Munson Healthcare
- Assets
- $106.1m
- Revenue
- $109.5m
- Investments
- $36.3m
- Employees
- 1,350
- Location
- Traverse City, MI
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 38-2640544
Organization Overview
Munson Healthcare is located in Traverse City, MI. The organization was established in 1986. 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, Munson Healthcare employed 1,350 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Healthcare 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 generated $109.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $129.2m during the year ending 06/2022. While expenses have increased by 24.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUNSON HEALTHCARE AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
PARENT HOLDING COMPANY FOR CORPORATIONS PROVIDING HEALTH CARE AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin A Ness President & | OfficerTrustee | 40 | $1,193,233 |
Laura Glenn Pres Ambulat | 40 | $607,688 | |
Christine Nefcy MD Chief Medica | 40 | $574,904 | |
Tonya Smith Pres Mhc Com | 40 | $529,801 | |
Mark A Hepler CFO | $528,784 | ||
Christopher Podges Chief Info O | Officer | 40 | $462,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Amb Support | 6/29/22 | $11,207,904 |
Cordea Consulting Llc Consulting | 6/29/22 | $1,711,383 |
Siemens Medical Equipment Maint | 6/29/22 | $1,359,424 |
Optiv Security Inc Cyber Security | 6/29/22 | $1,262,297 |
Allscripts Software Maint | 6/29/22 | $1,238,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,264,835 |
| 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 | $1,264,835 |
| Total Program Service Revenue | $107,519,168 |
| Investment income | -$29,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $668,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,457,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,700 |
| 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. | $3,483,889 |
| Compensation of current officers, directors, key employees. | $1,512,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,742,018 |
| Pension plan accruals and contributions | $2,410,467 |
| Other employee benefits | $7,255,273 |
| Payroll taxes | $4,021,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $940,861 |
| Fees for services: Accounting | $487,650 |
| Fees for services: Lobbying | $125,118 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,293 |
| Fees for services: Other | $13,221,753 |
| Advertising and promotion | $1,468,183 |
| Office expenses | $3,276,319 |
| Information technology | $24,056,544 |
| Royalties | $0 |
| Occupancy | $783,921 |
| Travel | $246,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $386,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,471,400 |
| Insurance | -$51,992 |
| All other expenses | -$678,285 |
| Total functional expenses | $129,158,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,824,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,792,927 |
| 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 | $8,406,697 |
| Net Land, buildings, and equipment | $33,724,534 |
| Investments—publicly traded securities | $17,587,637 |
| Investments—other securities | $36,334,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,454,072 |
| Total assets | $106,124,577 |
| Accounts payable and accrued expenses | $58,026,429 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $118,905,099 |
| 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 | $7,564,079 |
| Total liabilities | $184,495,607 |
| Net assets without donor restrictions | -$78,371,030 |
| 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 | $106,124,577 |