Trinity Health Systems Inc
- Assets
- $31.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Fort Dodge, IA
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 42-1222877
Organization Overview
Trinity Health Systems Inc is located in Fort Dodge, IA. The organization was established in 1984. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Trinity Health Systems Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Health Systems 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 12/2022, Trinity Health Systems Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE CITIZENS OF OUR COMMUNITIES AND REGIONS.
Describe the Organization's Program Activity:
AFFILIATE SUPPORT SERVICESTRINITY HEALTH SYSTEMS, INC. IS ORGANIZED TO SUPPORT THE MISSIONS OF SEVERAL RELATED CHARITABLE, TAX-EXEMPT ORGANIZATIONS INCLUDING TRINITY REGIONAL MEDICAL CENTER, TRINITY HEALTH FOUNDATION, TRIMARK PHYSICIANS GROUP, AND NORTH CENTRAL IOWA MENTAL HEALTH CENTER, INC. DBA BERRYHILL CENTER FOR MENTAL HEALTH. THE SUPPORT SERVICES PROVIDED TO THESE ORGANIZATIONS ARE TO CONSTRUCT, OWN, LEASE, MANAGE, OPERATE, PROVIDE AND MAINTAIN ANY FACILITIES, PROGRAMS, SERVICES (MANAGEMENT OR OTHERWISE) AND RELATED ACTIVITIES, IN FURTHERANCE OF HEALTH CARE OR HEALTH EDUCATION. FACILITIES INCLUDE TRINITY REGIONAL MEDICAL CENTER, AND BERRYHILL CENTER FOR MENTAL HEALTH AND OTHER ESTABLISHMENTS CREATED TO CARRY THROUGH HEALTH CARE AND EDUCATIONAL PROGRAMS. THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, RELIGIOUS AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH PREVIOUSLY STATED PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Clayton Board Member | Trustee | 1 | $0 |
Neven Conrad Board Vice Chair | OfficerTrustee | 1 | $0 |
Chris Frideres Board Member | Trustee | 1 | $0 |
Mike Frischmeyer Board Chair | OfficerTrustee | 1 | $0 |
Leah Glasgo Board Member & President/ceo (sc & Fd) | OfficerTrustee | 40 | $1,067,658 |
Debra Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| 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 | $1,000,000 |
| Total Program Service Revenue | $2,485,620 |
| Investment income | -$9,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,485,904 |
| 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. | $1,540,379 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,404,695 |
| Pension plan accruals and contributions | $206,460 |
| Other employee benefits | $55,843 |
| Payroll taxes | $132,028 |
| 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 | $4,286 |
| Fees for services: Other | $3,872 |
| Advertising and promotion | $0 |
| Office expenses | $3,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,297 |
| Travel | $5,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,206 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,372,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,953 |
| Savings and temporary cash investments | $100,252 |
| 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 | $163,072 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,260 |
| Investments—publicly traded securities | $731,669 |
| Investments—other securities | $0 |
| Investments—program-related | $30,730,898 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,871,104 |
| Accounts payable and accrued expenses | $465,347 |
| 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 | $898,103 |
| Total liabilities | $1,363,450 |
| Net assets without donor restrictions | $30,507,654 |
| 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 | $31,871,104 |