Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $519,869

• 2a · Program service revenue: PHYSICIAN SUBSIDY INCOME

  total $122,492,090 · related or exempt $122,492,090

• 2b · Program service revenue: MEDICARE/MEDICAID PAYMENTS

  total $22,050,948 · related or exempt $22,050,948

• 2c · Program service revenue: SUBSIDIARY RELATED INCOME

  total $16,277,379 · related or exempt $16,277,379

• 2d · Program service revenue: NET PATIENT REVENUE

  total $11,359,580 · related or exempt $11,359,580

• 3 · Investment income

  total $22,763 · excluded $22,763

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

  other assets $3,096

• 7c · Gain or loss

  other assets -$3,096

• 7d · Net gain or loss

  total -$3,096 · related or exempt -$3,096

• 11a · Other revenue: SNAF PAYMENTS

  total $4,143,935 · related or exempt $4,143,935

• 11b · Other revenue: INCENTIVE REVENUE

  total $1,280,345 · related or exempt $1,280,345

• 11c · Other revenue: OUTSIDE INCOME

  total $249,548 · related or exempt $249,548

• 11e · Other revenue, total

  $5,673,828

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $6,355,824 · program services $4,449,077 · management and general $1,906,747

• 7 · Other salaries and wages

  total $124,281,024 · program services $117,424,845 · management and general $6,856,179

• 8 · Pension plan contributions

  total $4,903,904 · program services $4,903,904

• 9 · Other employee benefits

  total $8,408,643 · program services $7,427,026 · management and general $981,617

• 10 · Payroll taxes

  total $6,161,971 · program services $5,779,426 · management and general $382,545

• 11b · Fees: legal

  total $500 · management and general $500

• 11g · Fees: other

  total $7,280,949 · program services $3,023,898 · management and general $4,257,051

• 12 · Advertising and promotion

  total $23,050 · program services $20,237 · management and general $2,813

• 13 · Office expenses

  total $4,530,720 · program services $4,530,720

• 14 · Information technology

  total $75,204 · program services $68,969 · management and general $6,235

• 16 · Occupancy

  total $425,233 · program services $425,233

• 17 · Travel

  total $282,866 · program services $207,708 · management and general $75,158

• 19 · Conferences, conventions and meetings

  total $800,232 · program services $779,477 · management and general $20,755

• 22 · Depreciation, depletion and amortization

  total $252,956 · program services $231,914 · management and general $21,042

• 23 · Insurance

  total $1,889,054 · program services $937,004 · management and general $952,050

• 24a · Other expenses: CONTRACT LABOR

  total $12,385,057 · program services $12,385,057

• 24b · Other expenses: OPERATING LEASE EXPENSE

  total $263,948 · program services $263,948

• 24c · Other expenses: ASSOCIATION DUES

  total $1,098 · management and general $1,098

• 24d · Other expenses: LICENSES & PERMITS

  total $50 · program services $50

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,590 · end of year $8,525

• 2 · Savings and temporary cash investments

  beginning of year $5,521,481 · end of year $2,759,559

• 4 · Accounts receivable

  beginning of year $2,217,627 · end of year $1,865,281

• 9 · Prepaid expenses and deferred charges

  beginning of year $830,713 · end of year $1,332,125

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

  $3,486,733

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

  $1,552,925

• 10c · Land, buildings and equipment, net

  beginning of year $2,052,449 · end of year $1,933,808

• 17 · Accounts payable and accrued expenses

  beginning of year $15,982,775 · end of year $13,811,917

• 19 · Deferred revenue

  beginning of year $575,618

• 25 · Other liabilities

  beginning of year $1,921,954 · end of year $1,865,790

• 27 · Net assets without donor restrictions

  beginning of year -$7,849,487 · end of year -$7,778,409

The filer's explanations (Part III)

PART I, LINE 1A

THE FOLLOWING PERSONS LISTED IN PART VII, SECTION A, RECEIVED PAYMENT OF THE MONTHLY SOCIAL COUNTRY CLUB DUES WHICH APPROXIMATES $196 PER MONTH. MYMICHIGAN HEALTH HAS TAKEN A CONSERVATIVE POSTURE WITH RESPECT TO ALL PERQUISITES AND ALL PERQUISITES MUST BE JUSTIFIED BY BUSINESS NEED. AMOUNTS RELATED TO THE NON-BUSINESS USE ARE TREATED AS TAXABLE INCOME. BERG, MD, PAUL CHIEF MEDICAL OFFICER

PART I, LINE 4B

ROGERS, ROSE, AND BERG ARE PARTICIPANTS IN A 457(F) PLAN. ROGERS AND BERG RECEIVED A PAYMENT IN 2022 WHICH IS REFLECTED ON SCHEDULE J, PART II, COLUMN F. THE SERP IS UNFUNDED AND BEGAN ON JANUARY 1, 2009. THE CURRENT PARTICIPANTS OF THE PLAN ARE THE MEMBERS OF THE SENIOR LEADERSHIP OR EXECUTIVE TEAM. EACH PARTICIPANT'S ANNUAL AWARD IS BASED ON THEIR POSITION LEVEL AND IS A PERCENTAGE OF BASE SALARY ON DECEMBER 31 OF THE PLAN YEAR. THE PLAN PROVIDES ADDITIONAL RETIREMENT INCOME WHICH OTHERWISE WOULD BE PROVIDED UNDER THE PENSION PLAN AND 403(B) PLAN, BUT FOR LIMITATIONS ON SUCH BENEFITS REQUIRED BY FEDERAL LAW. A PARTICIPANT'S ACCOUNT SHALL BE 100% VESTED IF THE PARTICIPANT IS EMPLOYED BY MYMICHIGAN HEALTH ON THE DATE THE FIRST OF THE FOLLOWING VESTING EVENTS OCCUR: ATTAINMENT OF NORMAL RETIREMENT AGE; DEATH; TERMINATION OF EMPLOYMENT BECAUSE OF TOTAL DISABILITY; OR, ON THE THREE-YEAR ANNIVERSARY OF THEIR PARTICIPATION DATE.

PART I, LINE 7

MYMICHIGAN HEALTH'S COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NONFIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE, VARIABLE, BENEFITS, AND PERQUISITES) ARE COMPARED TO MARKET AND ARE DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW BY AN INDEPENDENT CONSULTANT, SULLIVAN COTTER, TO ENSURE THAT TOTAL COMPENSATION REMAINS WITHIN ACCEPTABLE GUIDELINES. THE COMPENSATION COMMITTEE, WHO IS AUTHORIZED TO ACT ON BEHALF OF THE MYMICHIGAN HEALTH BOARD OF DIRECTORS, APPROVED COMPENSATION FOR THE MYMICHIGAN HEALTH CEO, SENIOR EXECUTIVES AND PHYSICIANS. SULLIVAN COTTER ANNUALLY CONDUCTS A COMPREHENSIVE ASSESSMENT OF EXECUTIVE COMPENSATION. PHYSICIAN COMPENSATION OFFERS EXCEEDING THE 90TH PERCENTILE MUST BE APPROVED BY THE COMPENSATION COMMITTEE.

PART III

MYMICHIGAN HEALTH'S COMPENSATION COMMITTEE CHARTER IS APPROVED ANNUALLY BY THE COMMITTEE AND BOARD AS WERE THE EXECUTIVE COMPENSATION PHILOSOPHY AND STRATEGY. MYMICHIGAN HEALTH ALSO CONTINUES TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST WITH THE GOVERNANCE PROCESS AND TO REVIEW AND REPORT ON ALL SYSTEM LEVEL EXECUTIVES. HOSPITAL LEVEL EXECUTIVES AND SELECTED OTHER EXECUTIVES. MYMICHIGAN HEALTH HAS TAKEN A CONSERVATIVE POSTURE WITH RESPECT TO ALL PERQUISITES AND ALL PERQUISITES MUST BE JUSTIFIED BY BUSINESS NEED. MYMICHIGAN HEALTH TARGETS THE BASE SALARY OF ITS EXECUTIVES WITHIN A MARKET COMPETITIVE SALARY RANGE WITH A MIDPOINT APPROXIMATELY EQUAL TO THE 50TH PERCENTILE OF THE BASE SALARY MARKET DATA. MARKET DATA IS OBTAINED NATIONALLY FROM HEALTH SYSTEMS, HOSPITALS AND ORGANIZATIONS OF COMPARABLE SIZE BY SULLIVAN COTTER, AN INDEPENDENT CONSULTANT. NET OPERATING REVENUE IS THE CRITICAL FACTOR UTILIZED TO DETERMINE COMPARABILITY.

Related partnerships

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

• MYMICHIGAN HEALTH PAIN MANAGEMENT

  HEALTHCARE PAIN MANAGEMENT · MI

• ISOMM

  MRI SERVICES · MI