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Nonprofiteer
← MYMICHIGAN MEDICAL CENTER TAWAS FOUNDATION

Form 990 for tax year 2024

Filed by MYMICHIGAN MEDICAL CENTER TAWAS FOUNDATION.

Totals

Total revenue
$546,057
Total expenses
$237,297
Contributions and grants received
$270,146
Grants paid
$233,731
Program services expenses (Part IX)
$233,731
Management and general expenses
$3,566
Fundraising expenses
$0
Program service expenses (Part III)
$233,731

Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WATSON PINNEY MD LYDIA

    DIRECTOR (PART YEAR)

    Total calculated
    $2,106,820
    From this org
    $0
    From related orgs
    $1,733,827
    Other
    $372,993
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,139,315 related
    Bonus
    $0 + $577,529 related
    Other
    $0 + $16,983 related
    Deferred
    $0 + $350,032 related
    Nontaxable benefits
    $0 + $22,961 related
    Filer's total
    $0 + $2,106,820 related

  • ROSE MICHAEL

    SR VP, CFO & TREASURER (PART YEAR)

    Total calculated
    $1,183,179
    From this org
    $0
    From related orgs
    $1,032,806
    Other
    $150,373
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $618,147 related
    Bonus
    $0 + $227,830 related
    Other
    $0 + $186,829 related
    Deferred
    $0 + $121,651 related
    Nontaxable benefits
    $0 + $28,722 related
    Filer's total
    $0 + $1,183,179 related

  • MCCULLOGH MICHAEL

    CFO, MINISTRY MARKET (PART YEAR)

    Total calculated
    $1,146,026
    From this org
    $0
    From related orgs
    $1,099,580
    Other
    $46,446
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,527 related
    Bonus
    $0 + $510,500 related
    Other
    $0 + $100,553 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $27,471 related
    Filer's total
    $0 + $1,146,026 related

  • JEON JORDAN

    DIRECTOR (PART YEAR)

    Total calculated
    $801,312
    From this org
    $0
    From related orgs
    $778,249
    Other
    $23,063
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,017 related
    Bonus
    $0 + $303,691 related
    Other
    $0 + $187,541 related
    Deferred
    $0 + $7,792 related
    Nontaxable benefits
    $0 + $15,271 related
    Filer's total
    $0 + $801,312 related

  • ERICKSON MICHAEL

    DIRECTOR (PART YEAR)

    Total calculated
    $658,622
    From this org
    $0
    From related orgs
    $568,097
    Other
    $90,525
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,167 related
    Bonus
    $0 + $143,653 related
    Other
    $0 + $13,277 related
    Deferred
    $0 + $62,248 related
    Nontaxable benefits
    $0 + $28,277 related
    Filer's total
    $0 + $658,622 related

  • HAYWOOD NANCY

    TREASURER (PART YEAR)

    Total calculated
    $616,063
    From this org
    $0
    From related orgs
    $566,991
    Other
    $49,072
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,451 related
    Bonus
    $0 + $166,281 related
    Other
    $0 + $88,259 related
    Deferred
    $0 + $22,067 related
    Nontaxable benefits
    $0 + $27,005 related
    Filer's total
    $0 + $616,063 related

  • GOODWIN PETER

    GENERAL COUNSEL & SECRETARY (PART YEAR)

    Total calculated
    $357,212
    From this org
    $0
    From related orgs
    $340,860
    Other
    $16,352
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,530 related
    Bonus
    $0 + $92,652 related
    Other
    $0 + $2,678 related
    Deferred
    $0 + $15,161 related
    Nontaxable benefits
    $0 + $1,191 related
    Filer's total
    $0 + $357,212 related

  • GOICK SADDLER ROSE

    DIRECTOR (PART YEAR)

    Total calculated
    $281,418
    From this org
    $0
    From related orgs
    $249,008
    Other
    $32,410
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,884 related
    Bonus
    $0 + $55,502 related
    Other
    $0 + $13,622 related
    Deferred
    $0 + $12,837 related
    Nontaxable benefits
    $0 + $19,573 related
    Filer's total
    $0 + $281,418 related

  • MAY MD JO STUDLEY

    DIRECTOR

    Total calculated
    $259,758
    From this org
    $0
    From related orgs
    $241,710
    Other
    $18,048
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,651 related
    Bonus
    $0 + $88,152 related
    Other
    $0 + $1,907 related
    Deferred
    $0 + $15,006 related
    Nontaxable benefits
    $0 + $3,042 related
    Filer's total
    $0 + $259,758 related

  • STIFFLER KAREN

    DIRECTOR

    Total calculated
    $222,034
    From this org
    $0
    From related orgs
    $184,744
    Other
    $37,290
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,572 related
    Bonus
    $0 + $25,383 related
    Other
    $0 + $789 related
    Deferred
    $0 + $9,674 related
    Nontaxable benefits
    $0 + $27,616 related
    Filer's total
    $0 + $222,034 related

  • PALUMBO MICHAEL

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROGERS AMY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BOWMAN MICHAEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HAVEL JEANETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HEMKER BRENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LADLEY JENNIFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAYNE MD CYNTHIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SAUVOLA LAMAY NICOLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SOBOLESKI JAMIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TUBBS JASMINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 — 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION OR A RELATED ORGANIZATION DURING THE CALENDAR YEAR 2024: NANCY HAYWOOD: $43,702 JORDAN JEON: $130,154 WATSON-PINNEY, ROSE, AND ERICKSON ARE PARTICIPANTS IN A 457(F) PLAN. ROSE RECEIVED A PAYMENT IN 2024 WHICH IS REFLECTED ON SCHEDULE J, PART II, COLUMN F. 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: DEATH; TERMINATION OF EMPLOYMENT BECAUSE OF TOTAL DISABILITY; TERMINATION OF EMPLOYMENT AFTER AT LEAST THREE CONSECUTIVE YEARS OF SERVICE; OR, A PLAN SPONSOR CHANGE IN CONTROL.
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.

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

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
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349300701

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

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