Munson Healthcare Manistee Hospital
- Assets
- $88.2m
- Revenue
- $72.8m
- Investments
- $4.2m
- Employees
- 363
- Location
- Manistee, MI
- Founding
- 03/2017
- Data as of
- 06/2021
- EIN
- 38-0350304
Organization Overview
Munson Healthcare Manistee Hospital is located in Manistee, MI. The organization was established in 2017. As of 06/2021, Munson Healthcare Manistee Hospital employed 363 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Healthcare Manistee Hospital 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 Healthcare Manistee Hospital generated $72.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $67.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 4 years. 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
MUNSON HEALTHCARE MANISTEE HOSPITAL AND ITS PARTNERS WILL WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF MANISTEE, MICHIGAN AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY. MUNSON HEALTHCARE MANISTEE HOSPITAL HAD 929 INPATIENT ADMISSIONS IN FISCAL YEAR 2021 AND OVER 65,400 OUTPATIENT VISITS. THE HOSPITAL SERVED MORE THAN 3,400 SURGICAL CASES AND OVER 11,400 EMERGENCY ROOM VISITS. MUNSON HEALTHCARE MANISTEE HOSPITAL ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. INCLUDED IN PROGRAM SERVICE EXPENSES ARE 542,000 OF EXPENSES RELATED TO THE COMPREHENSIVE CARE OF COVID-19 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barry MD Director | Trustee | 40 | $750,433 |
William Bell DO Surgeon | 40 | $484,363 | |
Vinson Ulep DO Surgeon | 40 | $393,772 | |
William Weiner MD Director | Trustee | 34 | $293,130 |
Stephanie Fitzgerald DO Surgeon | 40 | $268,501 | |
Jennifer Reinink MD Physician | 40 | $266,055 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Traverse Anesthesia Assoc Medical | 6/29/21 | $996,667 |
Morrison Healthcare Food Service | 6/29/21 | $1,863,121 |
Ecs Lakeshore Pc Medical | 6/29/21 | $1,872,924 |
Sound Physicians Medical | 6/29/21 | $1,844,150 |
Accesspoint Staffing | 6/29/21 | $1,453,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $195,342 |
| Government grants | $3,654,518 |
| 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 | $3,849,860 |
| Total Program Service Revenue | $66,503,035 |
| Investment income | $407,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $182,947 |
| Net Gain/Loss on Asset Sales | $1,612,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,814,775 |
| 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. | $1,480,165 |
| Compensation of current officers, directors, key employees. | $204,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,631,024 |
| Pension plan accruals and contributions | $759,338 |
| Other employee benefits | $2,595,079 |
| Payroll taxes | $943,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,759 |
| Fees for services: Accounting | $8,243 |
| Fees for services: Lobbying | $4,094 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,568 |
| Fees for services: Other | $17,958,635 |
| Advertising and promotion | $280 |
| Office expenses | $596,689 |
| Information technology | $1,443,650 |
| Royalties | $0 |
| Occupancy | $1,378,593 |
| Travel | $20,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,430 |
| Interest | $852,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,613,497 |
| Insurance | $359,949 |
| All other expenses | $335,914 |
| Total functional expenses | $67,362,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,006,081 |
| Savings and temporary cash investments | $615,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,551,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,130 |
| Inventories for sale or use | $641,552 |
| Prepaid expenses and deferred charges | $376,224 |
| Net Land, buildings, and equipment | $30,632,042 |
| Investments—publicly traded securities | $23,823,460 |
| Investments—other securities | $4,228,942 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,318,239 |
| Total assets | $88,209,334 |
| Accounts payable and accrued expenses | $4,395,633 |
| Grants payable | $200,000 |
| Deferred revenue | $274,482 |
| Tax-exempt bond liabilities | $19,818,608 |
| 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 | $4,351,246 |
| Total liabilities | $29,039,969 |
| Net assets without donor restrictions | $56,490,423 |
| Net assets with donor restrictions | $2,678,942 |
| 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 | $88,209,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Munson Healthcare Manistee Hospital has recieved totaling $11,679.
| Awarding Organization | Amount |
|---|---|
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENTS 1 AND 2. | $11,679 |
Endowment Analysis
| Beg. Balance | $18,355,295 |
| Earnings | $1,077,659 |
| Admin Expense | $85,743 |
| Ending Balance | $19,347,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Dental Association Chicago, IL | $257,052,700 | $138,597,450 |
Seiu Local 1 & Participating Employers Health Trust Chicago, IL | $156,543,336 | $132,715,763 |
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
American College Of Surgeons Chicago, IL | $595,958,812 | $134,561,979 |
Ascension Medical Group Promed St Louis, MO | $11,680,037 | $91,054,014 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Aspirus Medical Group Inc Wausau, WI | $76,960,726 | $101,291,684 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Mid-Ohio Foodbank Grove City, OH | $66,739,553 | $150,715,504 |
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
St Vincents Health System Inc St Louis, MO | $135,464,874 | $115,601,105 |
Michigan Public Health Institute Okemos, MI | $32,297,029 | $129,374,853 |