Foundation Resloution Corp
100% goes to programs Thin reserves Declining revenue
Foundation Resloution Corp is a 501(c)(3) organization based in Inverness, Florida, registered in 1988, with $268 in FY2022 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
Po Box 250, Inverness, FL, 34451 EIN 59-2890430 Since 1988
Revenue (FY2022)
$268
Health median: $840K
Expenses (FY2022)
$100K
Net assets
-$19.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Foundation Resloution Corp: 100% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -37386% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foundation Resloution Corp: 0 mo reserves · -37386% margin earns a F on this criterion. See the exact thresholds →
DGovernance25% of the rating1 of 5 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Foundation Resloution Corp: 1 of 5 checks met earns a D on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foundation Resloution Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To make provision for the payment of all liabilities of the corporation and dispose of all other assets as provided in the global allocation and contribution agreement between the corporation and cirtur coulnty hospital board according to florida statute 617 1405
What they do
Citrus memorial maintains offsite external services for the community including family practice, internal medicine and rehab services. these clinics are located conveniently throughout the county. in addition, the offices participate in local health fairs, provide free physicals for various local student organizations and host educational seminars on a variety of healthcare related topics.
The citrus memorial home health agency was establised to provide care to those that are homebound or need continuing post-hospital care. services include skilled nursing, rehabiliation therapy, social and nutritional. this agency provides an alternative to hospitalization or nursing home placement. the home health agency is certified by the joint commission on accreditation of healthcare organizations.
Contact & location
- Address
- Po Box 250, Inverness, FL, 34451
- City
- Inverness
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $153.4M (FY2013) to $268 (FY2022) across 9 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $20.2MNet assets -$19.8M
Operating margin
-37385.8%
Spent more than it raised in the latest fiscal year.
Total assets
$336K
Total liabilities
$20.2M
Net assets
-$19.8M
Salaries & benefits
$0
0% of expenses
Board members
0
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $268 | $100,462▲273% | -$19,816,886▼0.5% | $336,462▼22.9% | 990 |
| 2021 | $0▼100% | $26,928▼68.5% | -$19,710,990▼519% | $436,658▼7.0% | 990 |
| 2020 | $16,557,544▲1095% | $85,509▼93.9% | -$3,183,680▲83.8% | $469,287▼43.6% | 990 |
| 2019 | $1,385,975▲73.4% | $1,401,147▲587% | -$19,655,715▼0.1% | $832,507▲62.3% | 990 |
| 2018 | $799,373▲9.3% | $203,924▼21.0% | -$19,640,543▼10.4% | $512,805▲2.2% | 990 |
| 2017 | $731,161▼49.0% | $258,039▼91.6% | -$17,790,290▲2.6% | $501,936▼27.5% | 990 |
| 2016 | $1,433,417▼54.5% | $3,058,455▼42.1% | -$18,263,412▼9.8% | $692,070▼44.3% | 990 |
| 2015 | $3,150,751▼97.9% | $5,280,926▼97.0% | -$16,638,374▼326% | $1,241,782▼98.8% | 990 |
| 2013 | $153,447,205 | $173,304,974▼6.1% | $7,349,157▼79.3% | $106,564,217▼9.6% | 990 |
| 2012 | — | $184,646,281▲1.9% | $35,480,857▲65.0% | $117,900,176▼13.9% | 990 |
| 2011 | — | $181,214,337▲0.1% | $21,505,275▼35.7% | $136,989,081▼3.1% | 990 |
| 2010 | — | $181,118,798▲0.7% | $33,430,590▼32.0% | $141,299,059▼1.4% | 990 |
| 2009 | — | $179,808,544 | $49,142,614 | $143,277,438 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2022)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Grant | Member | 0 | — |
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Frequently asked questions
- Is Foundation Resloution Corp a legitimate nonprofit?
- Yes. Foundation Resloution Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2890430, based in Inverness, Florida. Donations are tax-deductible.
- What is Foundation Resloution Corp's EIN?
- Foundation Resloution Corp's Employer Identification Number (EIN) is 59-2890430.
- How much revenue does Foundation Resloution Corp report?
- Foundation Resloution Corp reported $268 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Foundation Resloution Corp's spending goes to programs?
- Foundation Resloution Corp spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Foundation Resloution Corp have?
- CharityIndex grades Foundation Resloution Corp C, based on program efficiency and fundraising cost.
- How much does Foundation Resloution Corp's highest-paid employee make?
- The highest reported compensation on Foundation Resloution Corp's latest Form 990 is $0, paid to William Grant (Member).
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Data for Foundation Resloution Corp (EIN 59-2890430) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.