IRS Form 990 · EIN 47-1156297

Munson Healthcare Cadillac

Traverse City, MI 49684-2345 · Tax year 2023

NTEE E20Hospital

$131.4M

Total revenue

$126.6M

Total expenses

$97K

Net income

0.1%

Operating margin

Financial summary

Compared to 12 organizations with NTEE E20 in MI

Avg revenue (peers)

$120.4M

This org:$131.4M

Avg net income (peers)

$555K

This org:$97K

Avg top exec comp (peers)

$391K

This org (highest):$832K

40 officers + key employees from the most recent Schedule J filing (FY2022; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
DAVID HOBBS MD	PHYSICIAN	40	$644K	$832K
KENT BOWDEN DO	PHYSICIAN	40	$614K	$752K
PAUL BIZZIGOTTI MD	ORTHOPEDIC S	40	$468K	$642K
LOUIS TEGTMEYER DO	SURGEON	40	$405K	$528K
EDWIN A NESS	DIRECTOR	2	—	$229K
KATHRYN BANDFIELD-KEOUGH	VP PATIENT C	40	$108K	$181K
LAURA GLENN	PRESIDENT AM	2	—	$104K
PETER MARINOFF	PRESIDENT	40	—	$70K
ELLEN SMITH	COO PHYSICIA	2	—	$58K
CRISTEN BRANDSMA	COO/CNO	7	$30K	$35K
KATHLEEN LARAIA	VP ONCOLOGY	2	—	$32K
KATHLEEN MALY	INTERIM CFO	2	—	$32K
CASEY KANDOW	VP ANCILLARY	2	—	$28K
ALICIA MAITLAND	CFO PT-YR	2	—	$28K
TONYA SMITH	DIRECTOR	1	—	$23K
LYNNE MCCORMICK DO	PHYSICIAN	1	$3K	$3K
KATHY DIXON	DIRECTOR	—	—	—
MARLENE HULTEEN	DIRECTOR	—	—	—
DOUG LUCIANI	DIRECTOR	—	—	—
DAVID MCCURDY	DIRECTOR	—	—	—
RUTH HOPPE MD	SECRETARY	—	—	—
KIM MORLEY	DIRECTOR	—	—	—
TIM NELSON	TREASURER	—	—	—
BRIAN POSTMA	DIRECTOR	—	—	—
OWEN ROBERTS	DIRECTOR	—	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	$131.4M	$126.6M	$97K	$50.4M
2022	$133.0M	$120.0M	$-171K	$79.6M
2021	$123.9M	$110.0M	$-20K	$113.4M
2020	$111.5M	$101.6M	$-8K	$96.6M
2019	$112.1M	$104.0M	$-32K	$71.1M
2018	$98.9M	$97.6M	$-7K	$50.2M
2017	$88.4M	$87.3M	$-11K	$43.6M
2016	$84.9M	$83.5M	$1.4M	$40.1M
2015	$31.7M	$30.7M	$1.1M	$41.7M

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