TRINITY HEALTH FOUNDATION

EIN: 311329423 501(c)(3)

STEUBENVILLE, OH

Total Revenue
$2,104,870
Total Expenses
$2,028,929
Total Assets
$47,107,261
Net Assets
$46,974,084
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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
OH
Principal Officer
MATT GRIMSHAW
Phone
7402837842
Tax Period
2023-07-01 to 2024-06-30

TRINITY HEALTH FOUNDATION, founded in 1996, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 4% surplus.

Mission

ASSISTANCE TO THE INDIGENT, AND FINANCIAL ASSISTANCE TO CANCER TREATMENT PATIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $188,251
Program Service Revenue $0
Investment Income $1,922,463
Other Revenue $-5,844
TOTAL REVENUE $2,104,870

Expense Breakdown

Grants Paid $1,862,078
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,028,929
Other Expenses $166,851
TOTAL EXPENSES $2,028,929

Year-over-Year Comparison

2023 2022 Change
Revenue $2,104,870 $1,212,614 +0.7%
Expenses $2,028,929 $2,409,015 -0.2%
Net Income $75,941 $-1,196,401 -1.1%
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
11
Independent Members
9
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
3
$1,061,873
Total Directors
11
$1,156,687
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT GRIMSHAW PRESIDENT & CEO 5.00
Officer Director
$0 $55,444 $755,468
DAVE WERKIN CFO 5.00
Officer
$0 $28,756 $306,405
SAM LICATA MD BOARD MEMBER 2.00
Director
$0 $37,666 $401,219
GARY ARMENTROUT BOARD MEMBER 2.00
Director
$0 $0 $0
SHAWN BLAKE BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
RITA CARAPELLOTTI BOARD MEMBER 2.00
Director
$0 $0 $0
JERRY SIMPSON BOARD MEMBER 2.00
Director
$0 $0 $0
MARK TERAMANA BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
VICENZA DIGRISTINA BOARD MEMBER 2.00
Director
$0 $0 $0
JUDI HLADEK BOARD MEMBER 2.00
Director
$0 $0 $0
MELANIE WILHARM 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 $2,104,870 $2,028,929 $47,107,261 $75,941
2023 $1,212,614 $2,409,015 $44,416,269 $-1,196,401
2022 $2,884,409 $620,290 $45,217,151 $2,264,119
2021 $3,459,528 $607,574 $47,248,996 $2,851,954
2020 $2,221,375 $321,862 $38,493,152 $1,899,513
2019 $1,627,868 $559,411 $37,200,321 $1,068,457
2018 $2,048,307 $272,871 $35,385,365 $1,775,436
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