TRINITY HEALTH SYSTEM GROUP (EIN 300752920) - 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

1996

Legal Domicile

Principal Officer

MATT GRIMSHAW

Phone

7402837000

Tax Period

2023-07-01 to 2024-06-30

TRINITY HEALTH SYSTEM GROUP, founded in 1996, is a major nonprofit that reported $275.2M in total revenue in fiscal year 2023.

Mission

A COMMUNITY PARTNER DEDICATED TO EXCELLENCE IN SERVING THE HEALTH NEEDS OF THE TRI-STATE AREA.

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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 $1,912,791

Program Service Revenue $264,788,473

Investment Income $6,350,110

Other Revenue $2,130,717

TOTAL REVENUE $275,182,091

Expense Breakdown

Grants Paid $105,750

Salaries & Benefits $148,215,375

Fundraising Expenses $0

Program Expenses $257,611,604

Other Expenses $136,375,799

TOTAL EXPENSES $284,696,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,182,091	$255,785,594	+0.1%
Expenses	$284,696,924	$277,136,047	+0.0%
Net Income	$-9,514,833	$-21,350,453	-0.6%

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

2143

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

$1,701,582

Total Directors

$5,641,514

Key Employees

$477,619

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG LAWSON	PRESIDENT, SOUTH REGION	2.00	Director	$0	$218,609	$3,615,147
VICTOR MAEVSKY MD	PHYSICIAN	40.00	Highest	$1,185,884	$37,565	$1,223,449
SATHISH MAGGE MD	PHYSICIAN	40.00	Highest	$1,074,808	$29,301	$1,104,109
NASROLLAH JAHDI MD	PHYSICIAN	40.00	Highest	$1,054,955	$2,603	$1,057,558
RAFAEL SCHMULEVICH MD	PHYSICIAN	40.00	Highest	$1,003,281	$33,292	$1,036,573
GREGORY SUERO ABREU MD	PHYSICIAN	40.00	Highest	$970,618	$13,509	$984,127
CHARN NANDRA MD	BOARD MEMBER/CARDIOLOGIST	40.00	Director	$838,302	$31,378	$869,680
MATT GRIMSHAW	PRESIDENT & CEO	40.00	Officer Director	$674,210	$55,444	$755,468
RICK GRECO DO	PRESIDENT, MEDICAL GROUP ENTERPRISE	40.00	Officer	$389,593	$29,301	$418,894
SAM LICATA MD	BOARD MEMBER/PRESIDENT, MEDICAL STAFF	40.00	Director	$363,553	$37,666	$401,219
DAVE WERKIN	CFO	40.00	Officer	$277,649	$28,756	$306,405
BRENT MALLEK	VP OF HR (PARTIAL YEAR)	40.00	Key Emp	$278,486	$2,306	$280,792
PAUL WHEELER	VP OF OPERATIONS / COO	40.00	Officer	$191,700	$29,115	$220,815
JAMES MIRASOLA	VP, MEDICAL GROUP ENTERPRISE	40.00	Key Emp	$163,992	$32,835	$196,827
MICHAEL BIASI	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN DAILY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERIC EXLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUGLAS SCHAEFER	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID SKIVIAT SR	TREASURER	2.00	Officer Director	$0	$0	$0
DENNIS WOLTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
AARON PROVENZANO DO	BOARD MEMBER	2.00	Director	$0	$0	$0
KARLA GREGORY-MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN BEDWAY	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAUDIA BRONSING SR	BOARD MEMBER	2.00	Director	$0	$0	$0
THERESA GAGLIARDI	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFFREY GRECO	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH LUCKINO	BOARD MEMBER	2.00	Director	$0	$0	$0
RITA DUTTON	BOARD MEMBER	2.00	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	$275,182,091	$284,696,924	$371,738,176	$-9,514,833
2023	$255,785,594	$277,136,047	$375,790,264	$-21,350,453
2022	$277,072,077	$274,075,367	$333,491,881	$2,996,710
2021	$276,048,727	$255,826,601	$371,217,232	$20,222,126
2020	$236,437,007	$235,491,647	$322,194,187	$945,360
2019	$237,978,477	$227,241,257	$279,385,616	$10,737,220
2018	$261,998,504	$242,899,040	$270,839,254	$19,099,464

TRINITY HEALTH SYSTEM GROUP