ASCENSION ST MARY'S FOUNDATION

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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

1978

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

ASCENSION ST MARY'S FOUNDATION, founded in 1978, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $5.2M exceeded revenue, resulting in a 91% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $4,314,155 Revenue: $0

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. ASCENSION ST. MARY'S FOUNDATION HAS INSPIRED HOPE BY PROVIDING THE BEST CARE TO YOU, YOUR FAMILY, FRIENDS AND NEIGHBORS. TODAY, YOUR GENEROSITY IS AT THE HEART OF SUSTAINING THAT MISSION. YOUR FINANCIAL SUPPORT HELPS US MAKE THE BROADEST POSSIBLE IMPACT ON HEALTH AND LIFE IN THE GREAT LAKES BAY REGION AND BEYOND - EXPANDING AN UNPARALLELED PATIENT EXPERIENCE TO ALL.

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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 $1,579,457

Program Service Revenue $0

Investment Income $1,168,439

Other Revenue $-21,506

TOTAL REVENUE $2,726,390

Expense Breakdown

Grants Paid $4,241,223

Salaries & Benefits $0

Fundraising Expenses $710,825

Program Expenses $4,314,155

Other Expenses $978,511

TOTAL EXPENSES $5,219,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,726,390	$1,905,979	+0.4%
Expenses	$5,219,734	$4,198,789	+0.2%
Net Income	$-2,493,344	$-2,292,810	+0.1%

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

$1,716,412

Total Directors

$2,360,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CHURCH	SECRETARY	1.0	Officer Director	$0	$0	$0
KAREN D STIFFLER MSA APR	VICE PRESIDENT	0.0	Officer Director	$0	$39,671	$215,632
LUKE SUMINSKI	VICE CHAIR	1.0	Officer Director	$0	$0	$0
NANCY A HAYWOOD	TREASURER	0.0	Officer Director	$0	$50,227	$544,435
WILLIAM HENDRICK	CHAIR	1.0	Officer Director	$0	$0	$0
A SARGE HARVEY	DIRECTOR	1.0	Director	$0	$0	$0
DENISE JACQUES	DIRECTOR	1.0	Director	$0	$0	$0
GARY CAMPBELL	DIRECTOR	1.0	Director	$0	$0	$0
JORDAN JEON	DIRECTOR (START 11/2023)	0.0	Director	$0	$40,199	$596,235
KATHLEEN MCGRAW	DIRECTOR	1.0	Director	$0	$0	$0
LORI JURGENS	DIRECTOR	1.0	Director	$0	$0	$0
MOLLY TALBOT TRAYNOR	DIRECTOR	1.0	Director	$0	$0	$0
PATRICIA BOERSMA	DIRECTOR (END 6/2024)	1.0	Director	$0	$0	$0
SAM TILMON	DIRECTOR	1.0	Director	$0	$0	$0
SAUNDRA DONAHUE	DIRECTOR (END 5/2024)	1.0	Director	$0	$0	$0
STEPHANIE J DUGGAN MD	DIRECTOR (END 11/2023)	0.0	Director	$0	$57,718	$1,004,160
STEVE HENSLEY	DIRECTOR	1.0	Director	$0	$0	$0
SUHASINI GUDIPATI MD	DIRECTOR	1.0	Director	$0	$0	$0
THOMAS BASIL JR	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET	0.0	Officer	$0	$41,393	$956,345
DOUGLAS TODD MYERS	FORMER OFFICER (END 3/2023)	0.0		$0	$12,783	$648,758
SHARON LEAMAN-CASE	FORMER BOARD OFFICER (END 5/2023)	0.0		$0	$9,594	$310,587

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	$2,726,390	$5,219,734	$21,900,880	$-2,493,344
2023	$1,905,979	$4,198,789	$23,274,922	$-2,292,810
2022	$4,343,361	$3,177,328	$27,055,078	$1,166,033
2021	$2,225,102	$1,329,315	$30,958,560	$895,787
2020	$2,559,320	$1,137,653	$24,997,729	$1,421,667
2019	$556,839	$1,714,094	$22,293,458	$-1,157,255
2018	$2,075,138	$1,863,032	$21,396,558	$212,106