Bluewater Healthcare Network

Nonprofit profile at a glance

EIN
465444203
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Marlette, MI, USA
Phone
9896354230
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$4,212,274
Expenses
$4,321,152
Assets
$4,600,026
Liabilities
$904,390

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ANDREW DANIELS (CO-CEO)
  • ANGELA MCCONNACHIE (CO-CEO)

Highest reported compensation

  • ANDREW DANIELS (CO-CEO): $432,377 total reported compensation
  • ANGELA MCCONNACHIE (CO-CEO): $375,368 total reported compensation
  • KIMBERLY GENTNER (CFO): $270,731 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing exceptional care close to home as the leading rural healthcare organization.

What it reported doing in 2024

Bluewater healthcare network (bhn) is organized to govern, own, operate, and maintain an integrated health care system for the care and treatment of indigent, sick, infirm, and injured persons, and to generally provide for the preservation and promotion of health and health care in and around the Michigan counties of sanilac, tuscola, huron, and lapeer, as the board of directors may from time to time determine. Bhn aims to provide support to its related parties through conducting centralized activities and functions that are essential to carrying out the supported organizations exempt purposes. Services include compensation and benefits, strategic direction, and standardization across all healthcare mediums that include patient care, communication, health management, patient outreach, compliance, streamlined processes, and training. Bhn also provides centralized leadership and administrative services, including utilization review, medical staff services, risk and compliance, marketing, finance, health information management, community and employee education, patient accounting, materials management, human resources, quality, infection control, employee health, emergency preparedness, information technology, clinical it, practice management, prior authorization, care coordination, population health, laundry, and courier services. By centralizing these departments, bhn is able to share expertise, reduce redundancy, strengthen communication, preserve resources, and effectively enhance efficiency, financial stability, and quality of care.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.6%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 1.06; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 149.9% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 79.5% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 65.9% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.3M in reported program spending
  • Leadership: top reported pay $432K · 14 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 25/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.