HENRY FORD HEALTH SYSTEM (EIN 381357020) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1915

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768714

Tax Period

2024-01-01 to 2024-12-31

HENRY FORD HEALTH SYSTEM, founded in 1915, is a large national nonprofit in the Health Care sector that reported $5.3B in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $5.0B left a modest 6% surplus.

Mission

WE IMPROVE PEOPLE'S LIVES THROUGH EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.VISION: WE WILL BE THE TRUSTED PARTNER IN HEALTH, LEADING THE NATION IN SUPERIOR CARE AND VALUE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $151,245,583

Program Service Revenue $4,824,307,375

Investment Income $62,537,993

Other Revenue $246,109,736

TOTAL REVENUE $5,284,200,687

Expense Breakdown

Grants Paid $4,630,206

Salaries & Benefits $2,476,093,039

Fundraising Expenses $10,826,010

Program Expenses $4,197,200,254

Other Expenses $2,484,590,093

TOTAL EXPENSES $4,965,657,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,284,200,687	$4,495,865,667	+0.2%
Expenses	$4,965,657,559	$4,319,464,747	+0.1%
Net Income	$318,543,128	$176,400,920	+0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

28175

Volunteers

662

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

$11,269,677

Total Directors

$8,155,981

Key Employees

$20,095,558

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN FORD ALANDT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J BREEN	DIRECTOR - CHAIR	2.00	Officer Director	$50,000	$0	$50,000
JACALYN S GOFORTH	DIRECTOR	1.00	Director	$25,000	$0	$25,000
JOHN F HARRIS	DIRECTOR	1.00	Director	$30,000	$0	$30,000
DAVID M HEMPSTEAD	DIRECTOR	1.00	Director	$15,000	$0	$15,000
PATRICIA A MARYLAND DR PH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES G MCCLURE JR	DIRECTOR - VICE CHAIR	2.00	Officer Director	$0	$0	$0
DANIEL J PHELAN PHD	DIRECTOR	1.00	Director	$30,000	$0	$30,000
BARRY G PORTER	DIRECTOR - VICE CHAIR	2.00	Officer Director	$35,000	$0	$35,000
MICHAEL S RAFFERTY	DIRECTOR	1.00	Director	$30,000	$0	$30,000
JOSEPH J RICHARDSON JR	DIRECTOR - VICE CHAIR	2.00	Officer Director	$35,000	$0	$35,000
ROBERT G RINEY	DIRECTOR/ PRESIDENT/CEO	51.00	Officer Director	$7,019,469	$61,705	$7,081,174
FREDERIEK TONEY	DIRECTOR - VICE CHAIR	2.00	Officer Director	$35,000	$0	$35,000
EDGAR L VANN II	DIRECTOR - VICE CHAIR	2.00	Officer Director	$35,000	$0	$35,000
GERARDO NORCIA	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE F LOVASCO	DIRECTOR	1.00	Director	$0	$0	$0
FARZAN SIDDIQUI MD PHD	DIRECTOR-PHYSICIAN	60.00	Director	$721,637	$33,170	$754,807
ANTHONY R TERSIGNI EDD	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN S DAMSCHRODER	TREASURER/CFO	49.00	Officer	$3,345,655	$64,536	$3,410,191
STEVEN B BENDER ESQ	SECRETARY (START 10/2024)	55.00	Officer	$319,725	$5,629	$325,354
MARJORIE A STATEN JD	SECRETARY (THRU 10/2024)/ASSISTANT SECRETARY	49.00	Officer	$247,026	$15,932	$262,958
ADNAN R MUNKARAH MD	CHIEF MEDICAL OFFICER	58.00	Key Emp	$3,373,948	$69,819	$3,443,767
STEVEN N KALKANIS MD	CEO-HFMG	60.00	Key Emp	$2,535,546	$369,661	$2,905,207
ANTONIA MARIA RAMSEY	EVP- CHIEF HUMAN RESOURCES	60.00	Key Emp	$1,665,971	$66,072	$1,732,043
HEATHER GEISLER	EVP-CHIEF MARKETING	60.00	Key Emp	$1,247,594	$178,424	$1,426,018
MARY JANE VOGT	EVP- PHILANTHROPY	60.00	Key Emp	$988,498	$119,296	$1,107,794
MICHAEL A GENORD MD	CEO - HAP(THRU 11/2024)	1.00	Key Emp	$2,023,899	$27,857	$2,051,756
DENISE BROOKS-WILLIAMS	CEO MARKETS	60.00	Key Emp	$2,338,768	$64,141	$2,402,909
DAVID F SHEPHERD	CEO - COMMUNITY CARE SVC	60.00	Key Emp	$1,249,180	$57,777	$1,306,957
SHANNA JOHNSON	CEO - W BLMFLD HOSP	30.00	Key Emp	$931,485	$75,745	$1,007,230
DENNIS BUTTS	EVP CHIEF STRATEGY & NETWORK DEVELOPMEN	60.00	Key Emp	$699,188	$10,532	$709,720
MARGARET ANDERSON	CEO - HAP (START 11/2024)	1.00	Key Emp	$0	$38,197	$852,370
VERONICA M HALL RN	CEO- HF HOSPITAL	60.00	Key Emp	$1,020,319	$129,468	$1,149,787
PAUL T BROWNE	SVP- CIO	60.00	Highest	$1,763,404	$34,176	$1,797,580
TREVOR RAYMOND BANKA MD	PHYSICIAN	60.00	Highest	$1,575,746	$61,923	$1,637,669
JASON J DAVIS MD	PHYSICIAN	60.00	Highest	$1,557,481	$65,458	$1,622,939
HASSAN NEMEH MD	PHYSICIAN	60.00	Highest	$1,558,874	$72,104	$1,630,978
MUWAFFAK M ABDULHAK MD	PHYSICIAN	60.00	Highest	$1,555,265	$58,450	$1,613,715
ERIC WALLIS	FORMER CEO - W BLMFLD HOSP	60.00		$1,030,248	$165,073	$1,195,321
CARLADENISE A EDWARDS PHD	FORMER EVP-CHIEF STRATEGY	0.00		$317,546	$0	$317,546

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	$5,284,200,687	$4,965,657,559	$4,979,151,383	$318,543,128
2023	$4,495,865,667	$4,319,464,747	$3,971,189,937	$176,400,920
2022	$3,987,316,990	$3,936,821,951	$3,881,569,394	$50,495,039
2021	$3,798,399,033	$3,776,183,807	$3,913,395,431	$22,215,226
2020	$3,565,318,688	$3,390,415,300	$3,726,639,370	$174,903,388
2019	$3,513,243,526	$3,271,046,621	$3,049,325,128	$242,196,905
2018	$3,126,427,283	$3,041,839,218	$2,369,131,001	$84,588,065

HENRY FORD HEALTH SYSTEM