Munson Healthcare Cadillac
- Assets
- $113.4m
- Revenue
- $123.9m
- Investments
- $15.6m
- Employees
- 791
- Location
- Traverse City, MI
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 47-1156297
Organization Overview
Munson Healthcare Cadillac is located in Traverse City, MI. The organization was established in 2014. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Munson Healthcare Cadillac employed 791 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Healthcare Cadillac 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 Cadillac generated $123.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $110.0m during the year ending 06/2021. While expenses have increased by 4.7% 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.
Since 2015, Munson Healthcare Cadillac has awarded 34 individual grants totaling $903,757. 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
MUNSON HEALTHCARE CADILLAC AND ITS PARTNERS WORK TOGETHER TO PROVIDE SUPERIOR QUALITY CARE AND PROMOTE COMMUNITY HEALTH.
Describe the Organization's Program Activity:
EXPENSES INCURRED WHILE PROVIDING HOSPITAL SERVICES TO THE RESIDENTS OF CADILLAC, MICHIGAN AND THE SURROUNDING AREA WHILE FULFILLING THE HOSPITAL'S MISSION TO PROVIDE HEALTHCARE IN THE COMMUNITY. MUNSON HEALTHCARE CADILLAC HAD 2,917 INPATIENT ADMISSIONS IN FISCAL YEAR 2021 AND OVER 145,000 OUTPATIENT VISITS. THE HOSPITAL SERVED MORE THAN 4,800 SURGICAL CASES, 343 OBSTETRICAL BIRTHS, AND OVER 21,300 EMERGENCY ROOM VISITS. MUNSON HEALTHCARE CADILLAC ACCEPTS ALL PATIENTS, REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAS 330 PROVIDERS AND 45 VOLUNTEERS. INCLUDED IN PROGRAM SERVICE EXPENSES ARE 1.1 MILLION OF EXPENSES RELATED TO THE COMPREHENSIVE CARE OF COVID-19 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Bowden DO Physician | 40 | $751,802 | |
David Hobbs MD Physician | 40 | $722,080 | |
Louis Tegtmeyer DO Physician | 40 | $485,304 | |
Lynne Mccormick DO Physician | 36 | $485,125 | |
Timothy Iseri MD Physician | 40 | $463,774 | |
Kathryn Bandfield-Keough VP Patient C | Officer | 34 | $149,697 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Physical Therapy Group Medical | 6/29/21 | $1,226,394 |
Epmg Of Mi Pc Medical | 6/29/21 | $842,524 |
Great Lakes Orthopaedic Center Medical | 6/29/21 | $669,991 |
Sound Inpatient Physicians Medical | 6/29/21 | $1,834,464 |
Mayo Clinic Laboratories Laboratory | 6/29/21 | $641,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,397,009 |
| Government grants | $79,460 |
| 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 | $2,476,469 |
| Total Program Service Revenue | $121,278,846 |
| Investment income | $113,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,659 |
| Net Gain/Loss on Asset Sales | -$20,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,901,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,292 |
| 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. | $209,531 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,215,947 |
| Pension plan accruals and contributions | $1,521,627 |
| Other employee benefits | $5,503,658 |
| Payroll taxes | $1,970,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,620 |
| Fees for services: Lobbying | $4,553 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,446,041 |
| Advertising and promotion | $18,403 |
| Office expenses | $612,225 |
| Information technology | $1,099,061 |
| Royalties | $0 |
| Occupancy | $1,593,571 |
| Travel | $40,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,115 |
| Interest | $611,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,108,177 |
| Insurance | $371,629 |
| All other expenses | -$809,610 |
| Total functional expenses | $110,048,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,818 |
| Savings and temporary cash investments | $50,647,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,158,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $233,485 |
| Inventories for sale or use | $1,965,569 |
| Prepaid expenses and deferred charges | $422,124 |
| Net Land, buildings, and equipment | $28,207,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,588,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,123,951 |
| Total assets | $113,351,457 |
| Accounts payable and accrued expenses | $9,393,419 |
| Grants payable | $0 |
| Deferred revenue | $200,000 |
| Tax-exempt bond liabilities | $14,270,416 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,979,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,032,851 |
| Total liabilities | $46,875,945 |
| Net assets without donor restrictions | $50,887,359 |
| Net assets with donor restrictions | $15,588,153 |
| 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 | $113,351,457 |
Grants Awarded
Over the last fiscal year, Munson Healthcare Cadillac has awarded $73,292 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WEXFORD PHO PURPOSE: MEDICATION ACCESS PR | $36,000 |
Cadillac, MI PURPOSE: MEDICALLY UNDERSERVE | $20,000 |
Cadillac, MI PURPOSE: SENIOR/YOUTH FIT PRO | $17,292 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Munson Healthcare Cadillac has recieved totaling $11,684.
| Awarding Organization | Amount |
|---|---|
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENTS 1 AND 2. | $11,679 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Physicians Of Indiana Inc Indianapolis, IN | $101,048,784 | $378,135,531 |
Henry Ford Macomb Hospital Corporation Detroit, MI | $546,856,756 | $653,565,323 |
Southern Ohio Medical Center Portsmouth, OH | $685,497,488 | $516,045,516 |
Thedacare Inc Appleton, WI | $691,025,693 | $439,639,874 |
Community Hospitals Of Indiana Inc Indianapolis, IN | $779,256,997 | $322,956,027 |
Beavercreek Medical Center Miamisburg, OH | $315,696,444 | $234,653,488 |
Prohealth Medical Group Inc Waukesha, WI | $120,412,770 | $177,161,425 |
Alverno Provena Hospital Laboratories Inc Hammond, IN | $27,250,594 | $191,626,087 |
Reid Physician Associates Inc Richmond, IN | $23,164,630 | $96,947,543 |
Indiana University Health Ball Memorial Physicians Inc Indianapolis, IN | $15,468,019 | $90,589,593 |
St Croix Regional Medical Center St Croix Falls, WI | $114,134,286 | $138,569,905 |
Munson Healthcare Cadillac Traverse City, MI | $113,351,457 | $123,901,366 |