Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $22,856

• 1f · All other contributions, gifts and grants

  $988,142

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $359,761 · excluded $359,761

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $224,207

• 8a · Fundraising events: contributions included on line 1c

  $22,856

• 8b · Fundraising events: direct expenses

  $148,983

• 8c · Net income from fundraising events

  total $75,224 · excluded $75,224

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $524,822 · program services $524,822

• 11g · Fees: other

  total $121,194 · program services $0 · management and general $121,194 · fundraising $0

• 13 · Office expenses

  total $24,398 · management and general $24,398

• 16 · Occupancy

  total $33,984 · fundraising $33,984

• 22 · Depreciation, depletion and amortization

  total $154 · management and general $154

• 24a · Other expenses: EXPENSE REIMBURSEMENT

  total $55,726 · management and general $55,726

• 24b · Other expenses: POSTAGE

  total $2,700 · management and general $2,700

• 24c · Other expenses: SUPPLIES

  total $1,063 · management and general $1,063

• 24d · Other expenses: FOOD

  total $978 · management and general $978

• 24e · All other expenses

  total $31,745 · program services $0 · management and general $31,745 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $943,191 · end of year $1,185,934

• 3 · Pledges and grants receivable

  beginning of year $2,724,180 · end of year $2,724,180

• 4 · Accounts receivable

  beginning of year $71,671 · end of year $70,720

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $33,773

• 10b · Land, buildings and equipment: accumulated depreciation

  $33,760

• 10c · Land, buildings and equipment, net

  beginning of year $167 · end of year $13

• 11 · Investments: publicly traded securities

  beginning of year $6,790,738 · end of year $7,661,375

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year -$2,108 · end of year -$2,108

• 19 · Deferred revenue

  beginning of year $180,647 · end of year $109,805

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $5,088,088 · end of year $6,045,488

• 28 · Net assets with donor restrictions

  beginning of year $5,263,320 · end of year $5,489,037

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

MCLAREN MAINTAINS TWO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES (THE "SERPS"). THE OLD SERP WAS CLOSED TO NEW PARTICIPANTS ON OCTOBER 1, 2006, AND THE NEW SERP BECAME EFFECTIVE AS OF JANUARY 1, 2007. NO EMPLOYEE MAY PARTICIPATE IN BOTH OF THE SERPS. THE OLD SERP IS STRUCTURED AS A DEFINED BENEFIT PLAN THAT ESSENTIALLY REPLACES THE BENEFITS THE PARTICIPANT IS NOT PERMITTED TO RECEIVE UNDER MCLAREN'S QUALIFIED RETIREMENT PLAN DUE TO IRS LIMITATIONS APPLICABLE TO QUALIFIED PLANS. THE BENEFIT UNDER THE OLD SERP IS PAYABLE IN EITHER THE FORM OF A LUMP SUM DISTRIBUTION OR IN MONTHLY PAYMENTS EQUAL TO THE ACTUARIAL EQUIVALENT OF THE PARTICIPANT'S ACCRUED BENEFIT. THE BENEFIT IS PAID AT AGE 55, AND IF THE PARTICIPANT REMAINS EMPLOYED, THE BENEFIT IS PAID UPON TERMINATION OF EMPLOYMENT, REDUCED TO TAKE INTO ACCOUNT THE BENEFIT PREVIOUSLY PAID. THE NEW SERP IS STRUCTURED AS A DEFINED CONTRIBUTION PLAN, AND MCLAREN CONTRIBUTES 15 PERCENT OF EACH PARTICIPANT'S COMPENSATION TO THE PLAN EACH YEAR FOR ALLOCATION TO THE PARTICIPANT'S ACCOUNT. PARTICIPANTS IN THE NEW SERP BECOME VESTED IN THEIR ACCOUNTS UPON THE EARLIER OF FIVE YEARS OF PARTICIPATION IN THE PLAN OR ATTAINMENT OF AGE 60. PARTICIPANTS IN THE NEW SERP SELF-DIRECT THE INVESTMENT OF THEIR ACCOUNTS AND HAVE THE ACTUAL INVESTMENT RETURN CREDITED OR DEBITED TO THEIR ACCOUNTS. THE BENEFIT UNDER THE NEW SERP IS EQUAL TO THE PARTICIPANT'S ACCOUNT BALANCE, AND THE BENEFIT IS PAID IN A SINGLE SUM WITHIN 60 DAYS OF THE PARTICIPANT'S TERMINATION DATE. BENEFITS UNDER BOTH SERPS ARE PROVIDED ON A TAX-NEUTRAL BASIS. BOTH SERPS ARE DESIGNED TO COMPLY WITH INTERNAL REVENUE CODE SECTIONS 457(F) AND 409A.

SCHEDULE J, PART I, LINE 1A

THE CEO/EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 1 BOXES HAVE BEEN CHECKED. THE CORPORATE CEO, SUBSIDIARY CEOS AND CORPORATE EXECUTIVE & SENIOR VICE-PRESIDENTS IN SOME INSTANCES HAVE RECEIVED TAX INDEMNIFICATION FOR THE FOLLOWING BENEFITS: VEHICLE COSTS, GROUP TERM LIFE INSURANCE, SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS, AND HEALTH CLUB OR SOCIAL DUES. THESE BENEFITS HAVE BEEN INCLUDED IN TAXABLE COMPENSATION.

SCHEDULE J, PART I, LINE 3

THE CEO/EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

SCHEDULE J, PART I, LINE 7

MCLAREN HEALTH CARE (MHC) HAS A LEADERSHIP INCENTIVE PROGRAM FOR LEADERS OF THE CORPORATION, SUBSIDIARY EXECUTIVES AND DIRECTORS, MANAGERS AND SUPERVISORS. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ORGANIZATION'S ABILITY TO ACHIEVE ITS GOALS BY PROVIDING TOP OFFICIALS AND THE BOARD OF DIRECTORS WITH A TOOL FOR (A) CLEARLY COMMUNICATING PERFORMANCE ON THE PART OF KEY LEADERS, (B) STIMULATING AND REWARDING SUPERIOR LEVELS OF PERFORMANCE ON THE PART OF KEY LEADERS WHICH WILL ULTIMATELY BENEFIT THE COMMUNITIES MHC SERVES, AND (C) PROTECTING MHC'S ABILITY TO COMPETE WITH OTHER EMPLOYERS FOR HIGH-TALENT LEADERS.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MCLAREN - NORTHERN EQUITIES CANCER CENTER PROJECT LLC

  N/A · RENTAL REAL ESTATE · MI · general or managing partner

  Directly controlled by NA

• MOUNT CLEMENS REGIONAL HEALTH BUILDING HEALTH PARTNERS

  N/A · BUILDING MANAGEMENT · MI · general or managing partner

  Directly controlled by NA

• CLARKSTON ASC PARTNERS LLC

  N/A · SURGERY CENTER · MI · general or managing partner

  Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CLARKSTON PROPERTY ASSOCIATES

  C CORPORATION · REAL ESTATE · MI · controlled entity

  Directly controlled by NA

• HEALTH ADVANTAGE INC

  C CORPORATION · INSURANCE · MI · controlled entity

  Directly controlled by NA

• MCLAREN INSURANCE COMPANY LTD

  C CORPORATION · INSURANCE · CJ · controlled entity

  Directly controlled by NA

• MID-MICHIGAN PHYSICIANS PC

  C CORPORATION · PHYSICIAN PRACTICE · MI · controlled entity

  Directly controlled by NA

• MCLAREN PHYSICIAN PARTNERS

  C CORPORATION · MANAGED CARE · MI · controlled entity

  Directly controlled by NA

• HURON CLINIC CONDOMINIUMS OWNERS

  C CORPORATION · VARIOUS HEALTHCARE ACTIVITIES · MI · controlled entity

  Directly controlled by NA