GRAND RIVER HOSPITAL DISTRICT MEMORIAL TRUST FUND (EIN 840736594) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

JIM COOMBS

Phone

9706251510

Tax Period

2022-01-01 to 2022-12-31

GRAND RIVER HOSPITAL DISTRICT MEMORIAL TRUST FUND, founded in 1977, is a micro nonprofit that reported $94 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

GRAND RIVER HOSPITAL DISTRICT TRUST PROVIDES FINANCIAL AID TOWARDS THE OPERATIONS, CAPITAL IMPROVMENTS AND EQUIPMENT, AND BOND INDEBTEDNESS OF THE HOSPITAL DISTRICT OR OTHER PURPOSES AS DESIGNATED BY DONORS OF DONATIONS RECEIVED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $94

Other Revenue $0

TOTAL REVENUE $94

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$94	$306,338	-1.0%
Expenses	N/A	$306,526	-1.0%
Net Income	N/A	$-188	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD WEISS	PRESIDENT	1.0	Officer Director	$0	$0	$0
JAY RICKSTREW	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
RAQUEL MENDIZABAL	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
SHARON RAGGIO	DIRECTOR	1.0	Director	$0	$0	$0
LARRY SWEENEY	DIRECTOR	1.0	Director	$0	$0	$0
TODD ELLIS	DIRECTOR	1.0	Director	$0	$0	$0
PERRY WILL	DIRECTOR	1.0	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
2022	$94	No data	$383,523	No data
2021	$306,338	$306,526	$1,365,885	$-188
2020	$31	No data	$1,059,547	No data
2019	$691	No data	$1,059,704	No data
2018	$3,463	$326	$1,059,013	$3,137

GRAND RIVER HOSPITAL DISTRICT MEMORIAL TRUST FUND