HENRY FORD HEALTH SYSTEM FOUNDATION (EIN 237383042) - 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

1974

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768704

Tax Period

2023-01-01 to 2023-12-31

HENRY FORD HEALTH SYSTEM FOUNDATION, founded in 1974, is a mid-sized nonprofit in the Health Care sector that reported $13.0M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $19.6M exceeded revenue, resulting in a 51% operating deficit.

Mission

TO IMPROVE LIFE BY SUPPORTING EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.

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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 $0

Investment Income $12,269,263

Other Revenue $705,045

TOTAL REVENUE $12,974,308

Expense Breakdown

Grants Paid $19,100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,584,621

Other Expenses $484,621

TOTAL EXPENSES $19,584,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,974,308	$32,010,107	-0.6%
Expenses	$19,584,621	$17,666,201	+0.1%
Net Income	$-6,610,313	$14,343,906	-1.5%

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

$8,847,448

Total Directors

$11,243,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN FORD ALANDT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E BERGER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT C BOBB	TRUSTEE	1.00	Director	$0	$0	$0
RONNIE J BOJI	TRUSTEE	1.00	Director	$0	$0	$0
IAN BURNSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
PETER D CUMMINGS	TRUSTEE	1.00	Director	$0	$0	$0
POMPILIO E D'AGOSTINI	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN GONZALES DAVIDSON	TRUSTEE	1.00	Director	$0	$0	$0
ALLEN H DEMCHIK	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANY SLEMMONS DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
WALTER E DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
SHARI E FINSILVER	TRUSTEE	1.00	Director	$0	$0	$0
ALFRED J FISHER III	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN R FORD	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE A FORD	TRUSTEE	1.00	Director	$0	$0	$0
BENSON FORD JR	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH A FRUEHAUF	TRUSTEE	1.00	Director	$0	$0	$0
VONDA R GRANT	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HAYMAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID M HEMPSTEAD	TRUSTEE	1.00	Director	$0	$0	$15,000
STEVEN N KALKANIS MD	PHYSICIAN TRUSTEE	1.00	Director	$0	$334,579	$2,409,609
DAVID P LARSEN	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK LAVERY JR	TRUSTEE	1.00	Director	$0	$0	$0
HENRY W LIM MD	PHYSICIAN TRUSTEE	1.00	Director	$0	$54,568	$628,238
MANU K MALHOTRAMD	PHYSICIAN TRUSTEE	1.00	Director	$0	$57,867	$767,611
NIKOLAOS MOSCHOURIS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM W O'NEILLMD	PHYSICIAN TRUSTEE	1.00	Director	$0	$53,823	$2,086,375
VIVIAN ROGERS PICKARD	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA E PIERCE	TRUSTEE - CHAIR	2.00	Officer Director	$0	$0	$0
LEROY C RICHIE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT G RINEY	TRUSTEE/ PRESIDENT/CEO	2.00	Officer Director	$0	$57,039	$4,524,962
KYLE ANNE SASENA	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY TAMAROFF	TRUSTEE	1.00	Director	$0	$0	$0
MARY JANE VOGT	TRUSTEE	1.00	Director	$0	$105,311	$811,282
GWEN S WEINER	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN J WHELAN	TRUSTEE	1.00	Director	$0	$0	$0
TODD A WYETT	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN S DAMSCHRODER	TREASURER	2.00	Officer	$0	$61,913	$2,468,944
MARJORIE A STATEN JD	SECRETARY (START 9/2023)	2.00	Officer	$0	$14,695	$237,931
MICHELLE JOHNSON TIDJANI ESQ	SECRETARY (THRU 9/2023)	2.00	Officer	$0	$47,822	$1,615,611
WILLIAM A CONWAY MD	FORMER PHYSICIAN TRUSTEE	0.00		$0	$34,375	$201,780
TAMER A GHANEM MD	FORMER PHYSICIAN TRUSTEE	0.00		$0	$36,028	$331,925
CELESTE WILLIAMS MD	FORMER PHYSICIAN TRUSTEE	0.00		$0	$32,550	$498,966

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	$12,974,308	$19,584,621	$369,494,743	$-6,610,313
2022	$32,010,107	$17,666,201	$346,675,824	$14,343,906
2021	$16,717,457	$17,588,820	$411,181,841	$-871,363
2020	$3,195,568	$16,679,177	$365,525,098	$-13,483,609
2019	$24,472,902	$17,360,962	$341,894,595	$7,111,940

HENRY FORD HEALTH SYSTEM FOUNDATION