Munson Medical Group FY2020 filing

Tax-deductible

Traverse City, MI501(c)(3)Since 2010Diseases & DisordersEIN 27-3600575Revenue $12.8M in FY2020

On file with the IRSmunsonhealthcare.org1105 Sixth St, 49684-2345 · Traverse City, MITax-exempt since Sep 2012Publicly supported — 509(a)(2)

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To grow and develop a highly effective, multi-regional physician practice that is a central component of a community-focused, vertically integrated health care delivery system supporting the operations of Munson Medical center with a commitment to excellence and the ethical directives of the Medical profession.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$3.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $19.3M a year · 76% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.8M
Spent
$21.3M
To programs
84%
Net assets
$4.1M
By yearFY2020–FY2025
Revenue
$12.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$12.8M
FY2021$18.6M
FY2022$20.8M
FY2023$34.8M
FY2024$31.6M
FY2025$34.2M
Expenses
$21.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$21.3M
FY2021$29.4M
FY2022$35.6M
FY2023$55.0M
FY2024$59.8M
FY2025$67.7M
Net assets
$4.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$1.3M
FY2022$3.5M
FY2023$8.3M
FY2024$5.6M
FY2025$2.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $18.0M Management & general 16% · $3.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Cardiologist
$693,657Pt VII · Sec A
Cardiologist
$687,781Pt VII · Sec A
Cardiologist
$686,945Pt VII · Sec A
Cardiologist
$686,314Pt VII · Sec A
$685,936Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Corporate Co
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Todd Adams DO’s $783K as Cardiologist is at the 94th percentile of top reported officer pay among 249 $10–100M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Fox MD$779,097$759,351—$828,770$684,428—
Todd Adams DO$782,824$762,255$753,596$826,459$687,414—
Nicklaus Slocum MD$777,203$763,278$754,096$825,853$689,614$693,657
Steven Mast MD—$759,991$751,311$825,102—$686,314
John Beattie MD$778,892$760,374$751,720$824,494——
Erik Howell MD$774,231—————
Michael Howe MD——$750,753———
Kevin Clayton DO—————$687,781

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops a physician practice integrated into community healthcare, supporting a medical center.

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Provided by the organization

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1 program · $18.0M · in their own filed words · FY2019
01

Provide physician services to the community served by munson medical center through a multi-specialty physician group practice model that is functionally integrated with the governance and management systems of munson medical center.

$18.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$35K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12.8M
Ln 12
Fees for servicesLn 2g$12.7M
Gifts and grantsLn 1h$126K
Other incomeLn 4–11$19K
Money outPt IX
$21.3M
Ln 25
Programscol B$18.0M
Managementcol C$3.4M
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Government grantsLn 1e$126K
Fees for servicesLn 2g$12.7M
Other incomeLn 4–11$19K
Total revenueLn 12$12.8M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 5464
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$1.6M
Total assetsLn 16$5.5M$5.4M
LiabilitiesLn 26$3.0M$1.3M
Net assetsLn 32$2.6M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23.0M$18.1M$4.8M
Pension plan contributionsLn 8$689K$544K$145K
Other employee benefitsLn 9$1.3M$1.0M$275K
Payroll taxesLn 10$1.2M$986K$263K
Other fees for servicesLn 11g$1.0M$57K$978K
Advertising and promotionLn 12$252$252
Office expensesLn 13$91K$15K$76K
Information technologyLn 14$68K$7K$61K
OccupancyLn 16$52K$51K$1K
TravelLn 17$142K$131K$10K
Conferences, conventions and meetingsLn 19$65K$45K$20K
InsuranceLn 23$272K$263K$9K
Other expenses (24a–d)Ln 24$781K$766K$15K
All other expensesLn 24e−$7.4M−$4.1M−$3.3M
Total functional expensesLn 25$21.3M$18.0M$3.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $34.2M$67.7M−$33.5M$2.4M 990 PDF
FY2024 $31.6M$59.8M−$28.2M$5.6M 990 PDF
FY2023 $34.8M$55.0M−$20.2M$8.3M 990 PDF
FY2022 $20.8M$35.6M−$14.8M$3.5M 990 PDF
FY2021 $18.6M$29.4M−$10.8M$1.3M 990 PDF
FY2020 Viewing $12.8M$21.3M−$8.5M$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $12,820,703 revenue, 12 lines filed
I-8 Contributions and grants$125,597
I-9 Program service revenuePrior year $11,424,253$12,675,744
I-10 Investment income$0
I-11 Other revenuePrior year $19,770$19,362
I-12 Total revenuePrior year $11,444,023$12,820,703
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,331,247$26,230,046
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year −$4,358,280−$4,896,319
I-18 Total expensesPrior year $20,972,967$21,333,727
I-19 Revenue less expensesPrior year −$9,528,944−$8,513,024
Part VI · Governance 0 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,820,703 across 5 lines filed
VIII-1e Government grants$125,597
VIII-1h Total contributions, gifts and grants$125,597
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,675,744$12,675,744
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,362$19,362
VIII-12 Total revenueRelated to mission $12,695,106$12,820,703
Part IX · Statement of functional expenses $21,333,727 across 14 lines filed
IX-7 Other salaries and wagesPrograms $18,144,382 · Management $4,843,487$22,987,869
IX-8 Pension plan contributionsPrograms $543,883 · Management $145,185$689,068
IX-9 Other employee benefitsPrograms $1,029,298 · Management $274,762$1,304,060
IX-10 Payroll taxesPrograms $985,877 · Management $263,172$1,249,049
IX-11g Other fees for servicesPrograms $57,412 · Management $978,193$1,035,605
IX-12 Advertising and promotionManagement $252$252
IX-13 Office expensesPrograms $14,581 · Management $76,467$91,048
IX-14 Information technologyPrograms $6,575 · Management $61,354$67,929
IX-16 OccupancyPrograms $50,912 · Management $1,005$51,917
IX-17 TravelPrograms $131,216 · Management $10,426$141,642
IX-19 Conferences, conventions and meetingsPrograms $44,665 · Management $20,399$65,064
IX-23 InsurancePrograms $262,902 · Management $9,494$272,396
IX-24 Other expenses (24a–d)Programs $765,713 · Management $15,160$780,873
IX-24e All other expensesPrograms −$4,060,567 · Management −$3,342,478−$7,403,045
IX-25 Total functional expensesPrograms $17,976,849 · Management $3,356,878 · Fundraising $0$21,333,727
Part X · Balance sheet $5,395,731 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,341,093$1,631,640
X-4 Accounts receivableStart of year $1,456,456$1,034,218
X-9 Prepaid expenses and deferred chargesStart of year $13,458$14,296
X-14 Intangible assetsStart of year $2,715,577$2,715,577
X-16 Total assetsStart of year $5,526,584$5,395,731
X-17 Accounts payable and accrued expensesStart of year $2,953,219$1,126,435
X-19 Deferred revenue$18,839
X-25 Other liabilities$190,116
X-26 Total liabilitiesStart of year $2,953,219$1,335,390
X-27 Net assets without donor restrictionsStart of year $2,573,365$4,060,341
X-32 Total net assets or fund balancesStart of year $2,573,365$4,060,341
X-33 Total liabilities and net assetsStart of year $5,526,584$5,395,731
Part XI · Reconciliation of net assets $4,060,341 net assets at year end
XI-1 Total revenue$12,820,703
XI-2 Total expenses$21,333,727
XI-3 Revenue less expenses−$8,513,024
XI-4 Net assets at start of year$2,573,365
XI-9 Other changes in net assets$10,000,000
XI-10 Net assets at end of year$4,060,341

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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