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Filing year 2023

MUNSON HEALTHCARE FOUNDATIONS

Traverse City, Michigan·EIN 38-2642724·501(c)(3)
Total revenue
$17.4M
Total assets
$81.7M
Total expenses
$9.9M
Reported officers
14
Mission

INSPIRING CHARITABLE SUPPORT TO ENHANCE HEALTH CARE FOR THE PEOPLE OF NORTHERN MICHIGAN. THE PURPOSES FOR WHICH MUNSON HEALTHCARE FOUNDATIONS IS ORGANIZED ARE: A) TO PROVIDE SUPPORT FOR THE OBJECTS AND PURPOSES OF MUNSON HEALTHCARE, A MICHIGAN NONPROFIT CORPORATION AND ITS AFFILIATES; B) TO ASSIST IN A CHARITABLE MANNER, IN THE ACCOMPLISHMENT OF THE HEALTH CARE PURPOSES OF MUNSON HEALTHCARE AND ITS AFFILIATES; C) TO OBTAIN FUNDS TO SUPPORT PUBLIC CHARITIES IN THE AREA OF HEALTH MAINTENANCE, EDUCATION AND PREVENTION OF DISEASES; D) TO PROVIDE A BENEFIT TO MUNSON HEALTHCARE AND ITS AFFILIATES BY DISTRIBUTING INCOME OR TRANSFERRING ASSETS TO OR OTHERWISE SUPPORTING THEM; E) TO PARTICIPATE TO THE FULLEST EXTENT POSSIBLE WITHIN THE RESTRICTIONS OF THE CORPORATION'S FUNDS AND ASSETS IN ANY ACTIVITY DESIGNED AND CARRIED ON TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY; F) TO PARTICIPATE IN ESTABLISHING AND ACHIEVING MUNSON HEALTHCARE'S REGIONAL FUNDRAISING TARGETS AND GOALS IN ACCORDANCE WIT

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director
Board Member
Above 90th percentile
$252k
$278k
CFO
25th percentile to median
$87k
$96k
President
10th to 25th percentile
$38k
$42k
Former Inter
Former Officer/director/trustee
Below 10th percentile
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 10%
from 2022

From $229k in 2022 to $252k in 2023.

$229k
2022
$252k
2023
In today's dollarsEst.
Up 6% in real terms$263k to $278k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2022 to 2023, while revenue rose 57%.

$229k in 2022 to $252k in 2023.
  • Chief Financial Officer pay rose 169% from 2022 to 2023.
  • Chief Executive Officer pay rose 7% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MUNSON HEALTHCARE FOUNDATIONS reported revenue and expenses across 2 filing years.

RevenueExpenses
$11.1M
$16.2M
2022
$17.4M
$9.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MUNSON HEALTHCARE FOUNDATIONS

What does the Board Member of MUNSON HEALTHCARE FOUNDATIONS earn?

In 2023, the Board Member of MUNSON HEALTHCARE FOUNDATIONS received $251,955 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at MUNSON HEALTHCARE FOUNDATIONS compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at MUNSON HEALTHCARE FOUNDATIONS falls in the top 10%.

What are MUNSON HEALTHCARE FOUNDATIONS's revenue and expenses?

In 2023, MUNSON HEALTHCARE FOUNDATIONS reported $17.4M in total revenue and $9.9M in total expenses on its IRS Form 990.

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