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Nonprofiteer
← MACKINAC STRAITS HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by MACKINAC STRAITS HEALTH SYSTEM INC.

Totals

Total revenue
$80,377,937
Total expenses
$71,831,353
Contributions and grants received
$5,355,050
Grants paid
$0
Program service revenue
$72,107,984
Investment income
$545,685
Other revenue
$2,369,218
Total assets, end of year
$62,319,791
Total liabilities, end of year
$63,852,298
Net assets or fund balances, end of year
-$1,532,507
Program services expenses (Part IX)
$58,805,855
Management and general expenses
$13,025,498
Fundraising expenses
$0
Program service expenses (Part III)
$58,805,855

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $256,848

  • 1e · Government grants (contributions)

    $4,798,202

  • 1f · All other contributions, gifts and grants

    $300,000

  • 2a · Program service revenue: PATIENT REVENUE

    total $68,992,203 · related or exempt $68,886,816 · excluded $105,387

  • 2b · Program service revenue: 340B REVENUE

    total $2,743,934 · related or exempt $2,743,934

  • 2c · Program service revenue: MOB RENTAL REVENUE

    total $67,920 · related or exempt $32,660 · unrelated business $35,260

  • 2f · All other program service revenue

    total $303,927 · excluded $303,927

  • 3 · Investment income

    total $545,685 · excluded $545,685

  • 11a · Other revenue: TAX LEVY

    total $1,596,275 · related or exempt $1,596,275

  • 11b · Other revenue: LEASED EMPLOYEE INCOME

    total $662,830 · related or exempt $662,830

  • 11c · Other revenue: PHYSICIAN INCENTIVES

    total $110,113 · excluded $110,113

  • 11e · Other revenue, total

    $2,369,218

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,719,996 · program services $1,226,006 · management and general $493,990

  • 7 · Other salaries and wages

    total $21,087,377 · program services $17,239,883 · management and general $3,847,494

  • 8 · Pension plan contributions

    total $2,005,862 · program services $1,425,622 · management and general $580,240

  • 9 · Other employee benefits

    total $5,547,393 · program services $3,943,245 · management and general $1,604,148

  • 10 · Payroll taxes

    total $1,584,649 · program services $1,126,477 · management and general $458,172

  • 11b · Fees: legal

    total $33,639 · program services $185 · management and general $33,454

  • 11c · Fees: accounting

    total $263,808 · management and general $263,808

  • 11g · Fees: other

    total $11,101,073 · program services $8,706,482 · management and general $2,394,591

  • 12 · Advertising and promotion

    total $229,142 · management and general $229,142

  • 13 · Office expenses

    total $182,070 · program services $53,165 · management and general $128,905

  • 16 · Occupancy

    total $1,231,610 · program services $499,914 · management and general $731,696

  • 17 · Travel

    total $84,011 · program services $70,592 · management and general $13,419

  • 19 · Conferences, conventions and meetings

    total $71,153 · program services $51,711 · management and general $19,442

  • 20 · Interest

    total $1,826,471 · program services $1,825,487 · management and general $984

  • 22 · Depreciation, depletion and amortization

    total $3,090,207 · program services $3,090,207

  • 23 · Insurance

    total $300,387 · program services $17,838 · management and general $282,549

  • 24a · Other expenses: PHARMACEUTICALS

    total $10,543,608 · program services $10,543,608

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $6,324,141 · program services $5,059,949 · management and general $1,264,192

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $2,340,815 · program services $2,340,815

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $1,463,008 · program services $1,132,016 · management and general $330,992

  • 24e · All other expenses

    total $800,933 · program services $452,653 · management and general $348,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,777 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $13,909,285 · end of year $16,196,782

  • 4 · Accounts receivable

    beginning of year $9,575,396 · end of year $9,914,989

  • 8 · Inventories for sale or use

    beginning of year $1,845,250 · end of year $2,236,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $380,958 · end of year $389,803

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

    $69,244,625

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

    $35,789,507

  • 10c · Land, buildings and equipment, net

    beginning of year $28,639,924 · end of year $33,455,118

  • 15 · Other assets

    beginning of year $411,408 · end of year $126,574

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,499,512 · end of year $6,100,072

  • 19 · Deferred revenue

    beginning of year $616,452 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $22,515 · end of year $20,758

  • 23 · Secured mortgages and notes payable

    beginning of year $45,859,010 · end of year $44,463,711

  • 25 · Other liabilities

    beginning of year $12,876,365 · end of year $13,267,757

  • 27 · Net assets without donor restrictions

    beginning of year -$10,489,591 · end of year -$3,305,313

  • 28 · Net assets with donor restrictions

    beginning of year $1,468,735 · end of year $1,772,806

Mission and programs · 2023

Mission

PROVIDING QUALITY HEALTHCARE TO THE FAMILIES AND COMMUNITIES WE SERVE.

Activities or mission (Part I)

MACKINAC STRAITS HEALTH SYSTEM WILL BE A DESTINATION HEALTH SYSTEM, DELIVERING THE BEST CARE AND INVESTING IN COMMUNITY WELLNESS.

  • MACKINAC STRAITS HEALTH SYSTEM INC. OPERATES A 15-BED ACUTE CARE FACILITY, A 48-BED LONG-TERM CARE UNIT, AND SEVERAL PHYSICIAN CLINICS IN MACKINAC COUNTY, MICHIGAN. THE HEALTH SYSTEM PROVIDES COMPREHENSIVE INPATIENT, OUTPATIENT, EMERGENCY, AND PHYSICIAN SERVICES TO THE RESIDENTS OF MACKINAC COUNTY AND THE SURROUNDING AREAS.

    Expenses $58,805,855 · Revenue $73,922,515

As filed on the 2023 return.

Listed in Part VII

  • Susan Strich

    CHIEF OF STAFF

    Total calculated
    $473,955
    From this org
    $411,696
    From related orgs
    $0
    Other
    $62,259
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $400,172
    Bonus
    $0
    Other
    $11,524
    Deferred
    $35,871
    Nontaxable benefits
    $26,388
    Filer's total
    $473,955

  • Karen Cheeseman

    CEO

    Total calculated
    $337,727
    From this org
    $280,861
    From related orgs
    $0
    Other
    $56,866
    Hours/week
    40 + 2.7 related

    Schedule J breakdown matched by us

    Base
    $277,357
    Bonus
    $0
    Other
    $3,504
    Deferred
    $30,478
    Nontaxable benefits
    $26,388
    Filer's total
    $337,727

  • Loretta Leja

    CHIEF OF STAFF - POST & PHYSICIAN

    Total calculated
    $320,509
    From this org
    $281,719
    From related orgs
    $0
    Other
    $38,790
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $270,535
    Bonus
    $0
    Other
    $11,184
    Deferred
    $29,570
    Nontaxable benefits
    $9,220
    Filer's total
    $320,509

  • Lene Heinlen

    CHIEF OF STAFF - ELECT & PHYSICIAN

    Total calculated
    $296,537
    From this org
    $243,366
    From related orgs
    $0
    Other
    $53,171
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $243,366
    Bonus
    $0
    Other
    $0
    Deferred
    $26,783
    Nontaxable benefits
    $26,388
    Filer's total
    $296,537

  • Steve Autore

    CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 2.7 related

  • Patrick Shannon

    VICE CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James North

    TREASURER OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 3.7 related

  • Margaret Doud

    SECRETARY OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 3.7 related

  • Prentiss Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.7 related

  • Bryan Cross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.7 related

  • Christine McPherson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rd Musser III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lydia Watson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.7 related

  • Jason Anderson

    CFO

    Total calculated
    $157,149
    From this org
    $117,644
    From related orgs
    $0
    Other
    $39,505
    Hours/week
    40 + 2.7 related

    Schedule J breakdown matched by us

    Base
    $111,015
    Bonus
    $0
    Other
    $6,629
    Deferred
    $13,117
    Nontaxable benefits
    $26,388
    Filer's total
    $157,149

  • Ryan Speas

    CFO (THRU SEP 2023)

    Total calculated
    $134,121
    From this org
    $123,824
    From related orgs
    $0
    Other
    $10,297
    Hours/week
    40 + 2.7 related

  • Matthew Bowes

    PHYSICIAN

    Total calculated
    $466,028
    From this org
    $401,029
    From related orgs
    $0
    Other
    $64,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,029
    Bonus
    $0
    Other
    $0
    Deferred
    $35,871
    Nontaxable benefits
    $29,128
    Filer's total
    $466,028

  • Amy Bolmer

    PHYSICIAN

    Total calculated
    $392,877
    From this org
    $347,420
    From related orgs
    $0
    Other
    $45,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,236
    Bonus
    $0
    Other
    $11,184
    Deferred
    $35,871
    Nontaxable benefits
    $9,586
    Filer's total
    $392,877

  • Gregory Hessler

    PHYSICIAN

    Total calculated
    $361,395
    From this org
    $304,830
    From related orgs
    $0
    Other
    $56,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,062
    Bonus
    $0
    Other
    $6,768
    Deferred
    $32,968
    Nontaxable benefits
    $23,597
    Filer's total
    $361,395

  • Robert Sharon

    PHYSICIAN

    Total calculated
    $340,644
    From this org
    $297,620
    From related orgs
    $0
    Other
    $43,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,620
    Bonus
    $0
    Other
    $0
    Deferred
    $22,277
    Nontaxable benefits
    $20,747
    Filer's total
    $340,644

  • Angela Desantis

    PHYSICIAN

    Total calculated
    $322,341
    From this org
    $300,000
    From related orgs
    $0
    Other
    $22,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $22,341
    Nontaxable benefits
    $0
    Filer's total
    $322,341

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • STRAITS AREA PHARMACY INC

    C · RETAIL PHARMACY · MI · 100% owned · share of income $1,399,555 · share of assets $1,782,086 · controlled entity

    Directly controlled by MACKINAC STRAITS HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202530439349301028

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