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← TRINITY COLLEGE OF NURSING & HEALTH SCIENCES

Form 990 for tax year 2023

Filed by TRINITY COLLEGE OF NURSING & HEALTH SCIENCES.

Totals

Total revenue
$2,987,260
Total expenses
$3,691,733
Contributions and grants received
$248,127
Grants paid
$160,963
Program service revenue
$2,516,184
Investment income
$211,185
Other revenue
$11,764
Total assets, end of year
$13,643,925
Total liabilities, end of year
$1,231,977
Net assets or fund balances, end of year
$12,411,948
Program services expenses (Part IX)
$2,653,698
Management and general expenses
$1,038,035
Fundraising expenses
$0
Program service expenses (Part III)
$2,653,698

Program services were 71.9% 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.

  • 1d · Related organizations

    $206,750

  • 1e · Government grants (contributions)

    $41,377

  • 2a · Program service revenue: EDUCATION & RESEARCH

    total $2,488,814 · related or exempt $2,488,814

  • 2b · Program service revenue: MGMT & SUPPORT SVCS

    total $27,370 · related or exempt $27,370

  • 3 · Investment income

    total $236,424 · excluded $236,424

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

    securities $25,239

  • 7c · Gain or loss

    securities -$25,239

  • 7d · Net gain or loss

    total -$25,239 · excluded -$25,239

  • 11a · Other revenue: MISCELLANEOUS

    total $11,764 · related or exempt $11,764

  • 11e · Other revenue, total

    $11,764

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,768 · program services $29,768

  • 2 · Grants to domestic individuals

    total $131,195 · program services $131,195

  • 5 · Compensation of officers, directors and key employees

    total $268,712 · program services $268,712

  • 7 · Other salaries and wages

    total $1,742,640 · program services $1,488,675 · management and general $253,965

  • 8 · Pension plan contributions

    total $71,775 · program services $61,315 · management and general $10,460

  • 9 · Other employee benefits

    total $247,512 · program services $211,441 · management and general $36,071

  • 10 · Payroll taxes

    total $142,643 · program services $121,855 · management and general $20,788

  • 11b · Fees: legal

    total $4,000 · management and general $4,000

  • 11f · Fees: investment management

    total $18,473 · program services $254 · management and general $18,219

  • 11g · Fees: other

    total $193,745 · program services $5,486 · management and general $188,259

  • 12 · Advertising and promotion

    total $123,503 · program services $4,240 · management and general $119,263

  • 13 · Office expenses

    total $43,629 · program services $29,480 · management and general $14,149

  • 16 · Occupancy

    total $195,652 · program services $176 · management and general $195,476

  • 17 · Travel

    total $1,843 · program services $1,673 · management and general $170

  • 19 · Conferences, conventions and meetings

    total $3,299 · management and general $3,299

  • 22 · Depreciation, depletion and amortization

    total $120,060 · program services $22,932 · management and general $97,128

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $347,651 · program services $272,676 · management and general $74,975

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $5,633 · program services $3,820 · management and general $1,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,322,206 · end of year $4,072,069

  • 2 · Savings and temporary cash investments

    beginning of year $2,460,573 · end of year $2,512,591

  • 7 · Other notes and loans receivable

    beginning of year $2,894 · end of year $4,053

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,587 · end of year $22,973

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

    $1,881,922

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

    $985,484

  • 10c · Land, buildings and equipment, net

    beginning of year $923,802 · end of year $896,438

  • 11 · Investments: publicly traded securities

    beginning of year $1,706,577 · end of year $1,396,193

  • 13 · Investments: program-related

    beginning of year $4,110,975 · end of year $4,739,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,165,974 · end of year $1,140,429

  • 25 · Other liabilities

    beginning of year $60,097 · end of year $91,548

  • 27 · Net assets without donor restrictions

    beginning of year $8,191,801 · end of year $7,672,340

  • 28 · Net assets with donor restrictions

    beginning of year $4,140,742 · end of year $4,739,608

Mission and programs · 2023

Mission

TRINITY COLLEGE OF NURSING & HEALTH SCIENCES INCORPORATES INNOVATIVE TEACHING AND LEARNING STRATEGIES IN ORDER TO DEVELOP HEALTH CARE PROFESSIONALS WHO PROMOTE THE HEALTH OF INDIVIDUALS, FAMILIES, AND COMMUNITIES.

Activities or mission (Part I)

PREPARING HEALTH CARE PROFESSIONALS FOR AN EVER-CHANGING GLOBAL COMMUNITY.

  • EDUCATIONTRINITY COLLEGE OF NURSING & HEALTH SCIENCES IS AN ACCREDITED, PRIVATE, NON-PROFIT, MULTI-PURPOSE COLLEGE FOR NURSING, RADIOLOGY TECHNOLOGY AND OTHER HEALTH PROFESSIONS. THE COLLEGE'S LONG HISTORY OF INTEGRATION AND PASSION FOR COMMUNITY HEALTH CARE DEMONSTRATES ITS RESPONSIVENESS TO THE CHANGING HEALTH CARE NEEDS OF THE REGION. THE COLLEGE'S ORIGINS CAN BE TRACED BACK TO 1898 WHEN HEALTH CARE WAS MUCH DIFFERENT THAN IT IS TODAY. AS THE COLLEGE HAS GROWN OVER THE YEARS, IT HAS MAINTAINED INNOVATIVE TEACHING STRATEGIES USING CUTTING-EDGE TECHNOLOGIES TO PREPARE HEALTH CARE PROFESSIONALS FOR THE DYNAMIC HEALTH CARE ENVIRONMENT. TRINITY COLLEGE OF NURSING & HEALTH SCIENCES HAS SIX PROGRAMS: ASSOCIATE OF SCIENCE IN NURSING DEGREE, ASSOCIATE OF APPLIED SCIENCE IN RADIOGRAPHY DEGREE, BACHELOR OF SCIENCE IN HEALTH SCIENCES DEGREE, BACHELOR OF SCIENCE IN NURSING DEGREE, AND MASTER OF SCIENCE IN NURSING DEGREE.DURING 2023, TRINITY COLLEGE OF NURSING & HEALTH SCIENCES HAD A TOTAL OF 138 STUDENTS ENROLLED WITH THE BREAKDOWN AMONG PROGRAMS AS FOLLOWS: 29 ASSOCIATE OF APPLIED SCIENCE IN RADIOGRAPHY STUDENTS, 84 BACHELOR OF SCIENCE IN NURSING STUDENTS, 25 MASTER OF SCIENCE IN NURSING STUDENTS. THE COLLEGE COMPLIES WITH THOSE LAWS WHICH FORBID DISCRIMINATION ON THE BASIS OF RACE, RELIGION, COLOR, SEX, MARITAL STATUS, AGE, NATIONAL ORIGIN, VETERAN STATUS, DISABILITIES, SEXUAL ORIENTATION, OR GENDER IDENTITY IN ADMINISTRATION OF ITS ADMISSIONS POLICIES, EDUCATIONAL POLICIES, SCHOLARSHIPS, AND OTHER PROGRAMS AND OPERATIONS. WE STRIVE TO MAINTAIN COMPLIANCE WITH THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT OF 1974, AS WELL AS THE DRUG-FREE WORKPLACE ACT OF 1988.

    Expenses $2,522,503 · Grants $29,768 · Revenue $2,527,948

  • SCHOLARSHIPSTRINITY COLLEGE OF NURSING & HEALTH SCIENCES PROVIDES SCHOLARSHIPS TO ITS STUDENTS BASED ON ACADEMIC, SOCIAL AND COMMUNITY SERVICE CRITERIA THAT ARE ESTABLISHED IN PART BY DONORS WHO CONTRIBUTE FUNDS FOR THESE TYPES OF SCHOLARSHIPS. A SCHOLARSHIP COMMITTEE IS USED TO DETERMINE ELIGIBILITY AND RECOMMEND RECIPIENTS.

    Expenses $131,195 · Grants $131,195

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Erickson To 823

    BOARD MEMBER/PRESIDENT/CEO

    Total calculated
    $1,442,490
    From this org
    $0
    From related orgs
    $1,395,743
    Other
    $46,747
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,340 related
    Bonus
    $0 + $566,950 related
    Other
    $0 + $470,453 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $30,247 related
    Filer's total
    $0 + $1,442,490 related

  • Shawn Morrow Fr 1023

    BOARD MEMBER/MARKET PRES

    Total calculated
    $155,564
    From this org
    $0
    From related orgs
    $137,609
    Other
    $17,955
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $89,380 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $23,229 related
    Deferred
    $0 + $13,893 related
    Nontaxable benefits
    $0 + $4,062 related
    Filer's total
    $0 + $155,564 related

  • Tracy Poelvoorde

    BOARD MEMBER/CHANCELLOR

    Total calculated
    $268,712
    From this org
    $0
    From related orgs
    $234,995
    Other
    $33,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $195,299 related
    Bonus
    $0 + $33,383 related
    Other
    $0 + $6,313 related
    Deferred
    $0 + $11,694 related
    Nontaxable benefits
    $0 + $22,023 related
    Filer's total
    $0 + $268,712 related

  • Karla Steele

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heidi Storl

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl True MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Vande Moortel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Waymack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Wynn

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Marchik

    SR VP FINANCE/CFO

    Total calculated
    $530,285
    From this org
    $0
    From related orgs
    $429,153
    Other
    $101,132
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,172 related
    Bonus
    $0 + $61,867 related
    Other
    $0 + $4,114 related
    Deferred
    $0 + $68,587 related
    Nontaxable benefits
    $0 + $32,545 related
    Filer's total
    $0 + $530,285 related

  • Richard Seidler To 519

    FORMER BD MEMBER/PRESIDENT/CEO

    Total calculated
    $369,890
    From this org
    $0
    From related orgs
    $369,890
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $369,890 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $369,890 related

  • John Sheehan To 919

    FORMER BD MEMBER/INTERIM PRES/CEO

    Total calculated
    $494,222
    From this org
    $0
    From related orgs
    $489,785
    Other
    $4,437
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $489,785 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,437 related
    Filer's total
    $0 + $494,222 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 $ 165,672 & JOHN SHEEHAN $ 489,785 NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: KATHERINE MARCHIK $ 52,087 & SHAWN MORROW $ 8,308. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: ROBERT ERICKSON $ 292,105 & RICHARD SEIDLER $ 369,890. 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.

  • ADVANCED IMAGING CENTER LLC

    DIAGNOSTIC RADIOLOGY CENTER · IA · general or managing partner

  • ANKENY MEDICAL PARK SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • CENTRAL IOWA PHYSIO LLC

    PHYSICAL THERAPY SERVICES · IA · general or managing partner

  • DUBUQUE ENDOSCOPY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • EASTERN IOWA SLEEP SUPPLY LLC

    MEDICAL EQUIPMENT RETAIL SALES · IA · general or managing partner

  • HEALTH CARE AFFILIATES OF THE TRI-STATES LLC

    PROVIDE ACCESS TO LICENSED SOFTWARE · IA · general or managing partner

  • IOWA DIAGNOSTIC IMAGING AND PROCEDURE CENTER LC

    OUTPATIENT DIAGNOSTIC IMAGING · IA · general or managing partner

  • IOWA HEALTH SYSTEM CONTRACTING SERVICES LC

    GROUP PURCHASING · IA · general or managing partner

  • LAKEVIEW SURGERY CENTER LC

    SURGERY CENTER · IA · general or managing partner

  • MR ASSOCIATES LLP

    OWN AND OPERATE MR UNIT · IA · general or managing partner

  • ORTHOPAEDIC OUTPATIENT SURGERY CENTER LC

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • THE OUTPATIENT SURGERY CENTER OF CEDAR RAPIDS LLC

    AMBULATORY SURGERY CENTER. · IA · general or managing partner

  • UNITED MEDICAL PARK ASC LLC DBA THE SURGERY CENTER AT UNITED MEDICAL PARK

    AMBULATORY SURGERY CENTER · IA · general or managing partner

  • UPHT-SCA HOLDINGS LLC

    AMBULATORY SURGERY CENTER INVESTMENT · DE

  • WEST LAKES SLEEP CENTER LLC

    SLEEP DISORDER DIAGNOSTIC TESTING FACILITY · IA · general or managing partner

Related corporations and trusts

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

  • ABBE MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES · IA

  • BROADBAND INC

    C · INFORMATION TECHNOLOGY MGMT. · IA

  • DELHI POINT CONDO ASSOCIATION

    C · REAL ESTATE MANAGEMENT · IA

  • HCP CORPORATION

    C · REAL ESTATE RENTAL · WI

  • HANSEN CHARITABLE REMAINDER ANNUITY TRUST

    T · INVESTMENT · IA

  • HANSEN CHARITABLE REMAINDER UNITRUST

    T · INVESTMENT · IA

  • HEALTH ADVANTAGE PLUS INC

    C · PHYSICAL THERAPY · IA

  • HNC SERVICES

    C · FIBER OPTIC NETWORK SERVICES · IA

  • MEDIMORE INC

    C · MANAGED CARE · IA

  • MERITER HEALTH ENTERPRISES INC

    C · MANAGEMENT SERVICES · WI

  • MERITER MANAGEMENT SERVICES INC

    C · ADMINISTRATIVE SERVICES · WI

  • PRECEDENCE INC

    C · MANAGED MENTAL CARE · IA

  • PRECEDENCE PLUS INC

    C · MANAGED MENTAL CARE · IA

  • STL HEALTH RESOURCES CO

    C · PHYSICIAN OFFICE RENTAL · IA

  • TRINITY HEALTH ENTERPRISES INC

    C · RETAIL PHARMACY · IL

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202423199349310572

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