GOLD2022

Trustbridge Hospice Foundation

West Palm Beach, FL   |  www.trustbridge.com
GuideStar Charity Check

Trustbridge Hospice Foundation

EIN: 20-3974070


Mission

Our Mission To raise and manage funds to support the Vision and Mission of Trustbridge, Inc. and its subsidiaries through a comprehensive fundraising program. Our Vision To become the leading foundation funding great healthcare experiences. Our Values ◾Put Patients and Families First ◾Do Whatever it Takes ◾Respect Each Other ◾Do Your Best Everyday ◾Responsible Stewardship

Ruling year info

2007

Foundation President

Mr. Greg E Leach

Main address

5300 East Avenue

West Palm Beach, FL 33407 USA

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EIN

20-3974070

Subject area info

Philanthropy

Medical support services

Population served info

Children and youth

Adults

Terminally ill people

NTEE code info

Single Organization Support (T11)

Health Support Services (E60)

Single Organization Support (T11)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Trustbridge Bereavement Centers

Turstbridge Bereavement Centers offer grief support assistance to anyone in the community who has experienced a loss - families, adults, teens and children. The grief related services are offered at no charge to the families and friends of hospice patients.

Support groups are offered at different times and locations throughout the county. These are designed to provide an opportunity for individuals to share their grief safely and have contact with others who have had similar losses. Anyone wishing to attend a support group will first be seen individually by a bereavement counselor.

Individual and family bereavement counseling are provided to Hospice and community families. Counselors recognize the individuality of grief and use a variety of methods to support adults, teens and children in their grief journey. Counseling sessions may be individual or group.

Population(s) Served
Caregivers
Adults
Children and youth
Widows and widowers

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 7.957 music therapy visits in 2016.

Population(s) Served
Adults
Children and youth
Terminally ill people

We are committed to providing care for everyone in our community, including those without insurance coverage or the ability to pay.

Population(s) Served
Terminally ill people
Children and youth
Adults

We offer continuing education programs for our clinical staff, as well as a Fellowship in Hospice and Palliative Medicine program through our partnership with University of Miami Miller School of Medicine.

Population(s) Served
Adults

Our funding provides admission of patients into hospice care who need to continue treatments for their comfort, including chemotherapy, radiation, intravenous medications and blood transfusions.

Population(s) Served
Adults
Children and youth
Terminally ill people

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To fund the programs of Hospice that are not reimbursed by Medicare, Medicaid and/or Private Insurance. Programs like Music Therapy, Integrative Therapies, complex case management, indigent care, staff training and education and a robust bereavement program.

Financials

Trustbridge Hospice Foundation
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020 info

SOURCE: IRS Form 990

96.41

Average of 145.75 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990

4.4

Average of 12.1 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990

13%

Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

Trustbridge Hospice Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

Trustbridge Hospice Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Trustbridge Hospice Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of Trustbridge Hospice Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation $4,182,118 $13,565,488 -$8,266,934 $17,379,061 $9,425,543
As % of expenses 68.9% 163.3% -101.9% 197.1% 94.6%
Unrestricted surplus (deficit) after depreciation $4,168,058 $13,553,742 -$8,280,363 $17,368,685 $9,415,884
As % of expenses 68.6% 162.9% -101.9% 196.7% 94.4%
Revenue composition info
Total revenue (unrestricted & restricted) $12,214,029 $14,696,426 $19,536,093 $10,311,877 $6,409,635
Total revenue, % change over prior year 7.8% 20.3% 32.9% -47.2% -37.8%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 18.1% 16.6% 13.9% 28.7% 38.9%
Government grants 0.0% 0.0% 0.0% 0.0% 8.7%
All other grants and contributions 78.2% 38.4% 32.2% 64.5% 77.7%
Other revenue 3.8% 45.0% 53.9% 6.8% -25.3%
Expense composition info
Total expenses before depreciation $6,066,121 $8,307,591 $8,111,563 $8,818,567 $9,962,788
Total expenses, % change over prior year -26.2% 37.0% -2.4% 8.7% 13.0%
Personnel 19.4% 15.1% 15.1% 14.7% 12.6%
Professional fees 15.1% 12.7% 13.7% 11.4% 10.4%
Occupancy 0.5% 0.4% 0.4% 0.3% 0.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 61.2% 68.5% 67.4% 70.2% 73.9%
All other expenses 3.8% 3.4% 3.5% 3.3% 2.9%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $6,080,181 $8,319,337 $8,124,992 $8,828,943 $9,972,447
One month of savings $505,510 $692,299 $675,964 $734,881 $830,232
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $242,591 $0 $0 $28,602 $0
Total full costs (estimated) $6,828,282 $9,011,636 $8,800,956 $9,592,426 $10,802,679

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 20.4 17.3 10.4 7.9 4.4
Months of cash and investments 229.7 188.0 178.3 188.4 179.2
Months of estimated liquid unrestricted net assets 218.9 179.5 171.7 181.5 172.1
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $10,333,367 $11,993,507 $6,999,698 $5,827,501 $3,640,640
Investments $105,804,248 $118,149,995 $113,530,980 $132,632,183 $145,156,199
Receivables $1,293,889 $281,017 $780,173 $293,750 $205,500
Gross land, buildings, equipment (LBE) $423,425 $456,289 $458,159 $552,844 $561,345
Accumulated depreciation (as a % of LBE) 26.3% 38.2% 52.6% 57.5% 72.9%
Liabilities (as a % of assets) 0.8% 1.1% 0.9% 0.9% 0.9%
Unrestricted net assets $110,986,864 $124,540,606 $116,260,243 $133,628,928 $143,044,812
Temporarily restricted net assets $2,184,231 $1,153,198 $683,841 N/A N/A
Permanently restricted net assets $3,630,071 $3,685,488 $3,606,202 N/A N/A
Total restricted net assets $5,814,302 $4,838,686 $4,290,043 $4,198,601 $4,784,660
Total net assets $116,801,166 $129,379,292 $120,550,286 $137,827,529 $147,829,472

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Foundation President

Mr. Greg E Leach

Greg is responsible for providing leadership to Foundation employees, donors, the Board of Directors and related parties and conducting fundraising activities for annual support, memorial gifts, special projects, endowments and deferred giving. Greg leads the fundraising efforts for both Hospice of Palm Beach County Foundation as well as Hospice of Broward County Foundation. Since taking leadership of the Foundation in 2008, Greg has built a program strategy focused on increasing the unfunded programs of support, additional support for marginalized individuals and communities currently less served by Hospice of Palm Beach County. The Foundation's Board of Directors is actively involved in the success and growth of the Foundation and has recently taken on the added responsibility of Hospice of Broward County Foundation as a separate funding vehicle for our Broward County expansion.

Number of employees

Source: IRS Form 990

Trustbridge Hospice Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Trustbridge Hospice Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Trustbridge Hospice Foundation

Board of directors
as of 08/22/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Robert Friedman

R.M.F. Financial, Inc.

Term: 2017 - 2023


Board co-chair

Malcolm Cunningham, Jr., Esq.

Cunningham Law Firm

Term: 2022 - 2025

Bishop W. Oshea Granger

Mount Calvary Baptist Church

Chris Callahan

Adolfo Zaralegui

Findlay Galleries International, Inc.

Jennifer Brancaccio

First Horizon Bank

Mark Cook

Royal Palm Management

Patrick J Franklin

Urban League Palm Beach County

Dari Bowman

Meredith Tucker, CPA

Kaufan Rossin

Peter A. Sachs, Esq.

Jones & Foster

Jeffrey M Bishop, DO

Kevin DiLallo

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 8/22/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 08/22/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.