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Nonprofiteer
← TRINITY HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by TRINITY HEALTH FOUNDATION.

Totals

Total revenue
$11,492,913
Total expenses
$1,921,903
Contributions and grants received
$10,703,558
Grants paid
$1,124,077
Program service revenue
$0
Investment income
$795,161
Other revenue
-$5,806
Total assets, end of year
$25,598,042
Total liabilities, end of year
$504,583
Net assets or fund balances, end of year
$25,093,459
Program services expenses (Part IX)
$1,124,077
Management and general expenses
$243,593
Fundraising expenses
$554,233
Program service expenses (Part III)
$1,124,077

Program services were 58.5% 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

    $157,998

  • 1d · Related organizations

    $962,357

  • 1e · Government grants (contributions)

    $8,000,000

  • 1f · All other contributions, gifts and grants

    $1,583,203

  • 1g · Noncash contributions included above

    $136,067

  • 3 · Investment income

    total $432,524 · excluded $432,524

  • 7a · Gross sales of assets other than inventory

    securities $1,857,122

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

    securities $1,494,485

  • 7c · Gain or loss

    securities $362,637

  • 7d · Net gain or loss

    total $362,637 · excluded $362,637

  • 8a · Fundraising events: gross income

    $50,081

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

    $157,998

  • 8b · Fundraising events: direct expenses

    $74,227

  • 8c · Net income from fundraising events

    total -$24,146 · excluded -$24,146

  • 9a · Gaming: gross income

    $6,765

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $6,765 · excluded $6,765

  • 11a · Other revenue: MISCELLANEOUS

    total $11,575 · excluded $11,575

  • 11e · Other revenue, total

    $11,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,041,387 · program services $1,041,387

  • 2 · Grants to domestic individuals

    total $82,690 · program services $82,690

  • 5 · Compensation of officers, directors and key employees

    total $277,204 · management and general $69,301 · fundraising $207,903

  • 7 · Other salaries and wages

    total $289,783 · management and general $113,393 · fundraising $176,390

  • 8 · Pension plan contributions

    total $10,496 · management and general $4,107 · fundraising $6,389

  • 9 · Other employee benefits

    total $26,261 · management and general $10,276 · fundraising $15,985

  • 10 · Payroll taxes

    total $15,014 · management and general $5,875 · fundraising $9,139

  • 11f · Fees: investment management

    total $40,641 · management and general $40,641

  • 11g · Fees: other

    total $43,794 · fundraising $43,794

  • 12 · Advertising and promotion

    total $1,193 · fundraising $1,193

  • 13 · Office expenses

    total $28,858 · fundraising $28,858

  • 16 · Occupancy

    total $614 · fundraising $614

  • 17 · Travel

    total $6,978 · fundraising $6,978

  • 19 · Conferences, conventions and meetings

    total $715 · fundraising $715

  • 23 · Insurance

    total $1,500 · fundraising $1,500

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $54,775 · fundraising $54,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $939,985 · end of year $1,393,905

  • 2 · Savings and temporary cash investments

    beginning of year $687,479 · end of year $807,200

  • 3 · Pledges and grants receivable

    beginning of year $486,885 · end of year $8,294,545

  • 7 · Other notes and loans receivable

    beginning of year $139,467 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,861,508 · end of year $14,790,918

  • 13 · Investments: program-related

    end of year $311,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,749 · end of year $204,254

  • 25 · Other liabilities

    beginning of year $107,275 · end of year $300,329

  • 27 · Net assets without donor restrictions

    beginning of year $2,240,664 · end of year $2,539,025

  • 28 · Net assets with donor restrictions

    beginning of year $12,580,636 · end of year $22,554,434

Mission and programs · 2024

Mission

TRINITY HEALTH FOUNDATION SECURES CHARITABLE GIFTS AND VOLUNTEER RESOURCES TO SUPPORT TRINITY'S MISSION "TO PROVIDE QUALITY PATIENT CARE AND IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE."

Activities or mission (Part I)

SECURES CHARITABLE GIFTS AND VOLUNTEER RESOURCES TO SUPPORT TRINITY'S MISSION.

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

    Expenses $1,124,077 · Grants $1,124,077

As filed on the 2024 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

  • COLE DEBLAEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DELIA DREFURST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYNSEY ENGELS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHAD EVERITT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD FRANKEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELINDA HASS MD

    BOARD MEMBER

    Total calculated
    $645,981
    From this org
    $0
    From related orgs
    $626,319
    Other
    $19,662
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,015 related
    Bonus
    $0
    Other
    $0 + $2,304 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $2,412 related
    Filer's total
    $0 + $645,981 related

  • DAVE HERRELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW LEHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH LENTZ-KAPUA MD

    BOARD MEMBER

    Total calculated
    $482,283
    From this org
    $0
    From related orgs
    $426,863
    Other
    $55,420
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,534 related
    Bonus
    $0
    Other
    $0 + $2,329 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $38,170 related
    Filer's total
    $0 + $482,283 related

  • LISA MCCRAW

    BOARD MEMBER - TRHS CHAIR DESIGNEE

    Total calculated
    $0
    Hours/week
    1

  • LINDA MCGEHEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEAN MORAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN MORROW

    BOARD MEMBER/PRESIDENT/CEO

    Total calculated
    $564,929
    From this org
    $0
    From related orgs
    $473,990
    Other
    $90,939
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $451,681 related
    Bonus
    $0
    Other
    $0 + $22,309 related
    Deferred
    $0 + $62,899 related
    Nontaxable benefits
    $0 + $28,040 related
    Filer's total
    $0 + $564,929 related

  • BEN PALMER

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RACHEL PERKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SANJANA PURI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER ROUSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYNNE SCHELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CRAIG TILLMAN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SYDNEY VERDI-SAMUELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL WENNEKAMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID DELLITT FR 324

    MARKET CFO

    Total calculated
    $353,888
    From this org
    $0
    From related orgs
    $329,520
    Other
    $24,368
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,356 related
    Bonus
    $0 + $24,433 related
    Other
    $0 + $21,731 related
    Deferred
    $0 + $13,948 related
    Nontaxable benefits
    $0 + $10,420 related
    Filer's total
    $0 + $353,888 related

  • MARY MACUMBER-SCHMIDT

    BOARD MEMBER/PRESIDENT THF-QC

    Total calculated
    $285,278
    From this org
    $0
    From related orgs
    $272,007
    Other
    $13,271
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,337 related
    Bonus
    $0 + $67,014 related
    Other
    $0 + $4,656 related
    Deferred
    $0 + $11,218 related
    Nontaxable benefits
    $0 + $2,053 related
    Filer's total
    $0 + $285,278 related

  • KATHERINE PEARSON

    SR VP/CHIEF STRATEGY OFFICER

    Total calculated
    $549,372
    From this org
    $0
    From related orgs
    $462,877
    Other
    $86,495
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,924 related
    Bonus
    $0 + $114,751 related
    Other
    $0 + $6,202 related
    Deferred
    $0 + $65,598 related
    Nontaxable benefits
    $0 + $20,897 related
    Filer's total
    $0 + $549,372 related

  • KATHERINE MARCHIK TO 124

    SR VP FINANCE/CFO

    Total calculated
    $916,964
    From this org
    $0
    From related orgs
    $895,574
    Other
    $21,390
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $48,191 related
    Bonus
    $0 + $127,478 related
    Other
    $0 + $719,905 related
    Deferred
    $0 + $5,023 related
    Nontaxable benefits
    $0 + $16,367 related
    Filer's total
    $0 + $916,964 related

  • ROBERT ERICKSON TO 823

    FORMER PRESIDENT/CEO

    Total calculated
    $549,625
    From this org
    $0
    From related orgs
    $538,601
    Other
    $11,024
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $538,601 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,024 related
    Filer's total
    $0 + $549,625 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: ROBERT ERICKSON $ 538,432 & KATHERINE MARCHIK $ 327,801 NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: SHAWN MORROW $ 45,649 & KATHERINE PEARSON $ 48,348. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: KATHERINE MARCHIK $ 391,612. 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
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503179349312175

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