Trinitas Health

Nonprofit profile at a glance

EIN
223601680
IRS 990 coverage
2013–2021
Forms available
Form 990 2021, Form 990-EZ 2012
Location
Elizabeth, NJ, USA
Phone
9089948475
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Hospital, General

Reported finances

Revenue
$182,667
Expenses
$875,847
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • GARY S HORAN (PRESIDENT & CEO)

Highest reported compensation

  • GARY S HORAN (PRESIDENT & CEO): $1,742,414 total reported compensation
  • KAREN LUMPP (SENIOR VP & CFO): $773,969 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To coordinate and approve charitable activities of subsidiary organizations.

What it reported doing in 2021

Sole corporate tax-exempt member of trinitas regional medical center (the "medical center") and its affiliates, trinitas health foundation (the "foundation") and trinitas healthcare corporation ("thc"). Trinitas regional medical center continues a long-standing tradition of healing, comforting, and nurturing - the essence of healthcare. The medical center is a full-service healthcare facility serving those in the community in need of healthcare, regardless of their ability to pay. The medical center is proud to offer state-of-the-art medicine backed by compassion and competence with a full spectrum of sophisticated inpatient, outpatient, and long-term care services. Trinitas health has entered into a definitive agreement with rwj barnabas health, the transaction closed january 2022.the foundation raises funds through a number of activities, including annual appeals, special appeals, special events such as golf outings and galas, memorial and tribute giving, private and corporate foundation grants, and planned giving vehicles such as bequests, the pooled income fund and charitable trusts. The funds raised by the foundation support the medical center and other affiliates.thc provides services for children with a variety of medical diagnoses from birth to 21 years of age. Services include evaluations, direct interventions, consulting services and fun therapeutic summer programs. The services provided are able to provide a comprehensive approach to assist children with special needs in reaching their optimal capabilities.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 55
  • Accountability: 77
  • Sustainability: 2
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -379.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 30.9%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -10.6% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 14 of 14 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.7M · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 9 filing years from 2013 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.