TRINITY REGIONAL HEALTH SYSTEM (EIN 363351952) - 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

1984

Legal Domicile

Principal Officer

SHAWN MORROW

Phone

3097792200

Tax Period

2023-01-01 to 2023-12-31

TRINITY REGIONAL HEALTH SYSTEM, founded in 1984, is a small nonprofit that reported $898K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $805K, a strong 90% operating margin.

Mission

PROVIDE QUALITY CARE FOR OUR PATIENTS AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 $109,701

Program Service Revenue $92,502

Investment Income $898,296

Other Revenue $-202,203

TOTAL REVENUE $898,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $93,229

TOTAL EXPENSES $93,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$898,296	$1,710,405	-0.5%
Expenses	$93,229	$91,243	+0.0%
Net Income	$805,067	$1,619,162	-0.5%

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

$2,128,339

Total Directors

$3,222,940

Key Employees

$2,443,146

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORIO AGUILAR	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE ARVANITIS MD	BOARD MEMBER	1.00	Director	$0	$20,402	$647,983
COSTAS CONSTANTINOU	BOARD MEMBER	1.00	Director	$0	$41,564	$976,903
NATHAN DURICK MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT ERICKSON TO 823	BOARD MEMBER/PRESIDENT/CEO	1.00	Officer Director	$0	$46,747	$1,442,490
DEBBIE FREIBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY MAXEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA MCCRAW	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN MORROW FR 1023	BOARD MEMBER/MARKET PRES	1.00	Officer Director	$0	$17,955	$155,564
HEIDI PARKHURST	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL STEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA WILKINSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KATHERINE MARCHIK	SR VP FINANCE/CFO	1.00	Officer	$0	$101,132	$530,285
DENNIS DUKE	PRESIDENT RYC	1.00	Key Emp	$0	$46,947	$331,158
TOYOSI OLUTADE MD	CHIEF MEDICAL OFFICER	1.00	Key Emp	$0	$42,798	$877,597
KATHERINE PEARSON	SR VP/CHIEF STRATEGY OFFICER	1.00	Key Emp	$0	$82,606	$474,331
BARBARA WEBER	CHIEF OPERATING OFFICER	1.00	Key Emp	$0	$51,701	$515,487
MARY MACUMBER-SCHMIDT	PRESIDENT THF-QC	1.00	Key Emp	$0	$10,543	$244,573
RICHARD SEIDLER TO 519	FORMER BD MEMBER/PRESIDENT/CEO	0.00		$0	$0	$369,890
JOHN SHEEHAN TO 919	FORMER BD MEMBER/INTERIM PRES/CEO	0.00		$0	$4,437	$494,222
MATTHEW BEHRENS TO 919	REG VP/CLINIC OPS	0.00		$0	$24,405	$313,303

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
2024	No data	No data	No data	No data
2023	$898,296	$93,229	$36,842,098	$805,067
2022	$1,710,405	$91,243	$31,909,677	$1,619,162
2021	$2,199,256	$84,216	$36,360,452	$2,115,040
2020	$731,484	$62,406	$32,563,733	$669,078
2019	$3,007,153	$2,265,742	$29,181,836	$741,411
2018	$2,679,318	$2,320,681	$23,063,904	$358,637

TRINITY REGIONAL HEALTH SYSTEM