Overview
What is Trinity Health Corporation?
Trinity Health Corporation is a nonprofit organization, headquartered in Livonia, Michigan, dedicated to governing, managing, and providing administrative services to its subsidiaries, primarily hospital organizations exempt under Section 501(c)(3). These subsidiaries offer essential healthcare services to their respective communities. Trinity Health Corporation enables economies of scale for its subsidiaries, allowing them to provide healthcare services to patients at a reasonable cost. Trinity Health is known as one of the largest Catholic healthcare delivery systems in the country, with a mission to serve communities and reinvest profits back into them. In FY22, Trinity Health contributed $1.37 billion in community benefit spending and launched initiatives to advance health and racial equity in their communities. Their strategy focuses on investing in communities, advancing social care, and impacting social influencers of health. By developing partnerships and implementing evidence-based strategies, they aim to address the unique needs of each community and reduce health inequities.
Official website here: www.trinity-health.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Trinity Health Corporation has received a Three-Star rating from Charity Navigator, reflecting an accountability and finance score of 81%. The organization demonstrates strong governance practices, with 93% of its board members being independent and a comprehensive set of policies in place, including conflict of interest and whistleblower protections. Additionally, Trinity Health has a high program expense ratio at 98.21%, indicating that a substantial portion of its funding is directed toward its programs.
However, user feedback reveals significant dissatisfaction with the organization's billing department. Several clients have reported experiences of incompetence and fraudulent billing practices, noting ongoing issues with communication and resolution of their concerns. These complaints highlight a potential gap between Trinity Health's financial oversight and the operational execution of its patient support services.
While Trinity Health Corporation appears to manage its financial responsibilities well, the negative experiences reported by clients, particularly regarding billing, raise concerns about the overall patient experience. Prospective users may want to weigh these operational challenges against the organization's strong governance and financial management.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Trinity Health Corporation legitimate?
Trinity Health Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Health Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $17,497,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $720,001,110
For more financial information, click here
Official website here: www.trinity-health.org
What is the mission statement of Trinity Health Corporation?
Trinity Health Corporation serves together in the spirit of the gospel as a compassionate and transforming healing presence within communities. Its mission is to govern, manage, and provide administrative services to its subsidiaries, which are primarily hospital organizations that provide needed health care services. Trinity Health allows for economies of scale, enabling its subsidiaries to offer health care services at reasonable costs. In FY22, the organization invested in its communities, advanced social care, and impacted social influencers of health through various initiatives. Trinity Health's Community Health and Well-being (CHWB) strategy aims to connect social and clinical care, address social needs, dismantle systemic racism, and reduce health inequities. They launched training series to build the capacity of their leaders and engage communities in meaningful ways, focusing on health equity and racial equity. In FY22, Trinity Health contributed $1.37 billion in community benefit spending and $17.8 million in new loans to aid those in need and improve the health status of the communities they serve.
Official website here: www.trinity-health.org
Who is the CEO of Trinity Health Corporation?
Michael Slubowski is the Director; President & Ceo of Trinity Health Corporation. The CEO's salary of Trinity Health Corporation is $1,250,608 and their total compensation is $1,319,466.
Official website here: www.trinity-health.org
What is the revenue of Trinity Health Corporation?
Trinity Health Corporation's revenue in 2022 was $2,491,029,159.
Official website here: www.trinity-health.org
Who are the executives of Trinity Health Corporation and what are their salaries?
The average compensation at Trinity Health Corporation during 2022 was $91,117. There are 8094 employees at Trinity Health Corporation.
Here are 33 key members and their salaries (Trinity Health Corporation's CEO's salary is $1,250,608 and their total compensation is $1,319,466):
- Compensation: $4,280,565
- Related: $0
- Other: $123,896
- Compensation: $2,435,049
- Related: $0
- Other: $90,414
- Compensation: $1,646,705
- Related: $0
- Other: $318,127
- Compensation: $1,595,821
- Related: $0
- Other: $307,088
- Compensation: $1,745,307
- Related: $0
- Other: $72,401
- Compensation: $1,325,153
- Related: $0
- Other: $285,386
- Compensation: $1,420,916
- Related: $0
- Other: $49,433
- Compensation: $1,362,452
- Related: $0
- Other: $54,921
- Compensation: $1,331,598
- Related: $0
- Other: $81,444
- Compensation: $1,250,608
- Related: $0
- Other: $68,858
- Compensation: $1,165,528
- Related: $0
- Other: $60,305
- Compensation: $1,084,373
- Related: $0
- Other: $72,273
- Compensation: $884,171
- Related: $0
- Other: $199,695
- Compensation: $975,894
- Related: $0
- Other: $54,235
- Compensation: $668,917
- Related: $0
- Other: $64,052
- Compensation: $371,088
- Related: $0
- Other: $46,525
- Compensation: $253,148
- Related: $0
- Other: $376
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $48,750
- Related: $0
- Other: $0
- Compensation: $41,250
- Related: $0
- Other: $0
- Compensation: $41,250
- Related: $0
- Other: $0
- Compensation: $41,250
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $26,250
- Related: $0
- Other: $0
- Compensation: $26,250
- Related: $0
- Other: $0
- Compensation: $8,750
- Related: $0
- Other: $0
- Compensation: $8,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.trinity-health.org
Where can I find the form 990 for Trinity Health Corporation?
Trinity Health Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trinity-health.org
Learn more at the official website: www.trinity-health.org
Mission Statement of Trinity Health Corporation
Trinity Health Corporation, a leading health care system management organization, is dedicated to serving communities with compassion and transformation. With a mission to go beyond the realm of traditional health care, Trinity Health strives to make a profound impact on the lives of those it serves. Rooted in the spirit of the gospel, Trinity Health seeks to deliver needed health care services at reasonable costs.
Trinity Health's commitment to the well-being of people experiencing poverty and other vulnerabilities is exemplified through its Community Health and Well-being (CHWB) strategy. This strategy focuses on addressing social needs, dismantling systemic racism, and reducing health inequities. Trinity Health invests in its communities, advancing social care, and impacting social influencers of health.
Through its investments, Trinity Health grants millions of dollars each year to projects that directly align with interventions and local partnerships identified in its member hospitals' Community Health Needs Assessment (CHNA) implementation strategies. These investments address various needs, including access to healthcare, mental health, transportation, community engagement, food access, and housing supports. With a focus on health and racial equity, Trinity Health is dedicated to improving the health status of the communities it serves.
Trinity Health's social care program is another vital component of its mission. This program aims to address social needs by facilitating connections between patients, healthcare providers, and community partners that promote healthy behaviors. Highlights from the recent fiscal year include the launch of a system-wide assessment of language access services, the creation of a Trinity Health Community Health Worker (CHW) certification program, and the engagement of thousands of patients in the National Diabetes Prevention Program.
Trinity Health's impact extends beyond its communities through its shareholder advocacy work. By leveraging investor power, Trinity Health holds corporations accountable for human rights violations and fosters corporate social responsibility. In fiscal year 2022, Trinity Health facilitated over 135 shareholder advocacy engagements, resulting in commitments from major corporations to address issues such as chemical risks, food and beverage marketing to children, and the reduction of negative nutrients in products.
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Impact
October, 2024
Trinity Health Corporation plays a significant role in the healthcare landscape by managing and supporting a vast network of healthcare facilities dedicated to providing essential services to communities across the nation. By leveraging economies of scale, it enables its subsidiaries to deliver high-quality healthcare at reasonable costs.
A key aspect of Trinity Health's impact is its Community Health and Well-Being (CHWB) strategy, which focuses on promoting optimal health for vulnerable populations. This includes initiatives aimed at dismantling systemic racism and reducing health inequities. In fiscal year 2022, Trinity Health invested $1.37 billion in community benefits, addressing the unique health needs of various communities. This funding supported critical areas such as healthcare access, mental health services, transportation, food access, and housing support.
Trinity Health's commitment to community engagement is evident through programs like the Transforming Communities Initiative, which partners with community-based organizations to advance health and racial equity. Additionally, during the COVID-19 pandemic, Trinity Health facilitated vaccine accessibility through funding for community mobilization efforts, successfully administering 80,000 doses and reaching over 874,000 individuals with educational resources.
Moreover, Trinity Health addresses social determinants of health by connecting patients with resources for transportation, childcare, and affordable medications through its social care initiatives. Highlights from fiscal year 2022 include training community health workers and engaging thousands of patients in preventive care programs.
The organization also exercises investor influence to promote corporate social responsibility, successfully advocating for several companies to adopt healthier practices and address environmental concerns. Their shareholder advocacy efforts have drawn attention to important issues like human rights and safety in corporate policies.
In summary, Trinity Health Corporation has a profound impact on community health, social equity, and corporate responsibility, establishing itself as a transformative force within the healthcare system.
This information is meant to be a general summary of Trinity Health Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $369,005,170
- Program Service Revenue: $2,056,640,035
- Gross Receipts: $2,491,029,159
Assets and Liabilities:
- Total Assets: $11,390,095,796
- Total Liabilities: $10,328,601,772
- Net Assets: $1,061,494,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIARY FEES
Revenue
$1,964,308,583
INTERCOMPANY PURCHASED SERVICES
Revenue
$57,608,256
SPECIALTY PHARMACY
Revenue
$34,723,196
Organization Details
Founding Year
1978
Phone
(734) 343-1000Principal Officer
Michael Slubowski
Main Address
20555 VICTOR PKWY, LIVONIA, MI, 481527031
Website
www.trinity-health.orgNTEE Category
Code: E210 - Health
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