TRINITAS FOUNDATION (EIN 222353773) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

LAURA CIRACO

Phone

9733224032

Tax Period

2023-01-01 to 2023-12-31

TRINITAS FOUNDATION, founded in 2001, is a community nonprofit in the Health Care sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $12.9M exceeded revenue, resulting in a 289% operating deficit.

Mission

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF TRINITAS REGIONAL MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,086,126

Program Service Revenue $1,117,149

Investment Income $90,834

Other Revenue $14,044

TOTAL REVENUE $3,308,153

Expense Breakdown

Grants Paid $11,959,570

Salaries & Benefits $0

Fundraising Expenses $835,461

Program Expenses $11,959,570

Other Expenses $897,093

TOTAL EXPENSES $12,856,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,308,153	$3,689,344	-0.1%
Expenses	$12,856,663	$3,705,263	+2.5%
Net Income	$-9,548,510	$-15,919	+598.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,101,011

Total Directors

$6,101,011

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY S HORAN FACHE	trst-trmc pres./CEO(TERM 4/23)	55.0	Officer Director	$0	$2,293	$3,722,878
KAREN LUMPP	trst-trmc svp/cfo (term 10/23)	55.0	Officer Director	$0	$3,156	$1,366,382
NANCY DILIEGRO	trst-trmc pres./ceo (eff 4/23)	55.0	Officer Director	$0	$113,722	$726,197
LAURA CIRACO	TRUSTEE - ASST SEC. - CDO	55.0	Officer Director	$0	$40,886	$285,554
NADINE BRECHNER	FORMER OFFICER	55.0		$0	$0	$216,196
ELI KRAMER	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
ELLEN H KREVSKY	1ST VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
PAULA BROTMAN	2ND VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
MARCY METZ	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
GRANT HOBSON	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
VANESSA ALAM	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN J BONVENTRE	TRUSTEE	1.0	Director	$0	$0	$0
CHERYL BRUNETTI	TRUSTEE	1.0	Director	$0	$0	$0
CRAIG DOMALEWSKI	TRUSTEE	1.0	Director	$0	$0	$0
CATHERINE J FLYNN ESQ	TRUSTEE	1.0	Director	$0	$0	$0
SUSAN HEAD	TRUSTEE	1.0	Director	$0	$0	$0
FRANK D ISOLDI	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS S KACHELRIESS	TRUSTEE	1.0	Director	$0	$0	$0
JASON KAHANE	TRUSTEE	1.0	Director	$0	$0	$0
EUGENE C KENNEDY MD	TRUSTEE	1.0	Director	$0	$0	$0
JAN MARGOLIS	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS MCFADDEN	TRUSTEE	1.0	Director	$0	$0	$0
LEON PIRAK MD	TRUSTEE	1.0	Director	$0	$0	$0
MARGARET ROBINSON	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH L SANTO	TRUSTEE	1.0	Director	$0	$0	$0
DE SNOOK	TRUSTEE	1.0	Director	$0	$0	$0
TOMASZ M STACHOWIAK	TRUSTEE	1.0	Director	$0	$0	$0
LINDA STAMLER	TRUSTEE	1.0	Director	$0	$0	$0
ROSARIA A SURIANO ESQ	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA COLACO	TRUSTEE (TERMED 2/16/23)	1.0	Director	$0	$0	$0
GLENN MILLER	RWJBH CHIEF DEV. OFFICER	0.0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,308,153	$12,856,663	$7,304,212	$-9,548,510
2022	$3,689,344	$3,705,263	$15,389,954	$-15,919
2021	$7,057,479	$4,129,563	$14,958,851	$2,927,916
2020	$6,897,983	$3,762,457	$11,697,519	$3,135,526
2019	$5,562,775	$5,533,957	$8,221,178	$28,818
2018	$4,690,710	$6,634,095	$7,734,157	$-1,943,385

TRINITAS FOUNDATION