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Filing year 2023

THE CARDIAC INSTITUTE

Petoskey, Michigan·EIN 26-2774689·NTEE E30 · Health Care·501(c)(3)
Total revenue
$64k
Total assets
$1.4M
Total expenses
$20
Reported officers
12
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.

Executive compensation

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Health Care organizations in Michigan.

VP - CMO - Part Year
Vice President
10th to 25th percentile
$39k
$43k
Chairman & President/ceo - Part Year
Board Chair
25th percentile to medianvs Health Care peers nationwide
$34k
$38k
Treasurer/vp of Finance/cfo
Officer (Unspecified)
$32k
$36k
VP Philanthropy
Vice President
10th to 25th percentile
$28k
$30k
VP Patient Svcs Cno
Vice President
10th to 25th percentile
$28k
$30k
Secretary/vp Operations - Part Year
Officer (Unspecified)
$14k
$15k
VP Human Resources - Part Year
Vice President
10th to 25th percentile
$14k
$15k
Former VP of Patient Svcs Cno
Board Vice President
Below 10th percentile
$10k
$11k
Chairman & President/ceo
Board Chair
Below 10th percentilevs Health Care peers nationwide
$3k
$3k
Former Secretary & VP Patient Care
Board Vice President
Below 10th percentile
$729
$805

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 2 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE CARDIAC INSTITUTE equaled 192,865% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
192,865%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 72%
from 2022

From $137k in 2022 to $39k in 2023.

$137k
2022
$39k
2023
In today's dollarsEst.
Down 73% in real terms$157k to $43k

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

Vice President pay rose 11% from 2022 to 2023, while revenue fell 13%.

$35k in 2022 to $39k in 2023.
  • Board Chair pay fell 75% from 2022 to 2023.
  • Board Vice President pay fell 42% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CARDIAC INSTITUTE

What does the Vice President of THE CARDIAC INSTITUTE earn?

In 2023, the Vice President of THE CARDIAC INSTITUTE received $38,573 in total compensation. This pay is in the bottom quarter for Vice President roles among Health Care organizations in Michigan, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at THE CARDIAC INSTITUTE compare with similar nonprofits?

Compared with the same role at Health Care organizations in Michigan, the 2023 pay of the Vice President at THE CARDIAC INSTITUTE falls between the 10th and 25th percentiles. In 2023, the highest total compensation at THE CARDIAC INSTITUTE equaled 192,865% of the organization's total expenses. The median for health care organizations is 4%.

What are THE CARDIAC INSTITUTE's revenue and expenses?

In 2023, THE CARDIAC INSTITUTE reported $64k in total revenue and $20 in total expenses on its IRS Form 990.

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