Munson Medical Group
- Assets
- $5.4m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 311
- Location
- Traverse City, MI
- Founding
- 09/2012
- Data as of
- 06/2021
- 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 06/2021, Munson Medical Group employed 311 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 06/2021, Munson Medical Group generated $18.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $29.4m during the year ending 06/2021. While expenses have increased by 7.7% per year over the past 6 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
2021
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 |
|---|---|---|---|
Nicklaus Slocum MD Cardiologist | 40 | $689,614 | |
Todd Adams DO Cardiologist | 40 | $687,414 | |
James Fox MD Cardiologist | 40 | $684,428 | |
Roberto A Corpus MD Cardiologist | 40 | $683,892 | |
Mark Elliott MD Cardiologist | 40 | $682,907 | |
Mark A Hepler Treasurer/cf | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mdabstract Project Mgmt | 6/29/20 | $456,376 |
Kelly Services Inc Staffing | 6/29/20 | $142,709 |
Mdabstract Project Mgmt | 6/29/20 | $456,376 |
Kelly Services Inc Staffing | 6/29/20 | $142,709 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $35,148 |
| Government grants | $0 |
| 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 | $35,148 |
| Total Program Service Revenue | $18,641,112 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $18,561,332 |
| 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 | $29,183,066 |
| Pension plan accruals and contributions | $874,399 |
| Other employee benefits | $2,286,271 |
| Payroll taxes | $1,129,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $608 |
| Fees for services: Lobbying | $1,910 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,443,339 |
| Advertising and promotion | $0 |
| Office expenses | $103,213 |
| Information technology | $219,747 |
| Royalties | $0 |
| Occupancy | $80,854 |
| Travel | $163,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $241,632 |
| All other expenses | -$6,671,778 |
| Total functional expenses | $29,364,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,052,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,637,430 |
| 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 | $14,754 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,715,577 |
| Other assets | $0 |
| Total assets | $5,420,169 |
| Accounts payable and accrued expenses | $3,888,968 |
| 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 | $273,969 |
| Total liabilities | $4,162,937 |
| Net assets without donor restrictions | $1,257,232 |
| 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 | $5,420,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Munson Medical Group has recieved totaling $35,148.
| Awarding Organization | Amount |
|---|---|
Munson Healthcare Foundations Traverse City, MI PURPOSE: OPERATIONAL SUPPORT | $35,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Munson Medical Group Traverse City, MI | $5,420,169 | $18,561,332 |
American Bd Of Emergency Medicine East Lansing, MI | $44,767,678 | $20,372,727 |
Mary Free Bed Orthotics And Prosthetics Grand Rapids, MI | $19,898,229 | $18,562,852 |
Center For Eating Disorders & Psychotherapy Columbus, OH | $2,140,567 | $2,172,592 |
Indiana Dental Association Indianapolis, IN | $5,179,468 | $2,299,278 |
Compassion Health Toledo Toledo, OH | $799,071 | $928,207 |
Federation Of Clinical Immunology Societies Inc Menomonee Falls, WI | $2,311,977 | $1,428,545 |
Ohio Podiatric Medical Association Columbus, OH | $587,635 | $758,704 |
Ohio State Chiropractic Association Inc Columbus, OH | $426,692 | $751,666 |
World Allergy Organization Inc Milwaukee, WI | $1,767,548 | $667,016 |
Michigan Podiatric Medical Association Lansing, MI | $486,318 | $642,143 |
Ohio Osteopathic Association Columbus, OH | $1,265,183 | $712,677 |