Trustbridge INC FY2023 filing

Tax-deductible

Lakewood Ranch, FL501(c)(3)Since 2005Human ServicesEIN 20-3974015

Trustbridge, INC. Is organized & operated exclusively for the purpose of providing management, administrative, & other support services to its supported organizations: hospice of palm beach county, INC., hospice by the sea INC. And affiliates.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$4.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $676K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.4M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $205K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$48.1M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49.7M
+4% vs prior year
Spent
$49.4M
To programs
100%
Net assets
$165.2M
By yearFY2020–FY2024
Revenue
$49.7M
FY2023▲ +4%
Revenue by fiscal year
FY2020$46.2M
FY2021$48.6M
FY2022$47.9M
FY2023$49.7M
FY2024$56.2M
Expenses
$49.4M
FY2023▼ -0.7%
Expenses by fiscal year
FY2020$45.1M
FY2021$49.6M
FY2022$49.7M
FY2023$49.4M
FY2024$58.3M
Net assets
$165.2M
FY2023▼ -1%
Net assets by fiscal year
FY2020$181.5M
FY2021$204.7M
FY2022$167.1M
FY2023$165.2M
FY2024$241.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $49.3M Management & general 0% · $61K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990; $4.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
$815,651Pt VII · Sec A
Chief Operating Officer
$488,447Pt VII · Sec A
$450,862Pt VII · Sec A
Associate Medical Director
$425,272Pt VII · Sec A
$400,811Pt VII · Sec A
Associate Medical Director
$399,999Pt VII · Sec A
Associate Medical Director
$373,790Pt VII · Sec A
Chief Medical Officer
$352,880Pt VII · Sec A

David Fielding’s $1.2M as Former CEO is at the 100th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Fielding$1,247,922————
David C Fielding—$815,651$772,630$857,322$820,403
Bivek K Pathak$540,061————
Katherine L Brazzale MD$495,810————
Tarrah L Lowry—$488,447$346,566$164,809—
Mariaelena Caraballo DO—$399,999$468,129$440,702$363,984
Richard L Teitzman DO$456,743————
Mark R Huntley—$450,862$439,673$403,114$387,642

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trustbridge INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides management and support services to hospice and related tax-exempt groups.

Provided by the organization

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1 program service account for $49.3M of program spending, described in the organization's own filed words · FY2023.
01

Trustbridge, inc. Provides management, administrative, and other support services to its supported organizations: hospice of palm beach county, inc., trustbridge foundation, inc., hospice by the sea, inc., the medical store of palm beach county, inc., focus care home health, inc., and harbor palliative care services, inc.

$49.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$49.7M
Ln 12
Fees for servicesLn 2g$48.6M
Investment incomeLn 3$439K
Gifts and grantsLn 1h$354K
Money outPt IX
$49.4M
Ln 25
Programscol B$49.3M
Managementcol C$61K
Owns and owesPt X
$165.2M
net assets · Ln 32
Cash and savingsLn 1–2$5.2M
Total assetsLn 16$213.3M
LiabilitiesLn 26$48.1M
PeoplePt VI, VII
19
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$354K
Fees for servicesLn 2g$48.6M
Investment incomeLn 3$439K
Other incomeLn 4–11$291K
Gains on assetsLn 7−$19K
Total revenueLn 12$49.7M
Assets in detailPt X, end of year
CashLn 1$5.2M
Cash and savings togetherLn 1–2$5.2M
InvestmentsLn 11–13$178.3M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$25.9M
Total assetsLn 16$213.3M
LiabilitiesLn 26$48.1M
Net assetsLn 32$165.2M
OperationsPt I, VI
EmployeesI 5256
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.1M$5.2M
InvestmentsLn 11–13$180.2M$178.3M
Land, buildings, equipmentLn 10c$1.9M$2.0M
Total assetsLn 16$217.8M$213.3M
LiabilitiesLn 26$50.7M$48.1M
Net assetsLn 32$167.1M$165.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.4M$2.4M
Other salaries and wagesLn 7$22.9M$22.8M$31K
Pension plan contributionsLn 8$636K$636K
Other employee benefitsLn 9$2.7M$2.7M
Payroll taxesLn 10$1.5M$1.5M
Legal feesLn 11b$377K$377K
Accounting feesLn 11c$230K$229K$2K
Other fees for servicesLn 11g$1.3M$1.2M$28K$0
Advertising and promotionLn 12$558K$558K
Office expensesLn 13$1.3M$1.3M$388
Information technologyLn 14$3.5M$3.5M
OccupancyLn 16$4.0M$4.0M
TravelLn 17$639K$639K
Conferences, conventions and meetingsLn 19$155K$155K
InterestLn 20$1.1M$1.1M
Depreciation, depletion and amortizationLn 22$2.9M$2.9M
InsuranceLn 23$1.0M$1.0M
Other expenses (24a–d)Ln 24$2.1M$2.1M
All other expensesLn 24e$135K$135K$0$0
Total functional expensesLn 25$49.4M$49.3M$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $56.2M$58.3M−$2.1M$241.1M 990 PDF
FY2023 Viewing $49.7M$49.4M$296K$165.2M 990 PDF
FY2022 $47.9M$49.7M−$1.8M$167.1M 990 PDF
FY2021 $48.6M$49.6M−$926K$204.7M 990 PDF
FY2020 $46.2M$45.1M$1.2M$181.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $49,681,074 across 7 lines filed
VIII-1d Related organizations$354,190
VIII-1h Total contributions, gifts and grants$354,190
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,596,889$48,596,889
VIII-3 Investment incomeExcluded from tax $458,090$458,090
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$19,006−$19,006
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,519 · Unrelated business $65,008 · Excluded from tax $198,384$290,911
VIII-12 Total revenueRelated to mission $48,624,408 · Unrelated business $65,008 · Excluded from tax $637,468$49,681,074
Part IX · Statement of functional expenses $49,385,477 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,397,648$2,397,648
IX-7 Other salaries and wagesPrograms $22,828,298 · Management $30,710$22,859,008
IX-8 Pension plan contributionsPrograms $635,985$635,985
IX-9 Other employee benefitsPrograms $2,667,115$2,667,115
IX-10 Payroll taxesPrograms $1,530,421$1,530,421
IX-11b Legal feesPrograms $376,978$376,978
IX-11c Accounting feesPrograms $228,900 · Management $1,500$230,400
IX-11g Other fees for servicesPrograms $1,246,869 · Management $28,000 · Fundraising $0$1,274,869
IX-12 Advertising and promotionPrograms $557,888$557,888
IX-13 Office expensesPrograms $1,325,209 · Management $388$1,325,597
IX-14 Information technologyPrograms $3,488,661$3,488,661
IX-16 OccupancyPrograms $3,964,171$3,964,171
IX-17 TravelPrograms $639,163$639,163
IX-19 Conferences, conventions and meetingsPrograms $154,943$154,943
IX-20 InterestPrograms $1,118,495$1,118,495
IX-22 Depreciation, depletion and amortizationPrograms $2,907,026$2,907,026
IX-23 InsurancePrograms $1,031,592$1,031,592
IX-24 Other expenses (24a–d)Programs $2,090,650$2,090,650
IX-24e All other expensesPrograms $134,867 · Management $0 · Fundraising $0$134,867
IX-25 Total functional expensesPrograms $49,324,879 · Management $60,598 · Fundraising $0$49,385,477
Part X · Balance sheet $213,278,639 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,082,150$5,241,132
X-4 Accounts receivable$65,008
X-8 Inventories for sale or useStart of year $308,638$292,071
X-9 Prepaid expenses and deferred chargesStart of year $1,391,434$1,507,435
X-10c Land, buildings and equipment, netStart of year $1,916,147$1,978,586
X-13 Program-related investmentsStart of year $180,184,079$178,254,261
X-15 Other assetsStart of year $30,910,187$25,940,146
X-16 Total assetsStart of year $217,792,635$213,278,639
X-17 Accounts payable and accrued expensesStart of year $11,578,482$12,072,087
X-20 Tax-exempt bond liabilitiesStart of year $20,312,503$19,062,499
X-25 Other liabilitiesStart of year $18,790,453$16,949,021
X-26 Total liabilitiesStart of year $50,681,438$48,083,607
X-27 Net assets without donor restrictionsStart of year $136,906,390$161,254,728
X-28 Net assets with donor restrictionsStart of year $30,204,807$3,940,304
X-32 Total net assets or fund balancesStart of year $167,111,197$165,195,032
X-33 Total liabilities and net assetsStart of year $217,792,635$213,278,639
Part XI · Reconciliation of net assets $165,195,032 net assets at year end
XI-1 Total revenue$49,681,074
XI-2 Total expenses$49,385,477
XI-3 Revenue less expenses$295,597
XI-4 Net assets at start of year$167,111,197
XI-9 Other changes in net assets−$2,211,762
XI-10 Net assets at end of year$165,195,032

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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