HENRY FORD HEALTH RIVER DISTRICT H… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768714

Tax Period

2024-07-01 to 2025-06-30

HENRY FORD HEALTH RIVER DISTRICT HOSPITAL, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $19.3M in total revenue in fiscal year 2024. Expenses of $30.2M exceeded revenue, resulting in a 57% operating deficit.

Mission

AS ONE OF THE NATION'S LEADING INTEGRATED HEALTH SYSTEMS, IT IS THE MISSION OF HENRY FORD HEALTH SYSTEM, A RELATED ENTITY OF THE FILING ORGANIZATION, TO IMPROVE PEOPLE'S LIVES THROUGH THE EXCELLENCE OF THE SCIENCE AND ART OF HEALTH CARE AND HEALING.

Program Service Accomplishments

Program 1

Expenses: $23,346,292 Revenue: $19,023,872

HENRY FORD HEALTH RIVER DISTRICT HOSPITAL IS AN 18-BED HOSPITAL CAMPUS COMMITTED TO HIGH-QUALITY, PATIENT-CENTERED CARE TO ENSURE THAT ALL INDIVIDUALS, REGARDLESS OF BACKGROUND OR SOCIOECONOMIC...

HENRY FORD HEALTH RIVER DISTRICT HOSPITAL IS AN 18-BED HOSPITAL CAMPUS COMMITTED TO HIGH-QUALITY, PATIENT-CENTERED CARE TO ENSURE THAT ALL INDIVIDUALS, REGARDLESS OF BACKGROUND OR SOCIOECONOMIC STATUS, RECEIVE WORLD-CLASS MEDICAL TREATMENT. DURING FISCAL YEAR 2025, HENRY FORD HEALTH RIVER DISTRICT HOSPITAL TREATED APPROXIMATELY 400 ADULTS AND CHILDREN FOR A TOTAL OF APPROXIMATELY 1,000 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR APPROXIMATELY 41,300 OUTPATIENT VISITS, WHICH INCLUDED ROUGHLY 140 OUTPATIENT SURGERIES AND 6,500 EMERGENCY ROOM VISITS.

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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 $124,437

Program Service Revenue $19,010,562

Investment Income $0

Other Revenue $125,823

TOTAL REVENUE $19,260,822

Expense Breakdown

Grants Paid $57,277

Salaries & Benefits $13,433,454

Fundraising Expenses $0

Program Expenses $23,346,292

Other Expenses $16,737,795

TOTAL EXPENSES $30,228,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,260,822	$19,944,201	0.0%
Expenses	$30,228,526	$31,003,574	0.0%
Net Income	$-10,967,704	$-11,059,373	0.0%

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

153

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

$14,789,064

Total Directors

$13,655,094

Key Employees

Highest Compensated

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
CAROL L SCHMIDT	MINISTRY MARKET EXEC/PRES (END 9/24)	2.00	Officer Director	$0	$45,856	$2,826,319
STEVEN B BENDER ESQ	SECRETARY (START 10/2024)	2.00	Officer Director	$0	$5,629	$325,354
JAMES BAILEY BABEL MD	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$12,056
JAMES BOLES MD	SECRETARY/TREASURER (END 9/2024)	2.00	Officer Director	$0	$0	$0
LESLIE A MURPHY CPA	CHAIR (END 9/2024)	2.00	Officer Director	$0	$0	$0
RENEE BRANCH CANADY	VICE CHAIR (END 9/2024)	2.00	Officer Director	$0	$0	$0
AVEC O'BRIEN	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
DAVID SAUNDERS	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
EDWARD D CALLAGHAN PHD	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
GREGORY E PFLUM	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
GWENDOLYN M MACKENZIE RN	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
JEFFERY ZAKS	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
JEFFREY D FALL	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
KENNETH STREIBEL	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
LISA K FITZPATRICK MD	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
MARY ANN VICTOR JD	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
PHYLLIS D MEADOWS	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
RHONDA M MEDOWS MD	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
ROBERT R LUBERA ESQ	DIRECTOR (START 10/2024)	1.00	Director	$0	$0	$0
SUSAN POZO	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET (END 9/2024)	2.00	Officer	$0	$46,446	$1,146,026
JASON BETCHER DO	PHYSICIAN	50.00	Highest	$284,124	$37,213	$321,337
LAURIE B CONROY MD	PHYSICIAN	35.00	Highest	$181,971	$34,593	$296,168
SCOTT FYE	APRN	50.00	Highest	$214,493	$36,009	$250,502
LISA BETH SCHEEL DO	PHYSICIAN	50.00	Highest	$231,400	$12,078	$243,478
LAURIE B LAMBRECHT MD	PHYSICIAN	50.00	Highest	$180,438	$35,330	$215,768
KEVIN GRADY MD	FORMER OFFICER (END 6/2022)	0.00		$0	$51,300	$994,321
JONATHAN SAMUEL NALLI FACHE	FORMER OFFICER (END 12/2022)	0.00		$0	$6,250	$949,654
DOUGLAS TODD MYERS	FORMER OFFICER (END 3/2023)	0.00		$0	$0	$383,721
DOUGLAS W WINNER	FORMER OFFICER (END 7/2022)	0.00		$0	$0	$156,509

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	$19,260,822	$30,228,526	$10,997,462	$-10,967,704
2024	No data	No data	No data	No data
2023	$25,651,634	$37,045,561	$11,732,634	$-11,393,927
2022	$31,152,027	$41,457,216	$13,043,033	$-10,305,189
2021	$36,847,303	$41,658,252	$14,126,181	$-4,810,949
2020	$30,646,124	$38,021,017	$11,896,284	$-7,374,893
2019	$31,023,681	$37,947,618	$12,169,987	$-6,923,937
2018	$35,660,502	$42,010,080	$12,857,677	$-6,349,578

HENRY FORD HEALTH RIVER DISTRICT HOSPITAL