Saginaw Cooperative Hospitals Inc
- Assets
- $19.5m
- Revenue
- $56.1m
- Investments
- $0.0
- Employees
- 486
- Location
- Saginaw, MI
- Founding
- 03/1970
- Data as of
- 06/2021
- EIN
- 38-1870664
Organization Overview
Saginaw Cooperative Hospitals Inc is located in Saginaw, MI. The organization was established in 1970. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Saginaw Cooperative Hospitals Inc employed 486 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw Cooperative Hospitals Inc 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 06/2021, Saginaw Cooperative Hospitals Inc generated $56.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $50.0m during the year ending 06/2021. While expenses have increased by 7.6% 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
THE PURPOSE OF THE CORPORATION IS TO INTEGRATE MEDICAL EDUCATION, RESEARCH, AND PROFESSIONAL SERVICES FOR THE TRAINING OF MEDICAL LEARNERS (RESIDENTS, STUDENTS, AND HEALTHCARE PERSONNEL).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION - TO PROVIDE MEDICAL LEARNERS AND RESIDENTS WITH A DIVERSE LEARNING EXPERIENCE IN THE MEDICAL FIELD AND PROVIDE FURTHER EDUCATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maher Ghanem Physician | 40 | $889,817 | |
Samuel Shaheen MD President & | Officer | 40 | $662,500 |
Wael Solh Physician | 40 | $639,618 | |
Elizabeth Paulus Physician | 40 | $549,546 | |
John Blebea Physician | 40 | $441,077 | |
Yong Yoon Physician | 40 | $424,731 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kcg Healthcare Recruiting Physican Recrui | 6/29/21 | $196,000 |
Delivery Doctors Physican Servic | 6/29/21 | $144,282 |
Clean Team Cleaning Servic | 6/29/21 | $137,611 |
Echo Locum Tenens Physican Serv | 6/29/21 | $197,000 |
Ali Rizvi Physican Serv | 6/29/21 | $173,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,467,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,673,468 |
| Total Program Service Revenue | $36,286,557 |
| Investment income | $57,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $56,065,941 |
| 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. | $662,500 |
| Compensation of current officers, directors, key employees. | $662,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,117,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,654,279 |
| Payroll taxes | $1,908,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,156 |
| Fees for services: Accounting | $36,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,762,339 |
| Advertising and promotion | $0 |
| Office expenses | $65,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,403,146 |
| Travel | $12,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,446 |
| Insurance | $1,085,652 |
| All other expenses | $1,242,988 |
| Total functional expenses | $50,003,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,762,648 |
| Savings and temporary cash investments | $2,937,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,127,081 |
| 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 | $908,234 |
| Net Land, buildings, and equipment | $1,318,748 |
| Investments—publicly traded securities | $6,454,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,540 |
| Total assets | $19,522,403 |
| Accounts payable and accrued expenses | $3,897,135 |
| Grants payable | $0 |
| Deferred revenue | $300,921 |
| 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 | $4,171,546 |
| Total liabilities | $8,369,602 |
| Net assets without donor restrictions | $11,152,801 |
| 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 | $19,522,403 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saginaw Cooperative Hospitals Inc has recieved totaling $57,794.
| Awarding Organization | Amount |
|---|---|
C K Eddy Family Memorial Fund Tr 17 Uw Columbus, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Saginaw Community Foundation Saginaw, MI PURPOSE: PROGRAM | $7,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Public Health Institute Okemos, MI | $32,297,029 | $129,374,853 |
Lakeland Hospitals At Niles & St Joseph Inc Saint Joseph, MI | $930,527,591 | $126,281,999 |
Munson Healthcare Traverse City, MI | $122,228,046 | $96,733,735 |
Mymichigan Health Midland, MI | $954,174,034 | $69,907,530 |
Promedica Coldwater Regional Hospital Toledo, OH | $47,581,485 | $78,207,651 |
Avita Health System Galion, OH | $0 | $68,948,905 |
Aultman Health Foundation Canton, OH | $594,269,420 | $64,460,387 |
Promedica Continuum Services Toledo, OH | $73,307,655 | $62,284,500 |
Sparrow Ionia Hospital Ionia, MI | $57,565,680 | $66,036,782 |
Pennock Hospital Grand Rapids, MI | $99,664,710 | $55,375,814 |
Mackinac Straits Health System Inc St Ignace, MI | $52,539,258 | $58,908,352 |
Saginaw Cooperative Hospitals Inc Saginaw, MI | $19,522,403 | $56,065,941 |