Munson Healthcare
Legal name: Munson Healthcare Grayling
Nonprofit profile at a glance
- EIN
- 471161992
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Traverse City, MI, US
- Phone
- 231-935-5000
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $106,873,552
- Expenses
- $103,314,820
- Assets
- $41,977,245
- Liabilities
- $16,151,597
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- ELLEN SMITH (PRESIDENT AM)
- KIRSTEN KORTH-WHITE (PRESIDENT)
Highest reported compensation
- EDWIN A NESS (DIRECTOR): $2,922,871 total reported compensation
- JAMES SHURLOW (SURGEON): $1,412,734 total reported compensation
- LAURA GLENN (COO): $1,141,163 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Committed to keeping you healthy no matter what life brings.
What it reported doing in 2024
Expenses incurred while providing hospital services to the residents of the crawford county region while fulfilling the hospital's mission to provide healthcare in the community. Munson healthcare grayling had 1,911 inpatient admissions in fiscal year 2025 and over 106,000 outpatient visits. The hospital served more than 3,000 surgical cases, 289 obstetrical births, and over 17,800 emergency room visits. Munson healthcare grayling accepts all patients, regardless of ability to pay. The hospital has 101 active medical staff and 24 volunteers.
Operating model
- Revenue model
- Earned-program. 99% 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 72
- Accountability: 90
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.5%; rating input score 82
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $5.73 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 81.8%; rating input score 82; 29th 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: 3.3%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 82.5% of revenue deployed · 85.3% of spending went to programs
- Governance: 18 of 22 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $88.1M in reported program spending
- Leadership: top reported pay $2.9M · 35 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.3M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 18 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 25/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.