Trustbridge Inc
- Assets
- $247.0m
- Revenue
- $48.6m
- Investments
- $0.0
- Employees
- 325
- Location
- West Palm Beach, FL
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-3974015
Organization Overview
Trustbridge Inc is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2021, Trustbridge Inc employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustbridge Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Trustbridge Inc generated $48.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $49.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING MANAGEMENT AND OTHER SUPPORT SERVICES TO THE HOSPICE OF PALM BEACH COUNTY, AND OTHER RELATED TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTBRIDGE, INC. PROVIDES MANAGEMENT, ADMINISTRATIVE, AND OTHER SUPPORT SERVICES TO ITS SUPPORTED ORGANIZATIONS: HOSPICE OF PALM BEACH COUNTY, INC., TRUSTBRIDGE FOUNDATION, INC., HOSPICE BY THE SEA, INC., THE MEDICAL STORE OF PALM BEACH COUNTY, INC., FOCUS CARE HOME HEALTH, INC., AND HARBOR PALLIATIVE CARE SERVICES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Otd Inc Delivery Services | 12/30/21 | $1,034,997 |
Trillium Construction Inc Construction | 12/30/21 | $994,016 |
Homecare Homebase Inc It Consulting | 12/30/21 | $790,803 |
Amer Med Res Atlantic Pb Amb Patient Transportation | 12/30/21 | $689,625 |
Cambridge Security Services Corporation Security | 12/30/21 | $787,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $385,740 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,740 |
| Total Program Service Revenue | $47,980,242 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,624,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,164,892 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $525,448 |
| Other salaries and wages | $22,954,391 |
| Pension plan accruals and contributions | $644,942 |
| Other employee benefits | $4,143,754 |
| Payroll taxes | $1,655,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650,582 |
| Fees for services: Accounting | $213,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,339,621 |
| Advertising and promotion | $495,088 |
| Office expenses | $1,234,865 |
| Information technology | $3,282,947 |
| Royalties | $0 |
| Occupancy | $3,306,388 |
| Travel | $529,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,827 |
| Interest | $662,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,832,469 |
| Insurance | $768,973 |
| All other expenses | $0 |
| Total functional expenses | $49,550,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,134,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $463,776 |
| Prepaid expenses and deferred charges | $1,891,424 |
| Net Land, buildings, and equipment | $1,997,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $217,817,060 |
| Intangible assets | $0 |
| Other assets | $22,653,879 |
| Total assets | $246,958,049 |
| Accounts payable and accrued expenses | $11,682,084 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,562,507 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,005,169 |
| Total liabilities | $42,249,760 |
| Net assets without donor restrictions | $168,536,932 |
| Net assets with donor restrictions | $36,171,357 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $246,958,049 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Trustbridge Inc has recieved totaling $410,941.
| Awarding Organization | Amount |
|---|---|
Trustbridge Foundation Inc West Palm Beach, FL PURPOSE: Program Support | $385,741 |
The Batchelor Foundation Inc Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $20,000 |
Albert M And Miriam Rodstein Foundation Wellington, FL PURPOSE: COMMPASSIONATECARE | $5,000 |
Robert H And Susan F Castellini Foundation Cincinnati, OH PURPOSE: CONTRIBUTION TO SUPPORT THEIR ORGANIZATION | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $3,196,762 |
| Earnings | $311,610 |
| Other Expense | $288,592 |
| Ending Balance | $3,219,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustbridge Inc West Palm Beach, FL | $246,958,049 | $48,624,490 |
Empath Health Inc Clearwater, FL | $161,550,445 | $45,488,843 |
Arnies Army Charitable Events Foundation Inc Orlando, FL | $24,420,608 | $35,690,094 |
Morselife Foundation Inc West Palm Beach, FL | $49,056,952 | $14,295,083 |
Trustbridge Foundation Inc West Palm Beach, FL | $165,141,180 | $27,715,967 |
Family Allies Inc Rockledge, FL | $2,052,888 | $5,472,573 |
The Hospice Foundation Of Martin & St Lucie Inc Stuart, FL | $38,872,394 | $6,423,921 |
Sos Childrens Villages Florida Inc Coconut Creek, FL | $5,627,775 | $5,841,080 |
Sheriffs Ranches Enterprises Inc Boys Ranch, FL | $1,230,660 | $4,068,193 |
Ymca Of Greater St Petersburg Facility Operations Inc St Petersburg, FL | $0 | $3,487,521 |
National Foundation For Youth Inc Cocoa, FL | $82,942,437 | $32,677,323 |
John Knox Village Of Florida Foundation Inc Pompano Beach, FL | $16,895,257 | $2,827,394 |