Trinity Health

Analysis

Trinity Health is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in September 2003, 23 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 June 2023, Trinity Health reported income of $135.8m and spending of $151.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $123.8m to $135.8m (+9.7%), an average of +2.3% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trinity Health sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Texas Health Presbyterian Hospital Allen ($135.7m), Wellmont Medical Associates Inc ($135.9m) and Emma L Bixby Medical Center ($135.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.7m (3.1% of expenses). Other salaries and wages came to $118.2m. At year end it held assets of $46.5m against liabilities of $19.6m, net assets of $26.9m. It reported 3,448 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.