Trinity Health EIN 45-0226558 Form 990 (PDF) Claim this org

Trinity Health

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Provides quality healthcare and health services to meet people's complete needs. For fiscal year 2024 it reported $136.2M in revenue, $151.3M in expenses, and $22.6M in net assets.Pt I

Founded
1929
Type
Public charity (501(c)(3)) · Health Care
Location
Minot, ND
Website
www.trinityhealth.org
Filings
5 on file (2020–2024)
Revenue
$136.2MFY2024
Expenses
$151.3M
Net assets
$22.6M
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-0226558 Public charity (501(c)(3)) Minot, ND Founded 1929
Form 990 (PDF)
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Figures match the IRS filing checked 7/6/26 · see original: IRS
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Size
$100M+
What they do
Provides quality healthcare and health services to meet people's complete needs.
Leadership
Brent Knudson MD · Physician · $1.8M
Money in and out
$136.2M revenue, $151.3M expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$136.2M
Pt VIII · Ln 12
Total expenses
$151.3M
Pt IX · Ln 25
Net assets
$22.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15.1M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs+0.1% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▼ -33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$136.2M
FY2024-0.3%
Expenses
$151.3M
FY2024▲ +2%
Total assets
$42.7M
FY2024+0.05%
Total liabilities
$20.1M
FY2024▼ -2%
Total revenue
$136.2M
Pt VIII · Ln 12
Total expenses
$151.3M
Pt IX · Ln 25
Net assets
$22.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15.1M
Total assetsPt X · Ln 16$42.7M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrinity Health
EINHdr · item D45-0226558
Principal addressHdr · item CMinot, ND
WebsiteHdr · item Jwww.trinityhealth.org
Year of formationHdr · item L1929
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E020)
Ruling yearIRS BMFSep 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$1,789,690Pt VII · Sec A
Physician
$1,769,789Pt VII · Sec A
$1,747,386Pt VII · Sec A
$1,587,669Pt VII · Sec A
$1,503,870Pt VII · Sec A
President & CEO
$961,951Pt VII · Sec A
$792,485Pt VII · Sec A
$738,779Pt VII · Sec A

Brent Knudson MD’s $1.8M as Physician is at the 80th percentile of top reported officer pay among 1754 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Samir Turk MD$1,769,789$1,929,190$2,117,218$1,596,771$1,977,580$1,842,275
Brent Knudson MD$1,789,690$1,528,018
Cody Pehrson MD$1,747,386$1,542,574$1,503,807$1,266,512
Thompson Kamba MD$1,515,992$1,657,009$1,473,943$1,506,911
Alexandra Radu MD$1,587,669$1,623,929$1,436,441$1,382,461
Sridhar Naidu MD$1,519,467$1,308,264$1,459,591$1,338,926
Brian Johnson MD$1,503,870
Farzodd Hanjani MD$1,473,909$1,396,839$1,318,469

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $147.4M of program spending, described in the organization's own filed words · FY2024.
01

Trinity health provides education and healthcare services for residents of central and northwest north dakota and northeastern montana.

$124.2Mprogram expense
02

Trinity health radiologists are highly trained and skilled at assessing and interpreting x-rays, CT, nuclear medicine, ultrasound, mri scans, and mammography images.

$12.3Mprogram expense
03

Trinity health provides optometry services for general eyecare and eye testing for optical aids; ophthalmologists who provide comprehensive eye and vision care, including surgery to repair and enhance vision; optometrists who provides general eyecare and eye testing for optical aids and optical sale of contact lens and eyeglasses.

$10.8Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$134.3M · 99%
Investment income$1.7M · 1%
Program service revenue99%$134.3M
Investment income1%$1.7M
Other revenue$112K
Total revenueLn 12$136.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$147.4M
Management & general3%$3.9M
Total functional expensesLn 25$151.3M

Balance Sheet

Part X · end of year
CashLn 1$830K
Total assetsLn 16$42.7M
Total liabilitiesLn 26$20.1M
Total net assetsLn 32$22.6M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $830K · Operating expenses/yr $151.3M
0.1 months
Where the money goes
Program services
Program services $147.4M · Total expenses $151.3M
97%
Management & General
Management & general $3.9M · Total expenses $151.3M
3%
Fundraising
Fundraising $0 · Total expenses $151.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $136.2M
0%
Government reliance
Government grants — · Total revenue $136.2M
Earned-income share
Program service revenue $134.3M · Total revenue $136.2M
99%
Investment reliance
Investment income $1.7M · Total revenue $136.2M
+1%
Program self-sufficiency
Program service revenue $134.3M · Total expenses $151.3M
89%
Growth & trend
Revenue growth (YoY)
This year $136.2M · Prior year $136.6M
-0.3%
Revenue CAGR
FY2019 $125.4M · FY2024 $136.2M
+2%
Net-asset trend (YoY)
End of year $22.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136.2M · Expenses $151.3M
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $42.7M
Net-asset ratio
Net assets $22.6M · Total assets $42.7M
53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brent Knudson MD · Reported title PHYSICIAN · Highest reported compensation $1.8M · Total expenses $151.3M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $139.1M · Total expenses $151.3M
92%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Revenue growth -0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$136.6M revenue · ⤓ 990 PDF
FY2023$135.8M revenue · ⤓ 990 PDF
FY2022$137.9M revenue · ⤓ 990 PDF
FY2021$127.8M revenue · ⤓ 990 PDF
FY2020$125.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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