Civic Intelligence

Sparrow Clinton Hospital

990 • Fiscal year 2016 • EIN 38-1358172

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

805 S Oakland StreetSt Johns, MI 48879

(989) 227-3400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.17x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

0.48x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

76th percentile

12%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$1,544,259

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

87th percentile

15%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-7.6%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$129,806,280

Up $17,301,296 (+15%) from 2015

Net Assets

Up

$107,496,545

Up $8,400,611 (+8.5%) from 2015

Liabilities

Up

$22,309,735

Up $8,900,685 (+66%) from 2015

Revenue

Down

$46,866,818

Down $3,843,669 (-7.6%) from 2015

Expenses

Down

$41,146,480

Down $660,136 (-1.6%) from 2015

Net Income

Down

$5,720,338

Down $3,183,533 (-36%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $66,847,387Liabilities 2010: $11,408,250Net Assets 2010: $55,439,1372010Assets 2011: $74,107,556Liabilities 2011: $10,714,427Net Assets 2011: $63,393,1292011Assets 2012: $87,298,000Liabilities 2012: $12,179,235Net Assets 2012: $75,118,7652012Assets 2013: $99,033,493Liabilities 2013: $13,310,062Net Assets 2013: $85,723,4312013Assets 2014: $108,548,460Liabilities 2014: $13,285,312Net Assets 2014: $95,263,1482014Assets 2015: $112,504,984Liabilities 2015: $13,409,050Net Assets 2015: $99,095,9342015Assets 2016: $129,806,280Liabilities 2016: $22,309,735Net Assets 2016: $107,496,5452016Assets 2017: $129,905,208Liabilities 2017: $8,136,878Net Assets 2017: $121,768,3302017Assets 2018: $127,982,215Liabilities 2018: $8,329,451Net Assets 2018: $119,652,7642018Assets 2019: $148,186,527Liabilities 2019: $8,781,267Net Assets 2019: $139,405,2602019Assets 2020: $167,953,815Liabilities 2020: $10,670,007Net Assets 2020: $157,283,8082020Assets 2021: $188,415,799Liabilities 2021: $11,776,553Net Assets 2021: $176,639,2462021Assets 2022: $178,978,706Liabilities 2022: $11,512,267Net Assets 2022: $167,466,4392022Assets 2023: $193,163,954Liabilities 2023: $10,773,173Net Assets 2023: $182,390,7812023Assets 2024: $222,569,231Liabilities 2024: $11,707,280Net Assets 2024: $210,861,9512024

Highlighted filing

2016

Assets$129,806,280
Liabilities$22,309,735
Net Assets$107,496,545

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $38,027,1422010Expenses 2011: $41,193,0152011Revenue 2012: $50,005,289Expenses 2012: $41,602,665Net Income 2012: $8,402,6242012Revenue 2013: $50,275,934Expenses 2013: $42,512,224Net Income 2013: $7,763,7102013Revenue 2014: $49,494,481Expenses 2014: $39,764,362Net Income 2014: $9,730,1192014Revenue 2015: $50,710,487Expenses 2015: $41,806,616Net Income 2015: $8,903,8712015Revenue 2016: $46,866,818Expenses 2016: $41,146,480Net Income 2016: $5,720,3382016Revenue 2017: $50,119,572Expenses 2017: $42,944,803Net Income 2017: $7,174,7692017Revenue 2018: $56,701,404Expenses 2018: $44,972,257Net Income 2018: $11,729,1472018Revenue 2019: $56,064,954Expenses 2019: $46,666,145Net Income 2019: $9,398,8092019Revenue 2020: $55,210,812Expenses 2020: $44,118,597Net Income 2020: $11,092,2152020Revenue 2021: $67,909,547Expenses 2021: $47,492,090Net Income 2021: $20,417,4572021Revenue 2022: $71,539,611Expenses 2022: $52,586,893Net Income 2022: $18,952,7182022Revenue 2023: $36,706,890Expenses 2023: $26,333,312Net Income 2023: $10,373,5782023Revenue 2024: $79,253,324Expenses 2024: $58,464,524Net Income 2024: $20,788,8002024

Highlighted filing

2016

Revenue$46,866,818
Expenses$41,146,480
Net Income$5,720,338
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$46,996,306
Mission and Program Overview

Mission

Improving the health of the people in our communities by providing quality, compassionate care to everyone, every time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,145,974$99,837,178▲ $6,691,204
Accounts Receivable$6,168,149$17,170,458▲ $11,002,309
Land, Buildings, and Equipment, Net$10,207,894$10,095,264▼ $112,630
Inventories for Sale or Use$1,293,716$1,211,433▼ $82,283
Prepaid Expenses and Deferred Charges$533,319$569,868▲ $36,549
Pledges and Grants Receivable$254,707$137,834▼ $116,873
Total Assets$112,504,984$129,806,280▲ $17,301,296
Other Assets Total$901,225$784,245▼ $116,980
Liabilities
Other Liabilities$7,574,299$17,420,926▲ $9,846,627
Accounts Payable and Accrued Expenses$4,515,087$3,931,882▼ $583,205
Tax Exempt Bond Liabilities$1,319,664$956,927▼ $362,737
Total Liabilities$13,409,050$22,309,735▲ $8,900,685
Net Assets / Fund Balance
Unrestricted Net Assets$98,343,172$106,814,901▲ $8,471,729
Temporarily Rstr Net Assets$597,522$526,404▼ $71,118
Permanently Rstr Net Assets$155,240$155,240→ $0
Total Net Assets Fund Balance$99,095,934$107,496,545▲ $8,400,611
Total Liabilities and Net Assets / Fund Balance$112,504,984$129,806,280▲ $17,301,296

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,456,537$14,856,169$21,312,706
Equipment$2,164,967$11,136,400$13,301,367
Land$924,438-$924,438
Leasehold Improvements$255,945$138,271$394,216
Other Land Buildings$293,377-$293,377

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,707,924$191,313▲ $102,555-$3,986,792
2015$3,411,165$361,583▼ $49,824-$3,707,924
2014$3,184,706$200,566▲ $40,893-$3,411,165
2013$2,926,676$82,387▲ $187,643-$3,184,706
2012$2,641,860$147,795▲ $149,021-$2,926,676
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis SwanPres/CEO - S--$1,544,259$1,544,259
Paula ReichleSr VP - CFO--$727,910$727,910
Dennis SwanPres/CEO - Shs-$399,636$63,219$462,855
Paula ReichleSr VP - CFO - Shs-$387,580$62,443$450,023
Kevin PriceVP/COO Clinton-$280,351$157,411$437,762
Beth DaughertyVP/patient Services-$284,877$129,233$414,110
Mark BrisboeCFOPT$344,748$38,408$383,156
Edward BruunPresident/ceFT$334,783$41,062$375,845
Mark BrettBoard Member-$251,758$124,087$375,845
Andrea KosloskiVP Legal & R--$337,147$337,147
Kevin PriceVP/COO ClintFT$225,651$53,073$278,724
Edward BruunPresident/CEO-$190,309$88,415$278,724
Beth DaughertyVP/patient SFT$189,215$27,452$216,667
Andrea KosloskiVP Legal & Risk Mgmt-$160,099$56,568$216,667
Christopher Beal DoBoard Member--$7,034$7,034
Bp Rajesh MdMedical Staf--$6,078$6,078
Tom FrenchChairman--$1,350$1,350

Board Members and Trustees

NameTitle
John LancourPast Chairma
Kerry Sheen-stockVice Chair/s
Amy PalusBoard Member
Daniel CossBoard Member
Gay BakerBoard Member
Gregory MartinBoard Member
William BrewbakerBoard Member
Bradley Garrett DoPhysician
Donald Porter MdPhysician
Gregory Flermoen MdPhysician
Gregory Holzhei DoPhysician
Kay Mclaughlin DoPhysician

Highest Paid Contractors

ContractorServicesLocationCompensation
Mid-michigan Mri INCMri Services271 WOODLAND PASS SUITE 120, East Lansing, MI 48823$522,040
Emergency Medical AssociatesPhysicanPO BOX 634280, Cincinnati, OH 45263$306,108
Revenue and Support

Revenue Composition

Contributions and Grants
$22,000
Program Service Revenue
$42,274,483
Investment Income
$3,770,631
Other Revenue
$799,704
All Other Contributions
$22,000
Change in Net Assets
$5,720,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,448,919
Salaries, Compensation, and Employee Benefits$18,697,561
Total Fundraising Expense$261,927
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,292,592$2,360,852$104,683$13,758,127
Fees for Services Other$5,589,235$1,398,704$35,344$7,023,283
Other Employee Benefits$1,623,116$694,014$25,116$2,342,246
Office Expenses$1,629,288$441,254$4,495$2,075,037
Other Expenses$1,100,427$2,842,746-$1,100,427
Depreciation Depletion-$1,069,203-$1,069,203
Payroll Taxes$739,406$224,717$7,927$972,050
Current Officers, Directors, Trustees, and Key Employees-$871,236-$871,236
Pension Plan Contributions$626,853$121,238$5,811$753,902
Occupancy$239,606$362,824-$602,430
Insurance-$283,946-$283,946
Fees for Service Investment Mgmnt Fees-$223,693$3,311$227,004
All Other Expenses$30,035$148,038$2,997$181,070
Advertising$1,940$68,227$70,716$140,883
Conferences and Meetings$63,267$61,721$149$125,137
Interest-$76,403-$76,403
Travel$7,901$11,334$1,378$20,613
Fees for Services Accounting-$6,735-$6,735
Fees for Services Legal-$60-$60
Total Functional Expenses$29,617,608$11,266,945$261,927$41,146,480
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,904
Fundraising Direct Expenses$33,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Fantasy Di$44,456$44,456$2,926$41,530
Stroke for Life$42,448$42,448$4,356$38,092
Total Events$86,904$86,904$33,455$53,449
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Leanne Palmer-frenchFamilyEmployeeNo$32,448
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$13,528,602
Post Retirement Benefits Payable$3,892,324

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMi State Hospital Finance2007-04-19$4,148,209See part vi, supplemental

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,148,209---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Sparrow health system is the sole member of sparrow clinton hospital and has 100% ownership.

Form 990, Page 6, Part VI, Line 7A

Sparrow health system has the right to elect, replace, or remove directors of the sparrow clinton hospital board. The president of the medical staff, which is a member of the governing body, is elected by the medical staff of sparrow clinton hospital.

Form 990, Page 6, Part VI, Line 7B

Sparrow health system has the right to elect, replace, and remove directors of sparrow clinton hospital. Sparrow health system also has the authority to approve decisions of the sparrow clinton hospital board when it is deemed necessary.

Form 990, Page 6, Part VI, Line 11B

Copies of the 2016 form 990 are reviewed by management. Once management completed its review of the form 990 copies were provided at the september 2017 board meeting for all board members to review and comment on.

Form 990, Page 6, Part VI, Line 12C

1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote is required on a transaction involving an interested person).

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation for the ceo of the organization involves the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' form 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation for other officers of the organization involves the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' form 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.

Form 990, Page 6, Part VI, Line 19

The organization's audited financial statements are on several internet websites, including the nmsir and mshfa websites, as well as available upon request. The governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Sparrow Clinton Hospital
EIN
38-1358172
Phone
9892273400
Address
805 S OAKLAND STREET, ST JOHNS, MI 48879

Signing Officer

Name
Paula Reichle
Title
Sr VP - CFO - Shs
Phone
9892246881
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Swan
Formed
1937
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
8
Employees
309
Volunteers
160

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
4295 OKEMOS RD STE 200, OKEMOS, MI 48864-6201
Preparer
Mark E Hooper
Phone
5177060800
Supplemental Narrative

Additional Explanations

Form 990

All lines left blank are not applicable to the organization. Part iv, question 4 - the organization does not engage in direct lobbying activities. The organization does have memberships in various trade associations that use a portion of the dues paid to the trade associations for lobbying activities on behalf of the applicable trade association industries, thus indirectly benefiting the organization. The percentage of dues allocated to this industry-wide lobbying activity is minor and is not considered by the organization as lobbying activities required for disclosure on schedule c, part ii.

Form 990, Page 2, Part III, Line 4D

Other program services include inpatient routine care, radiology, cardiopulmonary, respiratory therapy, hospital and retail pharmacy, infusion therapy, physician's practice, and sleep studies.

Form 990, Part IX, Line 11G

Ed physician coverage 3,038,077 0 0 lab fees 1,477,165 0 0 mri services 529,635 0 0 laundry/linens 6,591 90,692 0 collection fees 0 171,714 0 security 0 183,436 0 biomed maintenance contract 0 341,483 0 miscellaneous 537,767 611,379 35,344 total 5,589,235 1,398,704 35,344

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Sparrow clinton hospital holds endowments established under sparrow clinton hospital foundation. The endowments reported are the endowments of sparrow clinton hospital and sparrow foundation. Sparrow health system is the sole member of both sparrow clinton hospital and sparrow foundation. The endowments are maintained to provide a permanent source of income, with the stipulation the principal is kept intact in perpetuity and the income generated from investments of the endowment funds can be used for the purpose established by the endowment.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$223$11.7$211$79.3$58.5$20.8
2023Detailed filing. Detailed filing data is available for this year.$193$10.8$182$36.7$26.3$10.4
2022Detailed filing. Detailed filing data is available for this year.$179$11.5$167$71.5$52.6$19.0
2021Detailed filing. Detailed filing data is available for this year.$188$11.8$177$67.9$47.5$20.4
2020Detailed filing. Detailed filing data is available for this year.$168$10.7$157$55.2$44.1$11.1
2019Detailed filing. Detailed filing data is available for this year.$148$8.78$139$56.1$46.7$9.40
2018Detailed filing. Detailed filing data is available for this year.$128$8.33$120$56.7$45.0$11.7
2017Detailed filing. Detailed filing data is available for this year.$130$8.14$122$50.1$42.9$7.17
2016Detailed filing. Detailed filing data is available for this year.$130$22.3$107$46.9$41.1$5.72
2015Detailed filing. Detailed filing data is available for this year.$113$13.4$99.1$50.7$41.8$8.90
2014Detailed filing. Detailed filing data is available for this year.$109$13.3$95.3$49.5$39.8$9.73
2013Summary only. Only limited summary data is available for this year.$99.0$13.3$85.7$50.3$42.5$7.76
2012Summary only. Only limited summary data is available for this year.$87.3$12.2$75.1$50.0$41.6$8.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.1$10.7$63.4$41.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$11.4$55.4$38.0