Mymichigan Medical Center Midland
- Assets
- $835.1m
- Revenue
- $519.3m
- Investments
- $335.6m
- Employees
- 3,176
- Location
- Midland, MI
- Founding
- 08/1946
- Data as of
- 06/2020
- EIN
- 38-0833014
Organization Overview
Mymichigan Medical Center Midland is located in Midland, MI. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Mymichigan Medical Center Midland employed 3,176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mymichigan Medical Center Midland 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 06/2020, Mymichigan Medical Center Midland generated $519.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $477.9m during the year ending 06/2020. While expenses have increased by 4.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CREATING HEALTHY COMMUNITIES TOGETHER BY PROVIDING EXCELLENT HEALTH SERVICES TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MYMICHIGAN MEDICAL CENTER MIDLAND PROVIDES COMPASSIONATE PATIENT CARE SERVICES OF SUPERIOR QUALITY TO MIDLAND AND ITS SURROUNDING COUNTIES. 12,684 INPATIENT ADMISSIONS AND 331,960 OUTPATIENT VISITS WERE PROVIDED IN FISCAL YEAR 2021. CARE IS PROVIDED WITHOUT RESPECT TO A PATIENT'S ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fireman MD Mark Physician | 50 | $665,415 | |
Hills Courtney Crna | 50 | $407,165 | |
Shively Laurie Crna | 50 | $388,832 | |
Erickson Michael VP | 50 | $379,381 | |
Hanover Jeffery Crna | 50 | $315,286 | |
Terrell Tammy VP Of Nursing & Cno | Officer | 50 | $282,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,739,811 |
| Investment income | $6,855,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,800 |
| Net Gain/Loss on Asset Sales | -$10,532,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $519,314,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $210,262 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $632,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,863,641 |
| Pension plan accruals and contributions | $5,820,445 |
| Other employee benefits | $14,265,759 |
| Payroll taxes | $9,611,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $905,296 |
| Fees for services: Other | $27,085,441 |
| Advertising and promotion | $122,044 |
| Office expenses | $7,845,633 |
| Information technology | $458,986 |
| Royalties | $0 |
| Occupancy | $5,299,112 |
| Travel | $540,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383,570 |
| Interest | $5,655,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,596,376 |
| Insurance | $3,072,598 |
| All other expenses | $0 |
| Total functional expenses | $477,901,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,545 |
| Savings and temporary cash investments | $71,850,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,098,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,479,561 |
| Prepaid expenses and deferred charges | $23,802,460 |
| Investments—publicly traded securities | $169,246,570 |
| Investments—other securities | $335,603,027 |
| Investments—program-related | $1,360,864 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $835,141,007 |
| Accounts payable and accrued expenses | $31,535,613 |
| Grants payable | $0 |
| Deferred revenue | $60,762,267 |
| Tax-exempt bond liabilities | $151,573,943 |
| 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 | $22,589,415 |
| Total liabilities | $266,461,238 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $568,679,769 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mymichigan Medical Center Midland has recieved totaling $62,080.
| Awarding Organization | Amount |
|---|---|
Pardee Cancer Treatment Fund Of Clare County Clare, MI PURPOSE: MEDICAL EXPENSE | $62,080 |
Endowment Analysis
| Beg. Balance | $13,808,922 |
| Grants | $13,808,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Indiana University Health Bloomingon Inc Indianapolis, IN | $990,966,337 | $700,343,585 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Bethesda Hospital Inc Cincinnati, OH | $1,219,368,332 | $686,286,971 |
Mercy Health System Corporation Janesville, WI | $590,598,309 | $634,611,105 |
The Good Samaritan Hospital Of Cincinnati Ohio Dtd 01251995 Cincinnati, OH | $942,007,823 | $651,965,819 |
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis Green Bay, WI | $911,771,001 | $646,081,418 |
Munster Medical Research Foundation Inc Munster, IN | $297,008,950 | $660,640,751 |
Aspirus Wausau Hospital Inc Wausau, WI | $652,843,423 | $674,491,769 |