TRINITY HEALTH FOUNDATION

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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

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

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $2,028,929 Revenue: $0

TRINITY HEALTH FOUNDATION SOLICITS DONATIONS AND PROVIDES THEMAXIMUM RETURN ON INVESTMENTS IN ORDER TO SUPPORT TRINITY HEALTHSYSTEM IN ITS CONTINUING MISSION TO PROVIDE THE COMMUNITY WITHHIGHEST...

TRINITY HEALTH FOUNDATION SOLICITS DONATIONS AND PROVIDES THEMAXIMUM RETURN ON INVESTMENTS IN ORDER TO SUPPORT TRINITY HEALTHSYSTEM IN ITS CONTINUING MISSION TO PROVIDE THE COMMUNITY WITHHIGHEST LEVEL OF PATIENT CARE.

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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 $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

Governance

Voting Members

Independent Members

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

$1,061,873

Total Directors

$1,156,687

Key Employees

Highest Compensated

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