Trinity Health Foundation

Nonprofit profile at a glance

EIN
421222381
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Fort Dodge, IA, USA
Phone
5155743101
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$4,255,864
Expenses
$2,603,494
Assets
$37,055,856
Liabilities
$113,301

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • LEAH GLASGO (MARKET PRESIDENT)

Highest reported compensation

  • LEAH GLASGO (MARKET PRESIDENT): $602,275 total reported compensation
  • SARAH MARSH (MARKET VP FIN OPERATIONS): $327,192 total reported compensation
  • SUSAN THOMPSON-IHS INT CEO TO 0221 (FMR INT BOARD MBR & PRES (TO 1/19)): $323,055 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Trinity health foundation is a nonprofit organization that supports trinity health systems' mission of "improving our community's health." the foundation's goal is to provide funding to trinity health systems to enhance patient care and services.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 70%; rating input score 70
  • Fundraising efficiency: $5.53 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 14.23; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 70% of spending went to programs
  • Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $602K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 81 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.