Mymichigan Medical Center Tawas Foundation
Mymichigan Medical Center Tawas Foundation maintains strong asset growth with zero executive compensation, despite fluctuating annual revenues and occasional operating losses.
EIN: 10790428 · Midland, MI · NTEE: E112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $777K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.2M |
| Transparency Score | 85/100 |
Is Mymichigan Medical Center Tawas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mymichigan Medical Center Tawas Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mymichigan Medical Center Tawas Foundation
Mymichigan Medical Center Tawas Foundation (EIN: 10790428) is a nonprofit organization based in Midland, MI, classified under NTEE code E112. The organization reported total revenue of $3.0M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mymichigan Medical Center Tawas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mymichigan Medical Center Tawas Foundation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $777K |
| Surplus / Deficit | $-173,484 |
| Total Assets | $6.2M |
| Total Liabilities | $6K |
| Net Assets | $6.2M |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 95.2 months |
Financial Health Grade: B
In 2023, Mymichigan Medical Center Tawas Foundation reported a deficit of $173K with expenses exceeding revenue, holds 95.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mymichigan Medical Center Tawas Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.7% | +211.4% | -7.0% |
| 2022 | +213.3% | +175.3% | -8.5% |
| 2021 | -51.6% | -50.1% | +24.5% |
| 2020 | +375.6% | -64.9% | +15.0% |
| 2019 | -69.9% | +608.3% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Mymichigan Medical Center Tawas Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mymichigan Medical Center Tawas Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $173K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its size with assets over $6 million.
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 Mymichigan Medical Center Tawas Foundation's IRS 990 filings:
- Inconsistent annual revenue, making financial planning potentially challenging.
- Operating loss in the most recent period (2023), where expenses ($776,960) exceeded revenue ($603,476).
Strengths
The following positive indicators were identified for Mymichigan Medical Center Tawas Foundation:
- Consistent asset growth, from $2.1 million in 2015 to $6.1 million in 2023.
- Zero executive compensation reported across all filings, indicating high efficiency and dedication to mission.
- Low liabilities relative to assets in most periods, suggesting strong financial solvency.
- Long filing history (13 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Mymichigan Medical Center Tawas Foundation
Is Mymichigan Medical Center Tawas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mymichigan Medical Center Tawas Foundation (EIN: 10790428) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Mymichigan Medical Center Tawas Foundation spend its money?
Mymichigan Medical Center Tawas Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mymichigan Medical Center Tawas Foundation tax-deductible?
Mymichigan Medical Center Tawas Foundation is registered as a tax-exempt nonprofit (EIN: 10790428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mymichigan Medical Center Tawas Foundation CEO make?
Mymichigan Medical Center Tawas Foundation's highest-compensated officer earns $6 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mymichigan Medical Center Tawas Foundation's spending goes to programs?
Mymichigan Medical Center Tawas Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mymichigan Medical Center Tawas Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mymichigan Medical Center Tawas Foundation is above average for NTEE category E112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mymichigan Medical Center Tawas Foundation located?
Mymichigan Medical Center Tawas Foundation is headquartered in Midland, Michigan and files with the IRS under EIN 10790428. It is classified under NTEE code E112.
How many years of IRS 990 filings does Mymichigan Medical Center Tawas Foundation have?
Mymichigan Medical Center Tawas Foundation 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 $3.0M in total revenue.
Is Mymichigan Medical Center Tawas Foundation a good charity?
Based on the available data, the foundation appears to be a good charity. It consistently reports zero executive compensation, indicating a strong commitment to directing funds towards its mission. Its assets have grown significantly over the past decade, suggesting sound financial management. However, potential donors might want to inquire about the specific allocation of expenses between programs, administration, and fundraising, as detailed breakdowns are not provided in this summary.
How has the foundation's financial health changed over time?
The foundation's financial health has generally improved, with assets growing from $2.1 million in 2015 to $6.1 million in 2023. While annual revenues and expenses have fluctuated, the overall trend in net assets is positive, demonstrating long-term financial stability.
What is the significance of 0% officer compensation?
The 0% officer compensation is a significant strength, indicating that the foundation's leadership is either volunteer-based or compensated by an affiliated entity, allowing a greater proportion of donor contributions to directly support the foundation's charitable activities rather than executive salaries.
Filing History
IRS 990 filing history for Mymichigan Medical Center Tawas Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mymichigan Medical Center Tawas Foundation's revenue has declined by 44.5%, moving from $1.1M to $603K. Total assets increased by 399.7% over the same period, from $1.2M to $6.2M. Total functional expenses rose by 231.8%, from $234K to $777K. In its most recent filing year (2023), Mymichigan Medical Center Tawas Foundation reported a deficit of $173K, with expenses exceeding revenue. The organization holds $6K in liabilities against $6.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $777K | $6.2M | $6K | — | View 990 |
| 2022 | $1.1M | $250K | $6.6M | $95K | — | View 990 |
| 2021 | $361K | $91K | $7.2M | $5K | — | — |
| 2020 | $746K | $182K | $5.8M | $12K | — | View 990 |
| 2019 | $157K | $517K | $5.1M | $8K | — | View 990 |
| 2018 | $522K | $73K | $5.4M | $0 | — | View 990 |
| 2017 | $1.4M | $37K | $4.8M | $0 | — | View 990 |
| 2016 | $1.7M | $264K | $3.2M | $0 | — | View 990 |
| 2015 | $585K | $366K | $2.1M | $0 | — | View 990 |
| 2014 | $222K | $79K | $2.3M | $0 | — | View 990 |
| 2013 | $222K | $128K | $1.9M | $0 | — | View 990 |
| 2012 | $479K | $75K | $1.6M | $0 | — | View 990 |
| 2011 | $1.1M | $234K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $777K, and assets of $6.2M (revenue -46.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $250K, and assets of $6.6M (revenue +213.3% year-over-year).
- 2021: Revenue of $361K, expenses of $91K, and assets of $7.2M (revenue -51.6% year-over-year).
- 2020: Revenue of $746K, expenses of $182K, and assets of $5.8M (revenue +375.6% year-over-year).
- 2019: Revenue of $157K, expenses of $517K, and assets of $5.1M (revenue -69.9% year-over-year).
- 2018: Revenue of $522K, expenses of $73K, and assets of $5.4M (revenue -61.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $37K, and assets of $4.8M (revenue -18.4% year-over-year).
- 2016: Revenue of $1.7M, expenses of $264K, and assets of $3.2M (revenue +183.9% year-over-year).
- 2015: Revenue of $585K, expenses of $366K, and assets of $2.1M (revenue +163.3% year-over-year).
- 2014: Revenue of $222K, expenses of $79K, and assets of $2.3M (revenue +0.1% year-over-year).
- 2013: Revenue of $222K, expenses of $128K, and assets of $1.9M (revenue -53.7% year-over-year).
- 2012: Revenue of $479K, expenses of $75K, and assets of $1.6M (revenue -55.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $234K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mymichigan Medical Center Tawas Foundation:
Data Sources and Methodology
This transparency report for Mymichigan Medical Center Tawas Foundation 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.