Munson Healthcare
- Assets
- $122.2m
- Revenue
- $96.7m
- Investments
- $39.5m
- Employees
- 865
- Location
- Traverse City, MI
- Founding
- 10/1986
- Data as of
- 06/2021
- EIN
- 38-2640544
Organization Overview
Munson Healthcare is located in Traverse City, MI. The organization was established in 1986. 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, Munson Healthcare employed 865 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Healthcare 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, Munson Healthcare generated $96.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $106.9m during the year ending 06/2021. While expenses have increased by 24.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUNSON HEALTHCARE AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
PARENT HOLDING COMPANY FOR CORPORATIONS PROVIDING HEALTH CARE AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin A Ness President & | OfficerTrustee | 40 | $915,969 |
Mark A Hepler CFO | Officer | 40 | $522,987 |
Christine Nefcy MD Chief Medica | 40 | $467,858 | |
Thomas Lemon CEO Otsego H | 40 | $443,020 | |
Laura Glenn Pres Ambulat | 40 | $439,683 | |
Christopher J Podges VP & Chief I | Officer | 40 | $381,998 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
3m Health Info Systems Health Is Supp | 6/29/21 | $871,679 |
Siemens Medical Equipment Maint | 6/29/21 | $1,921,714 |
Coretek Inc It Support | 6/29/21 | $724,080 |
Cerner Corporation Amb Support | 6/29/21 | $8,247,792 |
Allscripts Software Maint | 6/29/21 | $1,194,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $357,667 |
| Government grants | $701,319 |
| 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 | $1,058,986 |
| Total Program Service Revenue | $92,107,402 |
| Investment income | $1,771,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,377,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,733,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $2,882,122 |
| Compensation of current officers, directors, key employees. | $1,717,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,509,029 |
| Pension plan accruals and contributions | $3,053,352 |
| Other employee benefits | $3,954,759 |
| Payroll taxes | $3,180,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $644,951 |
| Fees for services: Accounting | $394,010 |
| Fees for services: Lobbying | $122,581 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,581 |
| Fees for services: Other | $6,924,031 |
| Advertising and promotion | $727,383 |
| Office expenses | $2,018,564 |
| Information technology | $20,497,885 |
| Royalties | $0 |
| Occupancy | $522,112 |
| Travel | $146,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,638,606 |
| Insurance | -$67,915 |
| All other expenses | $157,429 |
| Total functional expenses | $106,911,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,577,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,035,078 |
| 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 | $13,749,241 |
| Net Land, buildings, and equipment | $34,678,551 |
| Investments—publicly traded securities | $20,407,376 |
| Investments—other securities | $39,503,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,276,349 |
| Total assets | $122,228,046 |
| Accounts payable and accrued expenses | $57,054,590 |
| 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 | $8,890,362 |
| Total liabilities | $65,944,952 |
| Net assets without donor restrictions | $56,283,094 |
| 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 | $122,228,046 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Munson Healthcare has recieved totaling $18,500.
| Awarding Organization | Amount |
|---|---|
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $10,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $7,500 |
Tuktawa Foundation Orchard Lake, MI PURPOSE: SOCIAL WELFARE | $1,000 |
Endowment Analysis
| Beg. Balance | $15,723,300 |
| Earnings | $923,131 |
| Admin Expense | $73,448 |
| Ending Balance | $16,572,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |
Mclaren Greater Lansing Lansing, MI | $873,460,551 | $435,283,009 |