Munson Healthcare Manistee Hospital
- Assets
- $79.2m
- Revenue
- $72.3m
- Investments
- $4.0m
- Employees
- 358
- Location
- Manistee, MI
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 38-0350304
Organization Overview
Munson Healthcare Manistee Hospital is located in Manistee, MI. The organization was established in 2017. As of 06/2022, Munson Healthcare Manistee Hospital employed 358 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 06/2022, Munson Healthcare Manistee Hospital generated $72.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $70.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 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
2022
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 919 INPATIENT ADMISSIONS IN FISCAL YEAR 2022 AND OVER 66,900 OUTPATIENT VISITS. THE HOSPITAL SERVED MORE THAN 3,500 SURGICAL CASES AND OVER 12,800 EMERGENCY ROOM VISITS. MUNSON HEALTHCARE MANISTEE HOSPITAL ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAS APPROXIMATELY 51 ACTIVE MEDICAL STAFF AND 22 VOLUNTEERS. INCLUDED IN PROGRAM SERVICE EXPENSES ARE 419,000 OF COVID-19 EXPENSES FOR PATIENT CARE AND OTHER RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Ness Director | Trustee | 1 | $0 |
Robert Barry MD Director | Trustee | 40 | $731,488 |
Laura Glenn President Am | Officer | 2 | $0 |
Tonya Smith Director | Trustee | 1 | $0 |
Lynne Mccormick DO Physician | 40 | $18,303 | |
Mark A Hepler Former CFO | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Physicians Medical | 6/29/22 | $1,685,148 |
Morrison Healthcare Food Service | 6/29/22 | $1,635,543 |
Ecs Lakeshore Pc Medical | 6/29/22 | $1,558,589 |
Traverse Anesthesia Assoc Medical | 6/29/22 | $1,027,867 |
Mayo Clinic Laboratories Laboratory | 6/29/22 | $381,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $67,787 |
| Government grants | $3,247,911 |
| 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 | $3,315,698 |
| Total Program Service Revenue | $67,360,923 |
| Investment income | $393,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $204,572 |
| Net Gain/Loss on Asset Sales | $811,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,295,046 |
| 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. | $1,277,821 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,657,858 |
| Pension plan accruals and contributions | $1,068,357 |
| Other employee benefits | $2,867,347 |
| Payroll taxes | $1,400,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,425 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4,285 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,901 |
| Fees for services: Other | $19,533,863 |
| Advertising and promotion | $10,015 |
| Office expenses | $525,942 |
| Information technology | $1,259,241 |
| Royalties | $0 |
| Occupancy | $1,481,757 |
| Travel | $37,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,174 |
| Interest | $794,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,417,669 |
| Insurance | $322,374 |
| All other expenses | $401,411 |
| Total functional expenses | $70,593,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,197,641 |
| Savings and temporary cash investments | $532,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,830,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,588 |
| Inventories for sale or use | $638,178 |
| Prepaid expenses and deferred charges | $316,018 |
| Net Land, buildings, and equipment | $29,653,801 |
| Investments—publicly traded securities | $20,531,712 |
| Investments—other securities | $4,044,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,412,860 |
| Total assets | $79,178,166 |
| Accounts payable and accrued expenses | $4,769,139 |
| Grants payable | $0 |
| Deferred revenue | $249,901 |
| Tax-exempt bond liabilities | $19,470,939 |
| 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 | $3,889,890 |
| Total liabilities | $28,379,869 |
| Net assets without donor restrictions | $48,304,269 |
| Net assets with donor restrictions | $2,494,028 |
| 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 | $79,178,166 |