TRINITY HEALTH FOUNDATION OF EAST … - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

JORDAN MOLLENHOUR

Phone

8656325678

Tax Period

2024-01-01 to 2024-12-31

TRINITY HEALTH FOUNDATION OF EAST TENNESSEE, founded in 2011, is a small nonprofit in the Health Care sector that reported $856K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 140% operating deficit.

Mission

TRINITY HEALTH FOUNDATION OF EAST TENNESSEE EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $60,000

SUPPORT TO PROVIDE SCHOLARSHIP ASSISTANCE TO NURSING AND MED TECH STUDENTS TO ATTEND LINCOLN MEMORIAL UNIVERSITY OR CARSON NEWMAN UNIVERSITY.

Program 2

Expenses: $55,000

PROVIDED ASSISTANCE TO 11 AREA MEDICAL CENTERS TO PROVIDE SCHOLARSHIPS FOR CONTINUING EDUCATION FOR HEALTHCARE PROFESSIONALS.

Program 3

Expenses: $1,736,452

HEALTHY INITIATIVES PROGRAM PROVIDED PLANNING GRANTS AND IMPLEMENTATION GRANTS TO PROMOTE ACCESS TO PREVENTATIVE CARE, HEALTHY LIFE CHOICES, MENTAL HEALTH AND ADDICTION RECOVERY, AND FAMILY...

HEALTHY INITIATIVES PROGRAM PROVIDED PLANNING GRANTS AND IMPLEMENTATION GRANTS TO PROMOTE ACCESS TO PREVENTATIVE CARE, HEALTHY LIFE CHOICES, MENTAL HEALTH AND ADDICTION RECOVERY, AND FAMILY STRENGTHENING.

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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 $23,342

Program Service Revenue $0

Investment Income $751,577

Other Revenue $80,949

TOTAL REVENUE $855,868

Expense Breakdown

Grants Paid $1,630,764

Salaries & Benefits $139,872

Fundraising Expenses $0

Program Expenses $1,851,452

Other Expenses $280,548

TOTAL EXPENSES $2,051,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$855,868	$1,157,422	-0.3%
Expenses	$2,051,184	$1,707,560	+0.2%
Net Income	$-1,195,316	$-550,138	+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

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

$164,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLA BLACKMON-MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
JERRY BODIE	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON BOSSE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
TASHEEMA FAIR	DIRECTOR	1.00	Director	$0	$0	$0
NEIL GOODSON	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE HUTCHINS	DIRECTOR	1.00	Director	$0	$0	$0
KATHARINE KILLEN	DIRECTOR	1.00	Director	$0	$12,563	$164,954
JENNIFER LITTLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DENA MASHBURN	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN MOLLENHOUR	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHUCK MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR OGLE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON ROSS	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SCHRIVER	DIRECTOR	1.00	Director	$0	$0	$0
JAY SLAGLE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE SPROUSE	DIRECTOR	1.00	Director	$0	$0	$0
GRANT STANDEFER	DIRECTOR	1.00	Director	$0	$0	$0
BENET THEISS	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURENS TULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
KIM WOOD	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WORTHAM	DIRECTOR	1.00	Director	$0	$0	$0
LEE MARTIN	PRESIDENT	2.00	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	$855,868	$2,051,184	$32,634,648	$-1,195,316
2023	$1,157,422	$1,707,560	$31,171,418	$-550,138
2022	$981,297	$1,781,701	$28,416,203	$-800,404
2021	$3,179,389	$1,663,544	$35,004,210	$1,515,845
2020	$1,649,264	$1,575,319	$31,755,105	$73,945
2019	$1,285,261	$1,635,340	$30,266,085	$-350,079
2018	$1,424,793	$1,614,179	$26,487,729	$-189,386

TRINITY HEALTH FOUNDATION OF EAST TENNESSEE