Grace Health Inc
- Assets
- $42.0m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 460
- Location
- Battle Creek, MI
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 38-2679075
Organization Overview
Grace Health Inc is located in Battle Creek, MI. The organization was established in 1986. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Grace Health Inc employed 460 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Health 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 12/2022, Grace Health Inc generated $40.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $36.9m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
TO PROVIDE PATIENT-CENTERED HEALTHCARE WITH EXCELLENCE IN QUALITY, SERVICE AND ACCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY HEALTH CARE IN FAMILY PRACTICE MEDICINE, PEDIATRICS, INTERNAL MEDICINE, OBSTETRICS/GYNECOLOGY, BEHAVIORAL HEALTH, OPTOMETRY, PHYSICAL THERAPY, PODIATRY, DENTAL AND PHARMACY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jefffrey Custer Physician | 32 | $354,373 | |
Peter Chang President/ceo | Officer | 40 | $339,527 |
Bendan Collins Physician | 32 | $282,202 | |
Nicole Salerno-Fetterhoff Physician | 40 | $245,025 | |
Barbara Buehler Physician | 40 | $217,104 | |
Sonja Elder Vice President/cio | Officer | 40 | $202,778 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen - Rcm Revenue Cycle/billing | 12/30/22 | $603,885 |
Wickert Dental Laboratory Lab | 12/30/22 | $176,386 |
Wmu School Of Medicine Physicians | 12/30/22 | $477,360 |
Chronic Care Staffing Llc Care Management | 12/30/22 | $164,779 |
Muscle & Spine Rehabilitation Center Physcial Therapy | 12/30/22 | $143,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $150,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,860,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,466,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,477,050 |
| Total Program Service Revenue | $28,639,913 |
| Investment income | $245,398 |
| 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 | $40,496,787 |
| 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. | $897,526 |
| Compensation of current officers, directors, key employees. | $897,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,069,523 |
| Pension plan accruals and contributions | $544,847 |
| Other employee benefits | $3,152,773 |
| Payroll taxes | $1,508,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,030 |
| Fees for services: Accounting | $76,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,398,410 |
| Advertising and promotion | $173,415 |
| Office expenses | $420,202 |
| Information technology | $1,219,021 |
| Royalties | $0 |
| Occupancy | $438,568 |
| Travel | $300,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883,212 |
| Insurance | $89,754 |
| All other expenses | $0 |
| Total functional expenses | $36,882,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,015,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $3,719,898 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $808,283 |
| Prepaid expenses and deferred charges | $309,633 |
| Net Land, buildings, and equipment | $16,906,745 |
| Investments—publicly traded securities | $9,982,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,340 |
| Total assets | $41,960,686 |
| Accounts payable and accrued expenses | $2,902,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $232,181 |
| Total liabilities | $3,134,872 |
| Net assets without donor restrictions | $38,700,695 |
| Net assets with donor restrictions | $125,119 |
| 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 | $41,960,686 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Grace Health Inc has recieved totaling $159,830.
| Awarding Organization | Amount |
|---|---|
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: COORDINATED APPROACH TO CARE FOR WOMEN OF CHILDBEARING AGE, PREGNANT WOMEN AND INFANTS | $150,000 |
Southwest Michigan Rehab Foundation Ada, MI PURPOSE: DENTAL PROGRAMS AND PRESCRIPTIONS | $7,000 |
Felpausch Foundation Battle Creek, MI PURPOSE: ANNUAL SUPPORT | $2,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $330 |
The Miller Foundation Battle Creek, MI PURPOSE: MATCHING GRANT | $100 |
Endowment Analysis
| Beg. Balance | $134,601 |
| Earnings | -$26,088 |
| Admin Expense | $468 |
| Net Contributions | $16,615 |
| Ending Balance | $124,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspirus Medical Group Inc Wausau, WI | $76,960,726 | $101,291,684 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Mclaren Health Management Group Davison, MI | $97,591,258 | $95,427,508 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Cherry Street Services Inc Grand Rapids, MI | $88,865,093 | $84,792,038 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |
Hillsdale Community Health Center Hillsdale, MI | $70,560,868 | $75,764,555 |
Goshen Health System Inc Goshen, IN | $13,380,075 | $68,845,777 |
Great Lakes Bay Health Centers Saginaw, MI | $43,109,994 | $68,616,758 |
Hopewell Health Centers Inc Chillicothe, OH | $48,966,923 | $74,549,175 |
Eskenazi Medical Group Inc Indianapolis, IN | $61,631,197 | $58,733,818 |
Healthlinc Inc Valparaiso, IN | $35,614,969 | $61,318,502 |