Triad Health Systems Inc

Analysis

Triad Health Systems Inc is a registered charity in United States, based in Warsaw, KY. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triad Health Systems Inc reported income of $10.0m and spending of $10.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $10.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Triad Health Systems Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Meritus Healthcare Foundation Inc ($10.0m), National Tuberous Sclerosis Association Inc ($10.0m) and Health Facilities Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $847k (8.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $11.7m against liabilities of $5.1m, net assets of $6.6m. It reported 104 employees.