Michigan Health Corporation
- Assets
- $57.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 38-3261376
Organization Overview
Michigan Health Corporation is located in Ann Arbor, MI. The organization was established in 1997. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Health Corporation 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, Michigan Health Corporation generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
TO OPERATE AS A VEHICLE THROUGH WHICH THE UNIV. OF MI, A GOVERNMENTAL ENTITY, PARTICIPATES IN THE DEVELOPMENT OF HEALTH CARE RELATED ACTIVITIES TO MAINTAIN AND ENHANCE ITS EDUCATION, RESEARCH AND CLINICAL MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF HEALTH CARE RELATED ACTIVITIES TO MAINTAIN AND ENHANCE EDUCATION, RESEARCH AND CLINICAL MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marschall S Runge MD PHD Chair | OfficerTrustee | 2 | $0 |
David C Miller MD MPH Vice Chair | OfficerTrustee | 2 | $0 |
Amy K Dittmar PHD Secretary | OfficerTrustee | 2 | $0 |
Geoffrey S Chatas Treasurer | OfficerTrustee | 2 | $0 |
Brian Zink MD - Part Year Board Member | Trustee | 2 | $0 |
Debra F Weinstein MD - Part Year Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,005,486 |
| Investment income | $7,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,025,000 |
| 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 | $6,089,336 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,947 |
| Travel | $0 |
| 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 | $192,263 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,922,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,237,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $245,222 |
| 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 | $0 |
| Net Land, buildings, and equipment | $235,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $49,495,584 |
| Intangible assets | $0 |
| Other assets | $210,300 |
| Total assets | $57,424,910 |
| Accounts payable and accrued expenses | $962,216 |
| 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 | $210,000 |
| Total liabilities | $1,172,216 |
| Net assets without donor restrictions | $56,252,694 |
| 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 | $57,424,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan Health Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Gold In September Charitable Trust Hartland, WI PURPOSE: EARLY PHASE TRIALS - CHILDHOOD CANCER | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Professional Services Ltd Toledo, OH | $7,092,437 | $15,080,612 |
Third Street Community Clinic Inc Mansfield, OH | $11,972,993 | $20,324,464 |
Neighborhood Health Clinics Inc Fort Wayne, IN | $13,928,697 | $17,842,715 |
Parkview Occupational Health Centers Inc Fort Wayne, IN | $3,778,639 | $14,681,645 |
Unison Behavioral Health Group Inc Toledo, OH | $10,072,859 | $19,349,796 |
Outreach Community Health Centers Inc Milwaukee, WI | $20,545,690 | $21,470,630 |
Progressive Community Health Centers Inc Milwaukee, WI | $21,916,095 | $16,919,514 |
M E D F Physicians Corporation Coldwater, OH | $3,339,539 | $9,791,556 |
Lodi Community Hospital Independence, OH | $11,116,607 | $16,652,860 |
Lakeshore Community Health Care Inc Sheboygan, WI | $15,901,105 | $14,157,852 |
Covenant Community Care Inc Detroit, MI | $9,897,914 | $16,953,311 |
Promedica Childrens Specialists Toledo, OH | $712,892 | $6,454,065 |