Detroit Medical Staff Fund
- Assets
- $1.1m
- Revenue
- $367.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2023
- EIN
- 45-4351854
Organization Overview
Detroit Medical Staff Fund is located in Detroit, MI. Detroit Medical Staff Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Detroit Medical Staff Fund generated $367.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $435.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE DETROIT MEDICAL STAFF FUND IS TO SUPPORT THE MEDICAL STAFF IN CARRYING OUT ITS DUTIES SO THAT STAFF ACCREDITATION IS MAINTAINED. SUPPORT IS TO BE PROVIDED IN THE AREAS OF QUALITY PATIENT CARE, RESEARCH, EDUCATION AND MEDICAL STAFF ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING QUALITY PATIENT CARE, INCLUDING THE CREDENTIALING OF PHYSICANS, QUALITY IMPROVEMENT PROGRAMS OF THE MEDICAL STAFF, REVIEW OF PROBLEM PHYSICIANS AND OVERSIGHT OF THE FAIR HEARING PROCESS AND ADVERSE ACTIONS TAKEN AGAINST PHYSICIANS.
IMPROVE THE CONDITIONS AND EFFICIENCY OF THE WORKING ENVIRONMENT FOR THE PHYSICIANS IN THE FACILITIES OF THE MEDICAL COMPLEX.
DEVELOPMENT AND OVERSIGHT OF EDUCATION OF MEDICAL STAFF.
MEDICAL STAFF FUNCTIONS SUCH AS EDUCATIONAL MEETINGS AT EACH OF THE DMC HOSPITALS, QUALITY AND PATIENT SAFETY PROGRAMS AND PROMOTIONAL ACTIVITIES OF THE MEDICAL STAFF.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Haapaniemi President | OfficerTrustee | 12 | $90,000 |
Jeffrey Clark Director | Trustee | 6 | $33,750 |
Roy Elrod Director | Trustee | 6 | $33,750 |
Kimberly Hart Director | Trustee | 6 | $33,750 |
Vijay Kudesia Director | Trustee | 6 | $33,750 |
Tonya J Touchstone Director | Trustee | 6 | $33,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,775 |
| Total Program Service Revenue | $365,400 |
| Investment income | $12,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,113 |
| 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. | $283,125 |
| 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 | $30,000 |
| Fees for services: Legal | $6,219 |
| Fees for services: Accounting | $2,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $10,422 |
| All other expenses | $4,170 |
| Total functional expenses | $435,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,894 |
| Savings and temporary cash investments | $862,893 |
| 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 | $211,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,076,345 |
| 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 |
| Net assets without donor restrictions | $1,076,345 |
| 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 | $1,076,345 |