Mclaren Caro Region
- Assets
- $14.1m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 127
- Location
- Caro, MI
- Founding
- 10/1998
- Data as of
- 09/2023
- EIN
- 38-3426063
Organization Overview
Mclaren Caro Region is located in Caro, MI. The organization was established in 1998. 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 09/2023, Mclaren Caro Region employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Caro 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 09/2023, Mclaren Caro Region generated $24.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $19.5m during the year ending 09/2023. While expenses have increased by 5.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARO COMMUNITY HOSPITAL, A COMMUNITY-MINDED HEALTHCARE SYSTEM, IS DEDICATED TO PROVIDING COMPASSIONATE CARE AND SERVICES TO ENHANCE THE HEALTH OF ALL THE PATIENTS WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF NEEDED MEDICAL SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Koutouzos President & CEO | OfficerTrustee | 18 | $0 |
John Hunter Chairman | OfficerTrustee | 0.1 | $0 |
Raymond Bates Vice Chairman | OfficerTrustee | 0.1 | $0 |
Brant Wilson Secretary | OfficerTrustee | 0.1 | $0 |
Robert Wolak Treasurer | OfficerTrustee | 0.1 | $0 |
Lainey Ransford Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Physician Partners Er Physicians | 9/29/23 | $1,333,333 |
Mercury Therapy Mgmt Pt Services/staff | 9/29/23 | $664,050 |
Psychiatric Medical Care Psych Services/staff | 9/29/23 | $588,149 |
Westen Opportunities Property Management | 9/29/23 | $556,153 |
Tri-city Lung & Sleep Contracted Physician | 9/29/23 | $181,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,869,067 |
| Government grants | $1,907,072 |
| 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 | $3,776,139 |
| Total Program Service Revenue | $20,180,612 |
| Investment income | $199,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$293,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,960,460 |
| 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. | $152,013 |
| Compensation of current officers, directors, key employees. | $52,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,558,376 |
| Pension plan accruals and contributions | $200,531 |
| Other employee benefits | $1,056,274 |
| Payroll taxes | $416,073 |
| Fees for services: Management | $437,528 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,969 |
| Fees for services: Lobbying | $263 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,676,432 |
| Advertising and promotion | $36,961 |
| Office expenses | $55,403 |
| Information technology | $94,846 |
| Royalties | $0 |
| Occupancy | $433,596 |
| Travel | $8,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,580 |
| Interest | $49,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $817,079 |
| Insurance | $70,964 |
| All other expenses | $1,112,418 |
| Total functional expenses | $19,547,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,882,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,854,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,413 |
| Prepaid expenses and deferred charges | $113,885 |
| Net Land, buildings, and equipment | $4,567,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $556,781 |
| Total assets | $14,143,475 |
| Accounts payable and accrued expenses | $1,284,579 |
| 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 | $1,861,930 |
| Other liabilities | $872,236 |
| Total liabilities | $4,018,745 |
| Net assets without donor restrictions | $10,124,730 |
| 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 | $14,143,475 |