Memorial Health Foundation Inc Retirement Employee Medical Trust (EIN 223178785) - 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

1995

Legal Domicile

Principal Officer

Michael Walter

Phone

9736606100

Tax Period

2023-01-01 to 2023-12-31

Memorial Health Foundation Inc Retirement Employee Medical Trust, founded in 1995, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 24% operating margin.

Mission

Non-Contributory Defined Benefit Health and Welfare Plan

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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 $622,377

Investment Income $8,661,080

Other Revenue $0

TOTAL REVENUE $9,283,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $281,569

TOTAL EXPENSES $7,062,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,283,457	$6,933,899	+0.3%
Expenses	$7,062,792	$6,753,692	+0.0%
Net Income	$2,220,665	$180,207	+11.3%

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

$17,780,746

Total Directors

$9,510,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA ANN KELLY	TRUSTEE	2.00	Officer Director	$0	$0	$0
BRIAN GRAGNOLATI	President and CEO	2.00	Officer Director	$0	$1,137,448	$9,510,516
ROBERT E McCRACKEN	TRUSTEE	2.00	Officer Director	$0	$0	$0
Michael Walter	SVP- Chief Financial Oficer	2.00	Officer	$0	$137,577	$1,108,761
Kevin Lenahan	EVP-Chief Business & Strat	2.00	Officer	$0	$406,954	$7,161,469

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	$9,283,457	$7,062,792	$87,047,011	$2,220,665
2022	$6,933,899	$6,753,692	$78,565,964	$180,207
2021	$7,163,507	$6,798,070	$99,594,601	$365,437
2020	$6,750,558	$6,432,099	$92,931,124	$318,459
2019	$5,395,577	$6,055,396	$88,540,559	$-659,819
2018	$9,388,636	$4,913,634	$75,140,420	$4,475,002

Memorial Health Foundation Inc Retirement Employee Medical Trust