Providence Trinitycare Hospice Foundation
Current Fiscal Year
Fiscal Year Start Date: January 1, 2023
Fiscal Year End Date: December 31, 2023
Projected Revenue: $3,500,000
Projected Expense: $3,500,000
Revenue vs. Expense ($)
Expense Breakdown: 2024 (%)
| Administration Expense | 2.6% |
| Program Expense | 80.5% |
| Fundraising Expense | 7.2% |
Expense Breakdown: 2023 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2022 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
990 Tax Form Newest 990 Year opens each June
Prior Three Years Total Revenue and Expense Totals
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $6,810,071 | $4,818,774 | $4,542,665 |
| Total Expenses | $6,095,999 | $4,441,808 | $3,279,701 |
Prior Three Years Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | - | - | - |
| Government Contributions | - | - | - |
| Federal | - | - | - |
| State | - | - | - |
| Local | - | - | - |
| Unspecified | - | - | - |
| Individual Contributions | - | - | - |
| Indirect Public Support | - | - | - |
| Earned Revenue | - | - | - |
| Investment Income, Net of Losses | $797,868 | - | - |
| Membership Dues | - | - | - |
| Special Events | - | - | - |
| Revenue In-Kind | $15,425 | - | - |
| Other Revenue | - | - | - |
Prior Three Years Expense Allocations by Type
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $4,910,135 | - | - |
| Administration Expense | $155,962 | - | - |
| Fundraising Expense | $438,913 | - | - |
| Payments to Affiliates | - | - | - |
| Total Revenue/Total Expenses | 1.12 | 1.08 | 1.39 |
| Program Expense/Total Expenses | 81% | - | - |
| Fundraising Expense/Total Revenue | 6% | - | - |
Prior Three Years Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,692,583 | $15,952,737 | $15,448,892 |
| Current Assets | $2,864,133 | - | - |
| Long-Term Liabilities | $17,197 | - | - |
| Current Liabilities | $13,325 | - | - |
| Total Net Assets | $17,662,061 | $15,850,077 | $15,423,563 |
Short Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets/Current Liabilities | 214.94 | - | - |
Long Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Long Term Liabilities/Total Assets | 0% | - | - |
Endowment/Capital Campaigns
Endowment Value: $11,535,928
Spending Policy: The guidelines governing the Spending Policy The amount that may be spent each quarter from the endowments shall be the product of the spending rate and the base value. The base value is the average value of the assets in the endowment over the previous 12 rolling quarters. It will be the responsibility of the Investment Counselor to compute the base value for the spending calculation and to advise the Finance Committee of the calculated possible spending amount for the current fiscal year. It will be the Investment Counselor’s responsibility to provide the liquidity needed to meet the disbursement schedule as outlined by the Finance Committee. The initial annual spending rate shall have a ceiling of 5% of the base value. The spending rate shall be reviewed annually by the Foundation Board of Trustees upon recommendation of the Finance Committee.
Percentage: 5.0%
Are you currently in a Capital Campaign? No
CONTACT
Providence Trinitycare Hospice Foundation
5315 Torrance Blvd No B1
Torrance, CA 90503-4011