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Nonprofiteer
← TROUSDALE FOUNDATION INC

Form 990 for tax year 2022

Filed by TROUSDALE FOUNDATION INC.

Totals

Total revenue
$3,026,212
Total expenses
$3,642,790
Contributions and grants received
$9,576
Grants paid
$0
Program service revenue
$3,016,624
Investment income
$12
Other revenue
$0
Total assets, end of year
$2,460,943
Total liabilities, end of year
$4,088,408
Net assets or fund balances, end of year
-$1,627,465
Program services expenses (Part IX)
$3,002,985
Management and general expenses
$639,805
Fundraising expenses
$0
Program service expenses (Part III)
$3,002,985

Program services were 82.4% 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.

  • 1e · Government grants (contributions)

    $9,576

  • 2a · Program service revenue: NET RESIDENT SERVICE R

    total $3,016,624 · related or exempt $3,016,624

  • 3 · Investment income

    total $12 · excluded $12

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,476,182 · program services $1,202,450 · management and general $273,732

  • 9 · Other employee benefits

    total $57,984 · program services $42,262 · management and general $15,722

  • 10 · Payroll taxes

    total $114,856 · program services $95,773 · management and general $19,083

  • 11a · Fees: management

    total $86,797 · management and general $86,797

  • 11b · Fees: legal

    total $36,405 · management and general $36,405

  • 11g · Fees: other

    total $801,919 · program services $675,469 · management and general $126,450

  • 13 · Office expenses

    total $119,833 · program services $103,765 · management and general $16,068

  • 16 · Occupancy

    total $94,632 · program services $94,632

  • 17 · Travel

    total $21,672 · program services $21,672

  • 20 · Interest

    total $250,730 · program services $250,730

  • 22 · Depreciation, depletion and amortization

    total $86,024 · program services $86,024

  • 23 · Insurance

    total $235,198 · program services $188,130 · management and general $47,068

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $145,573 · program services $145,573

  • 24b · Other expenses: FOOD

    total $83,463 · program services $83,463

  • 24c · Other expenses: SUPPLIES AND EQUIPMENT

    total $21,069 · program services $2,589 · management and general $18,480

  • 24d · Other expenses: EMPLOYEE EXPENSES

    total $10,453 · program services $10,453

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,191 · end of year $18,800

  • 4 · Accounts receivable

    beginning of year $177,006 · end of year $115,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,151 · end of year $5,245

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

    $3,674,997

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

    $2,307,191

  • 10c · Land, buildings and equipment, net

    beginning of year $1,359,209 · end of year $1,367,806

  • 15 · Other assets

    beginning of year $1,389,344 · end of year $954,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,273,787 · end of year $1,612,801

  • 21 · Escrow or custodial account liability

    beginning of year $1,691 · end of year $1,691

  • 24 · Unsecured notes and loans payable

    beginning of year $2,665,310 · end of year $2,473,916

  • 27 · Net assets without donor restrictions

    beginning of year -$1,010,887 · end of year -$1,627,465

Mission and programs · 2022

Mission

THE FILING ORGANIZATION PROVIDES AFFORDABLE AND QUALITY NURSING SERVICES TO ITS RESIDENTS OF ITS 45-BED SKILLED NURSING FACILITY.

Activities or mission (Part I)

PROVIDES AFFORDABLE NURSING SERVICES TO RESIDENTS OF ITS NURSING FACILITIY.

  • 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.

    Expenses $3,002,985 · Revenue $3,016,624

As filed on the 2022 return.

Listed in Part VII

  • Thomas D Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $423,293
    From this org
    $0
    From related orgs
    $402,170
    Other
    $21,123
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,123 related
    Filer's total
    $0 + $423,293 related

  • Lisa Crouse

    DIRECTOR OF NURSING

    Total calculated
    $113,719
    From this org
    $113,719
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christin J Rose

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kenneth C Hart Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeanne O Varnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 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

None.

Answered no

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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349305746

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