Munson Healthcare Cadillac Hospital Foundation
- Assets
- $0.0
- Revenue
- $488.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- Data as of
- 06/2018
- EIN
- 47-2857600
Organization Overview
Munson Healthcare Cadillac Hospital Foundation is located in Traverse City, MI. Munson Healthcare Cadillac Hospital Foundation 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 06/2018, Munson Healthcare Cadillac Hospital Foundation generated $488.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $728.3k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 3 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE AND ADMINISTER FUNDS FOR THE BENEFIT OF MUNSON HEALTHCARE CADILLAC AND THE HEALTH CARE NEEDS OF THE PEOPLE OF CADILLAC, MICHIGAN AND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS SUPPORT MUNSON HEALTHCARE CADILLAC HOSPITAL. MAJOR INITIATIVES FUNDED INCLUDE THE UPGRADE OF RADIOLOGIST WORKSTATIONS, MONITORS AND SOFTWARE, THE PURCHASE OF A MANOSCAN MANOMETRY SYSTEM, AND A 3D MAMMOGRAPHY UPGRADE. THE GRANTS ALSO FUNDED MEDICAL EQUIPMENT PURCHASES, FURNITURE REPLACEMENT, UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA, BREAST CARE ASSISTANCE, AND NURSING AND STAFF TRAINING.
A GRANT WAS PROVIDED TO MUNSON MEDICAL CENTER TO FUND NETWORKING EVENTS FOR PHYSICIANS AND MEDICAL STUDENTS IN THE CADILLAC AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Worthington President | OfficerTrustee | 6 | $0 |
Pam Anderson Secretary | OfficerTrustee | 2 | $0 |
Patrick Carroll Treasurer | OfficerTrustee | 2 | $0 |
Greg Glasby Chair | OfficerTrustee | 2 | $0 |
John Macleod Vice Chair | OfficerTrustee | 2 | $0 |
Mark A Hepler CFO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,941 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,206 |
| Total Program Service Revenue | $106,605 |
| Investment income | $25,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,156 |
| Net Income from Fundraising Events | $7,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $618,736 |
| 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 | $5,517 |
| Fees for services: Other | $104,093 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $728,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Munson Healthcare Cadillac Hospital Foundation has awarded $615,266 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Traverse City, MI PURPOSE: CAPITAL SUPPORT | $497,718 |
Traverse City, MI PURPOSE: OPERATIONAL SUPPORT | $117,548 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Munson Healthcare Cadillac Hospital Foundation has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Cadillac Area Community Foundation Cadillac, MI PURPOSE: OPERATIONS | $8,000 |
Endowment Analysis
| Beg. Balance | $1,195,076 |
| Earnings | $78,479 |
| Admin Expense | $5,517 |
| Net Contributions | -$631,974 |
| Other Expense | $17,328 |
| Grants | $618,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |