Metropolitan Hospital
- Assets
- $382.9m
- Revenue
- $506.0m
- Investments
- $0.0
- Employees
- 3,499
- Location
- Wyoming, MI
- Founding
- 05/1944
- Data as of
- 06/2020
- EIN
- 38-0593405
Organization Overview
Metropolitan Hospital, operating under the name Metro Health Hospital, is located in Wyoming, MI. The organization was established in 1944. 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 06/2022, Metro Health Hospital employed 3,499 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Health Hospital 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 06/2020, Metro Health Hospital generated $506.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $496.4m during the year ending 06/2020. While expenses have increased by 5.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
METRO HEALTH'S MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITIES. TO THAT END THE ORGANIZATION BELIEVES THE FOUNDATION OF GOOD HEALTH IS BASED ON EXCELLENT QUALITY PRIMARY CARE. THE ORGANIZATION IS ANCHORED BY A 208-BED, GENERAL ACUTE CARE COMMUNITY HOSPITAL. ADDITIONALLY, IT OPERATES 13 NEIGHBORHOOD OUTPATIENT CENTERS, STUDENT HEALTH FACILITIES AT GRAND VALLEY STATE UNIVERSITY AND A COMMUNITY CLINIC FOR THE UNDERSERVED. THE NEIGHBORHOOD OUTPATIENT CENTERS RING THE ORGANIZATION'S SERVICE AREA, ALLOWING PATIENTS ACCESS TO QUALITY HEALTHCARE CLOSE TO HOME; SERVICES AT THEM INCLUDE PRIMARY CARE, LAB SERVICES, MAMMOGRAPHY, X-RAY AND PHYSICAL THERAPY. IN ADDITION TO PRIMARY CARE SERVICES, THE ORGANIZATION PROVIDES SPECIALTY CARE AT ITS HEART AND VASCULAR PRACTICE, CANCER CENTER, AMBULATORY SURGERY CENTER, OPHTHALMOLOGY OFFICE, SLEEP LAB AND OTHER SITES. THE ORGANIZATION ALSO FOCUSES ON IMPROVING THE HEALTH OF THE COMMUNITY BEFORE PEOPLE NEED HEALTHCARE. IT DOES THIS THROUGH
Describe the Organization's Program Activity:
METRO HEALTH HOSPITAL IS A 208-BED TEACHING HOSPITAL THAT PROVIDES A COMPREHENSIVE SUITE OF INPATIENT AND OUTPATIENT HEALTHCARE SERVICES, INCLUDING FAST EMERGENCY SERVICES, CANCER AND CARDIAC CARE, ROBOTIC AND TRADITIONAL SURGERY, FAMILY PRACTICE, INTERNAL MEDICINE, SPORTS MEDICINE AND OTHERS. THE ORGANIZATION'S MISSION IS TO IMPROVE THE HEALTH AND WELL- BEING OF THE COMMUNITIES IT SERVES. TO THAT END, METRO PROVIDES EDUCATION AND SCREENING PROGRAMS FOR THE COMMUNITY, EDUCATION OPPORTUNITIES FOR FUTURE DOCTORS, NURSES AND OTHER HEALTH PROFESSIONS, FINANCIAL ASSISTANCE PROGRAMS, CARE FOR THE UNDERSERVED, AND MUCH MORE. DURING FISCAL YEAR 2021, METRO HEALTH WELCOMED 1,640 BABIES INTO OUR COMMUNITY, CARED FOR 51,806 EMERGENCY ROOM VISITS, PERFORMED 1,5553,997 LABORATORY TESTS AND 190,451 DIAGNOSTIC RADIOLOGY PROCEDURES AND COUNTED 39,909 PATIENT DAYS. THE METRO HEALTH COMMUNITY CLINIC, WHICH PROVIDES MEDICAL CARE TO THE UNDERSERVED, PROVIDED CARE FOR 16,817 PATIENT VISITS. METRO HEALTH'S MEDICAL EDUCATION PROGRAM INCLUDED 120 MEDICAL STUDENTS, RESIDENTS AND FELLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Augusto Elias Physician | $890,227 | ||
Matthew Sevensma Chief Of Sta | Officer | 40 | $885,371 |
Michael Faas CEO | $885,277 | ||
Barbara Karenko Physician | $784,257 | ||
Michael Sumners Physician | $755,103 | ||
Paul Kovack Board Member | OfficerTrustee | 40 | $738,009 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Great Lakes Neurosurgical Associate Medical Service | 6/29/21 | $8,995,707 |
Epic Systems Corp Medical Is | 6/29/21 | $3,263,769 |
Anesthesia Medical Consultants Medical Service | 6/29/21 | $2,214,924 |
Sodexo Ctm Inc Medical Equip. | 6/29/21 | $1,902,053 |
Virtual Radiologic Professionals Mi Medical Service | 6/29/21 | $1,383,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,778,059 |
| Investment income | $136,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,270,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,950,219 |
| Statement of Expenses | |
|---|---|
| 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. | $4,458,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,632,379 |
| Pension plan accruals and contributions | $1,320,252 |
| Other employee benefits | $13,394,203 |
| Payroll taxes | $24,193,201 |
| Fees for services: Management | $2,281,614 |
| Fees for services: Legal | $1,844,000 |
| Fees for services: Accounting | $162,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,382,005 |
| Advertising and promotion | $3,174,769 |
| Office expenses | $10,785,082 |
| Information technology | $15,096,712 |
| Royalties | $0 |
| Occupancy | $24,072,308 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,101,660 |
| Interest | $11,030,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,030,353 |
| Insurance | $2,856,936 |
| All other expenses | $0 |
| Total functional expenses | $496,447,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,296,487 |
| Savings and temporary cash investments | $52,273,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,248,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $884,347 |
| Inventories for sale or use | $8,625,458 |
| Prepaid expenses and deferred charges | $1,708,780 |
| Investments—publicly traded securities | $6,161,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,597,992 |
| Other assets | $14,296,177 |
| Total assets | $382,910,920 |
| Accounts payable and accrued expenses | $36,444,940 |
| Grants payable | $0 |
| Deferred revenue | $1,309,773 |
| 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 | $8,062,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $310,920,173 |
| Total liabilities | $356,737,615 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $26,173,305 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Hospital has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $11,000 |
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 |