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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Memorial Hospital

Memorial Hospital

Fiscal year ending 2019. Filed on November 5, 2020.

826 West King Street
Owosso, Michigan 48867

Memorial Hospital (EIN: 38-1358208), also known as Memorial Healthcare, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 13 out of 1,339 total employees. Among the employees shown here, the average compensation is $552,299. The highest compensated employee at Memorial Hospital is Rany Aburashed with fiscal year 2019 compensation of $855,100.

Revenue, expenses, and employee compensation

Revenue

$217,789,484

Expenses

$202,026,538

Employee compensation

$96,625,302
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rany Aburashed
Physician
$855,100
$827,932 No related comp$27,168
Ashraf Elbanna
Physician
$848,369
$834,649 No related comp$13,720
Brian Long
President and Chief Executive Officer
$778,810
$756,241 No related comp$22,569
Michael Schmidt, Do
Chief of Staff
$718,135
$690,735 No related comp$27,400
Tarek Pacha
Physician
$694,022
$668,508 No related comp$25,514
Joseph Palazeti
Physician
$654,135
$626,736 No related comp$27,399
Lisa Lepain
Physician
$639,941
$616,413 No related comp$23,528
James Nemeth
Vice President, Nursing
$423,932
$397,123 No related comp$26,809
Joseph Bustamante
Chief Medical Officer
$409,130
$382,365 No related comp$26,765
Colleen Koppenhaver
Executive Vice President and Chief Financial Officer
$369,235
$345,785 No related comp$23,450
Michael Kramer, Do
Board Member
$366,944
$353,600 No related comp$13,344
Anthony Patsy, Do
Board Member
$324,772
$299,064 No related comp$25,708

Benchmark Employee Compensation

Non-Employee Board Members

Barbara Bakeromerod
Board Member
Dale Espich
Board Member
Donna McAvoy
Board Member
Frank Fear
Board Member
Gregory Bontrager
Board Vice Chair
Jacklyn Hurd
Board Member
James Civille
Board Member
Jerry Walden
Secretary
John Hagel
Board Member
Shana Espinoza
Board Member
Thomas Campbell
Board Member
Tony Young
Board Chair

Contractors

Indigo Hospital Medicine
Contracted Hospitals
$3,251,905
Alliance Hni LLC
Rental of Equipment
$1,532,841
Ecs Central Michigan
Contracted Emergency Room Physicians
$1,285,688
Comphealth
Medical Staffing
$1,135,110
Mckeen & Associates PC
Medical Malpractice
$950,000

Mission Statement

TO PROMOTE HEALTH AND PROVIDE QUALITY COMPASSIONATE HEALTHCARE IN OUR REGION THROUGH A COMMITMENT TO SERVICE EXCELLENCE, TEAMWORK AND INNOVATION.

Revisions to this organization profile

November 13, 2025:
2024 Memorial Hospital 990 filed
November 15, 2024:
2023 Memorial Hospital 990 filed
November 14, 2023:
2022 Memorial Hospital 990 filed

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