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Memorial Hospital

Also known as Memorial Healthcare

Owosso, MI · EIN 38-1358208 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Memorial Hospital reported $352.4 million in revenue and $340.8 million in expenses for calendar year 2024. Of every $100 it spent, $86.65 went to program services, $13.30 to management and general costs and $0.05 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.8% of the total. The highest compensation it reported for one person was $1,255,236 (PHYSICIAN). 232 people received more than $100,000 in reportable compensation. Revenue rose 62% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $341M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $352M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
86.6%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
13.3%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.1%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.67$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.1%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
97.8%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,255,236$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.37%1.34%
People paid over $100,000
Part VII, line 2
23227
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
4.26.6
Independent voting board members
Part VI 1a–1b
11 of 1588.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$51M expenses · 17.2% of program spending · revenue $96M

A medical and surgical hospital that provides inpatient and outpatient services to all patients.inpatient discharges: 4,048, patient days: 23,046, inpatient surgeries: 694, births: 475

$119M expenses · 40.3% of program spending · revenue $219M

Ancillary services (outpatient visits: 251,310, outpatient surgeries: 4,189, pain management visits: 6,054

$64M expenses · 21.5% of program spending · revenue $28M

Mma services (physician clinics, mma rvu's: 542,437

$62M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,214,202$0$41,034$1,255,236
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,132,745$0$33,613$1,166,358
VICE CHIEF OF STAFF
Key employee, 40.00 hrs/week
$940,087$0$41,328$981,415
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$938,969$0$33,808$972,777
EXECUTIVE DIRECTOR/CEO
Director/trustee, officer, 58.00 hrs/week
$885,461$0$32,620$918,081
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$850,108$0$18,116$868,224
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$825,084$0$38,882$863,966
CHIEF MEDICAL OFFICER
Key employee, 40.00 hrs/week
$527,057$0$26,066$553,123

232 people received more than $100,000 in reportable compensation from Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400M201920202021202220232024$352M$341M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$352M$341M86.6%$118M$1,255,236
2023 ⓘ$299M$292M87.1%$108M$1,129,948
2022 ⓘ$257M$267M86.3%$100M$1,268,733
2021 ⓘ$246M$250M87.5%$117M$1,114,744
2020 ⓘ$228M$224M88.8%$118M$1,071,774
2019 ⓘ$218M$202M89.8%$113M$855,100

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,918
  • Volunteers Part I, line 660

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
ACCOUNTABLE HEALTHCARE STAFFING
Staffing services
$4,571,889
ALLIANCE HNI LLC
Rental of equipment
$2,605,758
AMERICAN HEALTHCARE STAFFING ASSOCIATION
Staffing services
$1,616,396
ECS CENTRAL MICHIGAN PC
Contracted emergecy room physicians
$1,572,498
UMS SHIAWASSEE COUNTY URS LITHOTRIPSY
Ablation treatments
$1,512,613

Individuals listed as contractors are left out. 46 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Memorial Hospital, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of Memorial Hospital's spending goes to programs?

In calendar year 2024, Memorial Hospital reported that 86.6% of its $340.8 million in expenses went to program services, 13.3% to management and general and 0.1% to fundraising (Form 990, Part IX).

How much does Memorial Hospital pay its top executive?

The largest total compensation Memorial Hospital reported for one person in calendar year 2024 was $1,255,236, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Memorial Hospital get its money?

Of $352.4 million in revenue in calendar year 2024, 0.1% came from contributions and grants (including 0.0% from government grants) and 97.8% from program service revenue (Form 990, Part VIII).

Is Memorial Hospital a registered charity?

The IRS lists EIN 38-1358208 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533179349306658 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349304634 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323189349312212 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233199349318693 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123199349306942 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013109349300506 · read the filing

All filings for EIN 38-1358208: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.