THE TROUSDALE FOUNDATION INC (EIN 222986746) - 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

1989

Legal Domicile

Principal Officer

CHRISTIN J ROSE

Phone

4234785953

Tax Period

2022-07-01 to 2023-06-30

THE TROUSDALE FOUNDATION INC, founded in 1989, is a mid-sized nonprofit that reported $65.1M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $87.4M exceeded revenue, resulting in a 34% operating deficit.

Mission

ACQUIRE, OWN, AND MANAGE NURSING HOMES, HOSPITALS, RETIREMENT HOUSING AND HEALTH CARE FACILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,728,702

Program Service Revenue $62,340,675

Investment Income $235

Other Revenue $10,397

TOTAL REVENUE $65,080,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,936,667

Fundraising Expenses $0

Program Expenses $64,614,644

Other Expenses $46,441,026

TOTAL EXPENSES $87,377,693

Year-over-Year Comparison

	2022	2021	Change
Revenue	$65,080,009	$86,292,288	-0.2%
Expenses	$87,377,693	$86,517,333	+0.0%
Net Income	$-22,297,684	$-225,045	+98.1%

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

1700

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

$423,293

Total Directors

$423,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS D JOHNSON	EXECUTIVE DIRECTOR	37.00	Officer Director	$402,170	$21,123	$423,293
DANIEL KOLIADKO	VP AND GENERAL COUNSEL	40.00	Highest	$116,000	$0	$116,000
CHRISTIN J ROSE	CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH C HART JR	TREASURER	1.00	Officer Director	$0	$0	$0
JEANNE O VARNELL	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$65,080,009	$87,377,693	$147,788,535	$-22,297,684
2022	$86,292,288	$86,517,333	$158,158,687	$-225,045
2021	$76,137,385	$86,277,504	$157,578,588	$-10,140,119
2020	$97,824,810	$107,071,604	$181,483,861	$-9,246,794
2019	$98,186,633	$96,644,015	$236,593,762	$1,542,618
2018	$47,060,795	$48,178,757	$35,735,112	$-1,117,962

THE TROUSDALE FOUNDATION INC