ASCENSION BORGESS FOUNDATION (EIN 237222558) - 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

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

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ASCENSION BORGESS HOSPITAL, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.

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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 (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

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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

$2,511,327

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

ASCENSION BORGESS FOUNDATION