Grace Health Inc
- Assets
- $47.6m
- Revenue
- $50.3m
- Investments
- $0.0
- Employees
- 492
- Location
- Battle Creek, MI
- Founding
- 11/1986
- Data as of
- 12/2023
- 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 12/2023, Grace Health Inc employed 492 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 12/2023, Grace Health Inc generated $50.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $47.5m during the year ending 12/2023. While expenses have increased by 7.2% 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
2023
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
GRACE HEALTH IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) COMMITTED TO TREATING EACH PATIENT'S HEALTH CARE NEEDS. GRACE HEALTH PROVIDES PATIENT CARE IN A TEAM-BASE SETTING OR "NEIGHBORHOOD" WHICH INCLUDES A VARIETY OF SERVICES SUCH AS; PRIMARY CARE PROVIDER AND 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 |
|---|---|---|---|
Dean Newsome Board Chair | OfficerTrustee | 5 | $0 |
Timothy Kool Vice Chair | OfficerTrustee | 5 | $0 |
Ann Gallagher Treasurer | OfficerTrustee | 5 | $0 |
James Reed Secretary | OfficerTrustee | 5 | $0 |
Yanira Flores Director | Trustee | 5 | $0 |
Bridgette Jones Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen - Rcm Revenue Cycle/billing | 12/30/23 | $636,603 |
Wickert Dental Laboratory Lab | 12/30/23 | $214,863 |
Wmu School Of Medicine Physicians | 12/30/23 | $556,265 |
Chronic Care Staffing Llc Care Management | 12/30/23 | $201,448 |
Muscle & Spine Rehabilitation Center Physcial Therapy | 12/30/23 | $192,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,898,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,235,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,133,532 |
| Total Program Service Revenue | $40,883,981 |
| Investment income | $83,218 |
| 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 | $50,315,402 |
| 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. | $951,098 |
| Compensation of current officers, directors, key employees. | $951,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,169,047 |
| Pension plan accruals and contributions | $633,235 |
| Other employee benefits | $2,979,807 |
| Payroll taxes | $1,682,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,182 |
| Fees for services: Accounting | $77,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,843,616 |
| Advertising and promotion | $281,338 |
| Office expenses | $410,548 |
| Information technology | $1,490,685 |
| Royalties | $0 |
| Occupancy | $449,237 |
| Travel | $349,829 |
| 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 | $1,022,629 |
| Insurance | $100,147 |
| All other expenses | $0 |
| Total functional expenses | $47,481,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,955,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $4,451,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $984,660 |
| Prepaid expenses and deferred charges | $363,081 |
| Net Land, buildings, and equipment | $17,481,791 |
| Investments—publicly traded securities | $9,054,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,116 |
| Total assets | $47,609,745 |
| Accounts payable and accrued expenses | $3,593,724 |
| 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 | $826,635 |
| Total liabilities | $4,420,359 |
| Net assets without donor restrictions | $42,994,259 |
| Net assets with donor restrictions | $195,127 |
| 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 | $47,609,745 |