Trinity Health Foundation
- Assets
- $31.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Dodge, IA
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 42-1222381
Organization Overview
Trinity Health Foundation, operating under the name Trinity Foundation, is located in Fort Dodge, IA. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Trinity Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Trinity Foundation has awarded 18 individual grants totaling $8,340,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS TRINITY HEALTH SYSTEMS' MISSION OF "IMPROVING OUR COMMUNITY'S HEALTH."
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS, ALLOCATIONS AND PROGRAM SUPPORTTRINITY HEALTH FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF TRINITY REGIONAL MEDICAL CENTER IN FORT DODGE, IOWA, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF TRINITY HEALTH SYSTEMS, INC. AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANT, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:- CONTRIBUTIONS TO TRINITY REGIONAL MEDICAL CENTER FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES AND MISCELLANEOUS.- SCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.- GRANTS TO LOCAL RURAL HEALTH COMMUNITIES ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.- MISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH TRINITY REGIONAL MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Zemke Board Treasurer | OfficerTrustee | 1 | $0 |
Molly Johnson-Bird Board Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Leiting Board Chair | OfficerTrustee | 1 | $0 |
Sarah Marsh VP Finance | Officer | 1 | $0 |
Leah Glasgo President/ceo | Officer | 1 | $0 |
Tim Lentsch Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,390 |
| Related organizations | $581,074 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,999,937 |
| Noncash contributions included in lines 1a–1f | $208,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,594,401 |
| Total Program Service Revenue | $0 |
| Investment income | $831,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,131,144 |
| Net Income from Fundraising Events | $52,723 |
| Net Income from Gaming Activities | $44,578 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,654,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,607,734 |
| Grants and other assistance to domestic individuals. | $37,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,611 |
| Pension plan accruals and contributions | $10,205 |
| Other employee benefits | $31,066 |
| Payroll taxes | $14,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,482 |
| Fees for services: Investment Management | $310,517 |
| Fees for services: Other | $13,268 |
| Advertising and promotion | $0 |
| Office expenses | $4,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,494 |
| Total functional expenses | $2,337,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,696 |
| Savings and temporary cash investments | $51,886 |
| Pledges and grants receivable | $1,412,150 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,874 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,299,980 |
| Investments—other securities | $0 |
| Investments—program-related | $2,971,637 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,981,223 |
| Accounts payable and accrued expenses | $39,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,230 |
| Total liabilities | $58,853 |
| Net assets without donor restrictions | $22,217,009 |
| Net assets with donor restrictions | $8,705,361 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,981,223 |
Grants Awarded
Over the last fiscal year, Trinity Health Foundation has awarded $1,605,844 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Dodge, IA PURPOSE: PROGRAM SUPPORT | $1,450,216 |
West Des Moines, IA PURPOSE: PROGRAM SUPPORT | $105,043 |
West Des Moines, IA PURPOSE: PROGRAM SUPPORT | $50,585 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Trinity Health Foundation has recieved totaling $661,282.
| Awarding Organization | Amount |
|---|---|
Trinity Regional Medical Center Fort Dodge, IA PURPOSE: PROGRAM SERVICES | $460,868 |
George F Murphy Tuw Las Vegas, NV PURPOSE: MEDICAL EQUIPMENT AND NURSING SERVICES | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $55,100 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: Radiating Hope | $10,000 |
United Way And Community Foundation Of Greater Fort Dodge Fort Dodge, IA PURPOSE: PROGRAM SUPPORT | $6,000 |
Mary Mallinger Foundation St Louis, MO PURPOSE: PROGRAM SUPPORT | $4,314 |
Endowment Analysis
| Beg. Balance | $21,676,746 |
| Earnings | $2,133,191 |
| Net Contributions | $112,100 |
| Grants | $193,285 |
| Ending Balance | $23,728,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Twin Cities Bakery Workers Health And Welfare Fund Saint Paul, MN | $3,154,286 | $12,238,958 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $31,419,781 | $18,589,909 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Stagehands Union Local No 2 Health And Welfare Fund Oak Brook, IL | $8,693,853 | $9,920,428 |