IRS Form 990 · EIN 20-8756459

Mackinac Straits Health System Inc

Saint Ignace, MI 49781-1013 · Tax year 2023

NTEE E21Hospital System

$69.3M

Total revenue

$64.7M

Total expenses

$4.7M

Net income

6.7%

Operating margin

Financial summary

Hospital-specific data — what the org reports to defend tax-exempt status

Compared to 41 organizations with NTEE E21 in MI

Avg revenue (peers)

$752.2M

This org:$69.3M

Avg net income (peers)

$2.2M

This org:$4.7M

Avg top exec comp (peers)

$219K

This org (highest):$474K

21 officers + key employees reported on Schedule J

Name	Title	Hours/wk	Base comp	Total comp
SUSAN STRICH	CHIEF OF STAFF	40	$400K	$474K
MATTHEW BOWES	PHYSICIAN	40	$401K	$466K
AMY BOLMER	PHYSICIAN	40	$336K	$393K
GREGORY HESSLER	PHYSICIAN	40	$298K	$361K
ROBERT SHARON	PHYSICIAN	40	$298K	$341K
KAREN CHEESEMAN	CEO	40	$277K	$338K
ANGELA DESANTIS	PHYSICIAN	40	$300K	$322K
LORETTA LEJA	CHIEF OF STAFF - POST & PHYSICIAN	40	$271K	$321K
LENE HEINLEN	CHIEF OF STAFF - ELECT & PHYSICIAN	40	$243K	$297K
JASON ANDERSON	CFO	40	$111K	$157K
RYAN SPEAS	CFO (THRU SEP 2023)	40	$124K	$134K
RD MUSSER III	BOARD MEMBER	1	—	—
RICHARD SMITH	BOARD MEMBER	1	—	—
LYDIA WATSON	BOARD MEMBER	1	—	—
MARGARET DOUD	SECRETARY OF BOARD	1	—	—
JAMES NORTH	TREASURER OF BOARD	1	—	—
PATRICK SHANNON	VICE CHAIRMAN OF BOARD	1	—	—
STEVE AUTORE	CHAIRMAN OF BOARD	1	—	—
BRYAN CROSS	BOARD MEMBER	1	—	—
CHRISTINE MCPHERSON	BOARD MEMBER	1	—	—
PRENTISS BROWN	BOARD MEMBER	1	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	$69.3M	$64.7M	$4.7M	$54.9M
2022	$67.3M	$59.8M	$7.5M	$55.9M
2021	$58.9M	$53.8M	$5.2M	$52.5M
2020	$52.3M	$52.0M	$242K	$42.8M
2019	$48.1M	$47.6M	$3K	$42.5M
2018	$47.3M	$45.8M	$-20K	$44.3M
2017	$42.1M	$41.9M	$30K	$42.8M
2016	$41.1M	$41.9M	$3K	$45.9M
2015	$35.0M	$42.4M	$-13K	$50.1M
2014	$31.4M	$36.4M	$13K	$47.6M

This organization appears to be a hospital. Explore additional data sources: