Trousdale Foundation Inc
- Assets
- $599.1k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 37
- Location
- Cleveland, TN
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 30-1103971
Organization Overview
Trousdale Foundation Inc is located in Cleveland, TN. The organization was established in 1990. As of 06/2022, Trousdale Foundation Inc employed 37 individuals. This organization is a subordinate organization within 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 $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. 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
TO PROVIDE AID AND SUPPORT FOR VARIOUS NOT FOR PROFIT SENIOR HEALTHCARE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FILING ORGANIZATION PROVIDES ADMINISTRATIVE AND MEDICAL SUPPORT SERVICES TO THE RESIDENTS OF VARIOUS NOT-FOR-PROFIT HOME HEALTHCARE, ASSISTED LIVING FACILITIES, AND SKILLED NURSING HOME CARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Johnson Executive Director | OfficerTrustee | 10 | $0 |
Sanford Mitchell Skipper CFO (ended 12/2021) | 10 | $0 | |
Suzanne Lewis VP Of Clinical Services | 40 | $139,039 | |
Tammy Cassidy VP Of Clinical Services | 40 | $101,486 | |
Kenneth C Hart Jr Treasurer | OfficerTrustee | 2 | $0 |
Kelli Ann Canan-Denny Secretary | Officer | 2 | $71,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,984,783 |
| Investment income | $0 |
| 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 | $2,984,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,758,416 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,289,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $779 |
| Payroll taxes | $167,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,227 |
| 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 | $201,165 |
| Advertising and promotion | $0 |
| Office expenses | $17,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,925 |
| Travel | $16,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,367 |
| Insurance | $191,483 |
| All other expenses | $0 |
| Total functional expenses | $5,034,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,564 |
| 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 | $0 |
| Net Land, buildings, and equipment | $43,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $543,750 |
| Total assets | $599,097 |
| Accounts payable and accrued expenses | $5,836,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $5,836,548 |
| Net assets without donor restrictions | -$5,237,451 |
| 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 | $599,097 |
Grants Awarded
Over the last fiscal year, Trousdale Foundation Inc has awarded $1,741,822 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TROUSDALE SCHOOL PURPOSE: GENERAL SUPPORT SERVICES | $1,103,822 |
TROUSDALE FOUNDATION INC PURPOSE: GENERAL SUPPORT SERVICES | $638,000 |