HOLY CROSS CARENET INC

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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

Principal Officer

DANIEL DRAKE

Phone

7345428300

Tax Period

2024-07-01 to 2025-06-30

Mission

WE, TRINITY SENIOR LIVING COMMUNITIES AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE IN OUR COMMUNITIES. HOLY CROSS CARENET IS A MEMBER OF THE TRINITY SENIOR LIVING COMMUNITIES AND A MEMBER OF TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $28,156 Revenue: $0

HOLY CROSS CARENET WAS A 145 LONG TERM BEDS FACILITY WHICH WERE DUALLY CERTIFIED FOR NURSING OR REHABILITATION CARE. MEDICAL CARE WAS PROVIDED TO RESIDENTS REGARDLESS OF THEIR ABILITY TO PAY. HOLY...

HOLY CROSS CARENET WAS A 145 LONG TERM BEDS FACILITY WHICH WERE DUALLY CERTIFIED FOR NURSING OR REHABILITATION CARE. MEDICAL CARE WAS PROVIDED TO RESIDENTS REGARDLESS OF THEIR ABILITY TO PAY. HOLY CROSS CARENET CEASED OPERATIONS ON AUGUST 31, 2018 WHEN IT SOLD MOST OF ITS ASSETS TO AURORA HEALTH MANAGEMENT, INC. THE ENTITY IS IN THE PROCESS OF WINDING DOWN AND EXPECTS TO DISSOLVE SOON.

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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 (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

Governance

Voting Members

Independent Members

N/A

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

$7,299,501

Total Directors

$14,012,211

Key Employees

Highest Compensated

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