Michigan Society Of Hospital Risk Management
- Assets
- $203.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Orion, MI
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 38-2386741
Organization Overview
Michigan Society Of Hospital Risk Management is located in Lake Orion, MI. The organization was established in 1992. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Society Of Hospital Risk Management is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Michigan Society Of Hospital Risk Management generated $68.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $86.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED TRAINING AND EDUCATION TO OVER 250 ACTIVE MEMBERS THROUGH 3 EDUCATIONAL PROGRAMS. PROVIDED ACCESS TO A LIST SERVICE DISCUSSION FORUM AND NEWLETTERS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hakim President | 2 | $0 | |
Jennifer Thorn Pres-Elect | 2 | $0 | |
Rebecca Wolters Secretary | 2 | $0 | |
Rachel Grant Treasurer | 2 | $0 | |
Kathryn Schaefer Past-Pres | 2 | $0 | |
Karen Stein Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $240 |
| Membership dues | $66,465 |
| Investment income | $2,082 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,787 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,637 |
| Occupancy, rent, utilities, and maintenance | $278 |
| Printing, publications, postage, and shipping | $461 |
| Other expenses | $74,555 |
| Total expenses | $86,931 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $202,972 |
| Other assets | $0 |
| Total assets | $202,972 |
| Total liabilities | $0 |
| Net assets or fund balances | $202,972 |
Peer Organizations
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|---|---|---|
Highland Health Providers Corp Hillsboro, OH | $3,480,728 | $8,712,093 |
Grace Village Health Care Facility Inc Winona Lake, IN | $4,795,562 | $8,838,747 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Ohiohealth Corportation Circleville, OH | $1,329,088 | $4,264,609 |
My Community Health Center Canton, OH | $4,110,237 | $8,459,363 |
Traverse Health Clinic & Coalition Traverse City, MI | $5,367,344 | $6,895,196 |
Chelsea Health And Wellness Foundation Chelsea, MI | $40,566,321 | $5,782,052 |
Southern Ohio Medical Center Title Holding Company Portsmouth, OH | $45,408,785 | $4,222,894 |
Specialty Hospital Of Lorain Amherst, OH | $3,346,810 | $6,231,679 |
Quality Behavioral Health Inc Detroit, MI | $18,010,680 | $7,609,711 |
Rmh Of Akroninc Akron, OH | $10,933,927 | $2,601,394 |
Milner Community Health Care Inc Rossville, IN | $8,049,951 | $3,721,591 |