Saginaw Cooperative Hospitals Inc
95% goes to programs $0 to raise $100 Growing revenue
Saginaw Cooperative Hospitals Inc is a 501(c)(3) organization based in Saginaw, Michigan, registered in 1970, with $63,738,890 in FY2024 revenue. CharityIndex grades it B+, and it directs about 95% of spending to programs.
1000 Houghton Ave, Saginaw, MI, 48602 EIN 38-1870664 Since 1970
Revenue (FY2024)
$63.7M
▲ 10.3% vs prior year
Health median: $840K
Expenses (FY2024)
$65.9M
Net assets
$7.0M
Employees
595
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% to programs · $0 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 Saginaw Cooperative Hospitals Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 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 Saginaw Cooperative Hospitals Inc: 1 mo reserves · -3% margin earns a C+ 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 Saginaw Cooperative Hospitals Inc: 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 Saginaw Cooperative Hospitals Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The purpose of the corporation is to integrate medical education, research, and professional services for the training of medical learners (residents, students, and healthcare personnel).
Contact & location
- Address
- 1000 Houghton Ave, Saginaw, MI, 48602
- City
- Saginaw
- State
- Michigan
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $32.7M (FY2013) to $63.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.5MNet assets $7.0M
Operating margin
-3.4%
Spent more than it raised in the latest fiscal year.
Total assets
$23.5M
Total liabilities
$16.5M
Net assets
$7.0M
Salaries & benefits
$54.4M
82% of expenses
Board members
10
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,738,890▲10.3% | $65,934,343▲11.2% | $7,021,980▼17.9% | $23,485,085▼8.1% | 990 |
| 2023 | $57,799,110▼1.4% | $59,283,114▲2.3% | $8,555,649▼9.2% | $25,554,026▼5.0% | 990 |
| 2022 | $58,596,440▲7.0% | $57,960,668▲1.7% | $9,424,887▲13.7% | $26,885,300▲47.8% | 990 |
| 2021 | $54,785,613▼2.3% | $56,995,869▲14.0% | $8,289,125▼25.7% | $18,190,737▼6.8% | 990 |
| 2020 | $56,065,941▲22.6% | $50,003,723▲5.9% | $11,152,801▲129% | $19,522,403▲41.2% | 990 |
| 2019 | $45,735,363▲5.5% | $47,229,925▲8.6% | $4,876,256▼23.4% | $13,830,293▲32.9% | 990 |
| 2018 | $43,368,159▲11.1% | $43,504,890▲10.0% | $6,361,958▼1.9% | $10,407,982▲15.1% | 990 |
| 2017 | $39,028,647▲10.1% | $39,567,726▲12.7% | $6,484,764▼7.2% | $9,042,553▼3.0% | 990 |
| 2016 | $35,443,151▲10.5% | $35,111,225▲8.8% | $6,989,162▲5.7% | $9,319,432▲4.7% | 990 |
| 2015 | $32,062,494▼4.6% | $32,276,107▲2.0% | $6,612,910▼3.2% | $8,899,022▼5.1% | 990 |
| 2014 | $33,598,277▲2.7% | $31,646,103▼2.6% | $6,833,611▲40.0% | $9,376,580▲17.9% | 990 |
| 2013 | $32,713,071 | $32,474,997▲22.1% | $4,880,962▼13.8% | $7,952,329▼2.7% | 990 |
| 2012 | — | $26,606,603▲2.7% | $5,662,303▲5.9% | $8,174,253▼5.8% | 990 |
| 2011 | — | $25,915,878▲2.3% | $5,345,209▲1125% | $8,675,741▼25.7% | 990 |
| 2010 | — | $25,328,242▲7.9% | $436,404▼93.8% | $11,683,633▲4.9% | 990 |
| 2009 | — | $23,482,462 | $7,067,336 | $11,140,746 | 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: Maher Ghanem — $952,182 (1.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Maher Ghanem | Physician | 40 | $952,182 |
| Wael Solh | Physician | 40 | $804,958 |
| Akram Alashari | Physician | 40 | $753,942 |
| Samuel Shaheen Md | President & | 40 | $650,000 |
| Timothy Hackett | Physician | 40 | $483,627 |
| Christina Maser | Physician | 40 | $444,335 |
| Beth Charlton | Vice Chairma | 1 | — |
| Brenda Coughlin Md | Trustee | 1 | — |
| J Don Sheets | Trustee | 1 | — |
| Joann Crary | Trustee | 1 | — |
| Mary Hill | Treasurer | 1 | — |
| Matthew Deibel Md | Trustee | 1 | — |
| Michael Webster | Trustee | 1 | — |
| Mike Erickson | Secretary | 1 | — |
| Neil Mackinnon | Trustee | 1 | — |
| Paul Berg Md | Trustee | 1 | — |
| Tina L Thompson | Chairman | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Michigan Health Council | Mi Doc Mgmt | $397,093 |
| Tamim Co LLC | Physician Serv | $363,560 |
| Caro Health Plaza | Physician Serv | $292,126 |
| Clean Team | Cleaning Svc | $189,280 |
| Kcg Healthcare Recruiting | Physician Recru | $140,000 |
Grants received · $49K total
2 grants to Saginaw Cooperative Hospitals Inc totaling $49K, reported by foundations on their Schedule I filings.
Grants made · $1.0M in FY2015
1 grant totaling $1.0M in FY2015. All grants made by Saginaw Cooperative Hospitals Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Central Michigan University | Medical education | $1,000,000 |
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Frequently asked questions
- Is Saginaw Cooperative Hospitals Inc a legitimate nonprofit?
- Yes. Saginaw Cooperative Hospitals Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1870664, based in Saginaw, Michigan. Donations are tax-deductible.
- What is Saginaw Cooperative Hospitals Inc's EIN?
- Saginaw Cooperative Hospitals Inc's Employer Identification Number (EIN) is 38-1870664.
- How much revenue does Saginaw Cooperative Hospitals Inc report?
- Saginaw Cooperative Hospitals Inc reported $63,738,890 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Saginaw Cooperative Hospitals Inc's spending goes to programs?
- Saginaw Cooperative Hospitals Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Saginaw Cooperative Hospitals Inc have?
- CharityIndex grades Saginaw Cooperative Hospitals Inc B+, based on program efficiency and fundraising cost.
- How much does Saginaw Cooperative Hospitals Inc's highest-paid employee make?
- The highest reported compensation on Saginaw Cooperative Hospitals Inc's latest Form 990 is $952,182, paid to Maher Ghanem (Physician).
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Data for Saginaw Cooperative Hospitals Inc (EIN 38-1870664) 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.