Saint Marys Medical Staff Fund

EIN: 264775572 Community Improvement

Grand Rapids, MI

Total Revenue
$163,879
Total Expenses
$162,271
Total Assets
$1,021,139
Net Assets
$1,021,139
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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
MI
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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