Saginaw Cooperative Hospitals Inc
- Assets
- $18.2m
- Revenue
- $54.8m
- Investments
- $0.0
- Employees
- 520
- Location
- Saginaw, MI
- Founding
- 03/1970
- Data as of
- 06/2022
- EIN
- 38-1870664
Organization Overview
Saginaw Cooperative Hospitals Inc is located in Saginaw, MI. The organization was established in 1970. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Saginaw Cooperative Hospitals Inc employed 520 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw Cooperative Hospitals Inc 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, Saginaw Cooperative Hospitals Inc generated $54.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $57.0m during the year ending 06/2022. While expenses have increased by 8.5% 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
THE PURPOSE OF THE CORPORATION IS TO INTEGRATE MEDICAL EDUCATION, RESEARCH, AND PROFESSIONAL SERVICES FOR THE TRAINING OF MEDICAL LEARNERS (RESIDENTS, STUDENTS, AND HEALTHCARE PERSONNEL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION - TO PROVIDE MEDICAL LEARNERS AND RESIDENTS WITH A DIVERSE LEARNING EXPERIENCE IN THE MEDICAL FIELD AND PROVIDE FURTHER EDUCATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maher Ghanem Physician | 40 | $840,974 | |
Samuel Shaheen MD President & | Officer | 40 | $662,500 |
Wael Solh Physician | 40 | $570,708 | |
Chet Morrison Physician | 40 | $402,478 | |
Timothy Hackett Physician | 40 | $408,512 | |
Yong Yoon Physician | 40 | $409,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echo Locum Tenens Physican Serv | 6/29/21 | $197,000 |
Kcg Healthcare Recruiting Physican Recrui | 6/29/21 | $196,000 |
Clean Team Cleaning Servic | 6/29/21 | $137,611 |
Delivery Doctors Physican Servic | 6/29/21 | $144,282 |
Ali Rizvi Physican Serv | 6/29/21 | $173,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,601 |
| Total Program Service Revenue | $39,542,841 |
| 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 | $54,785,613 |
| 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. | $662,500 |
| Compensation of current officers, directors, key employees. | $662,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,572,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,440,119 |
| Payroll taxes | $2,322,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,486 |
| Fees for services: Accounting | $48,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,315,273 |
| Advertising and promotion | $0 |
| Office expenses | $93,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,542,408 |
| Travel | $16,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $583,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $400,804 |
| Insurance | $1,377,054 |
| All other expenses | $1,220,068 |
| Total functional expenses | $56,995,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,723,972 |
| Savings and temporary cash investments | $883,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,050,822 |
| 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 | $1,050,863 |
| Net Land, buildings, and equipment | $1,780,907 |
| Investments—publicly traded securities | $7,687,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,540 |
| Total assets | $18,190,737 |
| Accounts payable and accrued expenses | $5,662,635 |
| Grants payable | $0 |
| Deferred revenue | $30,847 |
| 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 | $4,208,130 |
| Total liabilities | $9,901,612 |
| Net assets without donor restrictions | $8,289,125 |
| 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 | $18,190,737 |