Mackinac Straits Health System Inc
Mackinac Straits Health System shows consistent revenue growth but carries significant liabilities.
EIN: 208756459 · Saint Ignace, MI · NTEE: E21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90.0M |
| Total Expenses | $64.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $-9,020,856 |
| Transparency Score | 70/100 |
Is Mackinac Straits Health System Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mackinac Straits Health System Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mackinac Straits Health System Inc
Mackinac Straits Health System Inc (EIN: 208756459) is a nonprofit organization based in Saint Ignace, MI, classified under NTEE code E21. The organization reported total revenue of $90.0M and total assets of $75.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mackinac Straits Health System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mackinac Straits Health System Inc is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69.3M |
| Total Expenses | $64.7M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $54.9M |
| Total Liabilities | $63.9M |
| Net Assets | $-9,020,856 |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 116.4% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Mackinac Straits Health System Inc reported a surplus of $4.7M with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 116.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mackinac Straits Health System Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +8.1% | -1.8% |
| 2022 | +14.2% | +11.2% | +6.3% |
| 2021 | +12.7% | +3.3% | +22.9% |
| 2020 | +8.8% | +9.3% | +0.6% |
| 2019 | +1.6% | +4.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mackinac Straits Health System Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mackinac Straits Health System Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 116.4%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an organization with revenues nearing $90 million and suggests that executive compensation may be reported under other expense categories or paid by a related entity, which reduces transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mackinac Straits Health System Inc's IRS 990 filings:
- High liabilities relative to assets (e.g., $63,873,854 liabilities vs. $54,852,998 assets in 202303).
- Consistent 0% reported for officer compensation, which is unusual for an organization of this size and impacts transparency.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full efficiency assessment.
Strengths
The following positive indicators were identified for Mackinac Straits Health System Inc:
- Consistent revenue growth over the past decade, from $31,436,012 in 201403 to $69,313,339 in 202303.
- Positive operating margins in recent years (e.g., $4,658,944 surplus in 202303), indicating financial health in operations.
- Growing asset base, from $47,557,933 in 201403 to $54,852,998 in 202303, supporting operational expansion.
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) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Mackinac Straits Health System Inc spend its money?
Mackinac Straits Health System Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mackinac Straits Health System Inc tax-deductible?
Mackinac Straits Health System Inc is registered as a tax-exempt nonprofit (EIN: 208756459). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mackinac Straits Health System Inc CEO make?
Mackinac Straits Health System Inc's highest-compensated officer earns $90 annually. The organization reported $90.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mackinac Straits Health System Inc's spending goes to programs?
Mackinac Straits Health System Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mackinac Straits Health System Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Mackinac Straits Health System Inc is above average for NTEE category E21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mackinac Straits Health System Inc located?
Mackinac Straits Health System Inc is headquartered in Saint Ignace, Michigan and files with the IRS under EIN 208756459. It is classified under NTEE code E21.
How many years of IRS 990 filings does Mackinac Straits Health System Inc have?
Mackinac Straits Health System Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $90.0M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these categories, making it difficult to precisely assess spending efficiency beyond total expenses.
Why is officer compensation consistently reported as 0%?
This is an unusual reporting practice for an organization of this scale and suggests that executive compensation might be categorized differently or paid by a related entity, requiring further investigation for full transparency.
What is the nature of the high liabilities relative to assets?
The organization consistently carries liabilities significantly higher than its assets (e.g., $63,873,854 liabilities vs. $54,852,998 assets in 202303), which could indicate substantial debt, long-term obligations, or other financial structures that warrant closer scrutiny for long-term stability.
How does the organization manage its increasing revenue and expenses?
The organization has shown consistent growth in both revenue and expenses, indicating an expanding operation. In 202303, revenue was $69,313,339 and expenses were $64,654,395, showing a positive operating margin.
Filing History
IRS 990 filing history for Mackinac Straits Health System Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mackinac Straits Health System Inc's revenue has grown by 160.7%, moving from $26.6M to $69.3M. Total assets increased by 23.9% over the same period, from $44.3M to $54.9M. Total functional expenses rose by 107.6%, from $31.1M to $64.7M. In its most recent filing year (2023), Mackinac Straits Health System Inc reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $63.9M in liabilities against $54.9M in assets (debt-to-asset ratio: 116.4%), resulting in net assets of $-9,020,856.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69.3M | $64.7M | $54.9M | $63.9M | — | — |
| 2022 | $67.3M | $59.8M | $55.9M | $68.1M | — | View 990 |
| 2021 | $58.9M | $53.8M | $52.5M | $73.3M | — | View 990 |
| 2020 | $52.3M | $52.0M | $42.8M | $67.0M | — | View 990 |
| 2019 | $48.1M | $47.6M | $42.5M | $64.9M | — | View 990 |
| 2018 | $47.3M | $45.8M | $44.3M | $66.1M | — | View 990 |
| 2017 | $42.1M | $41.9M | $42.8M | $65.6M | — | View 990 |
| 2016 | $41.1M | $41.9M | $45.9M | $68.3M | — | View 990 |
| 2015 | $35.0M | $42.4M | $50.1M | $69.9M | — | View 990 |
| 2014 | $31.4M | $36.4M | $47.6M | $59.3M | — | View 990 |
| 2013 | $30.8M | $31.9M | $48.1M | $56.8M | — | View 990 |
| 2012 | $29.4M | $31.0M | $48.4M | $54.9M | — | View 990 |
| 2011 | $26.6M | $31.1M | $44.3M | $49.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69.3M, expenses of $64.7M, and assets of $54.9M (revenue +3.0% year-over-year).
- 2022: Revenue of $67.3M, expenses of $59.8M, and assets of $55.9M (revenue +14.2% year-over-year).
- 2021: Revenue of $58.9M, expenses of $53.8M, and assets of $52.5M (revenue +12.7% year-over-year).
- 2020: Revenue of $52.3M, expenses of $52.0M, and assets of $42.8M (revenue +8.8% year-over-year).
- 2019: Revenue of $48.1M, expenses of $47.6M, and assets of $42.5M (revenue +1.6% year-over-year).
- 2018: Revenue of $47.3M, expenses of $45.8M, and assets of $44.3M (revenue +12.3% year-over-year).
- 2017: Revenue of $42.1M, expenses of $41.9M, and assets of $42.8M (revenue +2.5% year-over-year).
- 2016: Revenue of $41.1M, expenses of $41.9M, and assets of $45.9M (revenue +17.6% year-over-year).
- 2015: Revenue of $35.0M, expenses of $42.4M, and assets of $50.1M (revenue +11.2% year-over-year).
- 2014: Revenue of $31.4M, expenses of $36.4M, and assets of $47.6M (revenue +2.0% year-over-year).
- 2013: Revenue of $30.8M, expenses of $31.9M, and assets of $48.1M (revenue +4.7% year-over-year).
- 2012: Revenue of $29.4M, expenses of $31.0M, and assets of $48.4M (revenue +10.7% year-over-year).
- 2011: Revenue of $26.6M, expenses of $31.1M, and assets of $44.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mackinac Straits Health System Inc:
Data Sources and Methodology
This transparency report for Mackinac Straits Health System Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.