HOLY CROSS CARENET INC

EIN: 521945054 501(c)(3) Health Care

LIVONIA, MI

Total Revenue
N/A
Total Expenses
$28,156
Total Assets
$11,949,126
Net Assets
$11,949,126
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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
1995
Legal Domicile
MD
Principal Officer
DANIEL DRAKE
Phone
7345428300
Tax Period
2024-07-01 to 2025-06-30

Mission

TO PROVIDE LONG TERM CARE SERVICES.

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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 (2024)

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
Program Expenses $28,156
Other Expenses $28,156
TOTAL EXPENSES $28,156

Year-over-Year Comparison

2024 2023 Change
Revenue N/A $9 -1.0%
Expenses $28,156 N/A N/A
Net Income N/A $9 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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
7

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
9
$7,299,501
Total Directors
15
$14,012,211
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN CARTER DIR; CHAIR AT 1/25; TRIN EVP & COO 1.00
Officer Director
$0 $52,582 $3,488,982
DANIEL ISACKSEN DIRECTOR AT 1/25; TRINITY EVP, CFO 1.00
Director
$0 $448,380 $2,827,147
DANIEL ROTH MD DIR AT 1/25; TRIN CHIEF CLIN OFFCR 1.00
Director
$0 $55,387 $2,494,986
RAY ANDERSON DIR AT 1/25; TRIN CHF STRATEGY OFFCR 1.00
Director
$0 $285,343 $1,612,310
CORINNE FRANCIS DIRECTOR AT 1/25; TRINITY EVP, CIMO 1.00
Director
$0 $212,082 $1,177,761
DANIEL DRAKE DIRECTOR, PRESIDENT & CEO AS OF 7/24 1.00
Officer Director
$0 $49,465 $1,010,454
JOSHUA MOORE DIR AT 1/25;SEC 7/24-12/24;TRIN SVP 1.00
Officer Director
$0 $170,186 $886,910
MARCUS BOWENS TREASURER; CFO, CONTINUING CARE 1.00
Officer
$0 $111,392 $726,523
MANDI MURRAY FORMER OFFCR; TRIN VP MANAGING CNSL 0.00
$0 $53,249 $632,831
JACLYN HARRIS DIRECTOR, PRESIDENT & CEO THR 7/24 1.00
Officer Director
$0 $16,313 $513,661
DAVID DEFRAIN VICE PRESIDENT OF FINANCE 1.00
Officer
$0 $46,323 $391,337
CHRISTINE SEPPALA SEC AT 1/25;TRIN ASSOCIATE COUNSEL 1.00
Officer
$0 $45,923 $281,634
JANICE HAMILTON-CRAWFORD FORMER OFFICER 0.00
$0 $0 $141,092
ARTHUR HENKEL DIRECTOR & CHAIR THROUGH 12/24 0.10
Officer Director
$0 $0 $0
ANNA MARIE TAG RSM DIRECTOR & VICE CHAIR THROUGH 12/24 0.10
Officer Director
$0 $0 $0
JOANNE HANDY DIRECTOR THROUGH 12/24 0.10
Director
$0 $0 $0
WILLIAM MINNIX DIRECTOR THROUGH 12/24 0.10
Director
$0 $0 $0
LEJON POOLE DIRECTOR THROUGH 12/24 0.10
Director
$0 $0 $0
ANTONIA VILLARRUEL DIRECTOR THROUGH 12/24 0.10
Director
$0 $0 $0
DEWAYNE WELLS DIRECTOR THROUGH 12/24 0.10
Director
$0 $0 $0
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 $28,156 $11,949,126 No data
2024 $9 No data $11,977,282 No data
2023 $4,774 No data $11,977,273 No data
2022 $1,462 $1,644 $11,981,359 $-182
2021 $134,649 $99,259 $12,101,288 $35,390
2020 $241,902 $112,873 $12,173,332 $129,029
2019 $2,624,983 $3,649,926 $12,144,495 $-1,024,943
2018 $15,062,619 $18,231,593 $6,672,021 $-3,168,974
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