SAINT JOSEPH'S TOWER INC

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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

1982

Legal Domicile

Principal Officer

DANIEL DRAKE

Phone

2192323512

Tax Period

2023-07-01 to 2024-06-30

SAINT JOSEPH'S TOWER INC, founded in 1982, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $959K left a modest 6% surplus.

Mission

WE, TRINITY SENIOR LIVING COMMUNITIES AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE IN OUR COMMUNITIES.SAINT JOSEPH'S TOWER IS A MEMBER OF THE TRINITY SENIOR LIVING COMMUNITIES AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $780,577 Revenue: $351,226

SAINT JOSEPH'S TOWER (AKA SANCTUARY AT TRINITY TOWER) IS LOCATED IN SOUTH BEND, INDIANA AND OFFERS 84 AFFORDABLE INDEPENDENT LIVING UNITS FOR SELF-RELIANT, LOW INCOME SENIOR RESIDENTS UNDER THE HUD SECTION 8 PROGRAM. RESIDENTS ARE ELDERS OR DISABLED ADULTS WHO ARE GENERALLY HEALTHY AND ABLE TO CARE FOR THEMSELVES, CAN COMMUNICATE WITH DOCTORS AND CAREGIVERS BY THEMSELVES, PREFER TO LIVE AMONG THEIR PEERS AND NO LONGER CHOOSE TO MAINTAIN A HOUSE. RESIDENTS CAN ENJOY LIFE-ENRICHING COMMUNITY ACTIVITIES, GOING ON GROUP OUTINGS OR JUST RELAXING WITHOUT MAINTENANCE WORRIES.FOR ADDITIONAL INFORMATION ON FACILITIES AND SERVICES, PLEASE VISIT OUR WEBSITE AT: WWW.TRINITYHEALTHSENIORCOMMUNITIES.ORG/SANCTUARY-AT-TRINITY-TOWER-SOUTH-BEND

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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 $666,850

Program Service Revenue $315,599

Investment Income $155

Other Revenue $38,359

TOTAL REVENUE $1,020,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,214

Fundraising Expenses $0

Program Expenses $780,577

Other Expenses $748,970

TOTAL EXPENSES $959,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,020,963	$919,550	+0.1%
Expenses	$959,184	$967,726	0.0%
Net Income	$61,779	$-48,176	-2.3%

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

$1,917,125

Total Directors

$3,958,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN CARTER	DIRECTOR; TRINITY HLTH EVP & COO	1.00	Director	$0	$80,718	$2,999,690
MARCUS BOWENS	DIR & INT PRES THR 7/23;TREAS;CFO CC	1.00	Officer Director	$0	$83,832	$650,040
MANDI MURRAY	SECRETARY; TRIN VP MANAGING COUNSEL	1.00	Officer	$0	$125,041	$636,095
JANICE HAMILTON-CRAWFORD	FORMER OFFICER	0.00		$0	$10,383	$411,450
DAVID DEFRAIN	VICE PRESIDENT OF FINANCE	1.00	Officer	$0	$46,593	$322,716
JACLYN HARRIS	DIRECTOR; PRESIDENT & CEO AS OF 7/23	1.00	Officer Director	$0	$16,197	$308,274
MARK MCPHERSON	FORMER OFFICER; PRES & CEO THAT 8/23	0.00		$0	$23,948	$296,939
STEVE KASTNER	FORMER OFFICER	0.00		$0	$0	$146,541
ARTHUR HENKEL	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
ANN MARIE TAG RSM	DIRECTOR; VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOANNE HANDY	DIRECTOR	0.10	Director	$0	$0	$0
BEVERLY JONES	DIRECTOR THROUGH 8/23	0.10	Director	$0	$0	$0
WILLIAM MINNIX	DIRECTOR	0.10	Director	$0	$0	$0
LEJON POOLE	DIRECTOR	0.10	Director	$0	$0	$0
MARJORIE TAPIA RSM	DIRECTOR THROUGH 7/23	0.10	Director	$0	$0	$0
ANTONIA VILLARRUEL	DIRECTOR	0.10	Director	$0	$0	$0
DEWAYNE WELLS	DIRECTOR	0.10	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	$1,020,963	$959,184	$1,062,722	$61,779
2023	$919,550	$967,726	$1,116,265	$-48,176
2022	$893,320	$974,299	$1,199,766	$-80,979
2021	$889,378	$967,806	$1,294,665	$-78,428
2020	$904,558	$874,053	$1,606,339	$30,505
2019	$871,300	$955,077	$1,775,857	$-83,777
2018	$912,112	$912,007	$1,662,457	$105