Munson Healthcare Cadillac
83% goes to programs $11 to raise $100
Munson Healthcare Cadillac is a 501(c)(3) organization based in Traverse City, Michigan, registered in 2014, with $140,714,179 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
1105 Sixth St, Traverse City, MI, 49684 EIN 47-1156297 Since 2014
Revenue (FY2023)
$140.7M
▲ 7.1% vs prior year
Health median: $840K
Expenses (FY2023)
$129.8M
Net assets
$46.1M
Employees
774
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 rating83% to programs · $11 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 Munson Healthcare Cadillac: 83% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +8% 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 Munson Healthcare Cadillac: 4 mo reserves · +8% 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 Munson Healthcare Cadillac: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Munson Healthcare Cadillac: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Munson healthcare cadillac and its partners work together to provide superior quality care and promote community health.
Contact & location
- Address
- 1105 Sixth St, Traverse City, MI, 49684
- City
- Traverse City
- State
- Michigan
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.7M (FY2014) to $140.7M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $19.5MNet assets $46.1M
Operating margin
7.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$65.7M
Total liabilities
$19.5M
Net assets
$46.1M
Salaries & benefits
$51.7M
40% of expenses
Board members
23
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $140,714,179▲7.1% | $129,766,373▲2.5% | $46,142,342▲31.1% | $65,664,284▲30.3% | 990 |
| 2022 | $131,411,611▼1.2% | $126,619,555▲5.5% | $35,194,536▼13.3% | $50,392,268▼36.7% | 990 |
| 2021 | $133,036,721▲7.4% | $119,999,629▲9.0% | $40,570,676▼39.0% | $79,589,718▼29.8% | 990 |
| 2020 | $123,901,366▲11.2% | $110,048,891▲8.3% | $66,475,512▲29.0% | $113,351,457▲17.3% | 990 |
| 2019 | $111,462,096▼0.5% | $101,599,626▼2.3% | $51,549,491▲24.7% | $96,622,371▲35.9% | 990 |
| 2018 | $112,050,695▲13.3% | $104,010,531▲6.6% | $41,347,708▲94.9% | $71,123,499▲41.6% | 990 |
| 2017 | $98,875,981▲11.8% | $97,563,489▲11.7% | $21,212,224▲37.7% | $50,219,257▲15.3% | 990 |
| 2016 | $88,427,003▲4.2% | $87,323,134▲4.6% | $15,399,732▲7.7% | $43,560,744▲8.6% | 990 |
| 2015 | $84,871,906▲167% | $83,476,893▲172% | $14,295,863▲41.5% | $40,119,857▼3.9% | 990 |
| 2014 | $31,743,516 | $30,691,477 | $10,100,850 | $41,745,700 | 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 (FY2023)
Highest-paid: Kent Bowden Do — $739,735 (0.57% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kent Bowden Do | Physician | 40 | $739,735 |
| David Hobbs Md | Physician | 40 | $521,818 |
| Paul Bizzigotti Md | Orthopedic S | 40 | $509,690 |
| Iseri Timothy Md | Physician | 40 | $470,464 |
| Louis Tegtmeyer Do | Surgeon | 40 | $461,019 |
| Cristen Brandsma | Coo/cno | 40 | $242,107 |
| Alan Conrad | Director | — | — |
| Andy Page | Director | — | — |
| Ben Muladore | Director | — | — |
| Brian Postma | Director | — | — |
| Casey Kandow | Former Vp An | — | — |
| Dave Mengebier | Pt-yr Treasu | — | — |
| David Mccurdy | Director | — | — |
| Dino Recchia Md | Director | — | — |
| Doug Luciani | Director | — | — |
| Edwin A Ness | Director | 2 | — |
| Elaine Wood | Pt-yr Chair | — | — |
| Ellen Smith | President Am | 2 | — |
| Jennifer King | Director | — | — |
| Karl Klimek | Director | — | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mary Free Bed Rehabilitation Hosp | Rehabilitation | $2,099,309 |
| Sound Physicians | Medical | $1,717,969 |
| Epmg of Mi PC | Medical | $1,003,103 |
| Mayo Clinic Laboratories | Laboratory | $535,392 |
| Sodexo Inc and Affiliates | Food Service | $324,662 |
Grants received · $179K total
2 grants to Munson Healthcare Cadillac totaling $179K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Southeast Michigan | State opioid response | 2023 | $73,528 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2020 | $105,518 |
Grants made · $56K in FY2022
2 grants totaling $56K in FY2022. All grants made by Munson Healthcare Cadillac →
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Michiagn Care Partners Pho | Medication access pr | $36,000 |
| Stehouwer Free Clinic | Medically underserve | $20,000 |
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Compare Munson Healthcare Cadillac
Frequently asked questions
- Is Munson Healthcare Cadillac a legitimate nonprofit?
- Yes. Munson Healthcare Cadillac is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-1156297, based in Traverse City, Michigan. Donations are tax-deductible.
- What is Munson Healthcare Cadillac's EIN?
- Munson Healthcare Cadillac's Employer Identification Number (EIN) is 47-1156297.
- How much revenue does Munson Healthcare Cadillac report?
- Munson Healthcare Cadillac reported $140,714,179 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Munson Healthcare Cadillac's spending goes to programs?
- Munson Healthcare Cadillac spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Munson Healthcare Cadillac have?
- CharityIndex grades Munson Healthcare Cadillac A, based on program efficiency and fundraising cost.
- How much does Munson Healthcare Cadillac's highest-paid employee make?
- The highest reported compensation on Munson Healthcare Cadillac's latest Form 990 is $739,735, paid to Kent Bowden Do (Physician).
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Data for Munson Healthcare Cadillac (EIN 47-1156297) 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.