TRINITAS HEALTH

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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

1999

Legal Domicile

Principal Officer

GARY S HORAN

Phone

9089948475

Tax Period

2021-01-01 to 2021-12-31

TRINITAS HEALTH, founded in 1999, is a small nonprofit that reported $183K in total revenue in fiscal year 2021. Expenses of $876K exceeded revenue, resulting in a 379% operating deficit.

Mission

TO COORDINATE AND APPROVE CHARITABLE ACTIVITIES OF SUBSIDIARY ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

SOLE CORPORATE TAX-EXEMPT MEMBER OF TRINITAS REGIONAL MEDICAL CENTER (THE "MEDICAL CENTER") AND ITS AFFILIATES, TRINITAS HEALTH FOUNDATION (THE "FOUNDATION") AND TRINITAS HEALTHCARE CORPORATION...

SOLE CORPORATE TAX-EXEMPT MEMBER OF TRINITAS REGIONAL MEDICAL CENTER (THE "MEDICAL CENTER") AND ITS AFFILIATES, TRINITAS HEALTH FOUNDATION (THE "FOUNDATION") AND TRINITAS HEALTHCARE CORPORATION ("THC"). TRINITAS REGIONAL MEDICAL CENTER CONTINUES A LONG-STANDING TRADITION OF HEALING, COMFORTING, AND NURTURING - THE ESSENCE OF HEALTHCARE. THE MEDICAL CENTER IS A FULL-SERVICE HEALTHCARE FACILITY SERVING THOSE IN THE COMMUNITY IN NEED OF HEALTHCARE, REGARDLESS OF THEIR ABILITY TO PAY. THE MEDICAL CENTER IS PROUD TO OFFER STATE-OF-THE-ART MEDICINE BACKED BY COMPASSION AND COMPETENCE WITH A FULL SPECTRUM OF SOPHISTICATED INPATIENT, OUTPATIENT, AND LONG-TERM CARE SERVICES. TRINITAS HEALTH HAS ENTERED INTO A DEFINITIVE AGREEMENT WITH RWJ BARNABAS HEALTH, THE TRANSACTION CLOSED JANUARY 2022.THE FOUNDATION RAISES FUNDS THROUGH A NUMBER OF ACTIVITIES, INCLUDING ANNUAL APPEALS, SPECIAL APPEALS, SPECIAL EVENTS SUCH AS GOLF OUTINGS AND GALAS, MEMORIAL AND TRIBUTE GIVING, PRIVATE AND CORPORATE FOUNDATION GRANTS, AND PLANNED GIVING VEHICLES SUCH AS BEQUESTS, THE POOLED INCOME FUND AND CHARITABLE TRUSTS. THE FUNDS RAISED BY THE FOUNDATION SUPPORT THE MEDICAL CENTER AND OTHER AFFILIATES.THC PROVIDES SERVICES FOR CHILDREN WITH A VARIETY OF MEDICAL DIAGNOSES FROM BIRTH TO 21 YEARS OF AGE. SERVICES INCLUDE EVALUATIONS, DIRECT INTERVENTIONS, CONSULTING SERVICES AND FUN THERAPEUTIC SUMMER PROGRAMS. THE SERVICES PROVIDED ARE ABLE TO PROVIDE A COMPREHENSIVE APPROACH TO ASSIST CHILDREN WITH SPECIAL NEEDS IN REACHING THEIR OPTIMAL CAPABILITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $182,667

TOTAL REVENUE $182,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $875,847

TOTAL EXPENSES $875,847

Year-over-Year Comparison

	2021	2020	Change
Revenue	$182,667	N/A	N/A
Expenses	$875,847	$780,337	+0.1%
Net Income	$-693,180	$-780,337	-0.1%

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

$2,516,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR M RICHEL	CHAIR	1.00	Officer Director	$0	$0	$0
MAUREEN SHAUGHNESSYSC	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS S KACHELRIESS	TREASURER	1.00	Officer Director	$0	$0	$0
EDNA FRANCIS HERSINGER SC	SECRETARY (UNTIL 12/21)	1.00	Officer Director	$0	$0	$0
SISTER JACQUELYN BALASIA SC	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD BERKOWITZ	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN CLIFFORD MD SC	TRUSTEE	1.00	Director	$0	$0	$0
SISTER DEBORAH HUMPHREYS SC	TRUSTEE	1.00	Director	$0	$0	$0
KARIM KHIMANI MD	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD P MACKESSY MD	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET MCMENAMIN EDD	SECRETARY	1.00	Officer Director	$0	$0	$0
HELDER MENDONCA CPA	TRUSTEE	1.00	Director	$0	$0	$0
RONALD PALLANT MD	TRUSTEE	1.00	Director	$0	$0	$0
TONY PELOSI CPA MBA	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS MARY SALERNO SC	TRUSTEE	1.00	Director	$0	$0	$0
GARY S HORAN	PRESIDENT & CEO	1.00	Officer	$0	$217,833	$1,742,414
KAREN LUMPP	SENIOR VP & CFO	1.00	Officer	$0	$52,625	$773,969

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
2021	$182,667	$875,847	No data	$-693,180
2020	No data	$780,337	$752,361	No data
2019	No data	$290,714	$523,114	No data
2018	No data	$235,215	$894,425	No data