TRINITY HEALTH CORPORATION (EIN 351443425) - 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

1978

Legal Domicile

Principal Officer

MICHAEL SLUBOWSKI

Phone

7343431000

Tax Period

2024-07-01 to 2025-06-30

TRINITY HEALTH CORPORATION, founded in 1978, is a large national nonprofit in the Health Care sector that reported $3.3B in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.1B left a modest 5% surplus.

Mission

TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,038,976

Program Service Revenue $2,662,569,515

Investment Income $593,477,949

Other Revenue $32,503,014

TOTAL REVENUE $3,292,589,454

Expense Breakdown

Grants Paid $9,320,949

Salaries & Benefits $1,257,506,560

Fundraising Expenses $0

Program Expenses $3,045,318,162

Other Expenses $1,851,130,578

TOTAL EXPENSES $3,117,958,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,292,589,454	$2,853,234,591	+0.2%
Expenses	$3,117,958,087	$2,749,679,333	+0.1%
Net Income	$174,631,367	$103,555,258	+0.7%

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

Governance

Voting Members

Independent Members

Employees

9942

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

$13,844,697

Total Directors

$8,038,977

Key Employees

$9,443,310

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SLUBOWSKI	DIRECTOR; PRESIDENT & CEO	54.00	Officer Director	$7,249,746	$49,231	$7,298,977
BENJAMIN CARTER	EVP, CHIEF OPERATING OFFICER	35.00	Key Emp	$3,436,400	$52,582	$3,488,982
DANIEL ISACKSEN JR	TREASURER; EVP, CFO	18.00	Officer	$2,378,767	$448,380	$2,827,147
DANIEL ROTH MD	EVP, CHIEF CLINICAL OFFICER	35.00	Key Emp	$2,439,599	$55,387	$2,494,986
ROBERT RITZ	PRESIDENT & CEO, MERCYONE IOWA	0.00	Highest	$2,416,873	$54,140	$2,471,013
REGINALD EADIE MD	SVP,PHYSICIAN ENTERPRISE DEVELOPMENT	50.00	Highest	$1,973,951	$350,903	$2,324,854
ROBERT CASALOU	PRESIDENT & CEO, MI AND SE REGIONS	0.00	Highest	$2,157,996	$49,044	$2,207,040
SHAWN VINCENT	PRESIDENT & CEO, IL/IN REGION	0.00	Highest	$1,735,365	$319,027	$2,054,392
LINDA ROSS	SECRETARY; EVP, CHIEF LEGAL OFFICER	51.00	Officer	$1,964,988	$48,692	$2,013,680
KURT ANDERSEN MD	PRESIDENT, CENTRAL IOWA DIVISION	0.00	Highest	$1,685,852	$245,442	$1,931,294
EDMUND HODGE	EVP, CHIEF HUMAN RESOURCES OFFICER	50.00	Key Emp	$1,788,117	$58,915	$1,847,032
RAY ANDERSON PHD	EVP, CHIEF STRATEGY OFFICER	36.00	Key Emp	$1,326,967	$285,343	$1,612,310
LOUIS FIERENS II	FORMER KEY EMPLOYEE	0.00		$1,016,962	$18,858	$1,035,820
JOSHUA MOORE	ASST SEC;SVP, DEPUTY GENERAL COUNSEL	30.00	Officer	$716,724	$170,186	$886,910
KIMBERLY MCCARTHY	ASST TREAS & VP FIN REP/CAO THR 6/25	49.00	Officer	$559,196	$53,787	$612,983
ANTOINETTE PRATT	FORMER OFFICER	0.00		$575,019	$23,849	$598,868
JOHN CAPASSO	FORMER KEY EMPLOYEE	0.00		$426,381	$10,299	$436,680
BARRETT HATCHES PHD	DIRECTOR; CHAIR	8.00	Officer Director	$115,000	$0	$115,000
DAVID SOUTHWELL	DIRECTOR & VICE CHAIR THROUGH 12/24	8.00	Officer Director	$90,000	$0	$90,000
RITA BROGLEY	DIRECTOR	4.00	Director	$90,000	$0	$90,000
KEVIN BARNETT DRPH	DIRECTOR THROUGH 12/24	4.00	Director	$80,000	$0	$80,000
CARRIE RICH	DIRECTOR	4.00	Director	$80,000	$0	$80,000
MICHAEL CROWLEY CPA	DIRECTOR	4.00	Director	$60,000	$0	$60,000
ALICE LIN FABIANO	DIRECTOR	4.00	Director	$60,000	$0	$60,000
COURTNEY LANG JD	DIRECTOR	4.00	Director	$60,000	$0	$60,000
PAUL TAHERI MD	DIRECTOR	4.00	Director	$60,000	$0	$60,000
DEBORAH HAYES RN MSN	DIRECTOR	4.00	Director	$45,000	$0	$45,000
DONNA DOLEMAN DICKERSON	DIRECTOR AS OF 1/25	4.00	Director	$0	$0	$0
LINDA FALQUETTE RSM	DIRECTOR	4.00	Director	$0	$0	$0
MARY FANNING RSM PHD	DIRECTOR	4.00	Director	$0	$0	$0
JOAN MARIE STEADMAN CSC	DIRECTOR; VICE CHAIR AS OF 1/25	8.00	Officer Director	$0	$0	$0
RICHARD VATH MD	DIRECTOR AS OF 1/25	4.00	Director	$0	$0	$0
VERONIQUE WIEDOWER CSC	DIRECTOR	4.00	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	$3,292,589,454	$3,117,958,087	$17,277,831,225	$174,631,367
2024	No data	No data	No data	No data
2023	$2,630,217,464	$2,531,429,401	$11,546,399,108	$98,788,063
2022	$2,491,029,159	$2,475,776,191	$11,390,095,796	$15,252,968
2021	$2,352,321,143	$2,184,622,370	$11,337,858,844	$167,698,773
2020	$2,006,192,061	$2,123,438,643	$11,429,906,388	$-117,246,582
2019	$2,046,287,440	$2,008,161,884	$10,084,513,697	$38,125,556
2018	$1,807,721,775	$1,789,136,844	$10,015,990,318	$18,584,931

TRINITY HEALTH CORPORATION