TRINITY HEALTH - MICHIGAN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,277,491,965
Program Services
94%
Other
3%
Investments
2%
Contributions
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,070,059,620
Salaries & Benefits
43%
Other
41%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
4%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,813,165
$12,421,431
+114%
Government Grants
$18,782,983
$9,629,389
-49%
Fundraising Events
$0
$0
-
Program Services
$2,862,192,132
$3,086,292,092
+8%
Membership Dues
$0
$0
-
Investments
$50,590,847
$61,569,083
+22%
Other
$107,351,950
$107,579,970
+0%
Total Revenues
$3,044,731,077
$3,277,491,965
+8%
Expenses
2023
2024
Change
Grants
$4,436,817
$4,011,991
-10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,256,891,360
$1,317,638,624
+5%
Fees to Service Providers
$178,720,287
$168,053,740
-6%
Advertising & Promotion
$11,134,041
$11,566,416
+4%
Offices, Occupancy & IT
$179,858,068
$170,863,569
-5%
Interest
$30,599,723
$28,198,553
-8%
Depreciation
$116,842,568
$117,263,573
+0%
Other
$1,102,306,643
$1,252,463,154
+14%
Total Expenses
$2,880,789,507
$3,070,059,620
+7%
Net income
2023
2024
Change
Net income
+$163,941,570
+$207,432,345
+27%
Functional Expenses
Summary
2023
2024
Change
Program
$2,604,640,133
$2,787,065,356
+7%
Admin
$274,025,681
$280,748,380
+2%
Fundraising
$2,123,693
$2,245,884
+6%
Total Expenses
$2,880,789,507
$3,070,059,620
+7%
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