Munson Healthcare Foundations

Nonprofit profile at a glance

EIN
382642724
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Traverse City, MI, USA
Phone
2319355000
Rating
84
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$12,571,264
Expenses
$12,440,392
Assets
$83,777,113
Liabilities
$270,938

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

Leadership & pay

13 people listed

Executive titles in this filing

  • DEBRA HENDERSON (PRESIDENT)

Highest reported compensation

  • EDWIN NESS (DIRECTOR): $2,922,871 total reported compensation
  • PAUL KONOPACKI (CFO): $801,715 total reported compensation
  • DEBRA HENDERSON (PRESIDENT): $345,297 total reported compensation

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

Overview

Mission

Inspiring charitable support to enhance health care for the people of northern Michigan. The purposes for which munson healthcare foundations is organized are: a) to provide support for the objects and purposes of munson healthcare, a Michigan nonprofit corporation and its affiliates; b) to assist in a charitable manner, in the accomplishment of the health care purposes of munson healthcare and its affiliates; c) to obtain funds to support public charities in the area of health maintenance, education and prevention of diseases; d) to provide a benefit to munson healthcare and its affiliates by distributing income or transferring assets to or otherwise supporting them; e) to participate to the fullest extent possible within the restrictions of the corporation's funds and assets in any activity designed and carried on to promote the general health of the community; f) to participate in establishing and achieving munson healthcare's regional fundraising targets and goals in accordance wit

What it reported doing in 2024

Funds for the support of munson medical center, a related organization in the munson healthcare system. Major initiatives funded include construction of a second cardiac catheterization laboratory, acquisition of ion robotic bronchoscopy technology, purchase of levo head positioners, upgrades to orthopedic equipment, and the purchase of supplies for stroke care and radiation oncology. Other funded items include unmet healthcare needs of patients in the munson service area, medical equipment purchases, support for child health and wellness, continuing medical education, recruitment and retention costs for nurses, and program support for community health programs.

Operating model

Revenue model
Donor-supported. 66% 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

STRONG - 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: 86
  • Transparency & Controls: 80
  • Accountability: 87
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.2%; rating input score 86
  • Fundraising efficiency: $4.57 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 77.8%; rating input score 78; 14th 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: 1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 6.73; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.2% of spending went to programs
  • Governance: 7 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $10.7M in reported program spending
  • Leadership: top reported pay $2.9M · 13 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 32 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 — Financial Efficiency: Fundraising efficiency scored 18/100.
  • Moderate — Sustainability: Operating margin scored 38/100.