HOLY FAMILY MEMORIAL INC (EIN 390806395) - 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

1899

Legal Domicile

Principal Officer

THOMAS VEESER

Phone

9203202011

Tax Period

2022-07-01 to 2023-06-30

HOLY FAMILY MEMORIAL INC, founded in 1899, is a mid-sized nonprofit in the Health Care sector that reported $92.3M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $118.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

HOLY FAMILY MEMORIAL PROFESSIONALS SERVE RESIDENTS OF MANITOWOC COUNTY. ROOTED IN THE HEALING MINISTRY OF JESUS CHRIST, WE HELP INDIVIDUALS TO ACHIEVE HEALTHIER LIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $79,884

Program Service Revenue $87,403,310

Investment Income $128,356

Other Revenue $4,661,509

TOTAL REVENUE $92,273,059

Expense Breakdown

Grants Paid $107,782

Salaries & Benefits $57,698,722

Fundraising Expenses $109

Program Expenses $86,241,740

Other Expenses $60,765,990

TOTAL EXPENSES $118,572,494

Year-over-Year Comparison

	2022	2021	Change
Revenue	$92,273,059	$110,914,142	-0.2%
Expenses	$118,572,494	$146,485,578	-0.2%
Net Income	$-26,299,435	$-35,571,436	-0.3%

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

162

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

$1,622,450

Total Directors

$5,611,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICSON ALLEN	DIRECTOR & SJH PRES (START JUN23)	1.00	Director	$0	$164,713	$1,641,225
BEHL MARK	DIRECTOR & EVP/FH COO	1.00	Director	$0	$208,039	$1,399,347
LITTLE STEVEN	DIRECTOR & PRESIDENT (TERM NOV22)	50.00	Officer Director	$0	$127,219	$724,160
VEESER THOMAS	DIRECTOR & INTERIM PRESIDENT	50.00	Officer Director	$0	$63,411	$477,850
JORDAN MILAN MD	DIRECTOR & DOCTOR (TERM DEC22)	50.00	Director	$0	$39,780	$473,477
CAMPBELL MATTHEW MD	DIRECTOR & DOCTOR	50.00	Director	$0	$45,313	$466,863
KLATT MARGARET MD	DIRECTOR & DOCTOR (START JAN23)	50.00	Director	$0	$11,358	$428,704
GIESEN CANDICE	DIRECTOR	1.00	Director	$0	$0	$0
KRUEGER CHARLES	DIRECTOR	1.00	Director	$0	$0	$0
MAHER SISTER MARY FRANCES	DIRECTOR	1.00	Director	$0	$0	$0
SHIELDS GENEVIEVE	DIRECTOR	1.00	Director	$0	$0	$0
BIRSCHBACH MICHELLE L	DIRECTOR & BOD V.CHAIR	1.00	Officer Director	$0	$0	$0
KAUFMANN MARILYN A PHD RN	DIRECTOR & BOD CHAIR	1.00	Officer Director	$0	$0	$0
KINATE SISTER NANCY	DIRECTOR & BOD SECRETARY	1.00	Officer Director	$0	$0	$0
SMITH ADAM	TREASURER (START JUL22)	1.00	Officer	$0	$70,178	$420,440
VAN DE KREEKE JEFFREY	FORMER - OFFICER (TREAS)	0.00		$0	$28,202	$573,274
NORELL BRETT	FORMER - OFFICER (PRES)	50.00		$0	$0	$468,317
DAY TROY D	FORMER - OFFICER (CFO)	50.00		$0	$0	$229,566

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	No data	No data	No data	No data
2023	$92,273,059	$118,572,494	$39,328,429	$-26,299,435
2022	$110,914,142	$146,485,578	$47,324,620	$-35,571,436
2021	$51,828,608	$61,896,491	$64,042,070	$-10,067,883
2020	$122,954,720	$125,825,045	$179,865,777	$-2,870,325
2019	$124,147,621	$123,143,554	$183,919,607	$1,004,067
2018	$120,949,303	$136,647,500	$177,191,853	$-15,698,197

HOLY FAMILY MEMORIAL INC