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Nonprofiteer
← TROUSDALE FOUNDATION INC

Form 990 for tax year 2024

Filed by TROUSDALE FOUNDATION INC.

Totals

Total revenue
$9,072,302
Total expenses
$2,703,045
Contributions and grants received
$14,558
Grants paid
$1,488,516
Program service revenue
$264,906
Investment income
$0
Other revenue
$8,792,838
Total assets, end of year
$74
Total liabilities, end of year
$299,264
Net assets or fund balances, end of year
-$299,190
Program services expenses (Part IX)
$1,708,910
Management and general expenses
$994,135
Fundraising expenses
$0
Program service expenses (Part III)
$1,708,910

Program services were 63.2% 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

    $14,558

  • 2a · Program service revenue: MANAGEMENT FEE REVENUE

    total $264,906 · related or exempt $264,906

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Forgiveness of Debt Income

    total $8,716,501 · related or exempt $8,716,501

  • 11b · Other revenue: Other Income

    total $76,337 · excluded $76,337

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $8,792,838

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,488,516 · program services $1,488,516

  • 5 · Compensation of officers, directors and key employees

    total $60,654 · program services $60,654

  • 6 · Compensation of disqualified persons

    total $424,771 · management and general $424,771

  • 9 · Other employee benefits

    total $36,574 · management and general $36,574

  • 10 · Payroll taxes

    total $53,681 · management and general $53,681

  • 11b · Fees: legal

    total $11,724 · management and general $11,724

  • 11g · Fees: other

    total $272,985 · program services $0 · management and general $272,985 · fundraising $0

  • 13 · Office expenses

    total $35,156 · program services $777 · management and general $34,379

  • 16 · Occupancy

    total $134,557 · program services $134,557

  • 17 · Travel

    total $3,018 · program services $3,018

  • 20 · Interest

    total $3,562 · program services $3,562

  • 22 · Depreciation, depletion and amortization

    total $17,826 · program services $17,826

  • 23 · Insurance

    total $154,738 · management and general $154,738

  • 24a · Other expenses: MISCELLANEOUS

    total $1,674 · management and general $1,674

  • 24b · Other expenses: Supplies

    total $3,609 · management and general $3,609

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,492 · end of year $74

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $17,825 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,069 · end of year $299,264

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,590,695 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$6,668,447 · end of year -$299,190

Mission and programs · 2024

Mission

TO PROVIDE ADMINISTRATIVE AND MEDICAL SERVICE SUPPORT FOR VARIOUS NOT FOR PROFIT HOME HEALTHCARE, NURSING HOME, AND ASSISTED LIVING ENTITIES.

Activities or mission (Part I)

TO PROVIDE AID AND SUPPORT FOR VARIOUS NOT FOR PROFIT SENIOR HEALTHCARE FACILITIES.

  • THE FILING ORGANIZATION PROVIDES ADMINISTRATIVE AND MEDICAL SUPPORT SERVICES TO THE RESIDENTS OF VARIOUS NOT-FOR-PROFIT HOME HEALTHCARE, ASSISTED LIVING FACILITIES, AND SKILLED NURSING HOME CARE.

    Expenses $1,708,910 · Grants $1,488,516 · Revenue $8,981,407

As filed on the 2024 return.

Listed in Part VII

  • Kenneth C Hart Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Thomas D Johnson

    EXECUTIVE DIRECTOR/CHAIRMAN

    Total calculated
    $417,014
    From this org
    $0
    From related orgs
    $408,119
    Other
    $8,895
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,119 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,895 related
    Filer's total
    $0 + $417,014 related

  • David Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeanne O Varnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Judy Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gregory Clavijo-Hopper

    VP OF BUSINESS DEVELOPMENT

    Total calculated
    $148,154
    From this org
    $139,618
    From related orgs
    $0
    Other
    $8,536
    Hours/week
    40

  • Joel Hayes

    CONTROLLER

    Total calculated
    $148,000
    From this org
    $136,309
    From related orgs
    $0
    Other
    $11,691
    Hours/week
    40

  • Nikki Sillings

    CORPORATE DIRECTOR OF REVENUE CYCLE MANAGEMENT

    Total calculated
    $100,576
    From this org
    $100,576
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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
2024
Filed
16 May 2026
IRS schema version
2024v5.1
Source object
202601359349314890

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