Tidalhealth Foundation Inc
- Assets
- $11.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 05/1994
- Data as of
- 06/2021
- EIN
- 52-1851935
Organization Overview
Tidalhealth Foundation Inc is located in Salisbury, MD. The organization was established in 1994. 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. Tidalhealth Foundation Inc 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 06/2021, Tidalhealth Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $364.0k during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS FOR PROGRAM EXPANSION, CAPITAL PROJECTS AND TO SUPPORT EDUCATIONAL PROGRAMS AND COMMUNITY, HEALTH AND WELLNESS INITIATIVES AT TIDALHEALTH PENINSULA REGIONAL (F/K/A PENINSULA REGIONAL MEDICAL CENTER).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hartstein Chairperson | OfficerTrustee | 3 | $0 |
Palmer Gillis Secretary | OfficerTrustee | 1 | $0 |
Micheal Guerrieri Assistant Treasurer | OfficerTrustee | 1 | $0 |
Cole Taustin Vice Chairperson | OfficerTrustee | 1 | $0 |
Audrey Harkins Treasurer | OfficerTrustee | 1 | $0 |
Reese Cropper III Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $256,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,165,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,421,761 |
| Total Program Service Revenue | $0 |
| Investment income | $14,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $355,550 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $364,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,680,688 |
| Savings and temporary cash investments | $8,078,017 |
| Pledges and grants receivable | $1,594,909 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,353,614 |
| Accounts payable and accrued expenses | $0 |
| 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 | $125,536 |
| Total liabilities | $125,536 |
| Net assets without donor restrictions | $1,555,291 |
| Net assets with donor restrictions | $9,672,787 |
| 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 | $11,353,614 |
Grants Awarded
Over the last fiscal year, Tidalhealth Foundation Inc has awarded $3,346,020 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Salisbury, MD PURPOSE: HEALTHCARE SERVICES | $1,656,452 |
Salisbury, MD PURPOSE: HEALTHCARE SERVICES | $1,656,452 |
Seaford, DE PURPOSE: HEALTHCARE SERVICES | $16,558 |
Seaford, DE PURPOSE: HEALTHCARE SERVICES | $16,558 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tidalhealth Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |