GRIFFIN HEALTH SERVICES CORPORATION (EIN 222560257) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

PATRICK CHARMEL

Phone

2037327528

Tax Period

2023-10-01 to 2024-09-30

GRIFFIN HEALTH SERVICES CORPORATION, founded in 1984, is a micro nonprofit in the Health Care sector that reported $626K in total revenue in fiscal year 2023. Revenue fell 200% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS THE PARENT COMPANY OF THE GRIFFIN HOSPITAL, (SEE SCHEDULE O)GRIFFIN FACULTY PHYSICIANS, INC., HEALTHCARE ALLIANCE INSURANCE COMPANY, LTD, GH VENTURES, INC., THE GRIFFIN HOSPITAL DEVELOPMENT FUND, INC., AND PLANETREE INTERNATIONAL, INC.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-626,430

Other Revenue $0

TOTAL REVENUE $-626,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-626,430	$626,453	-2.0%
Expenses	N/A	$567,583	-1.0%
Net Income	N/A	$58,870	N/A

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$478,194

Total Directors

$1,908,877

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK BROWNE MD	DIRECTOR	0.15	Director	$0	$47,176	$500,391
PATRICK A CHARMEL	DIRECTOR	1.00	Director	$0	$40,515	$1,010,141
DONNA DIGIANVITTORIO	DIRECTOR (TILL 1/1/24)	0.15	Director	$0	$0	$0
NANCY DINARDO	FIRST VICE CHAIRMAN	0.15	Officer Director	$0	$0	$0
JEAN CRUM JONES MPH RD	DIRECTOR	0.15	Director	$0	$0	$0
GEORGE MITCHELL JR	DIRECTOR	0.15	Director	$0	$0	$0
MARK PETERSON	DIRECTOR	0.15	Director	$0	$0	$0
ROBERT G REISS	DIRECTOR	0.15	Director	$0	$0	$0
GERALD T WEINER ESQ	SECRETARY	0.15	Officer Director	$0	$0	$0
PHILIP WHITE	CHAIRMAN	0.15	Officer Director	$0	$0	$0
FREDERICK STANEK ESQ	DIRECTOR	0.15	Director	$0	$0	$0
LAURA MARASCO	DIRECTOR	0.15	Director	$0	$0	$0
EDWARD J MCCREERY III ESQ	DIRECTOR (TILL 1/1/24)	0.15	Director	$0	$0	$0
JOSEPH ANDREANA	DIRECTOR	0.15	Director	$0	$0	$0
KENNETH BALDYGA	TREASURER	0.15	Officer Director	$0	$0	$0
JOHN W BETKOSKI III	IMMEDIATE PAST CHAIRMAN	0.15	Officer Director	$0	$0	$0
THEMIS KLARIDES	THIRD VICE CHAIRMAN	0.15	Officer Director	$0	$0	$0
GEORGE S LOGAN	SECOND VICE CHAIRMAN	0.15	Officer Director	$0	$0	$0
JOHN J ZAPRZALKA	DIRECTOR	0.15	Director	$0	$0	$0
JAMES TICKEY	DIRECTOR	0.15	Director	$0	$0	$0
JOSEPH SOKOL MD	DIRECTOR	0.15	Director	$0	$0	$0
ROMAN SPIVAK MD	DIRECTOR (JOINED 1/1/24)	0.15	Director	$0	$30,839	$398,345
ALEXANDER S BALKO	CFO/ VP FINANCE	1.00	Officer	$0	$42,212	$478,194

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	$-626,430	No data	$1,992,452	No data
2023	$626,453	$567,583	$3,361,569	$58,870
2022	$950,983	$649,776	$3,258,348	$301,207
2021	$700,675	$634,513	$5,707,496	$66,162
2020	$527,244	$634,189	$5,283,062	$-106,945
2019	$837,707	$578,556	$5,592,579	$259,151
2018	$459,376	$579,866	$5,341,631	$-120,490

GRIFFIN HEALTH SERVICES CORPORATION