HENRY FORD HEALTH ROCHESTER FOUNDATION

EIN: 382627336 501(c)(3) Health Care

DETROIT, MI

Total Revenue
$2,958,094
Total Expenses
$372,007
Total Assets
$55,886,929
Net Assets
$55,302,385
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MI
Principal Officer
ROBIN DAMSCHRODER
Phone
3138768714
Tax Period
2024-07-01 to 2025-06-30

HENRY FORD HEALTH ROCHESTER FOUNDATION, founded in 1987, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.6M, a strong 87% operating margin.

Mission

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR HENRY FORD HEALTH ROCHESTER HOSPITAL, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,312,618
Program Service Revenue $0
Investment Income $1,645,476
Other Revenue $0
TOTAL REVENUE $2,958,094

Expense Breakdown

Grants Paid $143,684
Salaries & Benefits $0
Fundraising Expenses $203,590
Program Expenses $157,115
Other Expenses $228,323
TOTAL EXPENSES $372,007

Year-over-Year Comparison

2024 2023 Change
Revenue $2,958,094 $2,862,455 +0.0%
Expenses $372,007 $5,973,259 -0.9%
Net Income $2,586,087 $-3,110,804 -1.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
7
Employees
N/A
Volunteers
39

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
6
$14,789,064
Total Directors
13
$11,018,277
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT G RINEY PRESIDENT/CEO (START 10/2024) 2.00
Officer Director
$0 $61,705 $7,081,174
ROBIN S DAMSCHRODER TREASURER/CFO (START 10/2024) 2.00
Officer Director
$0 $64,536 $3,410,191
STEVEN B BENDER ESQ SECRETARY (START 10/2024) 2.00
Officer Director
$0 $5,629 $325,354
DINA KASSAB MD DIRECTOR 1.00
Director
$0 $3,039 $201,558
ROBERT DERY CHAIR 2.00
Officer Director
$0 $0 $0
GERRI BIRG DIRECTOR 1.00
Director
$0 $0 $0
JOHN MODETZ DIRECTOR (START 10/2024) 1.00
Director
$0 $0 $0
MARIO MOCER DIRECTOR (START 10/2024) 1.00
Director
$0 $0 $0
PHILLIP BERTOLINI DIRECTOR (END 9/2024) 1.00
Director
$0 $0 $0
RYAN SAAB DIRECTOR (END 9/2024) 1.00
Director
$0 $0 $0
TIM CRAWFORD DIRECTOR 1.00
Director
$0 $0 $0
TOM DLUZEN DIRECTOR (START 10/2024) 1.00
Director
$0 $0 $0
WENDY JONES DIRECTOR 1.00
Director
$0 $0 $0
CAROL L SCHMIDT EX-OFFICIO/PRESIDENT & CEO (END 9/2024) 2.00
Officer
$0 $45,856 $2,826,319
MICHAEL MCCULLOUGH CFO, MINISTRY MARKET (END 9/2024) 2.00
Officer
$0 $46,446 $1,146,026
JONATHAN SAMUEL NALLI FACHE FORMER OFFICER (END 12/2022) 0.00
$0 $6,250 $949,654
NANCY A HAYWOOD FORMER OFFICER (END 6/2022) 0.00
$0 $49,072 $616,063
DOUGLAS TODD MYERS FORMER OFFICER (END 3/2023) 0.00
$0 $0 $383,721
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 $2,958,094 $372,007 $55,886,929 $2,586,087
2024 $2,862,455 $5,973,259 $49,678,337 $-3,110,804
2023 $938,470 $602,403 $49,125,819 $336,067
2022 $2,718,105 $559,326 $48,026,804 $2,158,779
2021 $4,516,729 $1,104,405 $49,996,386 $3,412,324
2020 $-339,842 $362,487 $41,882,651 $-702,329
2019 $738,273 $340,213 $43,028,517 $398,060
2018 $1,484,731 $545,361 $42,583,898 $939,370
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