2025-11-13T12:52:25-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2024-01-01 383036586 MEMORIAL HEALTHCARE FOUNDATION MEMO 9897235211 826 WEST KING STREET OWOSSO MI 48867 JORRI TREMAIN CFO 9897235211 2025-11-10 1 1 KELLY A BROCIOUS P01254262 4126976400 2025-11-10 2024 2025-03-06 01:10:19Z BRIGITTE GURDEN 826 WEST KING STREET OWOSSO MI 48867 974552 0 X MEMORIALHEALTHCARE.ORG X 1991 MI THROUGH FUND AND DEVELOPMENT, WE SERVE OUR COMMUNITY BY ASSISTING MEMORIAL HEALTHCARE ACHIEVE ITS MISSION TO PROMOTE HEALTH AND PROVED QUALITY COMPASSIONATE HEALTHCARE IN THE SHIAWASSEE REGION. 14 10 0 65 0 0 778538 440275 0 0 447717 465487 -10838 -42143 1215417 863619 495340 147264 0 0 88686 156723 0 0 209643 55942 80863 639968 384850 575449 478769 10072223 10429892 383342 234560 9688881 10195332 THROUGH FUND DEVELOPMENT, WE SERVE OUR COMMUNITY BY ASSISTING MEMORIAL HEALTHCARE ACHIEVE ITS MISSION TO PROMOTE HEALTH AND PROVIDE QUALITY COMPASSIONATE HEALTHCARE IN THE SHIAWASSEE REGION. 0 0 147264 147264 FUND DEVELOPMENT SERVICES PROVIDED TO ASSIST MEMORIAL HEALTHCARE. CAPITAL IMPROVEMENTS AND EQUIPMENT/SUPPLIES: $147,264 147264 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 14 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 0 0 0 MI X ROSE BROWN 9897294717 826 WEST KING STREET OWOSSO MI 48867 BRIAN LONG CEO MEMORIAL HEALTHCARE 2.00 58.00 X X 0 885461 32620 ANTHONY A PATSY DO MEMBER 1.00 39.00 X 0 349505 32726 MICHAEL ASH PRESIDENT 1.00 2.00 X X 0 0 0 LISA HOOD MEMBER 1.00 X 0 0 0 STAVROULA A ERFOURTH MEMBER 1.00 X 0 0 0 ANN MARIE BENTLEY MEMBER 1.00 X 0 0 0 THOMAS COOK MEMBER 1.00 X 0 0 0 LISA ASH MEMBER 1.00 X 0 0 0 JOHN E EMERSON MEMBER 1.00 X 0 0 0 DAN MONTES MEMBER 1.00 X 0 0 0 BRIAN SPRINGSDORF MEMBER 1.00 X 0 0 0 JACKLYN HURD MEMBER 1.00 X 0 0 0 CHARLES THOMPSON MEMBER 1.00 39.00 X 0 142671 12422 LYNETTE FREEMAN EXECUTIVE DIRECTOR 40.00 X X 0 63411 1933 BRIGITTE GURDEN EXECUTIVE DIRECTOR 40.00 X 0 88979 28657 0 1530027 108358 0 0 1 0 0 157211 283064 440275 465557 465557 70 -70 -70 -70 68720 157211 110863 -42143 -42143 863619 0 0 423344 147264 147264 133617 133617 13102 13102 10004 10004 27943 27943 6614 6614 16692 16692 55 55 22400 22400 3464 3464 DONOR RECOGNITION 2129 2129 MISCELLANEOUS EXPENSE 879 879 SUBSCRIPTIONS 687 687 384850 147264 27943 209643 102850 114868 492944 527651 140737 29164 42133 21289 9293559 9736920 10072223 10429892 14996 13371 368346 221189 383342 234560 X 6776250 9258959 2912631 936373 9688881 10195332 10072223 10429892 X 478769 -4092 31774 X X 0 1 X 1 0 X X 1 MEMORIAL HEALTHCARE 381358208 3 1 147264 0 1 147264 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5384158 248834 5632992 4967011 417148 5384158 5649953 -682942 4967011 5665470 316175 226165 105527 5649953 5342671 7082 333532 17814 5665471 0.94356 0.05644 0 0 0 DUE TO AFFILIATES 221189 221189 X PART X, LINE 2: THE ORGANIZATION AND THE FOUNDATION ARE NOT-FOR-PROFIT CORPORATIONS AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON THEIR EXEMPT INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND A SIMILAR PROVISION OF STATE LAW. THESE ENTITIES ARE SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. DEV CORP AND ASSISTED LIVING ARE SINGLE MEMBER LIMITED LIABILITY COMPANIES, WHICH ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. PAIN MANAGEMENT IS A LIMITED LIABILITY COMPANY AND HAS ELECTED TO HAVE ITS INCOME TAXES AS A PARTNERSHIP UNDER THE PROVISIONS OF THE IRC. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKE-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT MET THE RECOGNITION THRESHOLD IN 2024 AND 2023. PART V, LINE 4: THERE ARE VARIOUS TEMPORARY AND BOARD DESIGNATED ENDOWMENT FUNDS. THE ONLY SPECIFICALLY IDENTIFIED USES OF THE VARIOUS FUNDS ARE AS FOLLOW: NURSING SCHOLARSHIP AWARDS AND NURSING AND HEALTHCARE FOR THE ELDERLY. GALA 120252 74236 46016 1000 8400 37616 1200 24734 GOLF OUTING 70125 53814 16311 2000 4361 9280 7031 4081 1 35554 29161 6393 600 2015 4435 1958 2152 225931 157211 68720 3600 6376 22115 46605 1200 30967 110863 -42143 1 MEMORIAL HEALTHCARE 826 WEST KING STREET OWOSSO MI 48867 381358208 501(C)(3) 147264 0 N/A N/A GRANTS PROVIDED TO MEMORIAL HEALTHCARE FOR PURPOSES INCLUDING PATIENT CARE, EDUCATION, AND EQUIPMENT PURCHASES. 1 PART I, LINE 2: THE MONTHLY FOUNDATION FINANCIAL REPORTS DETAIL THE GRANTS AWARDED BY THE FOUNDATION TO THE HOSPITAL. THE FINANCIAL REPORTS ALSO INCLUDE A SPREADSHEET WHICH DETAILS THE BEGINNING AND ENDING BALANCES OF ALL OF OUR RESTRICTED FUNDS, ALONG WITH ANY GRANTS AWARDED FROM THOSE FUNDS. THAT HELPS US TO VERIFY THE USE OF THOSE GRANTS AND RECONCILE THEM WITH THE REQUEST FOR FUNDING FORMS THAT ARE USED TO AUTHORIZE THE GRANT AWARDS AND PROCESS THE TRANSFER OF FUNDS FROM THE FOUNDATION TO THE HOSPITAL. 0 0 0 0 0 0 0 0 0 BRIAN LONG CEO MEMORIAL HEALTHCARE 0 670771 0 214690 0 0 0 12075 0 20545 0 918081 0 0 ANTHONY A PATSY DO MEMBER 0 319890 0 29615 0 0 0 6505 0 26221 0 382231 0 0 CHARLES THOMPSON MEMBER 0 137580 0 5091 0 0 0 3307 0 9115 0 155093 0 0 PART I, LINE 3 MEMORIAL HEALTHCARE, THE RELATED ORGANIZATION, ESTABLISHES THE RELATED ORGANIZATION'S EXECUTIVE COMPENSATION USING COMPENSATION SURVEYS/STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 MEMORIAL HEALTHCARE IS THE SOLE MEMBER OF MEMORIAL HEALTHCARE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER OF THE CORPORATION SHALL ELECT THE DIRECTORS OF THE CORPORATION AT AN ANNUAL OR REGULAR MEETING OF THE MEMBER FROM AMONG THESE PERSONS NOMINATED BY THE CORPORATION'S NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER OF THE CORPORATION SHALL BE CONSIDERED THE SOLE VOTING MEMBER FOR ALL PURPOSES OF THE MICHIGAN NONPROFIT CORPORATION ACT AND SHALL HAVE THE FOLLOWING RESPONSIBILITIES: (A) THE MEMBER SHALL ELECT THE DIRECTORS OF THE CORPORATION AT AN ANNUAL OR REGULAR MEETING OF THE MEMBER FROM AMONG THOSE PERSONS NOMINATED BY THE CORPORATIONS NOMINATING COMMITTEE. (B) THE MEMBER MAY REMOVE A DIRECTOR OF THE CORPORATION. (C) THE MEMBER SHALL HAVE SOLE AUTHORITY TO ELECT AND REMOVE THE EXECUTIVE DIRECTOR. (D) THE MEMBER SHALL APPROVE ALL AMENDMENTS TO THE CORPORATIONS ARTICLES OF INCORPORATION AND BYLAWS BEFORE THEY MAY BECOME EFFECTIVE. (E) THE MEMBER SHALL APPROVE THE ACQUISITION OR CREATION OF ALL WHOLLY OWNED OR CONTROLLED CORPORATIONS AND ALL MERGERS INVOLVING THE CORPORATIONS. (F) THE MEMBER SHALL APPROVE ALL INDEBTEDNESS OF THE CORPORATION IN ACCORDANCE WITH REQUIREMENTS ESTABLISHED FROM TIME TO TIME BY THE MEMBER. (G) THE MEMBER SHALL APPROVE THE ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATIONS AND ALL MATERIAL DEPARTURES THEREFROM. (H) THE MEMBER SHALL APPROVE ALL NON-BUDGETED CAPITAL EXPENDITURES OF THE CORPORATION. (I) THE MEMBER SHALL APPROVE ALL LOANS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT ACCOUNTANT PROVIDES A COPY OF FORM 990 TO THE ORGANIZATION PRIOR TO FILING THE FORM WITH THE IRS. THE ORGANIZATION THEN MAKES THE COPY AVAILABLE TO THE FINANCIAL AFFAIRS COMMITTEE AND THE EXECUTIVE COMMITTEE TO REVIEW PRIOR TO FILING. A COPY OF FORM 990 WILL BE MADE AVAILABLE TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY APPLY TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS AND ENFORCES THE CONFLICT OF INTEREST POLICES AND PROCEDURES. IN ANY INSTANCE WHERE A BOARD MEMBER HAS A CONFLICT OF INTEREST ON AN ISSUE AT HAND, THAT INDIVIDUAL MUST GIVE THE BOARD MEMBERS WRITTEN NOTICE OF SUCH INTEREST OR RELATIONSHIP AND THE BOARD MEMBER SHALL REFRAIN FROM VOTING OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE TO AFFECT ITS DECISION. THE BOARD MAY REQUIRE AN INTERESTED DIRECTOR TO EXCUSE HIMSELF OR HERSELF FROM THE BOARD ROOM UNTIL THE MATTER HAS BEEN DISCUSSED BY THE BOARD AND THE REMAINING BOARD OF DIRECTOR MEMBERS HAVE VOTED ON THE MATTER. THE INTERESTED TRUSTEE SHALL HAVE AN OPPORTUNITY TO PRESENT HIS OR HER OPINION ON THE MATTER BEFORE BEING EXCUSED. THE MINUTES OF THE MEETING SHOULD REFLECT THAT DISCLOSURE WAS MADE, AND THAT THE INTERESTED DIRECTOR ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S CEO IS PAID BY MEMORIAL HEALTHCARE. THE COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT, OFFICERS AND KEY EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION UPON HIRING. THE FULL BOARD OF DIRECTORS REVIEWS THE CEO'S COMPENSATION ANNUALLY. A COMPENSATION COMMITTEE HAS BEEN FORMED AND ACTIVELY PARTICIPATES IN DECISIONS RELATED TO CEO AND EXECUTIVE PAY AND BENEFITS AS WELL AS PROVIDING INPUT AND OVERSIGHT FOR THE ORGANIZATIONS COMPENSATION PHILOSOPHY AND PROGRAM. CEO AND EXECUTIVE PAY IS REVIEWED AT LEAST ANNUALLY BY THIS COMMITTEE. THE MOST RECENT REVIEW OF CEO AND EXECUTIVE PAY WAS JULY 2022. UPDATED SALARY RANGES ARE PROVIDED BY AN OUTSIDE COMPENSATION CONSULTING COMPANY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFERS (TO) FROM AFFILIATES -12,468. INVESTMENT GAIN INCOME 44,242. FORM 990, PART XII, LINE 2C: THE MEMBER HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. FINANCIAL AFFAIRS COMMITTEE MEETS EVERY OTHER MONTH TO REVIEW FINANCIALS, AUDIT REPORTS, INVESTMENT ANALYSIS, AND OTHER FINANCIAL UPDATES. THE FOUNDATION BOARD OF DIRECTORS MEETS EVERY OTHER MONTH TO GO OVER FINANCIALS THAT HAVE BEEN APPROVED BY THE FINANCIAL AFFAIR COMMITTEE. THE PROCESS HAS NOT CHANGES FROM THE PRIOR YEAR. MEMORIAL HOSPITAL 826 WEST KING STREET OWOSSO MI 48867 381358208 TO PROVIDE HEALTHCARE SERVICES TO PATIENTS. MI 501(C)(3) LINE 3 MEMORIAL HEALTH SYSTEM 0 MEMORIAL HEALTH SYSTEM 826 WEST KING STREET OWOSSO MI 48867 934897020 HEALTH SYSTEM MI 501(C)(3) LINE 12C, III-FI 0 MEMORIAL HEALTHCARE PAIN MANAGEMENTY LLC 826 WEST KING STREET OWOSSO MI 48867 472218456 PROVIDE OUTPATENT PAIN MANAGEMENT SERVICES MI N/A 0 0 MCH DEVELOPMENT CORPORATION 826 WEST KING STREET OWOSSO MI 48867 463742868 DEVELOPMENT OF ASSISTED LIVING PROPERTY MI N/A C 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0