HENRY FORD WYANDOTTE HOSPITAL (EIN 382791823) - 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

1987

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768714

Tax Period

2023-01-01 to 2023-12-31

HENRY FORD WYANDOTTE HOSPITAL, founded in 1987, is a major nonprofit in the Health Care sector that reported $407.8M in total revenue in fiscal year 2023. Expenses of $395.2M left a modest 3% surplus.

Mission

TO IMPROVE HUMAN LIFE THROUGH EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.

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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 $1,993,695

Program Service Revenue $400,097,783

Investment Income $3,094,807

Other Revenue $2,603,279

TOTAL REVENUE $407,789,564

Expense Breakdown

Grants Paid $42,969

Salaries & Benefits $184,870,183

Fundraising Expenses $75,169

Program Expenses $387,269,729

Other Expenses $210,255,513

TOTAL EXPENSES $395,168,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,789,564	$386,787,144	+0.1%
Expenses	$395,168,665	$375,028,610	+0.1%
Net Income	$12,620,899	$11,758,534	+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

2682

Volunteers

256

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

$8,897,448

Total Directors

$5,452,125

Key Employees

$3,249,955

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	$0	$0	$50,000
JACALYN S GOFORTH	DIRECTOR	1.00	Director	$0	$0	$25,000
JOHN F HARRIS	DIRECTOR	1.00	Director	$0	$0	$30,000
DAVID M HEMPSTEAD	DIRECTOR	1.00	Director	$0	$0	$15,000
PATRICIA A MARYLAND DR PH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES G MCCLURE JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES O PEABODY MD	PHYSICIAN DIRECTOR	1.00	Director	$0	$64,205	$617,163
DANIEL J PHELAN PHD	DIRECTOR	1.00	Director	$0	$0	$30,000
BARRY G PORTER	DIRECTOR	1.00	Director	$0	$0	$25,000
MICHAEL S RAFFERTY	DIRECTOR	1.00	Director	$0	$0	$30,000
JOSEPH J RICHARDSON JR	DIRECTOR	1.00	Director	$0	$0	$35,000
ROBERT G RINEY	DIRECTOR/ PRESIDENT/CEO	2.00	Officer Director	$0	$57,039	$4,524,962
FREDERIEK TONEY	DIRECTOR	1.00	Director	$0	$0	$35,000
EDGAR L VANN II	DIRECTOR	1.00	Director	$0	$0	$35,000
GERARDO NORCIA	DIRECTOR (START 12/2023)	1.00	Director	$0	$0	$0
MICHELLE JOHNSON TIDJANI ESQ	SECRETARY (THRU 9/2023)	2.00	Officer	$0	$47,822	$1,615,611
ROBIN S DAMSCHRODER	TREASURER	2.00	Officer	$0	$61,913	$2,468,944
MARJORIE A STATEN JD	SECRETARY (START 10/2023)	2.00	Officer	$0	$14,695	$237,931
DENISE BROOKS-WILLIAMS	CEO- MARKETS	20.00	Key Emp	$0	$47,881	$1,689,777
BROOKE M BUCKLEY MD	CMO	60.00	Key Emp	$606,420	$21,833	$628,253
RAND O'LEARY	PRESIDENT (START 4/2023)	60.00	Key Emp	$231,989	$48,441	$498,528
ROBERT T YOUNG	CFO- SOUTH MARKET	20.00	Key Emp	$0	$50,677	$433,397
MICHAEL D CALLAN DO	PHYSICIAN	60.00	Highest	$1,048,589	$48,247	$1,096,836
GLENN J MINSTER MD	PHYSICIAN	60.00	Highest	$1,047,681	$7,060	$1,054,741
MICHAEL NED SCOTT DO	PHYSICIAN	60.00	Highest	$776,247	$55,951	$832,198
OUSSAMA ALSAWAS MD	PHYSICIAN	60.00	Highest	$589,902	$30,911	$620,813
SYED MEHDI JAFRI DO	PHYSICIAN	60.00	Highest	$447,282	$31,694	$478,976
WILLIAM A CONWAY MD	FORMER DIRECTOR	0.00		$0	$34,375	$201,780
KATHLEEN L YAREMCHUK MD	FORMER PHYSICIAN DIRECTOR	0.00		$0	$58,208	$1,062,472
ANNETTE PHILLIPS	FORMER INTERIM PRESIDENT	0.00		$0	$18,832	$308,429
DENNIS R LEMANSKI DO	FORMER CMO	40.00		$101,360	$29,453	$130,813

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	No data	No data	No data	No data
2023	$407,789,564	$395,168,665	$241,398,970	$12,620,899
2022	$386,787,144	$375,028,610	$236,884,118	$11,758,534
2021	$387,205,037	$372,496,621	$274,832,685	$14,708,416
2020	$370,522,011	$336,712,898	$262,275,200	$33,809,113

HENRY FORD WYANDOTTE HOSPITAL