HENRY FORD HEALTH PROVIDENCE FOUND… - 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

1998

Legal Domicile

Principal Officer

ROBIN DAMSCHRODER

Phone

3138768714

Tax Period

2024-07-01 to 2025-06-30

HENRY FORD HEALTH PROVIDENCE FOUNDATION, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.5M, a strong 74% operating margin.

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: $1,022,639 Revenue: $0

TO SOLICIT AND INVEST CONTRIBUTIONS, GIFTS, AND BEQUESTS FOR THE BENEFIT OF HENRY FORD HEALTH PROVIDENCE HOSPITAL AND AFFILIATED ORGANIZATIONS. HENRY FORD HEALTH PROVIDENCE HOSPITAL AND AFFILIATED...

TO SOLICIT AND INVEST CONTRIBUTIONS, GIFTS, AND BEQUESTS FOR THE BENEFIT OF HENRY FORD HEALTH PROVIDENCE HOSPITAL AND AFFILIATED ORGANIZATIONS. HENRY FORD HEALTH PROVIDENCE HOSPITAL AND AFFILIATED ORGANIZATIONS USE THIS FUNDING TO PROVIDE THE FOLLOWING:NEONATAL INTENSIVE CARE UNIT EXPANSION AND RENOVATION; NEW HALFWAY HOUSES; MINIMALLY INVASIVE SPINE SURGERY PROGRAM ENHANCEMENTS; ASSOCIATE HARDSHIP SUPPORT; CAMPUS WALKING PATH ENHANCEMENTS; ELLIOTT BREAST CENTER EXPANSION & RENOVATION; BREAST CARE SERVICES FUNDING FOR PATIENTS IN NEED; SCHOLARSHIPS & EDUCATIONAL SUPPORT FOR MEDICAL STUDENTS & RESIDENTS.

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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 $8,212,286

Program Service Revenue $0

Investment Income $667,684

Other Revenue $0

TOTAL REVENUE $8,879,970

Expense Breakdown

Grants Paid $880,685

Salaries & Benefits $0

Fundraising Expenses $1,245,481

Program Expenses $1,022,639

Other Expenses $1,465,959

TOTAL EXPENSES $2,346,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,879,970	$3,987,195	+1.2%
Expenses	$2,346,644	$3,151,331	-0.3%
Net Income	$6,533,326	$835,864	+6.8%

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

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

$11,962,745

Total Directors

$10,816,719

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
STEVEN B BENDER ESQ	SECRETARY (START 10/2024)	2.00	Officer Director	$0	$5,629	$325,354
ANDREA BARNES	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHEROLEE TREMBATH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TERENCE DURKIN	CHAIR (END 9/2024)	2.00	Officer Director	$0	$0	$0
ANN CONRAD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SLOCUM	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL BEEBE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID IMESCH	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BOJRAB MD	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS DROBNIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY ZAKS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MARY LOUISE STUBBS DC	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
TANYA GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
TEL K GANESAN	DIRECTOR	1.00	Director	$0	$0	$0
THANH VAN MITTLESTAT	DIRECTOR (END 9/2024)	1.00	Director	$0	$0	$0
THERESA JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET (END 9/2024)	2.00	Officer	$0	$46,446	$1,146,026
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	$8,879,970	$2,346,644	$33,468,509	$6,533,326
2024	$3,987,195	$3,151,331	$23,586,179	$835,864
2023	$4,844,341	$10,376,716	$21,676,749	$-5,532,375
2022	$5,777,675	$4,113,348	$27,902,323	$1,664,327
2021	$4,059,548	$4,564,846	$25,786,185	$-505,298
2020	$3,167,883	$3,958,488	$24,149,681	$-790,605
2019	$5,692,771	$4,160,025	$24,696,862	$1,532,746
2018	$3,022,298	$4,729,118	$25,511,476	$-1,706,820

HENRY FORD HEALTH PROVIDENCE FOUNDATION