Memorial Hospital
87% goes to programs $67 to raise $100 Growing revenue
Memorial Hospital is a 501(c)(3) organization based in Owosso, Michigan, registered in 1937, with $352,399,300 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
826 W King St, Owosso, MI, 48867 EIN 38-1358208 Since 1937
Revenue (FY2024)
$352.4M
▲ 18.0% vs prior year
Health median: $840K
Expenses (FY2024)
$340.8M
Net assets
$118.0M
Employees
1,918
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $67 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Memorial Hospital: 87% to programs · $67 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Memorial Hospital: 4 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Memorial Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Memorial Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide healthcare services to patients.
What they do
Ancillary services (outpatient visits: 251,310, outpatient surgeries: 4,189, pain management visits: 6,054
Mma services (physician clinics, mma rvu's: 542,437
Contact & location
- Address
- 826 W King St, Owosso, MI, 48867
- City
- Owosso
- State
- Michigan
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $115.3M (FY2013) to $352.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $97.1MNet assets $118.0M
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$215.1M
Total liabilities
$97.1M
Net assets
$118.0M
Salaries & benefits
$153.3M
45% of expenses
Board members
15
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $352,399,300▲18.0% | $340,798,423▲16.5% | $117,981,458▲9.2% | $215,085,800▲9.7% | 990 |
| 2023 | $298,580,876▲16.1% | $292,464,445▲9.6% | $108,069,721▲8.3% | $196,134,747▲2.6% | 990 |
| 2022 | $257,101,163▲4.5% | $266,779,557▲6.5% | $99,807,795▼14.4% | $191,179,125▼13.2% | 990 |
| 2021 | $246,067,471▲8.0% | $250,455,649▲12.0% | $116,616,226▼0.9% | $220,221,745▼3.3% | 990 |
| 2020 | $227,898,394▲4.6% | $223,646,513▲10.7% | $117,717,972▲3.8% | $227,811,494▲46.4% | 990 |
| 2019 | $217,789,484▲16.5% | $202,026,538▲14.4% | $113,456,040▲14.7% | $155,656,152▲12.0% | 990 |
| 2018 | $186,879,741▲25.9% | $176,621,364▲22.3% | $98,901,550▲1.8% | $139,002,846▲3.3% | 990 |
| 2017 | $148,379,109▲11.7% | $144,373,427▲7.9% | $97,180,836▲10.1% | $134,533,060▲8.7% | 990 |
| 2016 | $132,863,472▲5.8% | $133,814,354▲7.8% | $88,266,042▲1.7% | $123,741,956▼0.7% | 990 |
| 2015 | $125,546,154▲8.8% | $124,077,273▲5.0% | $86,770,035▼3.6% | $124,608,509▲0.9% | 990 |
| 2014 | $115,376,102▲0.1% | $118,114,516▲4.4% | $90,048,816▼3.1% | $123,448,319▼1.2% | 990 |
| 2013 | $115,263,735 | $113,087,503▲3.4% | $92,887,414▲4.3% | $124,885,441▲6.1% | 990 |
| 2012 | — | $109,401,004▲10.2% | $89,091,850▲9.9% | $117,721,017▲8.0% | 990 |
| 2011 | — | $99,284,795▼2.6% | $81,092,841▲8.5% | $109,034,835▲6.8% | 990 |
| 2010 | — | $101,884,354 | $74,774,091 | $102,087,011 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ramy M Kurdi Do — $1,214,202 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ramy M Kurdi Do | Physician | 40 | $1,214,202 |
| Tarek R Pacha Do | Physician | 40 | $1,132,745 |
| Hazem Tabbaa Do | Vice Chief of Staff | 40 | $940,087 |
| Ashraf M Elbanna Md | Physician | 40 | $938,969 |
| Brian L Long | Executive Director/ceo | 58 | $885,461 |
| Sasha M Spencley Do | Physician | 40 | $850,108 |
| Ira Stanley Frye Md | Physician | 40 | $825,084 |
| Joseph M Bustamante Do | Chief Medical Officer | 40 | $527,057 |
| Joseph E Testa Do | Member | 40 | $484,024 |
| Margaret R Frey Do | Member | 40 | $370,276 |
| Thomas Kurtz | Coo | 40 | $355,238 |
| Anthony A Patsy Do | Member | 39 | $349,505 |
| Jorri Tremain | Cfo | 40 | $311,587 |
| Abbie Majzel | Coa | 40 | $273,852 |
| Joyce Bremer | Vp Physician Practice Management | 40 | $264,534 |
| Barbara Bakeromerod | Member | 2 | — |
| Bruce J Wenzlick | Member | 2 | — |
| Bryan K Marks | Member | 2 | — |
| David R Wakeland | Member | 2 | — |
| Gregory P Bontrager | President | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Accountable Healthcare Staffing | Staffing Services | $4,571,889 |
| Alliance Hni LLC | Rental of Equipment | $2,605,758 |
| American Healthcare Staffing Association | Staffing Services | $1,616,396 |
| Ecs Central Michigan PC | Contracted Emergecy Room Physicians | $1,572,498 |
| Ums Shiawassee County Urs Lithotripsy | Ablation Treatments | $1,512,613 |
Grants received · $2.4M total
6 grants to Memorial Hospital totaling $2.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Health Endowment Fund | Perinatal social determinants of health | 2023 | $200,000 |
| Michigan Health and Hospital Association | Grant pass through | 2023 | $147,754 |
| Michigan Health and Hospital Association | Grant pass through | 2022 | $1,175,000 |
| Michigan Health and Hospital Association | Grant pass through | 2021 | $725,000 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2020 | $89,935 |
| Patient Access Network Foundation | Patient assistance | 2015 | $17,673 |
Grants made · $243K in FY2014
1 grant totaling $243K in FY2014. All grants made by Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| The Memorial Health Care Foundation | Support operations | $243,476 |
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Compare Memorial Hospital
Frequently asked questions
- Is Memorial Hospital a legitimate nonprofit?
- Yes. Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1358208, based in Owosso, Michigan. Donations are tax-deductible.
- What is Memorial Hospital's EIN?
- Memorial Hospital's Employer Identification Number (EIN) is 38-1358208.
- How much revenue does Memorial Hospital report?
- Memorial Hospital reported $352,399,300 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Memorial Hospital's spending goes to programs?
- Memorial Hospital spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hospital have?
- CharityIndex grades Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Memorial Hospital's latest Form 990 is $1,214,202, paid to Ramy M Kurdi Do (Physician).
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Data for Memorial Hospital (EIN 38-1358208) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.