Three Rivers Health System Inc

EIN: 451257972 501(c)(3) Health Care

THREE RIVERS, MI

Total Revenue
$73,808,126
Total Expenses
$73,920,924
Total Assets
$54,102,951
Net Assets
$43,578,607
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MI
Phone
2692781145
Tax Period
2023-01-01 to 2023-12-31

Three Rivers Health System Inc, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $73.8M in total revenue in fiscal year 2023.

Mission

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART.

Program Service Accomplishments

Program 1
Expenses: $59,202,693 Revenue: $72,447,899

In 2023, Oncology services remained down but showed improvement in volumes. The service line is viewed as a community need therefore; we persevered through with low volumes serving all those we were...

Read more

In 2023, Oncology services remained down but showed improvement in volumes. The service line is viewed as a community need therefore; we persevered through with low volumes serving all those we were able. Gaining system support through Beacon Health System Member Substitution Agreement afforded Three Rivers the opportunity to gain consistent providers serving the community on a regular basis with the ability to increase recruitment. The Center for Wound Healing continues to serve this community well offering hyperbaric oxygen therapy and an average healing rate above the state and national average. Having this service line available has proven to allow patients to keep limbs when otherwise travel would be difficult, and treatment may not be possible. Podiatry and Internal Medicine have continued to play an integral role at the Center with regards to wound debridement and offering an interdisciplinary approach to healing and limb retention. Detoxification continued to be a service offered by the organization with medical stabilization to get through the initial acute phase safely. Outpatient infusions continue to be a service need provided on a 24/7 basis. Outpatient therapies (PT, OT and speech) along with Cardiac Rehab are all located on the campus that allow for local care to an underserved community. Three Rivers Health continues to offer many services that would otherwise be impossible for some of the community due to lack of resources and support. These services may or may not be strong revenue stream but are rendered as part of the organization's mission to deliver outstanding care, inspire health and connect with heart. We continue to work to provide high-quality, close to home, and at reasonable cost healthcare; striving to meet the needs of the communities we serve.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $761,266
Program Service Revenue $71,858,061
Investment Income $305,817
Other Revenue $882,982
TOTAL REVENUE $73,808,126

Expense Breakdown

Grants Paid $7,792
Salaries & Benefits $33,346,399
Fundraising Expenses $0
Program Expenses $59,202,693
Other Expenses $40,566,733
TOTAL EXPENSES $73,920,924

Year-over-Year Comparison

2023 2022 Change
Revenue $73,808,126 $73,041,377 +0.0%
Expenses $73,920,924 $76,175,908 0.0%
Net Income $-112,798 $-3,134,531 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
536
Volunteers
51

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
6
$2,513,802
Total Directors
7
$233,779
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair 2.0
Officer Director
$225 $0 $225
N/A Vice Chair 2.0
Officer Director
$225 $0 $225
N/A Secretary 2.0
Officer Director
$225 $0 $225
N/A Director 2.0
Director
$1,021 $0 $1,021
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director, Physician 40.0
Director
$213,151 $18,482 $231,633
N/A CFO 2.0
Officer
$0 $118,036 $862,270
N/A CEO 2.0
Officer
$0 $170,134 $1,332,846
N/A President 40.0
Officer
$264,681 $53,330 $318,011
N/A Employed Physician 40.0
Highest
$370,298 $30,351 $400,649
N/A Employed Physician 40.0
Highest
$268,597 $13,169 $281,766
N/A Employed Physician 40.0
Highest
$308,433 $30,793 $339,226
N/A Employed Physician 40.0
Highest
$397,672 $22,385 $420,057
N/A Employed Physician 40.0
Highest
$331,391 $26,316 $357,707
N/A Former VP Nursing 40.0
$194,974 $25,303 $220,277
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 $73,808,126 $73,920,924 $54,102,951 $-112,798
2022 $73,041,377 $76,175,908 $38,845,134 $-3,134,531
2021 $77,773,698 $73,483,748 $44,921,544 $4,289,950
2020 $75,378,494 $70,270,383 $40,789,143 $5,108,111
2019 $73,808,791 $70,518,187 $20,553,901 $3,290,604
2018 $65,547,151 $65,349,815 $19,696,346 $197,336
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Three Rivers Health System Inc with other nonprofits in Michigan and across the country.