TrustBridge Inc (EIN 203974015) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

5618485200

Tax Period

2024-01-01 to 2024-09-30

TrustBridge Inc, founded in 2005, is a mid-sized nonprofit in the Human Services sector that reported $40.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $184.0M represent 55 months of operating reserves.

Mission

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING MANAGEMENT AND OTHER SUPPORT SERVICES TO THE HOSPICE OF PALM BEACH COUNTY AND OTHER RELATED TAX-EXEMPT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,600

Program Service Revenue $39,423,638

Investment Income $344,599

Other Revenue $466,288

TOTAL REVENUE $40,324,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,596,863

Fundraising Expenses $0

Program Expenses $30,151,678

Other Expenses $17,801,119

TOTAL EXPENSES $40,397,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,324,125	$49,681,074	-0.2%
Expenses	$40,397,982	$49,385,477	-0.2%
Net Income	$-73,857	$295,597	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY LEVITT	VICE CHAIR	1.0	Officer Director	$0	$0	$0
THOMAS G BURNS	SECRETARY	1.0	Officer Director	$0	$0	$0
WILLIAM QUINN II	CHAIRMAN	1.0	Officer Director	$0	$0	$0
HEATHER SIEGEL MILLER	DIRECTOR	1.0	Director	$0	$0	$0
KRISTIN AHR	DIRECTOR	1.0	Director	$0	$0	$0
MARIAN PEARLMAN NEASE	DIRECTOR	1.0	Director	$0	$0	$0
MAURICE WOODS	DIRECTOR	1.0	Director	$0	$0	$0
AMANDA TIPPIN	CORPORATE COMPLIANCE/PRIVACY OFFICER	20.0	Officer	$0	$0	$0
CHARLES E SNIDER	CHRO	10.0	Officer	$0	$0	$0
Christy Hendricks	CHIEF LEGAL OFFICER	1.0	Officer	$0	$0	$0
DAVID C FIELDING	FORMER CEO	19.0	Officer	$0	$0	$0
JONATHAN FLEECE	PRESIDENT/CEO	1.0	Officer	$0	$0	$0
KATHERINE L BRAZZALE MD	CHIEF MEDICAL OFFICER	10.0	Officer	$0	$0	$0
MARK R HUNTLEY	FORMER CFO	10.0	Officer	$0	$0	$0
Saida Bouhamid	CFO	1.0	Officer	$0	$0	$0
TARRAH L LOWRY	CHIEF OPERATING OFFICER	10.0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$40,324,125	$40,397,982	$221,532,335	$-73,857
2023	$49,681,074	$49,385,477	$213,278,639	$295,597
2022	$47,927,376	$49,739,877	$217,792,635	$-1,812,501
2021	$48,624,490	$49,550,220	$246,958,049	$-925,730
2020	$46,222,599	$45,057,324	$222,634,229	$1,165,275
2019	$44,618,766	$43,619,014	$205,142,681	$999,752
2018	$46,715,136	$47,177,691	$185,207,839	$-462,555

TrustBridge Inc