Mclaren Northern Michigan Foundation

Nonprofit profile at a glance

EIN
382445611
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Petoskey, MI, USA
Phone
2314874094
Rating
69
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$14,507,369
Expenses
$6,876,145
Assets
$49,998,199
Liabilities
$304,259

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

Leadership & pay

27 people listed

Executive titles in this filing

  • GARFIELD ATCHISON (TRUSTEE & PRESIDENT/CEO)

Highest reported compensation

  • GARFIELD ATCHISON (TRUSTEE & PRESIDENT/CEO): $632,609 total reported compensation
  • JOHN KENNEDY (VP, CMO - PART YEAR): $382,248 total reported compensation
  • MICHAEL PRUSAITIS (VP OF FINANCE/CFO): $351,289 total reported compensation

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

Overview

Mission

To receive and administer funds to support the mission of mclaren northern Michigan and support programs that enhance the well-being of the community.

What it reported doing in 2024

Including but not limited to the following program services: the pediatric unit is staffed 24-hours-a-day, 7-days-a-week by a pediatric hospitalist who specializes in acute illnesses in the pediatric inpatient setting. The pediatric nurses have special training in the care of children ages newborn to 18 years and are well-skilled in caring for a wide variety of childhood illnesses, as well as those patients requiring surgical interventions. The pediatric staff is also certified in pediatric advanced life support (pals). The pediatric unit has six rooms with a patient capacity of 12 patients. A well-stocked playroom is also available and made possible through a grant to the mclaren northern Michigan foundation. Capital equipment physician recruitment program grants to mclaren northern Michigan, grants to related organizations, grants to individuals in the community and other program services.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 72
  • Accountability: 83
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.9%; rating input score 41
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: $17.08 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.7%; rating input score 95; 28th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 52.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.27; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 7% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 40.9% of revenue deployed · 71.6% of spending went to programs
  • Governance: 18 of 19 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.9M in reported program spending
  • Leadership: top reported pay $633K · 27 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 55 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.