TRINITY HEALTH PLAN OF MICHIGAN INC (EIN 843836552) - 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

2023

Legal Domicile

Principal Officer

JACK RANDOLPH

Phone

6145464000

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO OPERATE A MEDICARE HMO FOR SENIORS

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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 $11,997,930

Investment Income $145,638

Other Revenue $0

TOTAL REVENUE $12,143,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $515,869

Fundraising Expenses $0

Program Expenses $10,352,175

Other Expenses $11,483,070

TOTAL EXPENSES $11,998,939

Year-over-Year Comparison

	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%

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

N/A

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

$4,887,245

Total Directors

$3,811,698

Key Employees

$854,500

Highest Compensated

reported

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

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	$12,143,568	$11,998,939	$15,784,136	$144,629
2023	$58,583	No data	$3,287,159	No data

TRINITY HEALTH PLAN OF MICHIGAN INC