THE TROUSDALE FOUNDATION INC

EIN: 222986746 501(c)(3)

CLEVELAND, TN

Total Revenue
$65,080,009
Total Expenses
$87,377,693
Total Assets
$147,788,535
Net Assets
$-34,897,193
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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
MA
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

THE TROUSDALE FOUNDATION, INC. IS DEDICATED TO ACQUIRING, OWNING, MAINTAINING, OPERATING, AND MANAGING NURSING HOMES, HOSPITALS, HEALTH CARE FACILITIES, RETIREMENT HOUSING, AND OTHER HOUSING FACILITIES FOR PERSONS WHO NEED ASSISTANCE WITH CARE.

Program Service Accomplishments

Program 1
Expenses: $64,614,644 Revenue: $62,351,072

THE FILING ORGANIZATION PROVIDES PATIENT CARE TO PATIENTS WHO REQUIRE NURSING HOME CARE. THE SERVICES INCLUDED ARE NURSING CARE, MEDICATION, DIETARY, SOCIAL AND ACTIVITY, LAUNDRY, ETC.

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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%)

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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

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Governance

Voting Members
4
Independent Members
3
Employees
1700
Volunteers
3

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
3
$423,293
Total Directors
4
$423,293
Key Employees
0
$0
Highest Compensated
1
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
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