Is Mackinac Straits Health System Inc…

Quick charity verification for Mackinac Straits Health System Inc (EIN: 208756459)

Spending Breakdown

How Mackinac Straits Health System Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Mackinac Straits Health System Inc

Is Mackinac Straits Health System Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mackinac Straits Health System Inc (EIN: 208756459) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Mackinac Straits Health System Inc a good charity to donate to?

Mackinac Straits Health System Inc has a Mission Score of 70/100. Revenue: $90.0M. Assets: $75.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mackinac Straits Health System Inc?

The Employer Identification Number (EIN) for Mackinac Straits Health System Inc is 208756459. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Mackinac Straits Health System Inc spend its money?

Mackinac Straits Health System Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mackinac Straits Health System Inc's tax-exempt status?

You can verify Mackinac Straits Health System Inc's tax-exempt status using EIN 208756459 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Mackinac Straits Health System Inc. demonstrates a consistent pattern of growth in revenue and expenses over the past decade, indicating an expanding operational footprint. In the latest filing (202303), the organization reported revenues of $69,313,339 against expenses of $64,654,395, resulting in a positive operating margin. While the organization's assets have grown to $54,852,998, its liabilities remain substantial at $63,873,854, suggesting a reliance on debt financing or significant long-term obligations. This high liability-to-asset ratio warrants closer examination to understand its long-term financial stability.

The organization's spending efficiency appears reasonable, with expenses generally tracking closely with revenue, indicating that most incoming funds are utilized for operations. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size and could indicate that executive compensation is reported differently or is not directly paid by the nonprofit, which impacts transparency regarding leadership costs.

Overall, Mackinac Straits Health System Inc. appears to be a growing healthcare provider. However, the high liabilities relative to assets and the lack of detailed executive compensation information in the provided summary are areas that could benefit from greater transparency for a more comprehensive financial health assessment. The consistent growth in revenue and assets, despite the liabilities, suggests operational strength and demand for its services.

Is Mackinac Straits Health System Inc Legit?

Verdict: Mackinac Straits Health System Inc appears trustworthy

Red Flags

Strengths