Sparrow Health System
- Assets
- $1.0b
- Revenue
- $162.3m
- Investments
- $0.0
- Employees
- 858
- Location
- Lansing, MI
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 38-2542859
Organization Overview
Sparrow Health System is located in Lansing, MI. The organization was established in 1985. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Sparrow Health System employed 858 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrow Health System 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 12/2022, Sparrow Health System generated $162.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $160.7m during the year ending 12/2022. 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
IMPROVING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES BY PROVIDING QUALITY, COMPASSIONATE CARE TO EVERYONE, EVERY TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARROW HEALTH SYSTEM (SHS) IS A FULLY INTEGRATED HEALTHCARE SYSTEM HEADQUARTERED IN LANSING, MICH. SERVING A CORE EIGHT-COUNTY REGION IN MID-MICHIGAN. SHS INCLUDES SIX HOSPITALS ENCOMPASSING 845 LICENSED BEDS, 36 HOSPICE BEDS, MORE THAN 150 AMBULATORY/OUTPATIENT LOCATIONS, HUNDREDS OF EMPLOYED PHYSICIANS, A HEALTH PLAN, AND A POST-ACUTE CARE NETWORK CONSISTING OF OUTREACH LABORATORY, HOMECARE, HOSPICE, PHARMACY, AND DME SERVICES. SHS ALSO OWNS AND OPERATES THE MICHIGAN ATHLETIC CLUB, THE LARGEST HOSPITAL-OWNED FITNESS CLUB IN THE UNITED STATES. IN ADDITION, SHS WORKS WITH OVER 1,240 PHYSICIANS AND OTHER PROVIDERS THROUGH SPARROW CARE NETWORK, A CLINICALLY INTEGRATED NETWORK OF PHYSICIANS. SHS IS A MICHIGAN NON STOCK, NONPROFIT TAX-EXEMPT CORPORATION, AND IS THE PARENT CORPORATION OF THE FOLLOWING TAX-EXEMPT, 501(C)(3) ENTITIES: EDWARD W. SPARROW HOSPITAL ASSOCIATION (E. W. SPARROW HOSPITAL), SPARROW CARSON HOSPITAL, SPARROW CLINTON HOSPITAL, SPARROW EATON HOSPITAL, SPARROW IONIA HOSPITAL, SPARROW SPECIALTY HOSPITAL, SPARROW COMMUNITY CARE, AND SPARROW FOUNDATION. SPARROW FOUNDATION SERVES AS THE FUNDRAISING ARM OF SHS. EACH OF THESE ENTITIES FILE THEIR OWN 990 RETURN. LASTLY, SHS IS THE PARENT CORPORATION OF SPARROW DEVELOPMENT, INC. (SDI), A MICHIGAN STOCK, FOR-PROFIT CORPORATION. SDI INCLUDES, AS MENTIONED ABOVE, THE MICHIGAN ATHLETIC CLUB (MAC), AS WELL AS THE MAC RESTAURANT, AND ST. LAWRENCE OR MANAGEMENT COMPANY, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Dover Pres/ceo | OfficerTrustee | 40 | $1,141,524 |
Joe Ruth Exec Vp/coo | Officer | 40 | $736,602 |
Thomas Bres Srvp/cao/cio | Officer | 40 | $673,203 |
Paula Reichle Sr Vp/cfo/tr | Officer | 40 | $648,489 |
Karen Kent-Van Gorder MD VP Medical Q | Officer | 40 | $548,550 |
Douglas Edema MD VP Sparrow M | Officer | 40 | $548,605 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corporation It | 12/30/22 | $4,807,714 |
Merge West Inc Marketing | 12/30/22 | $4,310,451 |
Sentinel Technologies Inc It | 12/30/22 | $2,758,050 |
Microsoft Corp It | 12/30/22 | $2,785,153 |
Entelegent Solutions Inc It | 12/30/22 | $2,719,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $117,733 |
| Government grants | $0 |
| 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 | $117,733 |
| Total Program Service Revenue | $10,455,919 |
| Investment income | $268,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,041 |
| Net Gain/Loss on Asset Sales | $914,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,255,597 |
| 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. | $8,159,566 |
| Compensation of current officers, directors, key employees. | $8,159,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,941,659 |
| Pension plan accruals and contributions | $4,104,913 |
| Other employee benefits | $7,947,361 |
| Payroll taxes | $4,890,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,477,541 |
| Fees for services: Accounting | $351,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,202 |
| Fees for services: Other | $2,849,458 |
| Advertising and promotion | $6,605,312 |
| Office expenses | $281,496 |
| Information technology | $23,161,137 |
| Royalties | $0 |
| Occupancy | $4,639,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,442,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,052,872 |
| Insurance | $2,246,109 |
| All other expenses | $2,301 |
| Total functional expenses | $160,698,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,089,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,499,097 |
| 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 | $8,881,776 |
| Net Land, buildings, and equipment | $28,245,836 |
| Investments—publicly traded securities | $13,544,592 |
| Investments—other securities | $0 |
| Investments—program-related | $938,898,723 |
| Intangible assets | $0 |
| Other assets | $13,637,388 |
| Total assets | $1,041,796,926 |
| Accounts payable and accrued expenses | $39,055,759 |
| Grants payable | $0 |
| Deferred revenue | $300,000 |
| 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 | $2,873,050 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,595,628 |
| Total liabilities | $47,824,437 |
| Net assets without donor restrictions | $993,972,489 |
| 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 | $1,041,796,926 |