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Munson Healthcare Foundations

Traverse City, MI · EIN 38-2642724 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Munson Healthcare Foundations reported $12.6 million in revenue and $12.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.19 went to program services, $2.67 to management and general costs and $11.14 to fundraising. Its largest source of revenue was contributions and grants: 50.4% of the total. The highest compensation it reported for one person was $2,922,871 (DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13M

Other revenue was negative: −$6,452. The bar shows the positive sources only.

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

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
86.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
2.7%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
11.1%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.22$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
50.4%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
11.9%93.7%
Highest reported compensation
Part VII-A, columns D–F
$2,922,871$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
23.50%1.34%
People paid over $100,000
Part VII, line 2
127
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
80.66.6
Independent voting board members
Part VI 1a–1b
7 of 988.9%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$4.7M expenses · 44.0% of program spending · grants $4.7M · revenue $806K

Funds for the support of munson medical center, a related organization in the Munson Healthcare system. Major initiatives funded include construction of a second cardiac catheterization laboratory, acquisition of ion robotic bronchoscopy technology, purchase of levo head positioners, upgrades to orthopedic equipment, and the purchase of supplies for stroke care and radiation oncology. Other funded items include unmet healthcare needs of patients in the munson service area, medical equipment purchases, support for child health and wellness, continuing medical education, recruitment and…

$2.4M expenses · 22.4% of program spending · grants $2.4M · revenue $217K

Funds for the support of Munson Healthcare cadillac, a related organization in the Munson Healthcare system. Major initiatives funded include purcahse davinci robot, purchase of ultrasound machines, support for robotics program and or video integration

$796K expenses · 7.4% of program spending · grants $796K · revenue $25,463

Funds for the support of munson home care, a related organization in the Munson Healthcare system. Major initiatives funded include operational support for home health and hospice services, purchase of equipment, and provider education

$2.8M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
DIRECTOR
Director/trustee, 1.00 hrs/week
$0$2,668,995$253,876$2,922,871
CFO
Officer, 2.00 hrs/week
$0$708,738$92,977$801,715
PRESIDENT
Director/trustee, officer, 40.00 hrs/week
$0$304,697$40,600$345,297
LEADERSHIP G
Highest compensated employee, 39.00 hrs/week
$98,804$1,991$6,590$107,385

1 people received more than $100,000 in reportable compensation from Munson Healthcare Foundations (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$13M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$13M$12M86.2%$84M$2,922,871
FY2024 ⓘ$17M$9.9M84.9%$81M$2,497,535
FY2023 ⓘ$11M$16M90.3%$71M$2,303,995
FY2022 ⓘ$10M$9.7M82.0%$72M$1,416,391
FY2021 ⓘ$14M$9.7M75.6%$80M$1,125,707
FY2020 ⓘ$11M$5.6M55.2%$70M$1,199,830

Governance answers, as filed

FY2025 · 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–1b9 · 7 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 11aYes
  • 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 4No
  • 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 513
  • Volunteers Part I, line 67

Private foundation grants it received

5 private foundations reported grants to Munson Healthcare Foundations totaling $150K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

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

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Questions people ask

How much of Munson Healthcare Foundations's spending goes to programs?

In the fiscal year ending June 30, 2025, Munson Healthcare Foundations reported that 86.2% of its $12.4 million in expenses went to program services, 2.7% to management and general and 11.1% to fundraising (Form 990, Part IX).

How much does Munson Healthcare Foundations pay its top executive?

The largest total compensation Munson Healthcare Foundations reported for one person in the fiscal year ending June 30, 2025 was $2,922,871, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Munson Healthcare Foundations get its money?

Of $12.6 million in revenue in the fiscal year ending June 30, 2025, 50.4% came from contributions and grants and 11.9% from program service revenue (Form 990, Part VIII).

Is Munson Healthcare Foundations a registered charity?

The IRS lists EIN 38-2642724 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601889349300830 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349306478 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349301444 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349302724 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349307349 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141379349301474 · read the filing

All filings for EIN 38-2642724: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.