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
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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
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.

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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%)

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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
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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

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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
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