TRINITY HEALTH - MICHIGAN (EIN 382113393) - 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

1976

Legal Domicile

Principal Officer

SHANNON STRIEBICH

Phone

7343431000

Tax Period

2024-07-01 to 2025-06-30

TRINITY HEALTH - MICHIGAN, founded in 1976, is a large national nonprofit in the Health Care sector that reported $3.6B in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3B left a modest 7% surplus.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 $43,632,210

Program Service Revenue $3,336,906,290

Investment Income $91,853,022

Other Revenue $82,533,844

TOTAL REVENUE $3,554,925,366

Expense Breakdown

Grants Paid $3,911,034

Salaries & Benefits $1,356,672,748

Fundraising Expenses $2,989,707

Program Expenses $2,976,914,085

Other Expenses $1,930,700,239

TOTAL EXPENSES $3,291,284,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,554,925,366	$3,277,491,965	+0.1%
Expenses	$3,291,284,021	$3,070,059,620	+0.1%
Net Income	$263,641,345	$207,432,345	+0.3%

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

22156

Volunteers

694

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

$3,241,283

Total Directors

$3,375,601

Key Employees

$10,003,448

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA DOLEMAN DICKERSON	DIRECTOR & CHAIR THROUGH 12/24	2.00	Officer Director	$0	$0	$0
WAYMAN BRITT	DIR; CHR AS OF 1/25; V CHR THR 12/24	2.00	Officer Director	$0	$0	$0
JEAN NAGELKERK PHD	DIRECTOR; VICE CHAIR AS OF 1/25	2.00	Officer Director	$0	$0	$0
SHANNON STRIEBICH	DIR; PRESIDENT & CEO,MICHIGAN MARKET	40.00	Officer Director	$0	$61,563	$1,528,569
SARA DOLAN	DIRECTOR AS OF 1/25	2.00	Director	$0	$0	$0
ERIC FERGUSON MD	DIRECTOR	2.00	Director	$0	$0	$0
EDMUND HODGE	DIRECTOR; TRINITY HEALTH EVP, CHRO	2.00	Director	$0	$58,915	$1,847,032
JOSE INFANTE	DIRECTOR THROUGH 12/24	2.00	Director	$0	$0	$0
SPENCER MAIDLOW	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE MELLON PHD	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
LINDA WERTHMAN RSM	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR AS OF 1/25	2.00	Director	$0	$0	$0
MICHAEL GUSHO	TREASURER; CFO, MICHIGAN REGION	40.00	Officer	$0	$52,646	$1,079,883
MANDI MURRAY	SECRETARY;VP MANAGING CNSL, MICH REG	40.00	Officer	$0	$53,249	$632,831
MATTHEW GRIFFIN MD	PRES & CMO TRINITY HEALTH LIVONIA	55.00	Key Emp	$0	$59,581	$697,536
ALONZO LEWIS	PRESIDENT TRINITY HEALTH ANN ARBOR	54.00	Key Emp	$0	$240,303	$1,381,131
JOHN O'MALLEY	PRESIDENT TRINITY HEALTH LIVINGSTON	55.00	Key Emp	$0	$33,666	$550,275
MATTHEW BIERSACK MD	PRESIDENT TRINITY HLTH GRAND RAPIDS	54.00	Key Emp	$0	$146,850	$924,821
FABIAN FREGOLI MD	CMO & PRES TRINITY HEALTH OAKLAND	55.00	Key Emp	$0	$55,882	$674,748
TOMASINE MARX	VP FINANCE WEST MARKET	47.00	Key Emp	$0	$48,003	$637,856
MELISSA KAROLAK	VP FINANCE TH LIVONIA & OAKLAND	50.00	Key Emp	$0	$32,639	$441,864
DANIEL GREEN	VP FINANCE, WEST MICHIGAN	20.00	Key Emp	$0	$55,680	$621,171
MICHAEL SAMYN	VP FINANCE TH OAKLAND THROUGH 7/24	50.00	Key Emp	$0	$239,385	$665,755
ADEEB HARB	SENIOR VP OPERATIONS TH LIVONIA	50.00	Key Emp	$356,314	$35,423	$391,737
FRANK SAWYER	SR VP OPERATIONS TRIN HEALTH OAKLAND	50.00	Key Emp	$373,300	$50,115	$423,415
ROSALIE TOCCO-BRADLEY MD	CHIEF CLINICAL OFFICER, MI REGION	49.00	Key Emp	$0	$49,839	$1,044,862
DAVID VANDENBERG MD	CMO TRINITY HEALTH ANN ARBOR & LIV	50.00	Key Emp	$0	$46,104	$659,552
BRANDON FRANCIS MD	CMO TRINITY HEALTH GRAND RAPIDS	50.00	Key Emp	$0	$48,393	$566,143
LACEY SAPKIEWICZ	SR VP OPERATIONS TH ANN ARBOR & LIV	49.00	Key Emp	$289,094	$33,488	$322,582
KARSTEN FLIEGNER MD	CARDIOTHORACIC SURGEON (TH OAKLAND)	50.00	Highest	$573,353	$79,973	$1,180,452
MARC SILVER MD	CARDIOTHORACIC SURGEON (TH OAKLAND)	50.00	Highest	$549,241	$81,856	$1,157,461
CHARLES SCHWARTZ MD	CARDIOTHORACIC SURGEON (TH OAKLAND)	50.00	Highest	$524,180	$69,397	$1,041,710
TYLER BEUTE MD	ANESTHESIOLOGIST (GRAND RAPIDS)	50.00	Highest	$559,430	$51,725	$611,155
KELLY SMITH	CHIEF STRATEGY OFFICER MI AND OH	40.00	Highest	$0	$24,311	$830,425
DAVID SPIVEY	FORMER KEY EMPLOYEE	0.00		$0	$387,968	$1,044,731
KURT MACDONALD	FORMER KEY EMPLOYEE	0.00		$121,981	$0	$121,981
KARLA ZARB	FORMER KE; VP SURG SVCS TH ANN ARBOR	50.00		$0	$44,364	$368,495
ROBERT CASALOU	FMR OFFICER;PRES & CEO MI AND SE REG	40.00		$0	$49,044	$2,207,040

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	$3,554,925,366	$3,291,284,021	$5,655,695,551	$263,641,345
2024	$3,277,491,965	$3,070,059,620	$5,151,647,965	$207,432,345
2023	$3,044,731,077	$2,880,789,507	$4,904,880,006	$163,941,570
2022	$3,044,102,682	$2,809,662,337	$4,608,449,257	$234,440,345
2021	$3,007,120,461	$2,599,358,658	$4,785,945,903	$407,761,803
2020	$2,599,317,309	$2,474,639,592	$4,138,122,519	$124,677,717
2019	$2,671,322,542	$2,466,850,723	$3,727,484,444	$204,471,819
2018	$2,769,778,443	$2,500,942,974	$3,702,529,144	$268,835,469

TRINITY HEALTH - MICHIGAN