TRINITY HEALTH GRAND HAVEN HOSPITAL (F/K/A NORTH OTTAWA COMMUNITY HOSPITAL) (EIN 383330803) - 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

1996

Legal Domicile

Principal Officer

GARY ALLORE

Phone

6168423600

Tax Period

2023-07-01 to 2024-06-30

TRINITY HEALTH GRAND HAVEN HOSPITAL (F/K/A NORTH OTTAWA COMMUNITY HOSPITAL), founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $61.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $55.8M left a modest 8% 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 (2023)

Revenue Breakdown

Contributions & Grants $472,190

Program Service Revenue $59,204,419

Investment Income $10,638

Other Revenue $1,312,759

TOTAL REVENUE $61,000,006

Expense Breakdown

Grants Paid $36,645

Salaries & Benefits $22,170,884

Fundraising Expenses $0

Program Expenses $49,977,574

Other Expenses $33,636,284

TOTAL EXPENSES $55,843,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,000,006	$52,701,684	+0.2%
Expenses	$55,843,813	$53,303,889	+0.0%
Net Income	$5,156,193	$-602,205	-9.6%

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

668

Volunteers

115

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

$4,419,719

Total Directors

$3,603,047

Key Employees

$1,178,853

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CASALOU	DIRECTOR; PRESIDENT & CEO, MI REGION	1.00	Officer Director	$0	$62,350	$2,006,565
EDMUND HODGE	DIRECTOR; TRINITY HLTH EVP, CHRO	1.00	Director	$0	$58,201	$1,596,482
MICHAEL GUSHO	TREASURER; CFO, MICHIGAN REGION	1.00	Officer	$0	$65,232	$1,002,197
MANDI MURRAY	SECRETARY; MANAGING CNSL, MICH REG	1.00	Officer	$0	$125,041	$636,095
JUSTIN GRILL DO	CHIEF MEDICAL OFFICER	10.00	Key Emp	$0	$52,046	$592,963
DANIEL GREEN	VP FINANCE, WEST MICHIGAN	8.00	Key Emp	$0	$64,621	$585,890
SHELLEYE YAKLIN	PRESIDENT, TH GRAND HAVEN HOSPITAL	39.00	Officer	$0	$55,106	$436,429
JAMES BLEICHER MD	INTERNIST	50.00	Highest	$389,768	$29,417	$419,185
JOHN FOSS	SVP OPER, TH SHELBY & GRAND HAVEN	1.00	Officer	$0	$50,240	$338,433
WILLIAM DUKES MD	FAMILY PRACTICE PHYSICIAN	50.00	Highest	$192,946	$24,942	$217,888
CYNTHIA VANKAMPEN	CNO, TH GRAND HAVEN HOSPITAL	50.00	Highest	$147,326	$27,662	$174,988
PATRICIA MOGIELSKI	REGISTERED NURSE	50.00	Highest	$139,154	$19,729	$158,883
STUART VANDERHEIDE MD	EMERGENCY MEDICINE PHYSICIAN	50.00	Highest	$125,704	$10,619	$136,323
DONNA DOLEMAN DICKERSON	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
WAYMAN BRITT	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC FERGUSON MD	DIRECTOR	1.00	Director	$0	$0	$0
JAN GARFINKLE	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
JOSE INFANTE	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCES LEWANDOWSKI CSSF	DIRECTOR THROUGH 9/23	1.00	Director	$0	$0	$0
SPENCER MAIDLOW	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE MELLON PHD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JEAN NAGELKERK PHD	DIRECTOR	1.00	Director	$0	$0	$0
DALE NESBARY PHD	DIRECTOR THROUGH 12/23	1.00	Director	$0	$0	$0
LINDA WERTHMAN RSM	DIRECTOR	1.00	Director	$0	$0	$0
TIM JODWAY PD BY MGMT CO	INTERIM CFO THROUGH 12/23	40.00	Officer	$0	$0	$0

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	$61,000,006	$55,843,813	$38,303,671	$5,156,193
2023	$52,701,684	$53,303,889	$31,277,453	$-602,205
2022	$56,157,361	$55,622,654	$33,801,142	$534,707
2021	$61,152,643	$56,195,140	$38,798,378	$4,957,503
2020	$52,129,939	$52,892,569	$43,092,061	$-762,630
2019	$59,651,109	$59,370,222	$32,928,570	$280,887
2018	$63,996,144	$70,681,964	$36,446,306	$-6,685,820

TRINITY HEALTH GRAND HAVEN HOSPITAL (F/K/A NORTH OTTAWA COMMUNITY HOSPITAL)