Nonprofit · EIN 26-2774689
CARDIAC INSTITUTE
Tax-exempt · PETOSKEY, MI 49770
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $32,012 | $28,104 | $3,908 | $1,350,967 | $161,666 | $1,189,301 |
| September 30, 2024 | 990 | $63,887 | $20 | $63,867 | $1,362,108 | $176,715 | $1,185,393 |
| September 30, 2023 | 990 (amended) | $73,067 | $1,044 | $72,023 | $1,313,414 | $191,888 | $1,121,526 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $30,237
- Other revenue
- $1,775
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $28,104
Balance sheet and other
- Total assets, start of year
- $1,362,108
- Total assets, end of year
- $1,350,967
- Total liabilities, end of year
- $161,666
- Net assets, end of year
- $1,189,301
- Net assets without donor restrictions
- $1,189,301
- Gross receipts
- $32,012
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARFIELD ATCHISON | CHAIRMAN & PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $609,718 | $22,891 |
| JOHN KENNEDY | VP - CMO - PART YEAR Officer | 1 | $0 | $362,289 | $19,959 |
| MICHAEL PRUSAITIS | TREASURER/VP OF FINANCE/CFO Trustee or director, Officer | 2.8 | $0 | $317,854 | $33,435 |
| BRENT MALLEK | FORMER VP HUMAN RESOURCES Former | 0 | $0 | $229,793 | $25,885 |
| JULIE JAREMA | VP PHILANTHROPY Officer | 1 | $0 | $205,629 | $31,600 |
| DAVID MONAN | VP PATIENT CARE SVCS CNO Trustee or director, Officer | 1 | $0 | $199,535 | $30,549 |
| SHARI SCHULT | FORMER SECRETARY/VP OPERATIONS Former | 0 | $0 | $198,584 | $10,873 |
| ANDREW MCDONAGH | FORMER VP, CMO Former | 0 | $0 | $153,407 | $13,725 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD BURCH | CHAIRMAN & PRESIDENT/CEO - PART YEAR Former | 1 | $0 | $534,420 | $33,953 |
| ANDREW MCDONAGH | VP - CMO - PART YEAR Officer | 1 | $0 | $371,102 | $38,573 |
| MICHAEL PRUSAITIS | TREASURER/VP OF FINANCE/CFO Trustee or director, Officer | 2.8 | $0 | $303,826 | $32,264 |
| BRENT MALLEK | VP HUMAN RESOURCES - PART YEAR Officer | 2.8 | $0 | $276,189 | $13,601 |
| SHARI SCHULT | SECRETARY/VP OPERATIONS - PART YEAR Trustee or director, Officer | 2 | $0 | $247,904 | $13,719 |
| JULIE JAREMA | VP PHILANTHROPY Officer | 1 | $0 | $189,814 | $27,594 |
| DAVID MONAN | VP PATIENT SVCS CNO Trustee or director, Officer | 1 | $0 | $177,103 | $27,522 |
| LAURA DANIEL | FORMER VP OF PATIENT SVCS CNO Former | 1 | $0 | $128,149 | $10,024 |
| DEBBIE ROSENBURG | FORMER VP OF HUMAN RESOURCES Former | 2.8 | $0 | $126,357 | $0 |
| JENNIFER WOODS | FORMER SECRETARY & VP PATIENT CARE Former | 2 | $0 | $35,595 | $729 |
| GARFIELD ATCHISON | CHAIRMAN & PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $32,845 | $2,770 |
| JOHN KENNEDY | VP - CMO - STARTED 2024 Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD BURCH | CHAIRMAN & PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $630,578 | $137,289 |
| ANDREW MCDONAGH | VP - CMO Officer | 1 | $0 | $428,982 | $34,731 |
| MICHAEL PRUSAITIS | TREASURER/VP OF FINANCE/CF Trustee or director, Officer | 3 | $0 | $321,171 | $25,234 |
| JENNIFER WOODS | SECRETARY & VP PATIENT CARE - PART YEAR Former | 2 | $0 | $299,425 | $17,340 |
| DEBBIE ROSENBURG | VP HR - FORMER Former | 3 | $0 | $256,532 | $11,386 |
| SHARI SCHULT | SECRETARY/ VP OPERATIONS Trustee or director, Officer | 2 | $0 | $250,702 | $12,349 |
| LAURA DANIEL | VP PATIENT SVCS CNO (PART YEAR) Officer | 1 | $0 | $218,636 | $16,959 |
| JULIE JAREMA | VP PHILANTHROPY Officer | 1 | $0 | $193,268 | $25,410 |
| BRETT MALEK | VP HR - STARTED 2023 Officer | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 416 CONNABLE AVE, PETOSKEY, MI 49770-2212
- In care of
- % TOM MROCZKOWSKI
- Principal officer (990 for 2024)
- CHAD GRANT, 416 CONNABLE AVENUE, PETOSKEY, MI 49770
- Signed the 990
- CHAD GRANT, EXECUTIVE VP & COO
- Phone
- (231) 487-4094
- Return prepared by
- PLANTE & MORAN PLLC
Mission
OUR MISSION IS TO HELP PEOPLE TO LIVE LONGER, HEALTHIER LIVES WITH DIGNITY, AND TO USE ALL OF OUR RESOURCES TO GIVE THEM EVERYTHING THEY EXPECT AND DESERVE IN COMPREHENSIVE CARDIOVASCULAR CARE FOR THEIR FAMILIES AND THEMSELVES.
Program accomplishments
- PHYSICIAN PRACTICE INVOLVING THE DIAGNOSIS AND TREATMENT OF CARDIAC AND RELATED CONDITIONS.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | Check at the IRS |
| 2023 | April 30, 2024 | September 16, 2024 | Check at the IRS |
IRS record
- EIN
- 26-2774689
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- April
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Health care (E30)
- Assets (IRS master file)
- $1,350,967
- Income (IRS master file)
- $32,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $32,012 | $28,104 | $1,350,967 | XML |
| 990 | September 2024 | $63,887 | $20 | $1,362,108 | XML |
| 990 | September 2023 | $73,067 | $1,044 | $1,313,414 | XML |
| 990 | September 2022 | $167,154 | $2,380 | $1,360,586 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2774689).
Questions about CARDIAC INSTITUTE
- What is the EIN of CARDIAC INSTITUTE?
- The employer identification number (EIN) of CARDIAC INSTITUTE is 26-2774689.
- Is CARDIAC INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to CARDIAC INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARDIAC INSTITUTE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CARDIAC INSTITUTE due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARDIAC INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CARDIAC INSTITUTE?
- The 990 for the year ended September 30, 2025 names CHAD GRANT.
- Who are the officers and directors of CARDIAC INSTITUTE?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does CARDIAC INSTITUTE have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $32,012, expenses of $28,104 and total assets of $1,350,967 at year end.
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