MICHAEL REESE HEALTH TRUST (EIN 362170910) - 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

1881

Legal Domicile

Phone

6307324956

Tax Period

2024-07-01 to 2025-06-30

MICHAEL REESE HEALTH TRUST, founded in 1881, is a mid-sized nonprofit in the Health Care sector that reported $21.5M in total revenue in fiscal year 2024. Revenue surged 865% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.5M, a strong 35% operating margin.

Mission

Michael Reese partners with the Chicagoland community to advance and advocate for lasting health solutions. We do this by carrying forward the vision of Michael Reese Hospital's Jewish founders and the generations of philanthropic leadership they inspired.

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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 $2,042,983

Program Service Revenue $0

Investment Income $19,473,074

Other Revenue $3,140

TOTAL REVENUE $21,519,197

Expense Breakdown

Grants Paid $9,971,785

Salaries & Benefits $2,916,865

Fundraising Expenses $187,486

Program Expenses $12,388,703

Other Expenses $1,067,336

TOTAL EXPENSES $14,015,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,519,197	$2,229,259	+8.7%
Expenses	$14,015,986	$15,363,841	-0.1%
Net Income	$7,503,211	$-13,134,582	-1.6%

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

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

$793,304

Total Directors

Key Employees

$250,743

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW GLICK	VICE CHAIR, DIRECTOR	1.0	Officer Director	$0	$0	$0
JUDY L SMITH	EXECUTIVE VICE CHAIR, DIRECTOR	2.0	Officer Director	$0	$0	$0
KATHY CHAN	VICE CHAIR, DIRECTOR	1.0	Officer Director	$0	$0	$0
MALLY Z RUTKOFF	CHAIRMAN, DIRECTOR	5.0	Officer Director	$0	$0	$0
MARC ROTH	VICE CHAIR, DIRECTOR - PART YEAR	1.0	Officer Director	$0	$0	$0
SALLY BENJAMIN YOUNG	SECRETARY, DIRECTOR	1.0	Officer Director	$0	$0	$0
ANN-LOUISE KLEPER	DIRECTOR - PART YEAR	0.5	Director	$0	$0	$0
DAVID RUBOVITS	DIRECTOR	0.5	Director	$0	$0	$0
DEBORAH SCHRAYER KARMIN	DIRECTOR	0.5	Director	$0	$0	$0
ED LINN MD	DIRECTOR	0.5	Director	$0	$0	$0
GREG HARRIS	DIRECTOR	0.5	Director	$0	$0	$0
JOHN BOUMAN	DIRECTOR	0.5	Director	$0	$0	$0
LEE MILLER	DIRECTOR	0.5	Director	$0	$0	$0
LINDA GINSBURG	DIRECTOR	0.5	Director	$0	$0	$0
MARVIN LINDSEY	DIRECTOR	0.5	Director	$0	$0	$0
SISTA YAA SIMPSON	DIRECTOR	0.5	Director	$0	$0	$0
STACY RAVIV MD	DIRECTOR	0.5	Director	$0	$0	$0
WALDO E JOHNSON JR PHD	DIRECTOR	0.5	Director	$0	$0	$0
WALTER R NATHAN	DIRECTOR	0.5	Director	$0	$0	$0
AMEYA PAWAR	PRESIDENT AND CEO	40.0	Officer	$100,976	$19,153	$120,129
CATHERINE GOESE	CHIEF FINANCIAL OFFICER/CIO	40.0	Officer	$213,958	$73,956	$287,914
GAYLA A BROCKMAN	PRESIDENT AND CEO - PART YEAR	40.0	Officer	$310,108	$75,153	$385,261
BLAIR HARVEY-GINTOFT	CHIEF PROGRAM OFFICER	40.0	Key Emp	$191,653	$59,090	$250,743
EMILY KRISCIUNAS	EXECUTIVE DIRECTOR	40.0	Highest	$154,477	$49,950	$204,427
JENNIFER M ROSENKRANZ	SENIOR PROGRAM DIRECTOR	40.0	Highest	$161,095	$60,765	$221,860
JORDYN D LANDBERG	COMMUNICATIONS DIRECTOR	40.0	Highest	$131,983	$55,732	$187,715
LAUNITA SCOTT	CHIEF OF STAFF	40.0	Highest	$120,878	$41,690	$162,568

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	$21,519,197	$14,015,986	$162,874,541	$7,503,211
2024	$2,229,259	$15,363,841	$163,662,921	$-13,134,582
2023	$6,390,366	$10,206,792	$159,470,952	$-3,816,426

MICHAEL REESE HEALTH TRUST