ASCENSION BORGESS FOUNDATION

🔒

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

1972

Legal Domicile

Phone

5746473460

Tax Period

2024-07-01 to 2025-06-30

ASCENSION BORGESS FOUNDATION, founded in 1972, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $6.1M exceeded revenue, resulting in a 40% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $5,208,741 Revenue: $0

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. SINCE 1972, THE ASCENSION BORGESS FOUNDATION HAS CONTINUED THE RICH TRADITION OF PHILANTHROPY IN SUPPORT OF HEALTH CARE AND RELATED SERVICES AT ASCENSION BORGESS. OUR PRIMARY FOCUS IS ON ASSISTING ESSENTIAL LOCAL PROJECTS THAT WILL HELP MAKE COMPREHENSIVE HEALTH CARE SERVICES ACCESSIBLE TO EVERYONE. UNRESTRICTED GIFTS TO THE ASCENSION BORGESS FOUNDATION ARE DIRECTED BY OUR TRUSTEES TO THE AREAS DETERMINED TO BE OF GREATEST NEED. THERE ARE ALSO A NUMBER OF RESTRICTED FUNDS THAT SUPPORT THE DESIGNATED INTEREST OF OUR DONORS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $1,455,200

Program Service Revenue $0

Investment Income $2,887,597

Other Revenue $-6,586

TOTAL REVENUE $4,336,211

Expense Breakdown

Grants Paid $5,130,970

Salaries & Benefits $0

Fundraising Expenses $717,812

Program Expenses $5,208,741

Other Expenses $947,978

TOTAL EXPENSES $6,078,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,336,211	$3,450,728	+0.3%
Expenses	$6,078,948	$3,178,890	+0.9%
Net Income	$-1,742,737	$271,838	-7.4%

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

$2,511,327

Total Directors

$3,057,751

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN DOUGLAS KINDLER MD	PRESIDENT, ASCENSION BORGESS	0.0	Officer Director	$0	$60,385	$866,856
GREGORY DOBSON	PAST CHAIR	1.0	Officer Director	$0	$0	$0
J JOSEPH BROGGER II	CHAIR	1.0	Officer Director	$0	$0	$0
KIMBERLY ANN LOFTUS	CHIEF DEVELOPMENT OFFICER	0.0	Officer Director	$0	$15,146	$144,478
MATTHEW P KAVANAUGH	TREASURER	1.0	Officer Director	$0	$0	$0
PATRICK RICHARD KELLY SR	ASCENSION MICHIGAN FOUNDATION, MARKET LEADER	0.0	Officer Director	$0	$36,065	$353,967
SHERRY GESMUNDO	SECRETARY	1.0	Officer Director	$0	$0	$0
BRIAN MULLALLY	DIRECTOR (START 8/2024)	1.0	Director	$0	$0	$0
CASEY R ALGER	DIRECTOR	1.0	Director	$0	$0	$0
FRANK S SALTIEL MD	DIRECTOR	0.0	Director	$0	$54,574	$917,148
JACQUELINE WETHERHOLT CSJ	DIRECTOR (START 8/2024)	1.0	Director	$0	$0	$0
JASON THOMAS RYAN MD	DIRECTOR	0.0	Director	$0	$41,606	$775,302
JEANNE M BLONDIA	DIRECTOR	1.0	Director	$0	$0	$0
JULIE BETZLER	DIRECTOR (START 8/2024)	1.0	Director	$0	$0	$0
NATALIE VALENTINE	DIRECTOR (END 4/2025)	1.0	Director	$0	$0	$0
SABRINA L PRITCHETT-EVANS	DIRECTOR	1.0	Director	$0	$0	$0
SARAH HARDING	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET	0.0	Officer	$0	$46,446	$1,146,026
THOMAS J ROHS JR MD	FORMER OFFICER (END 5/2023)	0.0		$0	$2,255	$275,368

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
2025	$4,336,211	$6,078,948	$27,973,816	$-1,742,737
2024	No data	No data	No data	No data
2023	$2,875,102	$3,581,207	$28,444,564	$-706,105
2022	$5,267,491	$5,634,822	$31,875,977	$-367,331
2021	$1,482,656	$1,028,841	$35,503,334	$453,815
2020	$1,265,252	$1,314,483	$32,723,895	$-49,231
2019	$2,542,036	$1,457,367	$29,766,866	$1,084,669
2018	$3,907,781	$1,979,831	$27,299,128	$1,927,950