Sparrow Ionia Hospital
Ionia, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $34,524,806↓50% | $28,555,951↓52% | $71,009,230↑8% | — |
| 2022 | $69,405,348↑5% | $59,597,353↑4% | $65,692,159↑14% | — |
| 2021 | $66,036,782↑8% | $57,402,358↑7% | $57,565,680↑25% | — |
| 2020 | $60,974,619↑5% | $53,707,432↓3% | $45,930,345↑20% | — |
| 2019 | $58,142,034↑9% | $55,262,847↑8% | $38,185,134↑11% | — |
| 2018 | $53,178,995↑9% | $50,991,600↑4% | $34,454,617↓5% | — |
| 2017 | $48,633,937↑2% | $49,199,669↑4% | $36,088,056↓13% | — |
| 2016 | $47,892,846↑21% | $47,121,668↑18% | $41,500,833↓4% | — |
| 2015 | $39,450,631↑19% | $40,011,180↑10% | $43,147,271↑237% | — |
| 2014 | $33,134,664↓6% | $36,265,676↑2% | $12,809,326↓36% | — |
| 2013 | $35,298,077↑5% | $35,689,936↑9% | $19,927,338↑28% | — |
| 2012 | $33,503,521↑9% | $32,645,529↑6% | $15,543,397↑11% | — |
| 2011 | $30,742,079↑100% | $30,669,807↑104% | $13,960,540↑18% | — |
| 2010 | $15,390,391 | $15,043,219 | $11,805,559 | — |
Frequently Asked Questions
What does Sparrow Ionia Hospital do?▼
Sparrow Ionia Hospital is a health care nonprofit organization based in Michigan. It is classified under NTEE code E21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Sparrow Ionia Hospital financially healthy?▼
Based on our 9-metric Financial Health Score model, Sparrow Ionia Hospital has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Sparrow Ionia Hospital generate?▼
Sparrow Ionia Hospital reports $74.5M in annual revenue and holds $86.1M in total assets, based on IRS filings.
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