TRINITAS HEALTHCARE CORPORATION (EIN 222473652) - 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

1983

Legal Domicile

Principal Officer

VICTOR M RICHEL

Phone

9733224032

Tax Period

2023-01-01 to 2023-12-31

TRINITAS HEALTHCARE CORPORATION, founded in 1983, is a community nonprofit in the Health Care sector that reported $6.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.2M left a modest 11% surplus.

Mission

TO PROVIDE THERAPEUTIC, DIAGNOSTIC AND BEHAVIORIAL SERVICES IN A NON-DISCRIMINATORY MANNER REGARDLESS OF AN INDIVIDUAL'S RACE, COLOR, CREED, SEX, NAT'L ORIGIN OR ABILITY TO PAY

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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 $0

Program Service Revenue $6,719,562

Investment Income $0

Other Revenue $173,153

TOTAL REVENUE $6,892,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,546,013

Other Expenses $6,162,236

TOTAL EXPENSES $6,162,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,892,715	$6,263,884	+0.1%
Expenses	$6,162,236	$5,652,115	+0.1%
Net Income	$730,479	$611,769	+0.2%

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

N/A

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

$5,815,457

Total Directors

$5,815,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY S HORAN	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
VICTOR M RICHEL	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
PAUL PATTEN	SECRETARY/TREASUER - TRUSTEE	1.0	Officer Director	$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	$6,892,715	$6,162,236	$13,018,115	$730,479
2022	$6,263,884	$5,652,115	$6,068,221	$611,769
2021	$5,870,866	$5,197,358	$5,447,874	$673,508
2020	$5,447,698	$5,152,410	$4,892,258	$295,288
2019	$6,162,676	$5,760,766	$5,624,891	$401,910
2018	$5,365,867	$5,272,403	$5,263,651	$93,464

TRINITAS HEALTHCARE CORPORATION