Trousdale Foundation Inc
485 Central Ave NE, Cleveland, TN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $120,822,767 | $85,711,423 | $214,151 |
| FY2023 | $65,080,009 | $87,377,693 | -$34,897,193 |
| FY2022 | $86,292,288 | $86,517,333 | -$12,403,172 |
| FY2021 | $76,137,385 | $86,277,504 | -$16,860,577 |
| FY2020 | $97,824,810 | $107,071,604 | -$10,710,950 |
| FY2019 | $98,186,633 | $96,644,015 | -$975,473 |
| FY2018 | $47,060,795 | $48,178,757 | -$3,092,610 |
| FY2017 | $34,103,096 | $35,490,849 | -$1,667,826 |
| FY2016 | $10,508,079 | $10,803,400 | -$208,552 |
Form 990 filings
The returns filed by Trousdale Foundation Inc (EIN 22-2986746), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,963,594 | 2% |
| Program service revenue | $71,407,835 | 59% |
| Other revenue | $46,451,338 | 38% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $61,706,153 | 72% |
| Management & general | $24,005,270 | 28% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 59% of total revenue in FY2024.
- Program services accounted for 72% of functional expenses, management & general 28%, and fundraising 0%.
- 72% of functional expenses went to program services in FY2024.
- Net assets covered about 0 months of expenses at the end of the reporting year.
- Total revenue rose from $10,508,079 in FY2016 to $120,822,767 in FY2024. Revenue increased in 5 and decreased in 3 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 9 reported years (FY2016, FY2017, FY2018, FY2020, FY2021, FY2022, FY2023).
- Net assets grew from -$208,552 to $214,151 between FY2016 and FY2024.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ACQUIRE, OWN, AND MANAGE NURSING HOMES, HOSPITALS, RETIREMENT HOUSING AND HEALTH CARE FACILITIES.
IRS status
| Ruling year | 1990 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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