Mclaren Bay Region
- Assets
- $525.6m
- Revenue
- $372.2m
- Investments
- $5.7m
- Employees
- 2,392
- Location
- Bay City, MI
- Founding
- 07/1972
- Data as of
- 09/2021
- EIN
- 38-1976271
Organization Overview
Mclaren Bay Region is located in Bay City, MI. The organization was established in 1972. 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 09/2021, Mclaren Bay Region employed 2,392 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Bay 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 09/2021, Mclaren Bay Region generated $372.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $341.2m during the year ending 09/2021. While expenses have increased by 2.2% 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.
Since 2015, Mclaren Bay Region has awarded 36 individual grants totaling $343,218. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GENERAL ACUTE CARE PATIENT SERVICES TO THE COMMUNITY WE SERVE AND TO BE MICHIGAN'S BEST VALUE IN HEALTHCARE AS DEFINED BY QUALITY OUTCOMES AND COST.
Describe the Organization's Program Activity:
MCLAREN BAY REGION TREATED 13,720 IN-PATIENTS & 207,088 OUT-PATIENTS FOR THE 2020/2021 FISCAL YEAR AND PROVIDED DISEASE DETECTION, PREVENTION AND COMMUNITY EDUCATIONAL SERVICES. THESE SERVICES WERE PROVIDED WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR THE SERVICES. MCLAREN BAY REGION PROVIDED CHARITY CARE TO THOSE PATIENTS IN OUR COMMUNITY WHO DID NOT HAVE THE ABILITY TO PAY IN THE AMOUNT OF $3,912,225 FOR THE 2020/2021 FISCAL YEAR.CARDIOLOGY, BEING A SIGNIFICANT PRODUCT LINE, PERFORMED 277 OPEN HEART SURGERIES AND 4,732 CARDIAC CATHERIZATIONS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramesh B Cherukuri MD Cardiac Surgeon | 40 | $2,286,905 | |
Daniel T Lee MD Cardiologist | 40 | $1,271,955 | |
Adam D Nicholas MD Psychiatrist | 40 | $648,625 | |
Venkata Sai Etha MD Physical Med & Rehab Physi | 40 | $542,310 | |
Norman Chapin MD Chief Medical Officer | Officer | 40 | $433,424 |
Mandhir S Jamwal MD Family Practice Physician | 40 | $427,480 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bay City Medical Office Bldg Llc Property Management | 9/29/21 | $1,838,953 |
Mary Free Bed Rehabilitation Hospital Rehab Services | 9/29/21 | $246,705 |
Ums Tri City Urs Lithotripsy Llc Urology Services | 9/29/21 | $1,045,783 |
Chct Michigan Llc Property Management | 9/29/21 | $588,455 |
Dlr Development Property Management | 9/29/21 | $863,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $625,319 |
| Government grants | $10,579,853 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,343,237 |
| Total Program Service Revenue | $340,143,117 |
| Investment income | $19,035,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $916,961 |
| Net Gain/Loss on Asset Sales | $23,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $372,186,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,428 |
| 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. | $1,935,877 |
| Compensation of current officers, directors, key employees. | $1,935,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,862,529 |
| Pension plan accruals and contributions | $4,607,252 |
| Other employee benefits | $15,253,004 |
| Payroll taxes | $8,212,528 |
| Fees for services: Management | $3,553,740 |
| Fees for services: Legal | $60,432 |
| Fees for services: Accounting | $65,265 |
| Fees for services: Lobbying | $8,901 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,678,733 |
| Advertising and promotion | $482,318 |
| Office expenses | $2,073,171 |
| Information technology | $204,747 |
| Royalties | $0 |
| Occupancy | $10,691,782 |
| Travel | $129,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,328 |
| Interest | $1,987,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,819,725 |
| Insurance | $3,570,224 |
| All other expenses | $7,803,964 |
| Total functional expenses | $341,193,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,212,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,084,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,934,543 |
| Inventories for sale or use | $7,899,586 |
| Prepaid expenses and deferred charges | $2,379,779 |
| Net Land, buildings, and equipment | $146,444,037 |
| Investments—publicly traded securities | $279,764,568 |
| Investments—other securities | $5,720,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,209,239 |
| Total assets | $525,648,670 |
| Accounts payable and accrued expenses | $77,673,909 |
| Grants payable | $0 |
| Deferred revenue | $5,967,102 |
| 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 | $3,098,088 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,247,089 |
| Total liabilities | $165,986,188 |
| Net assets without donor restrictions | $359,156,499 |
| Net assets with donor restrictions | $505,983 |
| 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 | $525,648,670 |
Grants Awarded
Over the last fiscal year, Mclaren Bay Region has awarded $69,007 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Freeland, MI PURPOSE: STATE WIDE HEALTH DEVELOPMENT | $15,000 |
Bay City, MI PURPOSE: COMMUNITY SPONSORSHIP | $15,000 |
West Branch, MI PURPOSE: COMMUNITY SPONSORSHIP | $13,570 |
Bay City, MI PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Midland, MI PURPOSE: COMPREHENSIVE BUSINESS SUPPORT | $7,900 |
Bay City, MI PURPOSE: COMMUNITY SPONSORSHIP | $7,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mclaren Bay Region has recieved totaling $368,999.
| Awarding Organization | Amount |
|---|---|
Michigan Health And Hospital Association Okemos, MI PURPOSE: GRANT PASS THROUGH FOR COVID-19 | $368,499 |
American Warrior Initiative Inc Madison, WI PURPOSE: MASKS | $500 |
Endowment Analysis
| Beg. Balance | $471,562 |
| Ending Balance | $471,562 |
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 |