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Nonprofiteer
← THOMAS HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by THOMAS HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,499,537
Total expenses
$1,595,465
Contributions and grants received
$2,050,660
Grants paid
$1,168,326
Program service revenue
$0
Investment income
$547,434
Other revenue
-$98,557
Total assets, end of year
$16,056,630
Total liabilities, end of year
$2,809
Net assets or fund balances, end of year
$16,053,821
Program services expenses (Part IX)
$1,274,272
Management and general expenses
$308,066
Fundraising expenses
$13,127
Program service expenses (Part III)
$1,274,272

Program services were 79.9% 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.

  • 1c · Fundraising events

    $332,048

  • 1f · All other contributions, gifts and grants

    $1,718,612

  • 1g · Noncash contributions included above

    $100,156

  • 3 · Investment income

    total $415,408 · excluded $415,408

  • 7a · Gross sales of assets other than inventory

    securities $613,706

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

    securities $481,680

  • 7c · Gain or loss

    securities $132,026

  • 7d · Net gain or loss

    total $132,026 · excluded $132,026

  • 8a · Fundraising events: gross income

    $224,260

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

    $332,048

  • 8b · Fundraising events: direct expenses

    $322,817

  • 8c · Net income from fundraising events

    total -$98,557

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,137,070 · program services $1,137,070

  • 2 · Grants to domestic individuals

    total $31,256 · program services $31,256

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 11g · Fees: other

    total $900 · management and general $900

  • 12 · Advertising and promotion

    total $5,200 · management and general $5,200

  • 14 · Information technology

    total $18,559 · management and general $18,559

  • 17 · Travel

    total $2,625 · management and general $2,625

  • 23 · Insurance

    total $2,902 · management and general $2,902

  • 24a · Other expenses: DONATED SERVICES

    total $328,135 · program services $82,034 · management and general $246,101

  • 24b · Other expenses: COMMUNITY SERVICES

    total $23,912 · program services $23,912

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $13,127 · fundraising $13,127

  • 24d · Other expenses: FOUNDATION SUPPLIES

    total $5,207 · management and general $5,207

  • 24e · All other expenses

    total $6,572 · management and general $6,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,758 · end of year $66,487

  • 2 · Savings and temporary cash investments

    beginning of year $3,176,111 · end of year $4,254,436

  • 11 · Investments: publicly traded securities

    beginning of year $10,737,410 · end of year $11,197,339

  • 15 · Other assets

    beginning of year $538,368 · end of year $538,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,866 · end of year $2,809

  • 27 · Net assets without donor restrictions

    beginning of year $10,785,643 · end of year $12,761,989

  • 28 · Net assets with donor restrictions

    beginning of year $3,692,138 · end of year $3,291,832

Mission and programs · 2024

Mission

THE ORGANIZATION WAS FOUNDED TO FOSTER AND SUPPORT THE ACTIVITIES OF THOMAS HOSPITAL, TO ENCOURAGE PUBLIC SUPPORT OF THE HOSPITAL AND TO ADVANCE ITS CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

  • THE THOMAS HOSPITAL FOUNDATION (THE FOUNDATION) PROVIDED NEARLY 1,100,000 TO THOMAS HOSPITAL DURING THE YEAR ENDED MARCH 31, 2025, TO PURCHASE SPECIFIC HOSPITAL EQUIPMENT AND SUPPORT HOSPITAL ACTIVITIES. THE FOUNDATION PROVIDED 942,000 TO REPLACE AND UPGRADE CATH LAB 1. THE CATH LAB WAS END OF LIFE AND AN UPGRADE WAS NECESSARY TO MAXIMIZE FUTURE PHYSICIAN/STAFF PRODUCTIVITY IN THE LAB. THE UPGRADE REQUIRED CONSTRUCTION TO ENSURE THE NEW CATH LAB EQUIPMENT AND ROOM WOULD BE ADAPTABLE AS A MULTIPURPOSE LAB FOR EV, VASCULAR, STRUCTURAL HEART, AND CARDIAC CATHETERIZATIONS. WITHOUT THE UPGRADE, THE ABILITY TO RECRUIT CARDIOVASCULAR SPECIALTY TRAINED PHYSICIANS WOULD BE AT RISK. THE FOUNDATION PROVIDED OVER 77,000 FOR NEW ELECTRONIC COMMUNICATION BOARDS. NEW SMART TVS WERE INSTALLED IN INPATIENT ROOMS IN ORDER TO CLEARLY DISPLAY EACH PATIENT'S GOALS OF CARE, SAFETY PRECAUTIONS, AND ACTIVITIES. THE FOUNDATION PROVIDED NEARLY 36,000 FOR THE PURCHASE OF THE BD SITERITE 9 ULTRASOUND MACHINE FOR THE VASCULAR ACCESS TEAM. THE CURRENT MODEL IS NOW OUTDATED AS IT WAS PURCHASED IN 2016. THE VAT USES THE ULTRASOUND TECHNOLOGY TO PLACE CENTRAL VENOUS LINES, MIDLINE IVS, AND OTHER DIFFICULT-STICK IVS ON THEIR PATIENTS. THE FOUNDATION PROVIDED NEARLY 21,000 TO UPDATE THE PHYSICIAN LOUNGE AND FIXTURES. THE FOUNDATION PROVIDED OVER 9300 FOR NEW WEARABLE BLANKETS FOR THE NURSERY DEPARTMENT. THE GRANT PROVIDED 1440 BALNKETS FOR THE DEPARTMENT. WEARABLE BALNKETS ARE CONSIDERED SAFER THAN LOOSE FITTING BLANKETS, ESPECIALLY FOR SLEEPING NEWBORNS.

    Expenses $1,274,272 · Grants $1,168,326

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • NATHAN PAYNE

    EXECUTIVE DI

    Total calculated
    $154,240
    From this org
    $0
    From related orgs
    $130,489
    Other
    $23,751
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    not reported + $109,358 related
    Bonus
    not reported + $16,733 related
    Other
    not reported + $4,398 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $23,751 related
    Filer's total
    not reported + $154,240 related

  • MAX BRUCKMANN

    CHAIRMAN/FIN

    Total calculated
    $0
    Hours/week
    0.5

  • TRACEY CANNIZZO

    COMMITTEE CH

    Total calculated
    $0
    Hours/week
    0.5

  • ROBIN COLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • GARY COWLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • CODI DEARING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35

  • LAD DRAGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • SAVANNAH HANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • BETH HOLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • TREY JINRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • TOMMY B FAUST JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • JON LEIB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • LAURIE VAN LINGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • MARY HELENE MCLEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • TAYLOR NORTON

    COMMITTEE CH

    Total calculated
    $0
    Hours/week
    0.35

  • JIM OWEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • ISADORE PIKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • THOMAS PILCHER

    DIRECTOR/ADV

    Total calculated
    $0
    Hours/week
    0.25

  • DANIEL POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • LAUREN REAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • KIRSTEN SOKOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • LIZ THOMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • REBEKAH WEBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

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

The filer's explanations (Part III)

SCHEDULE J, PART III
SCHEDULE J, PART I, LINE 3 FOR TOP MANAGMENT OFFICIAL'S COMPENSATION INFIRMARY HEALTH SYSTEM, INC. (IHS, A RELATED CORPORATION) ESTABLISHES THE PRESIDENT/CEO'S COMPENSATION. THE IHS EMPLOYEES DESIGNATED AS OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE PARTICIPANTS IN THE ORGANIZATION'S PERFORMANCE MANAGEMENT PROGRAM. EACH EMPLOYEE HAS AN INDIVIDUAL PERFORMANCE PLAN AND IS REVIEWED ANNUALLY FOR MERIT INCREASES. THE ANNUAL REVIEW COVERS THE EMPLOYEE'S PERFORMANCE FOR THE FISCAL YEAR OF APRIL 1 THROUGH MARCH 31 OF THE FOLLOWING YEAR. THE AMOUNT OF INDIVIDUAL MERIT/SALARY INCREASES ARE DETERMINED BASED ON THE COMPA-RATIO (HOURLY RATED RELATIVE TO THE SALARY RANGE MIDPOINT), THE NUMBER OF MONTHS SINCE THEIR LAST INCREASE AND PERFORMANCE SCORE (RATING) AND THE ORGANIZATION'S ANNUAL MERIT GUIDELINES. EACH POSITION IS ASSIGNED A SALARY RANGE BASED ON THE HAY METHODOLOGY OF ACCOUNTABILITY, KNOW HOW AND PROBLEM SOLVING ABILITY. SALARY RANGE MIDPOINTS (THE MIDPOINT REPRESENTS 100% OF THE MARKET) INCREASE EACH YEAR BASED ON EXTERNAL MARKET DATA. IHS PARTICIPATES IN NUMEROUS SALARY SURVEYS. DEPENDING ON THE POSITION, THE SURVEY DATA MAY BE INDUSTRY SPECIFIC, (E.G. HEALTHCARE) OR FROM OTHER INDUSTRIES. CURRENTLY, EXECUTIVE POSITION MARKET DATA COMES FROM WATSON WYATT, INTEGRATED HEALTHCARE STRATEGIES, SULLIVAN COTTER AND HAY CONSULTING. THE ANNUAL MERIT GUIDELINES ARE DETERMINED BY THE ORGANIZATION'S ABILITY TO PAY (BUDGET). THE ANNUAL MERIT GUIDELINES PROVIDE A MERIT INCREASE PERCENTAGE RANGE BASED ON THE INDIVIDUAL EMPLOYEE'S PERFORMANCE RATING AND COMPA-RATIO. FOR EXECUTIVES, THE CEO AND VP, HUMAN RESOURCES REVIEW THE SUGGESTED MERIT INCREASE AND MAKE RECOMMENDATIONS TO THE INFIRMARY HEALTH SYSTEM COMPENSATION COMMITTEE. THE FINAL RECOMMENDATIONS PRESENTED BY THE COMPENSATION COMMITTEE ARE APPROVED BY THE IHS BOARD OF DIRECTORS. IHS HAS AN EXTERNAL REVIEW OF COMPENSATION PRACTICES EVERY TWO YEARS AND WAS MOST RECENTLY REVIEWED BY SULLIVAN COTTER IN 2025. SCHEDULE J, PART 2, LINE 1 - OFFICER COMPENSATION NATHAN PAYNE IS AN EMPLOYEE OF INFIRMARY HEALTH SYSTEM, INC., A NON-RELATED ORGANIZATION. HIS TITLE IS DIRECTOR OF THOMAS HOSPITAL FOUNDATION. COMPENSATION FOR SERVICES RENDERED AS DIRECTOR OF THOMAS HOSPITAL FOUNDATION IS 154,420.

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
10 February 2026
IRS schema version
2024v5.0
Source object
202640429349301319

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