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Nonprofit · EIN 22-2986746

TROUSDALE FOUNDATION INC

Tax-exempt · CLEVELAND, TN 37311

Financials

$65.1M$87.4M2022$120.8M$85.7M2023
Revenue Expenses · by fiscal year end
Financials of TROUSDALE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$120,822,767$85,711,423$35,111,344$3,203,267$2,989,116$214,151
June 30, 2023990$65,080,009$87,377,693-$22,297,684$147,788,535$182,685,728-$34,897,193
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$2,963,594
of which government grants
$2,185,343
Program service revenue
$71,407,835
Investment income
$46,451,338
Net gain from sales of assets
$46,449,754
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$417,015
Other salaries and wages
$35,543,945
Salaries, compensation and benefits (total)
$39,147,461
Professional fundraising fees
$0
Legal fees
$235,191
Occupancy
$4,403,650
Travel
$185,940
Depreciation
$5,684,425
Program services (functional)
$61,706,153
Management and general (functional)
$24,005,270

Balance sheet and other

Total assets, start of year
$147,788,535
Total assets, end of year
$3,203,267
Total liabilities, end of year
$2,989,116
Net assets, end of year
$214,151
Land, buildings and equipment
$518,488
Net assets without donor restrictions
$214,151
Gross receipts
$156,524,683
Employees
1,705
Volunteers
4
Year formed
1989
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
THOMAS D JOHNSONEXECUTIVE DIRECTOR OF FOUNDATION/CHAIRMAN
Trustee or director, Officer
37$401,757$15,258
ADAEZE OKAFORREGISTERED NURSE
Highest-paid employee
40$169,488$0
VASCO S MOMODUCNA
Highest-paid employee
40$144,478$348
ALEX T JOSECKRN (SUPERVISOR)
Highest-paid employee
40$122,368$16,597
JOSEPH GARAFOLAEXECUTIVE DIRECTOR, NASHVILLE SENIOR CARE
Highest-paid employee
40$136,985$0
VIVIAN JOHNSONLPN
Highest-paid employee
40$129,833$3,528
KENNETH C HART JRTREASURER
Trustee or director
1$0$0
JUDY JOHNSONDIRECTOR
Trustee or director
1$0$0
DAVID JOHNSONDIRECTOR
Trustee or director, Officer
1$0$0
JEANNE O VARNELLDIRECTOR
Trustee or director
1$0$0
CHRISTIN J ROSEFORMER CHAIR
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
THOMAS D JOHNSONEXECUTIVE DIRECTOR
Trustee or director, Officer
37$402,170$21,123
DANIEL KOLIADKOVP AND GENERAL COUNSEL
Highest-paid employee
40$116,000$0
CHRISTIN J ROSECHAIRMAN/PRESIDENT
Trustee or director, Officer
1$0$0
KENNETH C HART JRTREASURER
Trustee or director, Officer
1$0$0
JEANNE O VARNELLDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
485 CENTRAL AVE NE, CLEVELAND, TN 37311-5541
Mailing address (990-N for 2014)
485 CENTRAL AVENUE NE, CLEVELAND TN 37311
Principal officer (990 for 2023)
THOMAS D JOHNSON, 485 CENTRAL AVENUE NE, CLEVELAND, TN 37311
Principal officer (990-N for 2014)
THOMAS D JOHNSON, 485 CENTRAL AVENUE NE, CLEVELAND TN 37311
Signed the 990
RON SWARTZ, CHIEF FINANCIAL OFFICER
Phone
(423) 478-5953
Return prepared by
FORVIS MAZARS LLP

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.

990 for the year ended June 30, 2024

Program accomplishments

  • 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.
    Expenses $61,706,153 · revenue $71,407,835

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-2986746
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Group exemption
Exempt since
1990
Accounting year ends
June
Files
Form 990 or 990-EZ
Group exemption
9216 (2 member organizations)
Assets (IRS master file)
$3,203,267
Income (IRS master file)
$156,524,683

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$120,822,767$85,711,423$3,203,267IRS
990June 2023$65,080,009$87,377,693$147,788,535XML
990June 2022$86,292,288$86,517,333$158,158,687IRS
990June 2021$76,137,385$86,277,504$157,578,588IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2014
Officer: THOMAS D JOHNSON
June 30, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2986746).

Questions about TROUSDALE FOUNDATION INC

What is the EIN of TROUSDALE FOUNDATION INC?
The employer identification number (EIN) of TROUSDALE FOUNDATION INC is 22-2986746.
Is TROUSDALE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to TROUSDALE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does TROUSDALE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TROUSDALE FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TROUSDALE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of TROUSDALE FOUNDATION INC?
The 990 for the year ended June 30, 2024 names THOMAS D JOHNSON.
Who are the officers and directors of TROUSDALE FOUNDATION INC?
The 990 for the year ended June 30, 2024 lists 11 people; 6 received compensation from the organization, the highest $401,757 (THOMAS D JOHNSON, EXECUTIVE DIRECTOR OF FOUNDATION/CHAIRMAN).
How much revenue does TROUSDALE FOUNDATION INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $120,822,767, expenses of $85,711,423 and total assets of $3,203,267 at year end.

Organizations in its group exemption (2)

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