27-3600575
Organization Overview
Munson Medical Group is located in Traverse City, MI. The organization was established in 2012. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Munson Medical Group employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Medical Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Munson Medical Group generated $20.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $35.6m during the year ending 06/2022. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW AND DEVELOP A HIGHLY EFFECTIVE, MULTI-REGIONAL PHYSICIAN PRACTICE THAT IS A CENTRAL COMPONENT OF A COMMUNITY-FOCUSED, VERTICALLY INTEGRATED HEALTH CARE DELIVERY SYSTEM SUPPORTING THE OPERATIONS OF MUNSON MEDICAL CENTER WITH A COMMITMENT TO EXCELLENCE AND THE ETHICAL DIRECTIVES OF THE MEDICAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PHYSICIAN SERVICES TO THE COMMUNITY SERVED BY MUNSON MEDICAL CENTER THROUGH A MULTI-SPECIALTY PHYSICIAN GROUP PRACTICE MODEL THAT IS FUNCTIONALLY INTEGRATED WITH THE GOVERNANCE AND MANAGEMENT SYSTEMS OF MUNSON MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin A Ness Director | Trustee | 1 | $0 |
James Fox MD Cardiologist | 40 | $828,770 | |
Steven Mast MD Cardiologist | 40 | $825,102 | |
John Beattie MD Cardiologist | 40 | $824,494 | |
Nicklaus Slocum MD Cardiologist | 40 | $825,853 | |
Todd Adams DO Cardiologist | 40 | $826,459 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Amb Support | 6/29/22 | $349,163 |
Eclinical Works Practice Mgmt | 6/29/22 | $312,191 |
Waystar Inc Revenue Cycle | 6/29/22 | $260,995 |
Murj Inc Data Mgmt | 6/29/22 | $160,000 |
Ingenious Med Inc Revenue Optimiz | 6/29/22 | $194,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $574,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,814 |
| Total Program Service Revenue | $20,198,548 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,401 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,835,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,256,279 |
| Pension plan accruals and contributions | $1,020,077 |
| Other employee benefits | $2,082,960 |
| Payroll taxes | $1,785,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $152,411 |
| Fees for services: Lobbying | $2,827 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,929,115 |
| Advertising and promotion | $529 |
| Office expenses | $178,939 |
| Information technology | $1,609,893 |
| Royalties | $0 |
| Occupancy | $171,390 |
| Travel | $163,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,125 |
| Insurance | $148,702 |
| All other expenses | -$7,782,622 |
| Total functional expenses | $35,606,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,429,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,845,348 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,042 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,087,452 |
| Other assets | $0 |
| Total assets | $6,439,318 |
| Accounts payable and accrued expenses | $2,953,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,953,109 |
| Net assets without donor restrictions | $3,486,209 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,439,318 |