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Nonprofiteer
← SAGINAW COOPERATIVE HOSPITALS INC

Form 990 for tax year 2023

Filed by SAGINAW COOPERATIVE HOSPITALS INC.

Totals

Total revenue
$57,799,110
Total expenses
$59,283,114
Contributions and grants received
$200,383
Grants paid
$0
Program service revenue
$57,366,403
Investment income
$232,324
Other revenue
$0
Total assets, end of year
$25,554,026
Total liabilities, end of year
$16,998,377
Net assets or fund balances, end of year
$8,555,649
Program services expenses (Part IX)
$54,978,315
Management and general expenses
$4,304,799
Fundraising expenses
$0
Program service expenses (Part III)
$54,978,315

Program services were 92.7% 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.

  • 1f · All other contributions, gifts and grants

    $200,383

  • 2a · Program service revenue: GME REVENUE

    total $21,112,553 · related or exempt $21,112,553

  • 2b · Program service revenue: PATIENT SERVICES

    total $19,508,494 · related or exempt $19,508,494

  • 2c · Program service revenue: CONTRACTED SERVICES

    total $16,396,431 · related or exempt $16,396,431

  • 2d · Program service revenue: MISCELLANEOUS SERVICES

    total $348,925 · related or exempt $348,925

  • 3 · Investment income

    total $158,466 · excluded $158,466

  • 7a · Gross sales of assets other than inventory

    securities $1,053,450

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

    securities $979,592

  • 7c · Gain or loss

    securities $73,858

  • 7d · Net gain or loss

    total $73,858 · excluded $73,858

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $842,132 · management and general $842,132

  • 7 · Other salaries and wages

    total $41,147,739 · program services $39,419,658 · management and general $1,728,081

  • 9 · Other employee benefits

    total $4,591,587 · program services $4,199,924 · management and general $391,663

  • 10 · Payroll taxes

    total $2,410,646 · program services $2,279,592 · management and general $131,054

  • 11b · Fees: legal

    total $43,666 · program services $20 · management and general $43,646

  • 11c · Fees: accounting

    total $72,840 · management and general $72,840

  • 11f · Fees: investment management

    total $49,156 · management and general $49,156

  • 11g · Fees: other

    total $1,931,929 · program services $1,849,038 · management and general $82,891

  • 13 · Office expenses

    total $92,497 · program services $90,909 · management and general $1,588

  • 16 · Occupancy

    total $1,401,938 · program services $1,325,534 · management and general $76,404

  • 17 · Travel

    total $10,685 · program services $8,253 · management and general $2,432

  • 19 · Conferences, conventions and meetings

    total $674,762 · program services $647,492 · management and general $27,270

  • 22 · Depreciation, depletion and amortization

    total $583,336 · program services $145,857 · management and general $437,479

  • 23 · Insurance

    total $1,625,584 · program services $1,540,313 · management and general $85,271

  • 24a · Other expenses: CLINICAL SUPPLIES

    total $1,143,287 · program services $1,123,663 · management and general $19,624

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $623,944 · program services $623,944

  • 24c · Other expenses: EDUCATIONAL SUPPLIES & SV

    total $462,854 · program services $410,142 · management and general $52,712

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $455,159 · program services $310,066 · management and general $145,093

  • 24e · All other expenses

    total $1,119,373 · program services $1,003,910 · management and general $115,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,533,305 · end of year $1,225,099

  • 2 · Savings and temporary cash investments

    beginning of year $1,277,692 · end of year $1,271,261

  • 4 · Accounts receivable

    beginning of year $3,129,464 · end of year $3,059,274

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,329,011 · end of year $1,120,844

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

    $8,688,870

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

    $5,799,132

  • 10c · Land, buildings and equipment, net

    beginning of year $3,037,737 · end of year $2,889,738

  • 11 · Investments: publicly traded securities

    beginning of year $8,976,686 · end of year $10,648,447

  • 14 · Intangible assets

    beginning of year $5,587,865 · end of year $5,325,823

  • 15 · Other assets

    beginning of year $13,540 · end of year $13,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,851,100 · end of year $4,786,008

  • 19 · Deferred revenue

    beginning of year $1,730,100 · end of year $434,859

  • 25 · Other liabilities

    beginning of year $10,879,213 · end of year $11,777,510

  • 27 · Net assets without donor restrictions

    beginning of year $9,424,887 · end of year $8,555,649

Mission and programs · 2023

Mission

THE PURPOSE OF THE CORPORATION IS TO INTEGRATE MEDICAL EDUCATION, RESEARCH, AND PROFESSIONAL SERVICES FOR THE TRAINING OF MEDICAL LEARNERS (RESIDENTS, STUDENTS, AND HEALTHCARE PERSONNEL).

  • MEDICAL EDUCATION - TO PROVIDE MEDICAL LEARNERS AND RESIDENTS WITH A DIVERSE LEARNING EXPERIENCE IN THE MEDICAL FIELD AND PROVIDE FURTHER EDUCATION AND TRAINING.

    Expenses $54,978,315 · Revenue $57,366,403

As filed on the 2023 return.

Listed in Part VII

  • Maher Ghanem

    PHYSICIAN

    Total calculated
    $903,295
    From this org
    $865,553
    From related orgs
    $0
    Other
    $37,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,000
    Bonus
    $365,553
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    $25,542
    Filer's total
    $903,295

  • Samuel Shaheen MD

    PRESIDENT &

    Total calculated
    $842,132
    From this org
    $812,500
    From related orgs
    $0
    Other
    $29,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $650,000
    Bonus
    $162,500
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    $17,432
    Filer's total
    $842,132

  • Wael Solh

    PHYSICIAN

    Total calculated
    $803,524
    From this org
    $765,542
    From related orgs
    $0
    Other
    $37,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $525,000
    Bonus
    $240,542
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    $25,782
    Filer's total
    $803,524

  • Akram Alashari

    PHYSICIAN

    Total calculated
    $501,392
    From this org
    $466,662
    From related orgs
    $0
    Other
    $34,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,962
    Bonus
    $55,700
    Other
    not reported
    Deferred
    $9,368
    Nontaxable benefits
    $25,362
    Filer's total
    $501,392

  • Yong Yoon

    PHYSICIAN

    Total calculated
    $494,548
    From this org
    $473,225
    From related orgs
    $0
    Other
    $21,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $409,000
    Bonus
    $64,225
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    $9,123
    Filer's total
    $494,548

  • Omar Marar

    PHYSICIAN

    Total calculated
    $483,805
    From this org
    $462,070
    From related orgs
    $0
    Other
    $21,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,000
    Bonus
    $52,070
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    $9,535
    Filer's total
    $483,805

  • Beth Charlton

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Joann Crary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Davies

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Hill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jordan Jeon

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brenda Coughlin MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas Apple MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Kikano MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Matthew Deibel MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Don Sheets

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Webster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Independent compensation consultant
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531339349302613

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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