Mclaren Lapeer Region
- Assets
- $178.7m
- Revenue
- $151.5m
- Investments
- $0.0
- Employees
- 1,065
- Location
- Lapeer, MI
- Founding
- 12/1986
- Data as of
- 09/2021
- EIN
- 38-2689033
Organization Overview
Mclaren Lapeer Region is located in Lapeer, MI. The organization was established in 1986. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Mclaren Lapeer Region employed 1,065 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Lapeer Region 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 09/2021, Mclaren Lapeer Region generated $151.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $138.3m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE SERVICES TO THE COMMUNITY AND PROVIDE VARIOUS HEALTH PROMOTION EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF MEDICAL SERVICES FOR THE INPATIENT AND OUTPATIENT CARE OF PERSONS SUFFERING FROM ILLNESS, INJURY AND DISABILITY; FOR THE PREVENTION OF ILLNESS, INJURY AND DISABILITY AND FOR THE MAINTENANCE OF HEALTH. SELECTED ACTIVITY STATISTICS ARE PRESENTED: 28,048 PATIENT DAYS, 26,879 EMERGENCY ROOM VISITS, 5,388 DISCHARGES, 162,799 OUTPATIENT VISITS, AND 205 BIRTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Jostock Medical Director | 45 | $386,880 | |
Gary Salem Former Cmo | 0 | $351,945 | |
Ahmed Hamoda Physician-Hospitalist | 45 | $313,572 | |
Keneth Son Physician-Hospitalist | 45 | $304,887 | |
Myroslav Harhula Physician-Hospitalist | 45 | $264,178 | |
Sheri Testani VP Patient Care Srvc's Cno | Officer | 45 | $255,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Lakes Physician Resources Pllc Physician Services | 9/29/21 | $2,225,484 |
Morrison Mgmt Specialists Inc Staffing Services | 9/29/21 | $1,777,696 |
Advanced Psychiatric Services Pllc Physician Services | 9/29/21 | $477,280 |
Teachout Security Solutions Inc Security Employee Srv.'s | 9/29/21 | $319,436 |
Ryan Barrett Do Pc Physician Services | 9/29/21 | $294,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,625,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,714,311 |
| Total Program Service Revenue | $146,989,262 |
| Investment income | $1,205,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,610 |
| Net Gain/Loss on Asset Sales | -$1,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,502,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,582 |
| 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. | $728,839 |
| Compensation of current officers, directors, key employees. | $728,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,267,180 |
| Pension plan accruals and contributions | $1,797,509 |
| Other employee benefits | $6,263,071 |
| Payroll taxes | $3,253,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,702 |
| Fees for services: Accounting | $37,470 |
| Fees for services: Lobbying | $3,490 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,123 |
| Fees for services: Other | $30,931,039 |
| Advertising and promotion | $309,591 |
| Office expenses | $21,485,642 |
| Information technology | $301,395 |
| Royalties | $0 |
| Occupancy | $2,749,038 |
| Travel | $11,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,629 |
| Interest | $1,349,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,093,152 |
| Insurance | $981,063 |
| All other expenses | $4,546,328 |
| Total functional expenses | $138,334,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,523 |
| Savings and temporary cash investments | $74,884,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,474,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,754,769 |
| Prepaid expenses and deferred charges | $439,471 |
| Net Land, buildings, and equipment | $44,563,179 |
| Investments—publicly traded securities | $41,822,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,782,409 |
| Total assets | $178,724,124 |
| Accounts payable and accrued expenses | $10,485,848 |
| Grants payable | $0 |
| Deferred revenue | $10,194,445 |
| Tax-exempt bond liabilities | $48,685,285 |
| 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 | $13,107,374 |
| Total liabilities | $82,472,952 |
| Net assets without donor restrictions | $96,248,337 |
| Net assets with donor restrictions | $2,835 |
| 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 | $178,724,124 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mclaren Lapeer Region has recieved totaling $126,294.
| Awarding Organization | Amount |
|---|---|
Detroit & Wayne County Tuberculosis Foundation St Clair Shores, MI PURPOSE: RESPIRATORY EQUIP | $126,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Indiana University Health Bloomingon Inc Indianapolis, IN | $990,966,337 | $700,343,585 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Bethesda Hospital Inc Cincinnati, OH | $1,219,368,332 | $686,286,971 |
Mercy Health System Corporation Janesville, WI | $590,598,309 | $634,611,105 |
The Good Samaritan Hospital Of Cincinnati Ohio Dtd 01251995 Cincinnati, OH | $942,007,823 | $651,965,819 |
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis Green Bay, WI | $911,771,001 | $646,081,418 |
Munster Medical Research Foundation Inc Munster, IN | $297,008,950 | $660,640,751 |
Aspirus Wausau Hospital Inc Wausau, WI | $652,843,423 | $674,491,769 |