Trustbridge Foundation INC EIN 20-3974070 Form 990 (PDF) Claim this org

Trustbridge Foundation INC

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Raises and manages donations to fund end-of-life care providers. For fiscal year 2024 it reported $9.6M in revenue, $6.8M in expenses, and $175.2M in net assets.Pt I

Founded
2005
Type
Public charity (501(c)(3)) · Human Services
Location
Lakewood Ranch, FL
Website
trustbridge.com/foundation
Filings
5 on file (2020–2024)
Revenue
$9.6MFY2024
Expenses
$6.8M
Net assets
$175.2M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3974070 Public charity (501(c)(3)) Lakewood Ranch, FL Founded 2005
Form 990 (PDF)
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Figures match the IRS filing checked 8/13/26 · see original: IRS
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Size
$1–10M
What they do
Raises and manages donations to fund end-of-life care providers.
Leadership
Chris Callahan · Chairman
Money in and out
$9.6M revenue, $6.8M expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$9.6M
Pt VIII · Ln 12
Total expenses
$6.8M
Pt IX · Ln 25
Net assets
$175.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.8M
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.18 Fundraising $0.07
Program efficiency
74%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
379.7mo
months of highly liquid reserves at operating expense rate▲ +45% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▼ -17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$9.6M
FY2024▼ -9%
Expenses
$6.8M
FY2024-0.4%
Total assets
$177.2M
FY2024▲ +12%
Total liabilities
$2.0M
FY2024▲ +63%
Total revenue
$9.6M
Pt VIII · Ln 12
Total expenses
$6.8M
Pt IX · Ln 25
Net assets
$175.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.8M
Total assetsPt X · Ln 16$177.2M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrustbridge Foundation INC
EINHdr · item D20-3974070
Principal addressHdr · item CLakewood Ranch, FL
WebsiteHdr · item Jtrustbridge.com/foundation
Year of formationHdr · item L2005
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P112)
Ruling yearIRS BMFMar 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Johnson’s $249K as President Trustbridge Foundation is at the 95th percentile of top reported officer pay among 3864 $1–10M 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

NameFY2023FY2022FY2021FY2020
Gregory E Leach$165,700$375,682$387,543$382,935
Deborah Johnson$249,414$94,205
Valerie a Vitale$185,317$165,771$162,912$162,429
Leticia L Carlo$114,163$131,384$133,253
Cathy L Olsen$104,605$126,286$127,806$123,042
Jennifer C Thomason$113,733
Allyson Harman$104,195
Lauryn L Barry$103,058

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $4.2M of program spending, described in the organization's own filed words · FY2024.
01

Extraordinary Comfort Measures

Trustbridge is one of only 3% of hospices nationwide that admit patients into hospice care who need to continue treatments for their comfort (chemotherapy, radiation, intravenous medications and blood transfusions). Your donations fund the comfort measures so these families can benefit from the world of support that hospice offers.

$1.8Mprogram expense
02

Charitable Care

As local, not for profit hospice we are committed to providing care for everyone in our community, including those without insurance or the ability to pay. In 2023, donations helped provide 6,301 days of care to uninsured patients.

$1.2Mprogram expense
03

Music Therapy

Music can create a physical and emotional connection that relieves pain, anxiety, depression and other symptoms. We offer one of the nation's largest music therapy programs, providing 5,784 music therapy visits in 2023. Grief support: in 2023, we were able to help 1,992 adults with individual and group counseling.

$1.2Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$5.6M · 58%
Investment income$4.0M · 42%
Contributions & grants58%$5.6M
Investment income42%$4.0M
Total revenueLn 12$9.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.18 Fundraising $0.07
Program services74%$5.0M
Management & general18%$1.2M
Fundraising7%$493K
Total functional expensesLn 25$6.8M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$177.2M
Total liabilitiesLn 26$2.0M
Total net assetsLn 32$175.2M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $168.7M · Operating expenses (Pt IX) $6.8M · Less non-cash grants $1.4M · Cash operating expenses/yr $5.3M
379.7 months
Where the money goes
Program services
Program services $5.0M · Total expenses $6.8M
74%
Management & General
Management & general $1.2M · Total expenses $6.8M
18%
Fundraising
Fundraising $493K · Total expenses $6.8M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $466K · Solicited contributions (3-yr avg) $5.4M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.6M · Total revenue $9.6M
58%
Government reliance
Government grants — · Total revenue $9.6M
Earned-income share
Program service revenue $0 · Total revenue $9.6M
0%
Investment reliance
Investment income $4.0M · Total revenue $9.6M
+42%
Program self-sufficiency
Program service revenue $0 · Total expenses $6.8M
0%
Growth & trend
Revenue growth (YoY)
This year $9.6M · Prior year $10.5M
-9%
Revenue CAGR
FY2020 $6.4M · FY2024 $9.6M
+11%
Net-asset trend (YoY)
End of year $175.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.6M · Expenses $6.8M
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $177.2M
Net-asset ratio
Net assets $175.2M · Total assets $177.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $151.9M · Other securities (Pt X, ln 12) $15.2M · Total assets (Pt X, ln 16) $177.2M
94%
People & payroll
Highest Reported Total Compensation
Individual Chris Callahan · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $6.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.4M · Total expenses $6.8M
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 18%
Fundraising cost ratio 9%
Revenue growth -9%
Investment management fee ratio 0.4%
Legal fee ratio 1%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 21 grants · $26.2M · 2020–2024
Hospice of Palm Beach County INCFL · FY2024$2,411,020
Hospice by the Sea INCFL · FY2024$952,727
Trustbridge INCFL · FY2024$89,600
Unitemized GrantFY2024$11,472
Hospice of Palm Beach County INCFL · FY2023$2,571,744
Hospice by the Sea INCFL · FY2023$1,168,509
Trustbridge INCFL · FY2023$354,191
Unitemized GrantFY2023$15,209
Hospice of Palm Beach County INCFL · FY2022$4,206,188
Hospice by the Sea INCFL · FY2022$2,096,473
Trustbridge INCFL · FY2022$403,709
Unitemized GrantFY2022$17,611
Hospice of Palm Beach County INCFL · FY2021$2,905,602
Hospice by the Sea INCFL · FY2021$1,195,469
Trustbridge INCFL · FY2021$385,741
Unitemized GrantFY2021$15,587
Hospice by the Sea INCFL · FY2020$4,404,716
See all 21 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$9.6M revenue · viewing · ⤓ 990 PDF
FY2023$10.5M revenue · ⤓ 990 PDF
FY2022$3.9M revenue · ⤓ 990 PDF
FY2021$27.7M revenue · ⤓ 990 PDF
FY2020$6.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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