COLUMBUS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRINITY HEALTH PLAN OF MICHIGAN INC, founded in 2023, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2024. Revenue surged 20629% from the prior year, signaling strong growth momentum.
WE, MOUNT CARMEL AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.TRINITY HEALTH PLAN OF MICHIGAN IS A MEMBER OF MOUNT CARMEL AND TRINITY HEALTH.
TRINITY HEALTH PLAN OF MICHIGAN WAS STARTED IN 2023 FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE COVERAGE TO SENIORS IN MICHIGAN AS A WHOLLY OWNED SUBSIDIARY OF MOUNT CARMEL HEALTH PLAN. IT...
TRINITY HEALTH PLAN OF MICHIGAN WAS STARTED IN 2023 FOR THE PURPOSE OF PROVIDING COMPREHENSIVE HEALTH CARE COVERAGE TO SENIORS IN MICHIGAN AS A WHOLLY OWNED SUBSIDIARY OF MOUNT CARMEL HEALTH PLAN. IT IS A MEMBER OF THE MOUNT CARMEL HEALTH SYSTEM, A TAX-EXEMPT HEALTH CARE SYSTEM UNDER IRC SECTION 501(C)(3). TRINITY HEALTH PLAN OF MICHIGAN IS A NONPROFIT ORGANIZATION THAT OFFERS BENEFITS THROUGH A MEDICARE ADVANTAGE PLAN APPROVED BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) THAT REPLACES TRADITIONAL MEDICARE COVERAGE. TRINITY HEALTH PLAN OF MICHIGAN SERVES SENIORS AND OTHER MEDICARE BENEFICIARIES IN 17 MICHIGAN COUNTIES.PLAN MEMBERS ELECT TO HAVE TRINITY HEALTH PLAN OF MICHIGAN (INSTEAD OF THE FEDERAL GOVERNMENT) ADMINISTER THE BENEFITS OF MEDICARE PART A AND PART B, AND THE PLAN ALSO OFFERS PHARMACEUTICAL COVERAGE UNDER MEDICARE PART D. TRINITY HEALTH PLAN OF MICHIGAN IS REQUIRED TO PROVIDE COVERAGE FOR EVERYTHING THAT THE FEDERAL MEDICARE PROGRAM COVERS, PLUS THE PLAN ALSO OFFERS ADDITIONAL ITEMS SUCH AS: UNLIMITED INPATIENT HOSPITAL DAYS COVERED AT 100% WITH NO DEDUCTIBLE; OUTPATIENT SURGERY FOR A SMALL CO-PAYMENT; DIAGNOSTIC AND TESTING SERVICES FOR A SMALL CO-PAYMENT; HOME HEALTH CARE AND SKILLED NURSING CARE COVERAGE WHEN NECESSARY; PRESCRIPTION DRUG BENEFITS; PHYSICIAN OFFICE VISITS WITH FIXED COPAYMENTS; AND UNLIMITED GENERIC DRUG COVERAGE.AS AN INTEGRAL PART OF MOUNT CARMEL HEALTH SYSTEM, TRINITY HEALTH PLAN OF MICHIGAN IS A COMMUNITY-BASED MANAGED HEALTH CARE ORGANIZATION THAT WORKS IN COLLABORATION WITH EMPLOYERS, INDIVIDUAL MEMBERS, PHYSICIANS, HEALTH CARE PROVIDERS, AND COMMUNITY AND GOVERNMENTAL AGENCIES TO CONTINUALLY IMPROVE THE HEALTH OF ITS MEMBERS BY PROVIDING EXCEPTIONAL COVERAGE AND ACCESS TO HIGH QUALITY AND COST-EFFECTIVE CARE.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.THPMEDICARE.ORG/MICHIGAN
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $12,143,568 | $58,583 | +206.3% |
| Expenses | $11,998,939 | N/A | N/A |
| Net Income | $144,629 | $58,583 | +1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT CASALOU | DIRECTOR; PRES & CEO, MICH REGION | 2.00 |
Officer
Director
|
$0 | $71,800 | $2,229,796 |
| JACK RANDOLPH | DIRECTOR; CHAIR; PRESIDENT & CEO | 2.00 |
Officer
Director
|
$0 | $198,404 | $1,121,281 |
| ANDY PRIDAY | MOUNT CARMEL CFO | 2.00 |
Officer
|
$0 | $35,089 | $584,670 |
| GREG WISE MD | MEDICAL DIRECTOR MCHP | 2.00 |
Key Emp
|
$0 | $32,473 | $466,792 |
| DAVID VIS | DIR; SEC;TREAS;VP FINANCE OPERATIONS | 2.00 |
Officer
Director
|
$0 | $44,341 | $444,028 |
| CARLOS ALVARADO | CHIEF ADMINISTRATIVE OFFICER MCHP | 2.00 |
Key Emp
|
$0 | $54,963 | $387,708 |
| TRISHA WHETSTONE | ASST SECRETARY; MCHS ASSOC COUNSEL | 2.00 |
Officer
|
$0 | $44,947 | $264,412 |
| FATOU NDOYE | ASST TREASURER; MCHP CONTROLLER | 2.00 |
Officer
|
$0 | $49,873 | $243,058 |
| MICHAEL WIRTH | SALES MANAGER MCHP | 40.00 |
Highest
|
$0 | $18,192 | $134,354 |
| NATHAN WIRTH | BROKER ACCOUNT EXECUTIVE MCHP | 40.00 |
Highest
|
$0 | $17,333 | $133,920 |
| CAROLINE HAYS MCELROY | DIR AT 12/24;CHIEF CLIN OPS THR 9/23 | 2.00 |
Director
|
$0 | $0 | $16,593 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $12,143,568 | $11,998,939 | $15,784,136 | $144,629 |
| 2023 | $58,583 | No data | $3,287,159 | No data |
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