Trousdale Foundation Inc
- Assets
- $2.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 82
- Location
- Cleveland, TN
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 39-1946225
Organization Overview
Trousdale Foundation Inc, operating under the name Benchmark Healthcare Of Dane County, is located in Cleveland, TN. The organization was established in 1990. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Benchmark Healthcare Of Dane County employed 82 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benchmark Healthcare Of Dane County 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, Benchmark Healthcare Of Dane County generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES AFFORDABLE NURSING SERVICES TO RESIDENTS OF ITS NURSING FACILITIY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENCHMARK HEALTHCARE OF DANE COUNTY IS ORGANIZED FOR THE PURPOSE OF OPERATING A 45-BED SKILLED NURSING FACILITY WHICH PROVIDES AFFORDABLE INTERMEDIATE AND SKILLED NURSING SERVICES TO THE RESIDENTS OF BLACK EARTH, WISCONSIN AND THE SURROUNDING AREA. DURING THE CURRENT YEAR, THERE WERE 9,608 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Ann Canan-Denny Secretary | OfficerTrustee | 2 | $71,776 |
Ken Hart Treasurer | OfficerTrustee | 2 | $0 |
Jean Varnell Director | Trustee | 2 | $0 |
David Sherlin Director | Trustee | 2 | $0 |
Christin J Rose Chairman/president | OfficerTrustee | 4 | $0 |
Thomas D Johnson Executive Director | Officer | 10 | $417,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,560 |
| 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 | $40,560 |
| Total Program Service Revenue | $2,919,843 |
| Investment income | $7 |
| 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 | $2,960,410 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,784,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,326 |
| Payroll taxes | $134,048 |
| Fees for services: Management | $177,687 |
| Fees for services: Legal | $13,485 |
| 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 | $277,331 |
| Advertising and promotion | $291 |
| Office expenses | $122,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,264 |
| Travel | $20,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $243,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,369 |
| Insurance | $214,636 |
| All other expenses | $0 |
| Total functional expenses | $3,489,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,006 |
| 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 | $2,151 |
| Net Land, buildings, and equipment | $1,359,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,389,344 |
| Total assets | $2,929,901 |
| Accounts payable and accrued expenses | $1,273,787 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,691 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,665,310 |
| Other liabilities | $0 |
| Total liabilities | $3,940,788 |
| Net assets without donor restrictions | -$1,010,887 |
| 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 | $2,929,901 |