Memorial Hospital
Nonprofit profile at a glance
- EIN
- 381358208
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Owosso, MI, USA
- Phone
- 9897235211
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Hospital, General
Reported finances
- Revenue
- $352,399,300
- Expenses
- $340,798,423
- Assets
- $215,085,800
- Liabilities
- $97,104,342
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- GREGORY P BONTRAGER (PRESIDENT)
- TONY M YOUNG (VICE PRESIDENT)
- BRIAN L LONG (EXECUTIVE DIRECTOR/CEO)
Highest reported compensation
- RAMY M KURDI DO (PHYSICIAN): $1,255,236 total reported compensation
- TAREK R PACHA DO (PHYSICIAN): $1,166,358 total reported compensation
- HAZEM TABBAA DO (VICE CHIEF OF STAFF): $981,415 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 promote health and provide quality compassionate healthcare in our region through a commitment to service excellence, teamwork and innovation.
What it reported doing in 2024
A medical and surgical hospital that provides inpatient and outpatient services to all patients.inpatient discharges: 4,048, patient days: 23,046, inpatient surgeries: 694, births: 475
Operating model
- Revenue model
- Earned-program. 98% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 85
- Accountability: 80
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.3%; rating input score 83
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: $1.5 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 73.3%; rating input score 73; 23rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.3%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 83.3% of revenue deployed · 86.6% of spending went to programs
- Governance: 11 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $295.3M in reported program spending
- Leadership: top reported pay $1.3M · 26 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $11.9M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 10 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 5 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.