Trousdale Foundation Inc
501(c)(3) Donations tax-deductible
72% goes to programs $0 to raise $100 Thin reserves Growing revenue
Trousdale Foundation Inc is a 501(c)(3) organization based in Cleveland, Tennessee, registered in 1990, with $120,822,767 in FY2023 revenue. CharityIndex grades it B, and it directs about 72% of spending to programs.
485 Central Ave Ne, Cleveland, TN, 37311 EIN 22-2986746 Since 1990
Revenue (FY2023)
$120.8M
▲ 85.7% vs prior year
Expenses (FY2023)
$85.7M
Net assets
$214K
Employees
1,705
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating72% to programs · $0 to raise $100
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 Trousdale Foundation Inc: 72% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +29% 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 Trousdale Foundation Inc: 0 mo reserves · +29% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 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 Trousdale Foundation Inc: 5 of 6 checks met earns a A 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 Trousdale Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Acquire, own, and manage nursing homes, hospitals, retirement housing and health care facilities.
Contact & location
Financial trends
Revenue grew from $10.5M (FY2015) to $120.8M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.0MNet assets $214K
Operating margin
29.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.2M
Total liabilities
$3.0M
Net assets
$214K
Salaries & benefits
$39.1M
46% of expenses
Board members
5
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $120,822,767▲85.7% | $85,711,423▼1.9% | $214,151▲101% | $3,203,267▼97.8% | 990 |
| 2022 | $65,080,009▼24.6% | $87,377,693▲1.0% | -$34,897,193▼181% | $147,788,535▼6.6% | 990 |
| 2021 | $86,292,288▲13.3% | $86,517,333▲0.3% | -$12,403,172▲26.4% | $158,158,687▲0.4% | 990 |
| 2020 | $76,137,385▼22.2% | $86,277,504▼19.4% | -$16,860,577▼57.4% | $157,578,588▼13.2% | 990 |
| 2019 | $97,824,810▼0.4% | $107,071,604▲10.8% | -$10,710,950▼998% | $181,483,861▼23.3% | 990 |
| 2018 | $98,186,633▲109% | $96,644,015▲101% | -$975,473▲68.5% | $236,593,762▲562% | 990 |
| 2017 | $47,060,795▲38.0% | $48,178,757▲35.7% | -$3,092,610▼85.4% | $35,735,112▼15.0% | 990 |
| 2016 | $34,103,096▲225% | $35,490,849▲229% | -$1,667,826▼700% | $42,039,546▲156% | 990 |
| 2015 | $10,508,079 | $10,803,400 | -$208,552 | $16,414,142 | 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 (FY2023)
Highest-paid: Thomas D Johnson — $401,757 (0.47% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas D Johnson | Executive Director of Foundation/chairman | 37 | $401,757 |
| Adaeze Okafor | Registered Nurse | 40 | $169,488 |
| Vasco S Momodu | Cna | 40 | $144,478 |
| Joseph Garafola | Executive Director, Nashville Senior Care | 40 | $136,985 |
| Vivian Johnson | Lpn | 40 | $129,833 |
| Alex T Joseck | Rn (supervisor) | 40 | $122,368 |
| Christin J Rose | Former Chair | 1 | — |
| David Johnson | Director | 1 | — |
| Jeanne O Varnell | Director | 1 | — |
| Judy Johnson | Director | 1 | — |
| Kenneth C Hart Jr | Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Us Foods | Food Supplies | $2,164,193 |
| Gale Helathcare Solutions | Agency Nursing | $1,639,541 |
| Epic Healthcare Staffing | Agency Nursing | $1,633,083 |
| Mcdonald Hopkins LLC | Legal Service | $1,534,808 |
| Quality Care Rehab Inc | Third-party Therapy | $1,503,542 |
Grants made · $502K in FY2019
1 grant totaling $502K in FY2019. All grants made by Trousdale Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Trousdale School Inc | To support school for adults with learning disabilities | $502,000 |
Frequently asked questions
- Is Trousdale Foundation Inc a legitimate nonprofit?
- Yes. Trousdale Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2986746, based in Cleveland, Tennessee. Donations are tax-deductible.
- What is Trousdale Foundation Inc's EIN?
- Trousdale Foundation Inc's Employer Identification Number (EIN) is 22-2986746.
- How much revenue does Trousdale Foundation Inc report?
- Trousdale Foundation Inc reported $120,822,767 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Trousdale Foundation Inc's spending goes to programs?
- Trousdale Foundation Inc spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trousdale Foundation Inc have?
- CharityIndex grades Trousdale Foundation Inc B, based on program efficiency and fundraising cost.
- How much does Trousdale Foundation Inc's highest-paid employee make?
- The highest reported compensation on Trousdale Foundation Inc's latest Form 990 is $401,757, paid to Thomas D Johnson (Executive Director of Foundation/chairman).
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Data for Trousdale Foundation Inc (EIN 22-2986746) 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.