SAINT MARY'S FOUNDATION C/O TRINITY HEALTH GRAND RAPIDS (EIN 381779602) - 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

1964

Legal Domicile

Principal Officer

MICHELLE RABIDEAU

Phone

6166851889

Tax Period

2022-07-01 to 2023-06-30

SAINT MARY'S FOUNDATION C/O TRINITY HEALTH GRAND RAPIDS, founded in 1964, is a community nonprofit in the Medical Research sector that reported $2.8M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $28.3M represent 122 months of operating reserves.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF TRINITY HEALTH GRAND RAPIDS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,453,190

Program Service Revenue $0

Investment Income $1,330,346

Other Revenue $-5,568

TOTAL REVENUE $2,777,968

Expense Breakdown

Grants Paid $1,396,611

Salaries & Benefits $684,005

Fundraising Expenses $706,962

Program Expenses $1,668,620

Other Expenses $485,225

TOTAL EXPENSES $2,802,747

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,777,968	$3,566,575	-0.2%
Expenses	$2,802,747	$2,253,786	+0.2%
Net Income	$-24,779	$1,312,789	-1.0%

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

$707,577

Total Directors

$2,586,686

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BIERSACK MD	TRUSTEE; TRINITY GRAND RAPIDS PRES	1.00	Director	$0	$129,981	$761,168
JILL ONESTI MD	TRUSTEE; TH MED GROUP PHYSICIAN	1.00	Director	$0	$44,709	$565,939
DANIEL GREEN	TRUSTEE; TRINITY GRAND RAPIDS VP FIN	1.00	Officer Director	$0	$55,318	$438,570
ANDOLA MATHIS MD	TRUSTEE; TH MED GROUP PHYSICIAN	1.00	Director	$0	$45,152	$407,666
KRISTINE TODD	TRUSTEE; TH GR DIR ADMIN CLIN SVCS	1.00	Director	$0	$14,782	$237,238
NEIL COLEGROVE MD	TRUSTEE; TH MED GROUP PHYSICIAN	1.00	Director	$0	$37,376	$176,105
SCOTT BRESLIN	TRUSTEE; CHAIR	1.00	Officer Director	$0	$0	$0
KIMBERLY MCLAUGHLIN	TRUSTEE; VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN HAUENSTEIN	TRUSTEE; SECRETARY	1.00	Officer Director	$0	$0	$0
RHONDA HUISMANN	TRUSTEE; TREASURER	1.00	Officer Director	$0	$0	$0
JOE CHAMBERLIN	TRUSTEE; OFFICER-AT-LARGE	1.00	Officer Director	$0	$0	$0
BENJAMIN WILLIAMS	TRUSTEE; OFFICER-AT-LARGE	1.00	Officer Director	$0	$0	$0
ELLIE ZAGEL	TRUSTEE; OFFICER-AT-LARGE	1.00	Officer Director	$0	$0	$0
TAMMY BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
ERIN BONOVETZ	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK CEBELAK	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER CROWLEY	TRUSTEE	1.00	Director	$0	$0	$0
BALJIT DEOL MD	TRUSTEE	1.00	Director	$0	$0	$0
KATIE KARCZEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
NAKIA KYLER	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN STOFFAN	TRUSTEE	1.00	Director	$0	$0	$0
ROSLYN SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY TOWNER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER WESSELY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE RABIDEAU	PRESIDENT, SAINT MARY'S FOUNDATION	50.00	Officer	$0	$43,699	$269,007
CATHY SKENE	DIRECTOR OF SPECIAL GIFTS	40.00	Highest	$0	$13,696	$116,690

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	No data	No data	No data	No data
2023	$2,777,968	$2,802,747	$29,106,750	$-24,779
2022	$3,566,575	$2,253,786	$27,328,147	$1,312,789
2021	$4,607,541	$2,499,048	$30,383,083	$2,108,493
2020	$2,958,822	$2,221,812	$24,103,964	$737,010
2019	$3,478,725	$2,720,157	$23,477,306	$758,568
2018	$4,848,973	$2,415,012	$23,340,899	$2,433,961

SAINT MARY'S FOUNDATION C/O TRINITY HEALTH GRAND RAPIDS