Northern Michigan Medical Management

Nonprofit profile at a glance

EIN
208458840
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Petoskey, MI, USA
Phone
2314874094
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$19,362
Expenses
$706
Assets
$534,166
Liabilities
$9,454,926

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

Leadership & pay

8 people listed

Executive titles in this filing

  • GARFIELD ATCHISON (CHAIRMAN & PRESIDENT/CEO)

Highest reported compensation

  • GARFIELD ATCHISON (CHAIRMAN & PRESIDENT/CEO): $632,609 total reported compensation
  • JOHN KENNEDY (VP, CMO - PART YEAR): $382,248 total reported compensation
  • MICHAEL PRUSAITIS (TREASURER/VP 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

Provide professional services for the diagnosis and treatment of cardiology, cardiothoracic surgery, neurosurgery and related conditions.

What it reported doing in 2024

Provide professional services for an adult hospitalist and critical care program, along with supporting the petoskey and cheboygan campus emergency departments as part of an integrated health system are now conducted by mclaren northern Michigan.

Operating model

Revenue model
Other-operating. 100% 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

MIXED - Revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 58
  • Accountability: 28
  • Sustainability: 76
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.6%; rating input score 4
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th 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: 96.4%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 756.61; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 17.7; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 26,758.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -13.4% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -11% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -5.5% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 3.6% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $706 in reported program spending
  • Leadership: top reported pay $633K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 54 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: Mission deployment rate scored 4/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.