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THE CARDIAC INSTITUTE

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Public IRS 990 nonprofit record

THE CARDIAC INSTITUTE

EIN 26-2774689 · Ambulatory & Primary Health Care (E30)

What they do

OUR MISSION is to HELP PEOPLE to LIVE LONGER, HEALTHIER LIVES WITH DIGNITY, and to USE ALL of OUR RESOURCES to GIVE THEM EVERYTHING THEY EXPECT and DESERVE IN COMPREHENSIVE CARDIOVASCULAR CARE for THEIR FAMILIES and THEMSELVES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$0.06spent for every $100 of revenueRevenue covered expenses this year.
0.03%of revenue went to management and office costs100.0% of expenses
$67,548.35in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $38,573 for ANDREW MCDONAGH (VP - CMO - PART YEAR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$63,887
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$200.03% of revenue100.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$63,86799.97% of revenueShown in gray on the chart
Total expenses$200.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 0.03% of revenue
2022Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 1.43% of revenue
2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 1.42% of revenue
2020Expense mix: 68.9% mission · 31.1% management · 0.0% fundraisingTotal expenses: 23.54% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 14.87% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 2.51% of revenue
2016Expense mix: 72.9% mission · 27.1% management · 0.0% fundraisingTotal expenses: 3,300.58% of revenue
2015Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 189.11% of revenue

Money in and money out

Revenue$32,012
Expenses$20
Annual surplus $31,992 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$20 · 100.0% of expenses
See all reported dollar amounts
Revenue$32,012
Expenses$20
Assets$1,350,967
Income$32,012
Management and general$20
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ANDREW MCDONAGHVP - CMO - PART YEAR · 1 hrs/week $38,573Base · Other $38,573
TODD BURCHCHAIRMAN & PRESIDENT/CEO - PART YEAR · 1 hrs/week $33,953Base · Other $33,953
MICHAEL PRUSAITISTREASURER/VP OF FINANCE/CFO · 3 hrs/week $32,264Base · Other $32,264
JULIE JAREMAVP PHILANTHROPY · 1 hrs/week $27,594Base · Other $27,594
DAVID MONANVP PATIENT SVCS CNO · 1 hrs/week $27,522Base · Other $27,522
SHARI SCHULTSECRETARY/VP OPERATIONS - PART YEAR · 2 hrs/week $13,719Base · Other $13,719
BRENT MALLEKVP HUMAN RESOURCES - PART YEAR · 3 hrs/week $13,601Base · Other $13,601
LAURA DANIELFORMER VP OF PATIENT SVCS CNO · 1 hrs/week $10,024Base · Other $10,024
GARFIELD ATCHISONCHAIRMAN & PRESIDENT/CEO · 1 hrs/week $2,770Base · Other $2,770
JENNIFER WOODSFORMER SECRETARY & VP PATIENT CARE · 2 hrs/week $729Base · Other $729

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

ANDREW MCDONAGHVP - CMO - PART YEAR

TODD BURCHCHAIRMAN & PRESIDENT/CEO - PART YEAR

MICHAEL PRUSAITISTREASURER/VP OF FINANCE/CFO

JULIE JAREMAVP PHILANTHROPY

DAVID MONANVP PATIENT SVCS CNO

SHARI SCHULTSECRETARY/VP OPERATIONS - PART YEAR

BRENT MALLEKVP HUMAN RESOURCES - PART YEAR

LAURA DANIELFORMER VP OF PATIENT SVCS CNO

GARFIELD ATCHISONCHAIRMAN & PRESIDENT/CEO

JENNIFER WOODSFORMER SECRETARY & VP PATIENT CARE

DEBBIE ROSENBURGFORMER VP OF HUMAN RESOURCES

JOHN KENNEDYVP - CMO - STARTED 2024

About this charity

Recognized since
January 2011
Location
416 CONNABLE AVE, PETOSKEY, MI 49770-2212
County
Emmet
In care of
% TOM MROCZKOWSKI
Primary officer
GARFIELD ATCHISON, CEO

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
PLANTE & MORAN PLLC
NTEE classification
Ambulatory & Primary Health Care (E30)
IRS tax category
Ambulatory & Primary Health Care

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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