TRINITY HEALTH FOUNDATION

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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

1983

Legal Domicile

Principal Officer

LEAH GLASGO

Phone

5155743101

Tax Period

2023-01-01 to 2023-12-31

TRINITY HEALTH FOUNDATION, founded in 1983, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $33.7M represent 180 months of operating reserves.

Mission

TRINITY HEALTH FOUNDATION IS A NONPROFIT ORGANIZATION THAT SUPPORTS TRINITY HEALTH SYSTEMS' MISSION OF "IMPROVING OUR COMMUNITY'S HEALTH." THE FOUNDATION'S GOAL IS TO PROVIDE FUNDING TO TRINITY HEALTH SYSTEMS TO ENHANCE PATIENT CARE AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,662,246 Revenue: $0

GRANTS, ALLOCATIONS AND PROGRAM SUPPORTTRINITY HEALTH FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF TRINITY REGIONAL MEDICAL CENTER IN FORT DODGE, IOWA, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF TRINITY HEALTH SYSTEMS, INC. AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANT, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:- CONTRIBUTIONS TO TRINITY REGIONAL MEDICAL CENTER FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES AND MISCELLANEOUS.- SCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.- GRANTS TO LOCAL RURAL HEALTH COMMUNITIES ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.- MISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.

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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 $1,035,299

Program Service Revenue $0

Investment Income $1,167,579

Other Revenue $41,165

TOTAL REVENUE $2,244,043

Expense Breakdown

Grants Paid $1,662,246

Salaries & Benefits $291,588

Fundraising Expenses $303,055

Program Expenses $1,662,246

Other Expenses $325,439

TOTAL EXPENSES $2,356,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,244,043	$4,847,679	-0.5%
Expenses	$2,356,049	$2,308,905	+0.0%
Net Income	$-112,006	$2,538,774	-1.0%

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

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

$1,306,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKI CONRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HERUM	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN KEHM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE LARA	BOARD MEMBER	1.00	Director	$0	$0	$0
KRIS LEAMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM LENTSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NADINE SCHLIENZ	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CIERRA WALDING	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEBORAH ZEMKE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LEAH GLASGO	PRESIDENT/CEO (SC & FD)	1.00	Officer	$0	$94,671	$981,003
SARAH MARSH	VP FINANCE	1.00	Officer	$0	$41,604	$325,483
SUSAN THOMPSON-IHS INT CEO TO 0221	FMR INT BOARD MBR & PRES (TO 1/19)	0.00		$0	$0	$278,145

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	$2,244,043	$2,356,049	$34,525,716	$-112,006
2022	$4,847,679	$2,308,905	$30,452,215	$2,538,774
2021	$5,654,527	$2,337,866	$30,981,223	$3,316,661
2020	$2,989,622	$1,478,447	$27,027,461	$1,511,175
2019	$1,478,694	$1,855,427	$24,407,135	$-376,733
2018	$4,546,424	$2,086,925	$21,613,651	$2,459,499