Overview
What is Munson Medical Center?
Munson Medical Center, located in Traverse City, Michigan, is a prominent nonprofit healthcare institution serving the residents of the community and the surrounding 24-county area. With 19,218 inpatient admissions and over 494,000 outpatient visits in fiscal year 2022, Munson Medical Center functions as a rural referral center. The hospital offers comprehensive healthcare services, including 14,000 surgical cases, 1,881 obstetrical births, and over 45,000 emergency room visits. Munson Medical Center accepts patients regardless of their ability to pay and employs 887 active medical staff. In response to the COVID-19 pandemic, the hospital incurred 5.7 million dollars in expenses for patient care and related costs. As a vital part of Munson Healthcare, Munson Medical Center is committed to delivering superior quality care to patients in partnership with physicians, striving for community health improvement.
Official website here: www.munsonhealthcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Munson Medical Center has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based entirely on their Accountability & Finance metrics, showcasing strong governance structures and financial practices. Notably, the organization has an independent board comprising 86% independent members, which enhances transparency and decision-making integrity.
The fiscal management of Munson Medical Center is commendable, highlighted by a program expense ratio of 86.39%, indicating that a significant portion of their expenses is directed toward their programs. Additionally, there are no reported issues related to material diversion of assets, reflecting solid oversight and financial discipline. Their comprehensive policies, including conflict of interest and whistleblower protections, further enhance their governance framework.
While the financial indicators are strong, potential donors and stakeholders may want to continue monitoring other performance aspects over time. The high level of accountability and efficiency in operations suggests that Munson Medical Center is a reliable organization committed to its mission and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Munson Medical Center legitimate?
Munson Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Munson Medical Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,642,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,691,518
For more financial information, click here
Official website here: www.munsonhealthcare.org
What is the mission statement of Munson Medical Center?
Munson Medical Center is committed to providing superior quality care to patients in collaboration with physicians. As a significant component of Munson Healthcare, the medical center prioritizes delivering comprehensive healthcare services. Munson Medical Center accepts all patients, irrespective of their ability to pay. In fiscal year 2022, the hospital reported 19,218 inpatient admissions, 494,000 outpatient visits, more than 14,000 surgical cases, 1,881 obstetrical births, and over 45,000 emergency room visits. The hospital incurred 5.7 million dollars in expenses related to COVID-19 patient care and other associated costs. The medical center functions as a rural referral center, serving a 24-county area.
Official website here: www.munsonhealthcare.org
Who is the CEO of Munson Medical Center?
Matthew Wille is the Ceo & Presid of Munson Medical Center. The CEO's salary of Munson Medical Center is $591,330 and their total compensation is $678,647.
Official website here: www.munsonhealthcare.org
What is the revenue of Munson Medical Center?
Munson Medical Center's revenue in 2022 was $778,067,790.
Official website here: www.munsonhealthcare.org
Who are the executives of Munson Medical Center and what are their salaries?
The average compensation at Munson Medical Center during 2022 was $51,308. There are 4918 employees and 118 volunteers at Munson Medical Center.
Here are 49 key members and their salaries (Munson Medical Center's CEO's salary is $591,330 and their total compensation is $678,647):
- Compensation: $0
- Related: $1,193,233
- Other: $223,158
- Compensation: $1,286,070
- Related: $0
- Other: $26,675
- Compensation: $953,635
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- Other: $28,228
- Compensation: $866,561
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- Other: $44,563
- Compensation: $798,570
- Related: $0
- Other: $36,805
- Compensation: $769,813
- Related: $0
- Other: $17,519
- Compensation: $0
- Related: $607,688
- Other: $85,269
- Compensation: $591,330
- Related: $0
- Other: $87,317
- Compensation: $0
- Related: $529,801
- Other: $82,494
- Compensation: $0
- Related: $528,784
- Other: $18,309
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- Related: $368,822
- Other: $67,951
- Compensation: $370,558
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- Other: $45,367
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- Related: $356,026
- Other: $55,923
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- Related: $329,713
- Other: $31,694
- Compensation: $304,496
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Official website here: www.munsonhealthcare.org
Where can I find the form 990 for Munson Medical Center?
Munson Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.munsonhealthcare.org
Learn more at the official website: www.munsonhealthcare.org
Mission Statement of Munson Medical Center
Munson Medical Center, a significant component of Munson Healthcare, is dedicated to delivering top-tier quality healthcare to patients in collaboration with physicians. The center's mission is to provide comprehensive care to residents in the community and function as a referral center for the surrounding 24-county area. In fiscal year 2022, Munson Medical Center recorded 19,218 inpatient admissions, over 494,000 outpatient visits, more than 14,000 surgical cases, 1,881 obstetrical births, and over 45,000 emergency room visits. The center accepts patients regardless of their ability to pay and incurred 5.7 million dollars in expenses related to COVID-19 patient care and other associated costs.
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Impact
October, 2024
Munson Medical Center plays a crucial role in enhancing the health and wellbeing of the community in Traverse City, Michigan, and its surrounding areas. Serving as a rural referral center for a 24-county region, the hospital provided essential services to 19,218 inpatient admissions and facilitated over 494,000 outpatient visits in fiscal year 2022.
The center is dedicated to addressing a wide spectrum of healthcare needs, having handled more than 14,000 surgical cases, witnessed 1,881 obstetrical births, and managed over 45,000 emergency room visits. Importantly, Munson Medical Center is committed to inclusivity, accepting all patients regardless of their ability to pay, ensuring that quality healthcare is accessible to everyone within the community.
Munson Medical Center also prioritizes public health initiatives, working collaboratively with its partners to provide superior quality care and promote overall community health. Notably, the hospital incurred significant expenses, including $5.7 million related to COVID-19 patient care, reflecting its commitment to addressing contemporary health challenges.
With a dedicated team of 887 active medical staff, Munson Medical Center continues to fulfill its mission of delivering comprehensive quality care in partnership with physicians, significantly impacting the health landscape of the region.
This information is meant to be a general summary of Munson Medical Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,783,555
- Program Service Revenue: $710,383,483
- Gross Receipts: $982,699,080
Assets and Liabilities:
- Total Assets: $1,237,623,415
- Total Liabilities: $273,062,805
- Net Assets: $964,560,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE AND MEDICAID PMTS
Revenue
$419,220,269
PATIENT SERVICE REVENUE
Revenue
$278,243,537
340B PRESCRIPTION REVENUE
Revenue
$10,257,939
MISC HEALTHCARE REVENUE
Revenue
$2,083,341
RENT FROM RELATED ORGS
Revenue
$450,424
Organization Details
Founding Year
1947
Phone
(231) 935-5000Principal Officer
Matthew Wille
Main Address
1105 SIXTH STREET, TRAVERSE CITY, MI, 49684
Website
www.munsonhealthcare.orgNTEE Category
Code: E22 - Health
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