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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 2016. Filed on August 11, 2017.

416 Connable Avenue
Petoskey, Michigan 49770

The Cardiac Institute (EIN: 26-2774689), also known as Michigan Heart and Vascular Speciali, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, The Cardiac Institute, a 501(c)(3) charitable organization, reported compensation for 18 out of 93 total employees. Among the employees shown here, the average compensation is $528,387. The highest compensated employee at The Cardiac Institute is Louis Cannon with fiscal year 2016 compensation of $958,607.

Revenue, expenses, and employee compensation

Revenue

$5,808,029

Expenses

$10,983,287

Employee compensation

$8,843,685
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Louis Cannon
Physician
$958,607
$582,726 $352,436 $23,445
David Zechman
Chairman and President/Ceo
$792,570
$0 $612,630 $179,940
David Corteville
Physician
$776,615
$412,564 $342,489 $21,562
Harry Colfer
Physician
$720,322
$569,756 $129,830 $20,736
Thomas Earl
Physician
$651,397
$491,902 $136,769 $22,726
Duane W Schuil
Physician
$647,930
$533,516 $91,688 $22,726
Naomi A Overton
Physician
$641,054
$468,701 $156,858 $15,495
Chris W Akins
Physician
$588,296
$0 $564,851 $23,445
Gerald A Gadowski, Do
Physician
$587,895
$329,579 $234,871 $23,445
Waleed Doghmi
Physician
$527,662
$507,700 No related comp$19,962
Jason Ricci
Physician
$437,663
$282,392 $132,545 $22,726
David Bellamy
Treasurer/Vp of Finance/Cf
$415,113
$0 $405,200 $9,913

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Chippewa County War Memorial Hospital IN
Physician
$319,600

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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