St Clair Health Corporation (EIN 251522445) - 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

1985

Legal Domicile

Principal Officer

Michael J Flanagan

Phone

4129421250

Tax Period

2022-07-01 to 2023-06-30

St Clair Health Corporation, founded in 1985, is a micro nonprofit in the Health Care sector that reported $79K in total revenue in fiscal year 2022. Revenue fell 108% from the prior year — a significant decline worth monitoring.

Mission

Support of St. Clair Hospital and St. Clair Health Corporation system

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-26,360

Other Revenue $-52,683

TOTAL REVENUE $-79,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,786

Other Expenses $39,343

TOTAL EXPENSES $39,343

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-79,043	$1,023,616	-1.1%
Expenses	$39,343	$962,382	-1.0%
Net Income	$-118,386	$61,234	-2.9%

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

$2,435,944

Total Directors

$1,438,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael J Flanagan	Pres/CEO/Asst Secy-SCHC	8.00	Officer Director	$0	$158,213	$1,068,463
James M Collins	Former Officer-SCHC	0.00		$0	$132,986	$843,610
Barry S Zaiser	Former Officer-SCHC	0.00		$0	$96,963	$608,254
Paula L Hooper Esq	Sr. VP/CLO/Secretary-SCHC	8.00	Officer	$0	$102,131	$606,923
Eric Luttringer	Sr. VP/CFO/Treasurer-SCHC	8.00	Officer	$0	$102,562	$537,928
Richard Chesnos	Former Officer-SCHC	0.00		$0	$55,624	$421,664
Mario J Fatigati MD	Board Director-SCHC	1.00	Director	$0	$47,917	$370,050
Donna M Shipley	Asst. Treas Exec Director-SCHC	8.00	Officer	$0	$25,144	$222,630
Frank Arcuri Esq	Board Director-SCHC	1.00	Director	$0	$0	$0
Linda Eremita	Board Director-SCHC as of 5/23	1.00	Director	$0	$0	$0
Laura L Freedman	Board Director-SCHC	1.00	Director	$0	$0	$0
David R Heilman	Vice Chair-SCHC	3.00	Officer Director	$0	$0	$0
Thomas M Medwig	Chair-SCHC	3.00	Officer Director	$0	$0	$0
John P Meegan	Board Director-SCHC	1.00	Director	$0	$0	$0
Donald P Orr MD	Board Director-SCHC	1.00	Director	$0	$0	$0
Jeffrey A Rex	Board Director-SCHC	1.00	Director	$0	$0	$0
Harry E Serene MD	Board Director-SCHC thru 12/22	1.00	Director	$0	$0	$0
Douglas E Shaffer	Board Director-SCHC	1.00	Director	$0	$0	$0
Joseph B Smith	Board Director-SCHC	1.00	Director	$0	$0	$0
Teresa R Whalen	Board Director-SCHC	1.00	Director	$0	$0	$0
Eric M Wright	Board Director-SCHC	1.00	Director	$0	$0	$0
Mark Zacur	Board Director-SCHC	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$-79,043	$39,343	$19,062,421	$-118,386
2022	$1,023,616	$962,382	$20,376,410	$61,234
2021	$294,418	$808,480	$19,626,849	$-514,062

St Clair Health Corporation