Trinity Health Foundation
- Assets
- $15.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Island, IL
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 36-3321751
Organization Overview
Trinity Health Foundation is located in Rock Island, IL. The organization was established in 1987. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Health Foundation 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 12/2023, Trinity Health Foundation generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Trinity Health Foundation has awarded 41 individual grants totaling $14,137,753. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECURES CHARITABLE GIFTS AND VOLUNTEER RESOURCES TO SUPPORT TRINITY'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS, ALLOCATIONS AND PROGRAM SUPPORTTRINITY HEALTH FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF TRINITY MEDICAL CENTER IN ROCK ISLAND, ILLINOIS, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF TRINITY REGIONAL HEALTH SYSTEM AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANTS, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:A) CONTRIBUTIONS TO TRINITY REGIONAL HEALTH SYSTEM, TRINITY MEDICAL CENTER, UNITYPOINT@HOME-TRINITY, UNITYPOINT CLINICS-TRINITY, FOR CAPITAL AND EQUIPMENT PURCHASES, PATIENT ASSISTANCE, CONTINUING EDUCATION FOR EMPLOYEES, COMMUNITY HEALTH EDUCATION, MEDICAL PROGRAMS, RESEARCH AND GENERAL OPERATING EXPENSES;B) SCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS PURSING NURSING AND OTHER MEDICAL EDUCATION;C) SCHOLARSHIPS AWARDED TO AREA INDIVIDUALS AND CHILDREN OF EMPLOYEES FOR EDUCATION AND LEADERSHIP;D) GRANTS AWARDED TO UNITYPOINT HEALTH-TRINITY EMPLOYEES IN CRISIS;E) GRANTS FOR LOCAL HEALTH PROGRAMS BASED IN COMMUNITY & SPIRITUAL ORGANIZATIONS;F) MISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH TRINITY MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delia Drefurst Board Member | Trustee | 1 | $0 |
Lynsey Engels Board Vice Chair | OfficerTrustee | 1 | $0 |
Robert Erickson To 823 Board Member/president/ceo | OfficerTrustee | 1 | $0 |
Chad Everitt Board Member | Trustee | 1 | $0 |
Todd Frankel Board Member | Trustee | 1 | $0 |
Melinda Hass MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,955 |
| Related organizations | $1,091,680 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $954,166 |
| Noncash contributions included in lines 1a–1f | $8,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,209,801 |
| Total Program Service Revenue | $0 |
| Investment income | $401,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,042 |
| Net Income from Fundraising Events | -$10,783 |
| Net Income from Gaming Activities | $22,280 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,751,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,018,959 |
| Grants and other assistance to domestic individuals. | $53,863 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,640 |
| Compensation of current officers, directors, key employees. | $66,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,883 |
| Pension plan accruals and contributions | $9,003 |
| Other employee benefits | $19,443 |
| Payroll taxes | $13,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,452 |
| Fees for services: Other | $71,800 |
| Advertising and promotion | $335 |
| Office expenses | $15,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,179 |
| Travel | $2,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,586 |
| All other expenses | $57,007 |
| Total functional expenses | $1,925,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,985 |
| Savings and temporary cash investments | $687,479 |
| Pledges and grants receivable | $486,885 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $139,467 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,861,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,115,324 |
| Accounts payable and accrued expenses | $186,749 |
| 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 | $107,275 |
| Total liabilities | $294,024 |
| Net assets without donor restrictions | $2,240,664 |
| Net assets with donor restrictions | $12,580,636 |
| 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 | $15,115,324 |
Grants Awarded
Over the last fiscal year, Trinity Health Foundation has awarded $1,019,570 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,536 |
CENTER FOR ALCOHOL & DRUG SERVICES INC PURPOSE: PROGRAM SUPPORT | $20,576 |
TRINITY COLLEGE OF NURSING & HEALTH SCIENCES PURPOSE: PROGRAM SUPPORT | $206,750 |
TRINITY MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $618,237 |
TRINITY REGIONAL HEALTH SYSTEM PURPOSE: PROGRAM SUPPORT | $91,701 |
UNITYPOINT AT HOME PURPOSE: PROGRAM SUPPORT | $71,770 |