Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HEALTH SYSTEM SERVICE REVENUE

  total $376,156,314 · related or exempt $376,156,314

• 2b · Program service revenue: RENTAL TO AFFILIATED EXEMPT ORG

  total $6,528,352 · related or exempt $6,528,352

• 2c · Program service revenue: RELATED JV INCOME

  total $2,343,562 · related or exempt $2,343,562

• 2f · All other program service revenue

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

• 3 · Investment income

  total $15,886,519 · unrelated business $521,308 · excluded $15,365,211

• 6a · Gross rents

  real property $177,717 · personal property $971,226

• 6b · Less rental expenses

  real property $109,268 · personal property $679,068

• 6c · Rental income or loss

  real property $68,449 · personal property $292,158

• 6d · Net rental income or loss

  total $360,607 · excluded $360,607

• 7a · Gross sales of assets other than inventory

  other assets $0

• 7b · Less cost or other basis and sales expenses

  other assets $500,066

• 7c · Gain or loss

  securities $0 · other assets -$500,066

• 7d · Net gain or loss

  total -$500,066 · excluded -$500,066

• 11a · Other revenue: PATIENT CLINICAL TRIALS

  total $1,737,128 · related or exempt $1,737,128

• 11b · Other revenue: JV INCOME

  total $658,416 · excluded $658,416

• 11c · Other revenue: CAFETERIA INCOME

  total $68,797 · excluded $68,797

• 11d · All other revenue

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

• 11e · Other revenue, total

  $2,464,341

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $30,769,123 · program services $30,769,123

• 7 · Other salaries and wages

  total $124,294,168 · program services $124,294,168

• 8 · Pension plan contributions

  total $9,226,466 · program services $9,226,466

• 9 · Other employee benefits

  total $15,007,538 · program services $15,007,538

• 10 · Payroll taxes

  total $8,820,734 · program services $8,820,734

• 11a · Fees: management

  total $1,974,074 · management and general $1,974,074

• 11b · Fees: legal

  total $3,713,574 · management and general $3,713,574

• 11c · Fees: accounting

  total $437,922 · management and general $437,922

• 11d · Fees: lobbying

  total $471,896 · program services $471,896

• 11g · Fees: other

  total $44,148,189 · program services $31,457,657 · management and general $12,690,532 · fundraising $0

• 12 · Advertising and promotion

  total $7,716,391 · program services $7,716,391

• 13 · Office expenses

  total $1,487,422 · management and general $1,487,422

• 14 · Information technology

  total $99,372,996 · program services $93,638,337 · management and general $5,734,659

• 16 · Occupancy

  total $4,316,495 · management and general $4,316,495

• 17 · Travel

  total $987,402 · management and general $987,402

• 19 · Conferences, conventions and meetings

  total $191,324 · management and general $191,324

• 20 · Interest

  total $4,509,135 · management and general $4,509,135

• 22 · Depreciation, depletion and amortization

  total $24,068,391 · program services $22,414,096 · management and general $1,654,295

• 23 · Insurance

  total $667,973 · management and general $667,973

• 24a · Other expenses: MEDICARE SHARED SAVINGS PROGRAM

  total $3,075,635 · program services $3,075,635

• 24b · Other expenses: RECRUITING

  total $708,976 · program services $708,976

• 24c · Other expenses: DUES & MEMBERSHIPS

  total $513,301 · management and general $513,301

• 24d · Other expenses: FREIGHT

  total $57,473 · program services $57,473

• 24e · All other expenses

  total $972,835 · program services $738,286 · management and general $234,549 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $503,283 · end of year $2,753,644

• 2 · Savings and temporary cash investments

  end of year $8,109,462

• 4 · Accounts receivable

  beginning of year $302,457,792 · end of year $280,128,481

• 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

• 8 · Inventories for sale or use

  beginning of year $507,405 · end of year $507,405

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,052,766 · end of year $25,949,816

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

  $400,246,856

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

  $226,472,682

• 10c · Land, buildings and equipment, net

  beginning of year $163,093,585 · end of year $173,774,174

• 11 · Investments: publicly traded securities

  beginning of year $260,323,960 · end of year $290,488,500

• 12 · Investments: other securities

  beginning of year $43,887,597 · end of year $101,339,045

• 13 · Investments: program-related

  beginning of year $34,249,149 · end of year $34,249,149

• 15 · Other assets

  beginning of year $33,424,671 · end of year $34,434,381

• 17 · Accounts payable and accrued expenses

  beginning of year $170,084,967 · end of year $176,417,024

• 20 · Tax-exempt bond liabilities

  beginning of year $107,212,824 · end of year $106,419,490

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $275,094,029 · end of year $274,933,806

• 25 · Other liabilities

  beginning of year $304,802,317 · end of year $374,979,036

• 27 · Net assets without donor restrictions

  beginning of year -$1,430,671 · end of year $10,879,799

• 28 · Net assets with donor restrictions

  beginning of year $6,736,742 · end of year $8,104,902

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL

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 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 7 NON-FIXED PAYMENTS

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MCLAREN HIGH PERFORMANCE NETWORK LLC

  ACO · MI · income $4,047,041 · assets $8,383,046

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

• MICHIGAN MOBILE PET LLC

  HEALTH CARE SERVICES · MI · income $4,882,426 · assets $18,588,313

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

Related partnerships

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

• MCLAREN - NORTHERN EQUITIES CANCER CENTER PROJECT LLC

  UNRELATED · RENTAL REAL ESTATE · MI · share of income $683,533 · share of assets $5,255,017 · general or managing partner

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

• MOUNT CLEMENS REGIONAL HEALTH BUILDING HEALTH PARTNERS

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

  Directly controlled by NA

• CLARKSTON ASC PARTNERS LLC

  UNRELATED · SURGERY CENTER · MI · share of income $1,843,174 · share of assets $1,637,031 · general or managing partner

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

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 · share of income $839,789 · share of assets $106,060,850 · controlled entity

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

• MID-MICHIGAN PHYSICIANS PC

  C CORPORATION · PHYSICIAN PRACTICE · MI · controlled entity

  Directly controlled by NA

• MCLAREN PHYSICIAN PARTNERS

  C CORPORATION · MANAGED CARE · MI · share of income $4,177,135 · share of assets $6,150,096 · controlled entity

  Directly controlled by MCLAREN HEALTH CARE CORPORATION

• HURON CLINIC CONDOMINIUMS OWNERS

  C CORPORATION · VARIOUS HEALTHCARE ACTIVITIES · MI · controlled entity

  Directly controlled by NA