Saint Marys Medical Staff Fund

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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

2009

Legal Domicile

Phone

6166856626

Tax Period

2024-01-01 to 2024-12-31

Saint Marys Medical Staff Fund, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $164K in total revenue in fiscal year 2024. Net assets of $1.0M represent 75 months of operating reserves.

Mission

To provide support for Trinity Health Grand Rapids medical staff

Program Service Accomplishments

Program 1

Expenses: $149,917 Revenue: $131,000

We provide financial support for the education of our members and other Trinity Health Grand Rapids affiliated practitioners, which includes support of graduate medical education programs and...

We provide financial support for the education of our members and other Trinity Health Grand Rapids affiliated practitioners, which includes support of graduate medical education programs and residents. We fund events designed to bring members together outside of the hospital setting and promote engagement.

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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 $0

Program Service Revenue $131,000

Investment Income $31,707

Other Revenue $1,172

TOTAL REVENUE $163,879

Expense Breakdown

Grants Paid $8,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,917

Other Expenses $154,171

TOTAL EXPENSES $162,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,879	$152,660	+0.1%
Expenses	$162,271	$155,107	+0.0%
Net Income	$1,608	$-2,447	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Armstrong MD	President	0.25	Officer Director	$0	$0	$0
Jill Onesti MD	Secretary	0.25	Officer Director	$0	$0	$0
Muhammad Farooq MD	Treasurer	0.25	Officer 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
2024	$163,879	$162,271	$1,021,139	$1,608
2023	$152,660	$155,107	$968,909	$-2,447
2022	$140,292	$154,915	$892,261	$-14,623
2021	$148,054	$41,822	$1,015,569	$106,232
2020	$148,343	$151,050	$837,843	$-2,707
2019	$158,910	$152,973	$769,109	$5,937