Munson Healthcare

Legal name: Munson Medical Center

Nonprofit profile at a glance

EIN
381362830
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Traverse City, MI, USA
Phone
2319355000
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$861,757,535
Expenses
$815,946,804
Assets
$443,393,381
Liabilities
$107,121,247

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

Leadership & pay

35 people listed

Executive titles in this filing

  • JOE HURSHE (PRESIDENT)
  • ELLEN SMITH (PRESIDENT AM)

Highest reported compensation

  • EDWIN A NESS (DIRECTOR): $2,922,871 total reported compensation
  • GARY RAJAH JR MD (NEUROSURGEON): $1,216,250 total reported compensation
  • LAURA GLENN (MHC SYSTEM C): $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

Munson medical center and its partners will work together to provide superior quality care and promote community health. We work every day to advance and enhance the quality of health and wellness in the communities we serve. Throughout Munson Healthcare, doctors, nurses, technicians, staff, and volunteers focus on providing high quality care and creating a safe environment. We ask: "How can we do this better?" and "What is best for our patients?" If you are ill or injured, your entire healthcare team will work with you toward a single goal – restoring you to good health. Our promise is to provide that care as close to your home as possible. The dedication of everyone at Munson Healthcare has resulted in consistent national recognition for high quality care.

What it reported doing in 2024

Expenses incurred while providing hospital services to the residents of traverse city, mi and the surrounding area while fulfilling the hospital's mission to provide healthcare in the community. Munson medical center serves as a rural referral center for the surrounding 24-county area, with 22,051 inpatient admissions in fiscal year 2025 and over 486,300 outpatient visits. The hospital served more than 15,200 surgical cases, 1,719 obstetrical births, and over 50,500 emergency room visits. Munson medical center accepts all patients, regardless of ability to pay. The hospital has 914 active medical staff.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating 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. The filing reports few safeguards for money sent abroad and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 74
  • Accountability: 84
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: $23.02 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • 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: Scored; rating input score 0
  • Grant itemization coverage: 99.2%; rating input score 99; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 72.7%; rating input score 73; 22nd 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: 5.3%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 80.6% of revenue deployed · 85% of spending went to programs
  • Governance: 16 of 22 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $693.4M in reported program spending
  • Leadership: top reported pay $2.9M · 35 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $28.2M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 20 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.