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Nonprofiteer
← MONROE CLINIC AND HOSPITALFOUNDATION

Form 990 for tax year 2024

Filed by MONROE CLINIC AND HOSPITALFOUNDATION.

Totals

Total revenue
$1,012,723
Total expenses
$1,071,366
Contributions and grants received
$375,083
Grants paid
$840,381
Program service revenue
$223,126
Investment income
$419,586
Other revenue
-$5,072
Total assets, end of year
$11,337,798
Total liabilities, end of year
$182,166
Net assets or fund balances, end of year
$11,155,632
Program services expenses (Part IX)
$840,381
Management and general expenses
$0
Fundraising expenses
$230,985
Program service expenses (Part III)
$840,381

Program services were 78.4% 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.

  • 1c · Fundraising events

    $132,986

  • 1d · Related organizations

    $18,716

  • 1e · Government grants (contributions)

    $1,100

  • 1f · All other contributions, gifts and grants

    $222,281

  • 1g · Noncash contributions included above

    $55,285

  • 2f · All other program service revenue

    total $223,126 · related or exempt $223,126

  • 3 · Investment income

    total $318,829 · excluded $318,829

  • 7a · Gross sales of assets other than inventory

    securities $100,757

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

    securities $0

  • 7c · Gain or loss

    securities $100,757

  • 7d · Net gain or loss

    total $100,757 · excluded $100,757

  • 8a · Fundraising events: gross income

    $36,909

  • 8a · Fundraising events: contributions included on line 1c

    $132,986

  • 8b · Fundraising events: direct expenses

    $42,476

  • 8c · Net income from fundraising events

    total -$5,567 · excluded -$5,567

  • 9a · Gaming: gross income

    $990

  • 9b · Gaming: direct expenses

    $495

  • 9c · Net income from gaming

    total $495 · excluded $495

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $795,915 · program services $795,915

  • 2 · Grants to domestic individuals

    total $44,466 · program services $44,466

  • 7 · Other salaries and wages

    total $192,442 · fundraising $192,442

  • 10 · Payroll taxes

    total $14,618 · fundraising $14,618

  • 11g · Fees: other

    total $11,191 · fundraising $11,191

  • 12 · Advertising and promotion

    total $8,165 · fundraising $8,165

  • 13 · Office expenses

    total $521 · fundraising $521

  • 17 · Travel

    total $247 · fundraising $247

  • 19 · Conferences, conventions and meetings

    total $666 · fundraising $666

  • 24a · Other expenses: BANK FEES

    total $2,790 · fundraising $2,790

  • 24b · Other expenses: LICENSES, DUES & SUBSCR

    total $345 · fundraising $345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $518,629 · end of year $371,860

  • 11 · Investments: publicly traded securities

    end of year $10,965,938

  • 12 · Investments: other securities

    beginning of year $811,668

  • 13 · Investments: program-related

    beginning of year $9,330,363

  • 25 · Other liabilities

    beginning of year $2,499 · end of year $182,166

  • 27 · Net assets without donor restrictions

    beginning of year $1,557,234 · end of year $1,944,424

  • 28 · Net assets with donor restrictions

    beginning of year $9,100,927 · end of year $9,211,208

Mission and programs · 2024

Mission

THROUGH OUR EXCEPTIONAL HEALTH CARE SERVICES, WE REVEAL THE HEALING PRESENCE OF GOD.

Activities or mission (Part I)

MONROE CLINIC AND HOSPITAL FOUNDATION SERVES AND ENHANCES THE HEALING MISSION OF MONROE CLINIC BY COMBINING THE GIVING SPIRIT OF OUR COMMUNITIES WITH ALL WHO ENTER THROUGH OUR DOORS. THROUGH OUR EXCEPTIONAL HEALTH CARE SERVICES, WE REVEAL THE HEALING PRESENCE OF GOD.

  • SUPPORT THE MONROE CLINIC INC WITH EQUIPMENT PURCHASES AND HEALTH CARE PROGRAMS. OTHER ASSISTANCE PROVIDED TO LOCAL ORGANIZATIONS AS NEEDED.

    Expenses $840,381 · Grants $840,381 · Revenue $223,126

As filed on the 2024 return.

Listed in Part VII

  • JANE CURRAN-MEULI

    DIRECTOR & HOSPITAL PRES/CEO

    Total calculated
    $770,017
    From this org
    $0
    From related orgs
    $591,941
    Other
    $178,076
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,455 related
    Bonus
    $0 + $114,495 related
    Other
    $0 + $49,991 related
    Deferred
    $0 + $145,793 related
    Nontaxable benefits
    $0 + $32,283 related
    Filer's total
    $0 + $770,017 related

  • GAINES RICHARDSON

    DIRECTOR & SSM PHYSICIAN

    Total calculated
    $357,643
    From this org
    $0
    From related orgs
    $291,330
    Other
    $66,313
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,636 related
    Bonus
    $0
    Other
    $0 + $10,694 related
    Deferred
    $0 + $24,521 related
    Nontaxable benefits
    $0 + $41,792 related
    Filer's total
    $0 + $357,643 related

  • JANE SYBERS

    EXECUTIVE DIRECTOR

    Total calculated
    $169,396
    From this org
    $0
    From related orgs
    $124,999
    Other
    $44,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $114,646 related
    Bonus
    $0 + $8,753 related
    Other
    $0 + $1,600 related
    Deferred
    $0 + $14,039 related
    Nontaxable benefits
    $0 + $30,358 related
    Filer's total
    $0 + $169,396 related

  • JOE KLEIN

    DIRECTOR, VICE CHAIR & ASST SEC

    Total calculated
    $0
    Hours/week
    1

  • TEENA BUHOLZER

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALESSANDRO ROSSI MD

    DIRECTOR & ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEB THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL LEITZEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM MARKHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE ANDERSON

    DIRECTOR & REGIONAL PRES

    Total calculated
    $1,925,968
    From this org
    $0
    From related orgs
    $1,377,728
    Other
    $548,240
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $787,210 related
    Bonus
    $0 + $422,941 related
    Other
    $0 + $167,577 related
    Deferred
    $0 + $527,309 related
    Nontaxable benefits
    $0 + $20,931 related
    Filer's total
    $0 + $1,925,968 related

  • JIM DAVIDSON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMANDA FIELDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONALD SPIELMAN

    DIRECTOR

    Total calculated
    $11,728
    From this org
    $0
    From related orgs
    $11,728
    Other
    $0
    Hours/week
    1

  • DOUGLAS LONG

    SECRETARY & CLO AT SSM HEALTH

    Total calculated
    $2,287,921
    From this org
    $0
    From related orgs
    $1,587,150
    Other
    $700,771
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $813,979 related
    Bonus
    $0 + $583,198 related
    Other
    $0 + $189,973 related
    Deferred
    $0 + $676,547 related
    Nontaxable benefits
    $0 + $24,224 related
    Filer's total
    $0 + $2,287,921 related

  • KEVIN SMITH

    TREASURER & CFO AT SSM HEALTH

    Total calculated
    $1,677,558
    From this org
    $0
    From related orgs
    $1,050,477
    Other
    $627,081
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,034,519 related
    Bonus
    $0
    Other
    $0 + $15,958 related
    Deferred
    $0 + $586,407 related
    Nontaxable benefits
    $0 + $40,674 related
    Filer's total
    $0 + $1,677,558 related

  • RANDALL COMBS

    FORMER OFFICER

    Total calculated
    $1,483,527
    From this org
    $0
    From related orgs
    $1,454,021
    Other
    $29,506
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $323,766 related
    Bonus
    $0 + $923,306 related
    Other
    $0 + $206,949 related
    Deferred
    $0 + $13,881 related
    Nontaxable benefits
    $0 + $15,625 related
    Filer's total
    $0 + $1,483,527 related

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

  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, EXECUTIVE DIRECTOR, IS COMPENSATED BY A RELATED ORGANIZATION THAT UTILIZED THE FOLLOWING TO DETERMINE COMPENSATION: (1) INDEPENDENT COMPENSATION CONSULTANT; (2) COMPENSATION SURVEY OR STUDY; (3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
PENSION RESTORATION PLAN: SSM HEALTH (SSMH) PROVIDES THIS SUPPLEMENTAL DEFINED BENEFIT NONQUALIFIED RETIREMENT PLAN TO ANY EMPLOYEE WHO IS A PARTICIPANT IN THE SSMH QUALIFIED DEFINED BENEFIT PLAN WHO EARNS OVER THE INTERNAL REVENUE SERVICE COMPENSATION LIMIT. THE PLAN "RESTORES" THE BENEFITS TO THESE EMPLOYEES THAT WOULD HAVE BEEN PROVIDED UNDER THE SSMH QUALIFIED PLAN IF THE REGULATIONS DID NOT IMPOSE COMPENSATION LIMITS. AN INDIVIDUAL CAN TAKE A DISTRIBUTION FROM THE PLAN AT (1) AGE 65 OR OLDER IF THE INDIVIDUAL IS STILL EMPLOYED BY SSMH OR (2) AGE 55 OR OLDER IF THE INDIVIDUAL IS NO LONGER EMPLOYED BY SSMH. NO INDIVIDUALS LISTED ON PART VII OF FORM 990 RECEIVED DISTRIBUTIONS FROM THE PLAN IN 2024. CAPITAL ACCUMULATION PLAN: SSMH PROVIDES THIS SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO EXECUTIVE LEVEL EMPLOYEES. THE ORGANIZATION CONTRIBUTED A PERCENTAGE OF THE EMPLOYEE'S BASE SALARY INTO THEIR CHOICE OF A SELECT LIST OF INVESTMENTS. THE DEPOSITS AND EARNINGS OF THE PLAN ARE OWNED BY SSMH AND ARE TAX-DEFERRED UNTIL A DISTRIBUTION IS MADE TO THE EMPLOYEE. IN ADDITION, THE PLAN HAS SPECIAL SAFEGUARDS IN PLACE TO PROTECT THE FUNDS FROM CONTINGENCIES, OTHER THAN INSOLVENCY. FOR CONTRIBUTIONS MADE TO THE PLAN IN 2014 OR AFTER, THE DISTRIBUTION WILL OCCUR AFTER THE COMPLETION OF FOUR PLAN YEARS FOR ALL EXECUTIVES THAT ARE STILL ACTIVELY EMPLOYED ON THE DISTRIBUTION DATE. ANY ACTIVE PARTICIPANT 65 YEARS OR OLDER WILL RECEIVE THE CONTRIBUTION IN THE CURRENT YEAR. THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990 RECEIVED DISTRIBUTIONS FROM THIS PLAN IN 2024. ALL DISTRIBUTIONS RECEIVED FROM THE PLAN IN THE CURRENT YEAR WERE INCLUDED IN THE INDIVIDUAL'S TAXABLE COMPENSATION. GAINES RICHARDSON - $8,130

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.

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349319463

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