TRINITY BUILDING CORPORATION

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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

1991

Legal Domicile

Principal Officer

LEAH GLASGO

Phone

5155733101

Tax Period

2019-01-01 to 2019-11-30

Mission

HOLD TITLE TO PROPERTY, COLLECT THE INCOME THEREFROM, AND TURN ALL OF SAID INCOME, LESS EXPENSES, OVER TO TRINITY HEALTH SYSTEMS, INC., AN IOWA NON-PROFIT CORPORATION.

Program Service Accomplishments

Program 1

AFFILIATE SUPPORT SERVICESTRINITY BUILDING CORPORATION IS A CORPORATION CREATED TO HOLD TITLES TO AND MANAGE REAL ESTATE BY COLLECTING INCOME AND PAYING EXPENSES RELATING TO THE USAGE OF THE...

AFFILIATE SUPPORT SERVICESTRINITY BUILDING CORPORATION IS A CORPORATION CREATED TO HOLD TITLES TO AND MANAGE REAL ESTATE BY COLLECTING INCOME AND PAYING EXPENSES RELATING TO THE USAGE OF THE PROPERTY. ALL OF THE INCOME FROM THE REAL ESTATE IS CONTRIBUTED TO TRINITY HEALTH SYSTEMS, INC., A 501(C)(3) CORPORATION, AND ITS SUBSIDIARIES IN FURTHERANCE OF THEIR MISSIONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	$21,222	-1.0%
Expenses	N/A	$29,817	-1.0%
Net Income	N/A	$-8,595	N/A

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

$2,268,080

Total Directors

$291,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT FEICKERT TO 0119	BOARD CHAIR & CFO	1.00	Officer Director	$0	$18,612	$270,894
MICHAEL FRISCHMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TAETS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$20,500
LEAH GLASGO FR 0119	PRESIDENT/CEO	1.00	Officer	$0	$126,509	$561,433
JAY HOFFMAN FR 0219 - 0919	INTERIM CFO	1.00	Officer	$0	$0	$0
SARAH MARSH	VP FINANCE	1.00	Officer	$0	$30,885	$152,718
SUSAN THOMPSON TO 0119	INTERIM PRESIDENT/CEO	1.00	Officer	$0	$515,779	$1,262,535
MIKE DEWERFF TO 0918	FORMER PRESIDENT/CEO	0.00		$0	$153,646	$681,268

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
2019	No data	No data	No data	No data
2018	$21,222	$29,817	$12,532,207	$-8,595