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Nonprofiteer
← TRINITY HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by TRINITY HEALTH FOUNDATION.

Totals

Total revenue
$2,244,043
Total expenses
$2,356,049
Contributions and grants received
$1,035,299
Grants paid
$1,662,246
Program service revenue
$0
Investment income
$1,167,579
Other revenue
$41,165
Total assets, end of year
$34,525,716
Total liabilities, end of year
$798,513
Net assets or fund balances, end of year
$33,727,203
Program services expenses (Part IX)
$1,662,246
Management and general expenses
$390,748
Fundraising expenses
$303,055
Program service expenses (Part III)
$1,662,246

Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $22,708

  • 1d · Related organizations

    $508,769

  • 1f · All other contributions, gifts and grants

    $503,822

  • 3 · Investment income

    total $977,395 · excluded $977,395

  • 7a · Gross sales of assets other than inventory

    securities $721,979

  • 7b · Less cost or other basis and sales expenses

    securities $531,795

  • 7c · Gain or loss

    securities $190,184

  • 7d · Net gain or loss

    total $190,184 · excluded $190,184

  • 8a · Fundraising events: gross income

    $8,628

  • 8a · Fundraising events: contributions included on line 1c

    $22,708

  • 8b · Fundraising events: direct expenses

    $10,895

  • 8c · Net income from fundraising events

    total -$2,267 · excluded -$2,267

  • 9a · Gaming: gross income

    $2,970

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $2,970 · excluded $2,970

  • 10a · Gross sales of inventory

    $246,195

  • 10b · Cost of goods sold

    $205,733

  • 10c · Net income from sales of inventory

    total $40,462 · excluded $40,462

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,643,049 · program services $1,643,049

  • 2 · Grants to domestic individuals

    total $19,197 · program services $19,197

  • 7 · Other salaries and wages

    total $248,411 · management and general $72,039 · fundraising $176,372

  • 8 · Pension plan contributions

    total $11,820 · management and general $3,428 · fundraising $8,392

  • 9 · Other employee benefits

    total $18,799 · management and general $5,452 · fundraising $13,347

  • 10 · Payroll taxes

    total $12,558 · management and general $3,642 · fundraising $8,916

  • 11e · Fees: professional fundraising services

    total $76,776 · fundraising $76,776

  • 11f · Fees: investment management

    total $301,970 · management and general $301,970

  • 11g · Fees: other

    total $9,001 · fundraising $9,001

  • 13 · Office expenses

    total $3,678 · fundraising $3,678

  • 17 · Travel

    total $3,374 · fundraising $3,374

  • 19 · Conferences, conventions and meetings

    total $995 · fundraising $995

  • 22 · Depreciation, depletion and amortization

    total $4,217 · management and general $4,217

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $2,204 · fundraising $2,204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,243 · end of year $339,605

  • 2 · Savings and temporary cash investments

    beginning of year $196,735 · end of year $198,230

  • 3 · Pledges and grants receivable

    beginning of year $1,262,771 · end of year $855,824

  • 7 · Other notes and loans receivable

    beginning of year $40,406 · end of year $20,292

  • 8 · Inventories for sale or use

    beginning of year $80,032 · end of year $134,771

  • 10a · Land, buildings and equipment: cost or other basis

    $40,377

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,293

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $21,084

  • 11 · Investments: publicly traded securities

    beginning of year $23,797,717 · end of year $26,453,369

  • 13 · Investments: program-related

    beginning of year $4,690,311 · end of year $6,502,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,273 · end of year $113,530

  • 25 · Other liabilities

    beginning of year $369,060 · end of year $684,983

  • 27 · Net assets without donor restrictions

    beginning of year $20,116,830 · end of year $22,085,008

  • 28 · Net assets with donor restrictions

    beginning of year $9,919,052 · end of year $11,642,195

Mission and programs · 2023

Mission

TRINITY HEALTH FOUNDATION IS A NONPROFIT ORGANIZATION THAT SUPPORTS TRINITY HEALTH SYSTEMS' MISSION OF "IMPROVING OUR COMMUNITY'S HEALTH." THE FOUNDATION'S GOAL IS TO PROVIDE FUNDING TO TRINITY HEALTH SYSTEMS TO ENHANCE PATIENT CARE AND SERVICES.

Activities or mission (Part I)

SUPPORTS TRINITY HEALTH SYSTEMS' MISSION OF "IMPROVING OUR COMMUNITY'S HEALTH."

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,662,246 · Grants $1,662,246

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • NIKI CONRAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HERUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN KEHM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMIE LARA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRIS LEAMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM LENTSCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH LIVINGSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NADINE SCHLIENZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE TUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CIERRA WALDING

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH ZEMKE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LEAH GLASGO

    PRESIDENT/CEO (SC & FD)

    Total calculated
    $981,003
    From this org
    $0
    From related orgs
    $886,332
    Other
    $94,671
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $583,501 related
    Bonus
    $0 + $294,876 related
    Other
    $0 + $7,955 related
    Deferred
    $0 + $61,107 related
    Nontaxable benefits
    $0 + $33,564 related
    Filer's total
    $0 + $981,003 related

  • SARAH MARSH

    VP FINANCE

    Total calculated
    $325,483
    From this org
    $0
    From related orgs
    $283,879
    Other
    $41,604
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,453 related
    Bonus
    $0 + $56,746 related
    Other
    $0 + $2,680 related
    Deferred
    $0 + $14,696 related
    Nontaxable benefits
    $0 + $26,908 related
    Filer's total
    $0 + $325,483 related

  • SUSAN THOMPSON-IHS INT CEO TO 0221

    FMR INT BOARD MBR & PRES (TO 1/19)

    Total calculated
    $278,145
    From this org
    $0
    From related orgs
    $278,145
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $278,145 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $278,145 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: LEAH GLASGO $44,607. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: SUSAN THOMPSON $278,145. PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433199349316583

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