Trousdale Foundation Inc
- Assets
- $158.2m
- Revenue
- $86.3m
- Investments
- $0.0
- Employees
- 1,703
- Location
- Cleveland, TN
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 22-2986746
Organization Overview
Trousdale Foundation Inc is located in Cleveland, TN. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Trousdale Foundation Inc employed 1,703 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Trousdale Foundation 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 06/2022, Trousdale Foundation Inc generated $86.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $86.5m during the year ending 06/2022. While expenses have increased by 34.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE, OWN, AND MANAGE NURSING HOMES, HOSPITALS, RETIREMENT HOUSING AND HEALTH CARE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FILING ORGANIZATION PROVIDES PATIENT CARE TO PATIENTS WHO REQUIRE NURSING HOME CARE. THE SERVICES INCLUDED ARE NURSING CARE, MEDICATION, DIETARY, SOCIAL AND ACTIVITY, LAUNDRY, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Johnson Executive Director | Officer | 10 | $417,015 |
Sanford Mitchell Skipper CFO (ended 12/2021) | Officer | 10 | $225,068 |
Daniel Koliadko VP And General Counsel | 40 | $116,000 | |
Kelli Ann Canan-Denny Secretary | Officer | 2 | $0 |
Christin J Rose Chair/president | OfficerTrustee | 4 | $0 |
Kenneth C Hart Jr Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Medical Support Services | 6/29/22 | $687,293 |
Compassion Health Management Llc Management Services | 6/29/22 | $493,063 |
Shiftkey Llc Staffing Agency | 6/29/22 | $246,632 |
Pioneer Technology It Services | 6/29/22 | $362,687 |
Prolink Staffing Services Staffing Agency | 6/29/22 | $212,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $638,000 |
| Government grants | $14,709,484 |
| 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 | $15,347,484 |
| Total Program Service Revenue | $70,932,614 |
| Investment income | $2,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,292,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $642,083 |
| Other salaries and wages | $36,933,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $747,407 |
| Payroll taxes | $2,877,190 |
| Fees for services: Management | $2,385,934 |
| Fees for services: Legal | $464,683 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,419,496 |
| Advertising and promotion | $27,834 |
| Office expenses | $4,274,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,946,810 |
| Travel | $186,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,435 |
| Interest | $8,935,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,916,063 |
| Insurance | $2,992,775 |
| All other expenses | $28,699 |
| Total functional expenses | $86,517,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,827,347 |
| Savings and temporary cash investments | $3,934,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,450,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,836 |
| Net Land, buildings, and equipment | $119,402,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,284,535 |
| Other assets | $12,141,876 |
| Total assets | $158,158,687 |
| Accounts payable and accrued expenses | $23,989,850 |
| Grants payable | $0 |
| Deferred revenue | $467,006 |
| Tax-exempt bond liabilities | $131,632,917 |
| Escrow or custodial account liability | $427,909 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,250,409 |
| Secured mortgages and notes payable | $12,762,156 |
| Unsecured mortgages and notes payable | $19,187 |
| Other liabilities | $12,425 |
| Total liabilities | $170,561,859 |
| Net assets without donor restrictions | -$12,403,172 |
| Net assets with donor restrictions | $0 |
| 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 | $158,158,687 |