DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE HENRY FORD HEALTH SYSTEM FOUNDATION (THE FOUNDATION) IS AN AFFILIATE OF HENRY FORD HEALTH SYSTEM DBA HENRY FORD HEALTH ("HF HEALTH" ) SERVING THE METROPOLITAN DETROIT MICHIGAN COMMUNITIES. AS AN INTEGRATED COMPONENT OF ONE OF THE NATION'S LEADING COMPREHENSIVE, INTEGRATED HEALTH SYSTEMS, THE FOUNDATION EXISTS TO ADVANCE THE GOALS AND MISSION OF HF HEALTH AND TO IMPROVE THE QUALITY OF HUMAN LIFE THROUGH ITS SUPPORT OF THE SCIENCE AND ART OF HEALTH CARE AND HEALING. THE ORGANIZATION PROVIDES FINANCING TO VARIOUS RESEARCH AND OTHER INITIATIVES OF HF HEALTH.
THE FOUNDATION'S PURPOSE IS TO MANAGE AN ENDOWMENT FUND AND BASED ON THE RESULTS OF HF HEALTH NEEDS ANALYSIS, PROVIDE FUNDING TO VARIOUS RESEARCH AND OTHER INITIATIVES OF HF HEALTH AND ITS AFFILIATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HENRY FORD HEALTH SYSTEM FOUNDATION with other nonprofits in Michigan and across the country.