Saint Mary's Foundation C/o Trinity Health Grand Rapids

Nonprofit profile at a glance

EIN
381779602
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Grand Rapids, MI, USA
Phone
6166851889
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$5,508,872
Expenses
$3,805,775
Assets
$35,948,726
Liabilities
$673,986

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • MICHELLE RABIDEAU (PRESIDENT, SAINT MARY'S FOUNDATION)

Highest reported compensation

  • MATTHEW BIERSACK MD (TRUSTEE; TRINITY GRAND RAPIDS PRES): $924,821 total reported compensation
  • DANIEL GREEN (TRUSTEE; TRINITY GRAND RAPIDS VP FIN): $621,171 total reported compensation
  • ANDOLA MATHIS MD (TRUSTEE; TH MED GROUP PHYSICIAN): $417,983 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, saint mary's foundation and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.saint mary's foundation is a member of trinity health-Michigan and trinity health.

What it reported doing in 2024

Since 1964, saint mary's foundation ("foundation"), located in grand rapids, mi, has served as the fundraising arm of trinity health grand rapids hospital, an unincorporated division of trinity health-Michigan. The activities of the foundation include providing financial resources through volunteers services and fundraising activities, and promoting health education. The foundation raised $4,100,000 in fiscal year 2025 from individuals, corporations, private foundations, and the federal and state government with assistance from dedicated volunteers and generous friends. The foundation gave $1,480,000 to trinity health grand rapids hospital this year during fiscal year 2025. Funds raised supported clinical excellence, medical and nursing education, campus enhancements, and community outreach and patient support. These contributions help trinity health grand rapids hospital meet the vast medical and social service needs of the uninsured and underinsured community and to respond to the unmet needs of older persons in the community.please visit our website for additional information: www.trinityhealthmichigan.org/foundation-and-giving/

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 73
  • Accountability: 80
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.5%; rating input score 63
  • Program expense ratio: 73%; rating input score 73
  • Fundraising efficiency: $7.13 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.1%; rating input score 99; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80.8%; rating input score 81; 15th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.9%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 9.45; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 9.3%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 62.5% of revenue deployed · 73% of spending went to programs
  • Governance: 21 of 26 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $925K · 28 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 311 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.