SUNSHINE TERRACE FOUNDATION INC

EIN: 870208619 501(c)(3)

LOGAN, UT

Total Revenue
$14,325,083
Total Expenses
$14,454,976
Total Assets
$10,525,579
Net Assets
$7,618,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
UT
Principal Officer
BRYAN ERICKSON
Phone
4357540218
Tax Period
2024-01-01 to 2024-12-31

SUNSHINE TERRACE FOUNDATION INC, founded in 1947, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

ORGANIZATION: SUNSHINE TERRACE FOUNDATION IS IN OUR 77th YEAR OF SERVICE TO OUR COMMUNITY. AS A 501(C)(3) CHARITABLE NON-PROFIT HEALTH CARE PROVIDER AS A NON-PROFIT FOUNDATION. WE WERE FORMED TO CARRY OUT A PUBLIC PURPOSE. WE ARE HONORED TO HAVE 5 APPOINTED TRUSTEE EMERITI. WE ARE GOVERNED BY A BOARD OF DIRECTORS WITH VARIED BACKGROUNDS. OUR BOARD MEMBERS INCLUDE SUCCESSFUL EDUCATORS, BUSINESS MEN AND WOMEN WHO VOLUNTEER FROM OUR COMMUNITY. THEY PROVIDE US WITH VALUABLE BUSINESS INSGHT AND STRATEGIC DIRECTION FOR OUR FUTURE. THROUGH THE COLLABORATING EFFORTS OF A VERY SUPPORTIVE COMMUNITY NETWORK, OUR CAMPUS OF CARE HAS REACHED LITERALLY THOUSANDS OF INDIVIDUALS BOTH INSIDE OUT OUTSIDE OF OUR STATE WHO HAVE NEEDED HEALTH CARE ASSISTANCE. OUR VISION IS TO BRING MORE TO LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $552,805
Program Service Revenue $10,655,580
Investment Income $29,235
Other Revenue $3,087,463
TOTAL REVENUE $14,325,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,558,219
Fundraising Expenses $26,979
Program Expenses $12,576,854
Other Expenses $6,896,757
TOTAL EXPENSES $14,454,976

Year-over-Year Comparison

2024 2023 Change
Revenue $14,325,083 $9,208,707 +0.6%
Expenses $14,454,976 $10,959,431 +0.3%
Net Income $-129,893 $-1,750,724 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
390
Volunteers
63

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
5
$295,974
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN ERICKSON CEO 40.00
Officer
$175,000 $7,000 $182,000
BRAD RASMUSSEN Controller 40.00
Officer
$93,358 $20,616 $113,974
MARY DASILVA BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD HATCH Vice President 1.00
Officer Director
$0 $0 $0
SHARI BADGER BOARD MEMBER 1.00
Director
$0 $0 $0
REED BULLEN JR BOARD MEMBER 1.00
Director
$0 $0 $0
VAL SORENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN DUKE BOARD MEMBER 1.00
Director
$0 $0 $0
CORY YEATES BOARD MEMBER 1.00
Director
$0 $0 $0
JAY BLACK BOARD MEMBER 1.00
Director
$0 $0 $0
JARED RIPPLINGER Treasurer 1.00
Officer Director
$0 $0 $0
BRUCE N LEISHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
LYLE HILLYARD BOARD MEMBER 1.00
Director
$0 $0 $0
GRETCHEN PEACOCK BOARD MEMBER 1.00
Director
$0 $0 $0
RON SALVESEN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE B SORENSON President 1.00
Officer Director
$0 $0 $0
RALPH BAIR BOARD MEMBER 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 $14,325,083 $14,454,976 $10,525,579 $-129,893
2023 $9,208,707 $10,959,431 $9,539,160 $-1,750,724
2022 $9,077,922 $11,243,935 $11,024,804 $-2,166,013
2021 $11,370,132 $11,663,513 $13,450,864 $-293,381
2020 $14,255,669 $12,632,728 $14,028,100 $1,622,941
2019 $11,252,630 $11,671,552 $12,855,365 $-418,922
2018 $11,728,679 $11,502,369 $13,551,987 $226,310
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