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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 The Cardiac Institute

The Cardiac Institute

Fiscal year ending 2024. Filed on August 11, 2025.

416 Connable Avenue
Petoskey, Michigan 49770

The Cardiac Institute (EIN: 26-2774689), also known as Michigan Heart and Vascular Specialists, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Cardiac Institute, a 501(c)(3) charitable organization, reported compensation for 11 employees. Among the employees shown here, the average compensation is $258,844. The highest compensated employee at The Cardiac Institute is Todd Burch with fiscal year 2024 compensation of $568,373.

Revenue, expenses, and employee compensation

Revenue

$63,887

Expenses

$20

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Burch
Chairman and President/Ceo - PART YEAR
$568,373
$0 $534,420 $33,953
Andrew McDonagh
Vice President - CMO - PART YEAR
$409,675
$0 $371,102 $38,573
Michael Prusaitis
Treasurer/Vp of Finance/Cfo
$336,090
$0 $303,826 $32,264
Brent Mallek
Vice President Human Resources - PART YEAR
$289,790
$0 $276,189 $13,601
Shari Schult
Secretary/Vp Operations - PART YEAR
$261,623
$0 $247,904 $13,719
Julie Jarema
Vice President, Philanthropy
$217,408
$0 $189,814 $27,594
David Monan
Vice President Patient SVCS CNO
$204,625
$0 $177,103 $27,522
Laura Daniel
Former Vice President of Patient SVCS CNO
$138,173
$0 $128,149 $10,024
Debbie Rosenburg
Former Vice President of Human Resources
$126,357
$0 $126,357 No other comp
Jennifer Woods
Former Secretary and Vice President Patient CARE
$36,324
$0 $35,595 $729
John Kennedy
Vice President - CMO - Started 2024
$0

Benchmark Employee Compensation

Non-Employee Board Members

Garfield Atchison
Chairman and President/Ceo
$35,615
$0 $32,845 $2,770

Mission Statement

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.

Revisions to this organization profile

August 11, 2025:
2024 The Cardiac Institute 990 filed
January 15, 2025:
Amended (originally filed August 13, 2024)2023 The Cardiac Institute 990 filed
August 9, 2023:
2022 The Cardiac Institute 990 filed

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