Civic Intelligence

Sunshine Terrace Foundation Inc

EIN 87-0208619 • 501(c)3 • Logan, UT

Profile

To advance wellness, independence, dignity, and comfort.

Refreshing map…

248 West 300 NorthLogan, UT 84321

www.sunshineterrace.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.28x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.20x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

32nd percentile

-0.9%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$168,720

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

66th percentile

10%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

56%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$10,525,579

Up $986,419 (+10%) from 2023

Liabilities

Up

$2,906,904

Up $1,116,311 (+62%) from 2023

Net Assets

Down

$7,618,675

Down $129,892 (-1.7%) from 2023

Revenue

Up

$14,325,083

Up $5,116,376 (+56%) from 2023

Expenses

Up

$14,454,976

Up $3,495,545 (+32%) from 2023

Net Income

Up

-$129,893

Up $1,620,831 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $16,347,996Liabilities 2010: $5,895,419Net Assets 2010: $10,452,5772010Assets 2011: $15,445,540Liabilities 2011: $5,675,560Net Assets 2011: $9,769,9802011Assets 2012: $14,594,200Liabilities 2012: $5,268,488Net Assets 2012: $9,325,7122012Assets 2013: $14,097,765Liabilities 2013: $4,581,756Net Assets 2013: $9,516,0092013Assets 2014: $13,292,715Liabilities 2014: $4,363,118Net Assets 2014: $8,929,5972014Assets 2015: $13,045,386Liabilities 2015: $3,497,914Net Assets 2015: $9,547,4722015Assets 2016: $13,466,151Liabilities 2016: $3,395,072Net Assets 2016: $10,071,0792016Assets 2017: $13,588,506Liabilities 2017: $3,064,345Net Assets 2017: $10,524,1612017Assets 2018: $13,551,987Liabilities 2018: $2,801,516Net Assets 2018: $10,750,4712018Assets 2019: $12,855,365Liabilities 2019: $2,523,816Net Assets 2019: $10,331,5492019Assets 2020: $14,028,100Liabilities 2020: $2,073,610Net Assets 2020: $11,954,4902020Assets 2021: $13,450,864Liabilities 2021: $1,789,755Net Assets 2021: $11,661,1092021Assets 2022: $11,024,804Liabilities 2022: $1,525,513Net Assets 2022: $9,499,2912022Assets 2023: $9,539,160Liabilities 2023: $1,790,593Net Assets 2023: $7,748,5672023Assets 2024: $10,525,579Liabilities 2024: $2,906,904Net Assets 2024: $7,618,6752024

Highlighted filing

2024

Assets$10,525,579
Liabilities$2,906,904
Net Assets$7,618,675

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $12,590,1972010Expenses 2011: $13,264,1692011Revenue 2012: $12,461,704Expenses 2012: $12,905,972Net Income 2012: -$444,2682012Revenue 2013: $11,969,638Expenses 2013: $11,919,536Net Income 2013: $50,1022013Revenue 2014: $11,643,438Expenses 2014: $12,229,850Net Income 2014: -$586,4122014Revenue 2015: $12,436,464Expenses 2015: $11,818,589Net Income 2015: $617,8752015Revenue 2016: $12,004,304Expenses 2016: $11,480,697Net Income 2016: $523,6072016Revenue 2017: $11,790,334Expenses 2017: $11,337,252Net Income 2017: $453,0822017Revenue 2018: $11,728,679Expenses 2018: $11,502,369Net Income 2018: $226,3102018Revenue 2019: $11,252,630Expenses 2019: $11,671,552Net Income 2019: -$418,9222019Revenue 2020: $14,255,669Expenses 2020: $12,632,728Net Income 2020: $1,622,9412020Revenue 2021: $11,370,132Expenses 2021: $11,663,513Net Income 2021: -$293,3812021Revenue 2022: $9,077,922Expenses 2022: $11,243,935Net Income 2022: -$2,166,0132022Revenue 2023: $9,208,707Expenses 2023: $10,959,431Net Income 2023: -$1,750,7242023Revenue 2024: $14,325,083Expenses 2024: $14,454,976Net Income 2024: -$129,8932024

Highlighted filing

2024

Revenue$14,325,083
Expenses$14,454,976
Net Income-$129,893

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$2.91$7.62$14.3$14.5$0.13
2023Summary only. Only limited summary data is available for this year.$9.54$1.79$7.75$9.21$11.0$1.75
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$1.53$9.50$9.08$11.2$2.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$1.79$11.7$11.4$11.7$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$2.07$12.0$14.3$12.6$1.62
2019Summary only. Only limited summary data is available for this year.$12.9$2.52$10.3$11.3$11.7$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$2.80$10.8$11.7$11.5$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$3.06$10.5$11.8$11.3$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$3.40$10.1$12.0$11.5$0.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$3.50$9.55$12.4$11.8$0.62
2014Detailed filing. Detailed filing data is available for this year.$13.3$4.36$8.93$11.6$12.2$0.59
2013Summary only. Only limited summary data is available for this year.$14.1$4.58$9.52$12.0$11.9$0.05
2012Summary only. Only limited summary data is available for this year.$14.6$5.27$9.33$12.5$12.9$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$5.68$9.77$13.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$5.90$10.5$12.6
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$9,083,055
Mission and Program Overview

Mission

To advance wellness, independence, dignity, and comfort.

ORGANIZATION: SUNSHINE TERRACE FOUNDATION IS IN OUR 75th YEAR OF SERVICE TO OUR COMMUNITY. AS A 501(C)(3) CHARITABLE NON-PROFIT HEALTH CARE PROVIDER AS A NON-PROFIT FOUNDATION. WE WERE FORMED TO CARRY OUT A PUBLIC PURPOSE. WE ARE HONORED TO HAVE 5 APPOINTED TRUSTEE EMERITI. WE ARE GOVERNED BY A BOARD OF DIRECTORS WITH VARIED BACKGROUNDS. OUR BOARD MEMBERS INCLUDE SUCCESSFUL EDUCATORS, BUSINESS MEN AND WOMEN WHO VOLUNTEER FROM OUR COMMUNITY. THEY PROVIDE US WITH VALUABLE BUSINESS INSGHT AND STRATEGIC DIRECTION FOR OUR FUTURE. THROUGH THE COLLABORATING EFFORTS OF A VERY SUPPORTIVE COMMUNITY NETWORK, OUR CAMPUS OF CARE HAS REACHED LITERALLY THOUSANDS OF INDIVIDUALS BOTH INSIDE OUT OUTSIDE OF OUR STATE WHO HAVE NEEDED HEALTH CARE ASSISTANCE. OUR VISION IS TO BRING MORE TO LIFE. OUR SERVICES: AS A FOUNDATION WE PROVIDE A CONTINUUM OF SERVICES THAT HELP US MEET THE NEEDS OF OUR COMMUNITY. OUR SKILLED NURSING FACILITY PROVIDES POST-SERVICES THAT HELP US MEET THE NEEDS OF OUR COMMUNITY. OUR SK

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,843,447$5,084,949▼ $758,498
Accounts Receivable$881,432$1,845,522▲ $964,090
Savings and Temporary Cash Investments$1,679,938$1,695,256▲ $15,318
Cash and Non-Interest-Bearing Accounts$3,765,069$1,020,005▼ $2,745,064
Prepaid Expenses and Deferred Charges$47,451$100,947▲ $53,496
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,450,864$11,024,804▼ $2,426,060
Other Assets Total$1,233,527$1,278,125▲ $44,598
Liabilities
Tax Exempt Bond Liabilities$1,061,677$726,341▼ $335,336
Accounts Payable and Accrued Expenses$625,588$693,750▲ $68,162
Other Liabilities$100,766$103,698▲ $2,932
Deferred Revenue$1,724$1,724→ $0
Total Liabilities$1,789,755$1,525,513▼ $264,242
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,481,246$8,522,205▼ $1,959,041
Net Assets With Donor Restrictions$1,179,863$977,086▼ $202,777
Total Net Assets Fund Balance$11,661,109$9,499,291▼ $2,161,818
Total Liabilities and Net Assets / Fund Balance$13,450,864$11,024,804▼ $2,426,060

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,446,217$16,864,933$19,311,150
Equipment$382,064$2,392,546$2,774,610
Land$2,021,468-$2,021,468
Other Land Buildings$235,200$825,310$1,060,510
Other Assets Org$19,678--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$947,375$8,232▲ $33,319-$988,926
2021$916,243$7,434▲ $23,698-$947,375
2020$883,976$8,568▲ $23,699-$916,243
2019$846,243$16,107▲ $21,626-$883,976
2018$811,652$13,911▲ $20,680-$846,243
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bryan EricksonCEOFT$160,000$8,720$168,720
Brad RasmussenControllerFT$82,331$9,405$91,736

Board Members and Trustees

NameTitle
Lee RulisPresident
Richard HatchVice President
Bruce N LeishmanBoard Member
Corey YeatesBoard Member
David CoppinBoard Member
Jay BlackBoard Member
John CockettBoard Member
Kevin DukeBoard Member
Kris LarsenBoard Member
Marty CannonBoard Member
Ralph BairBoard Member
Randy WattsBoard Member
Reed Bullen JrBoard Member
Shari BadgerBoard Member
Stephanie B SorensonBoard Member
Jared RipplingerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alta Health ServicesTherapy598 W 900 S STE 240, Woods Cross, UT 84010$125,889
Revenue and Support

Revenue Composition

Contributions and Grants
$415,995
Program Service Revenue
$8,467,544
Investment Income
$91,649
Other Revenue
$102,734
All Other Contributions
$261,892
Change in Net Assets
$-2,166,013

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies7$15,337Fair Market Value (FMV)
Clothing and Household Goods-$12,811Fair Market Value (FMV)
Food Inventory18$5,355Fair Market Value (FMV)
Other Non Cash Contri Table6$1,458Fair Market Value (FMV)
Works of Art2$1,400Fair Market Value (FMV)
Other Non Cash Contri Table4$788Fair Market Value (FMV)
Other Non Cash Contri Table3$785Fair Market Value (FMV)
Other Non Cash Contri Table1$250Fair Market Value (FMV)
Total Noncash Contributions41$38,184-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,077,922
Revenue Not Reported on Form 990
$4,195
Total Revenue per Audited Statements
$9,082,117
Total Revenue per Form 990
$9,077,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,964,063
Other Expenses$4,279,872
Total Fundraising Expense$34,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,633,216$179,748-$5,812,964
Depreciation Depletion$900,430$47,000-$947,430
Fees for Services Other$656,647$98,712-$755,359
Occupancy$599,047--$599,047
Payroll Taxes$407,040$37,373-$444,413
Other Employee Benefits$387,714$5,493-$393,207
Current Officers, Directors, Trustees, and Key Employees$130,228$130,228-$260,456
Information Technology$229,369--$229,369
Office Expenses$166,283$7,438-$173,721
Insurance$17,712$154,713-$172,425
Other Expenses$91,648$15,308$34,199$141,155
Interest$28,750$27,307-$56,057
Pension Plan Contributions$52,843$180-$53,023
All Other Expenses$29,560$9,947-$39,507
Fees for Services Legal$29,047$4,718-$33,765
Fees for Services Accounting$20,400--$20,400
Travel$18,669--$18,669
Total Functional Expenses$10,468,790$740,946$34,199$11,243,935

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,243,935
Total Expenses per Audited Statements$11,243,935
Total Expenses per Form 990$11,243,935
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,299
Fundraising Direct Expenses$5,133
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue Blazers$20,402$6,299$517$5,782
Total Events$20,402$6,299$5,133$1,166
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Patient Trust Liability$84,021
Right of Use Liabilities$19,677

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACache County Utah2016-11-01$2,671,000Rehab facility bond refinance

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,671,000--$61,144

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 goes to each member of the board of directors where questions and concerns are addressed. The finance committee does an in-depth review of the 990.

Form 990, Part VI, Section B, Line 12C

The members of the board are conscientious of conflict of interest activities and voluntarily bring up their own activities for discussion if they feel it might violate, or give the perception of violating, the organization's conflict of interest policy. The executive committee monitors and addresses issues that might be potential conflicts of interest. The management and committee structure of sunshine terrace foundation also promotes the ongoing monitoring of conflict of interest activities. The members of the board are all known to each other, as they are all part of the same community. This makes it easier to identify situations where a conflict of interest may exist.

Form 990, Part VI, Section B, Line 15B

Health benefits are renewed yearly. Employees must be employed 60 days at a minimum average of 30 hours per week to qualify. Compensation is determined by state wage rates for all job descriptions. Ceo and controller compensation agreements are evaluated on a yearly basis.

Form 990, Part VI, Section C, Line 19

Available upon request and located on company website. Organizational documents are also supplied at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Sunshine Terrace Foundation Inc
EIN
87-0208619
Phone
4357520411
Address
248 WEST 300 NORTH, LOGAN, UT 84321

Signing Officer

Name
Bryan Erickson
Title
CEO
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Erickson
Formed
1947
Legal Domicile
Ut
Voting Board Members
16
Independent Board Members
16
Employees
379
Volunteers
525

Preparer

Firm
Jones Simkins LLC
Address
1011 West 400 North Suite 100, Logan, UT 84321
Preparer
Robert D Thomas CPA
Phone
4357521510
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: the worx outpatient therapy & fitness, formally known as aquaworx physical therapy & fitness, is a premier community out-patient physical, occupational, speech, water therapy clinic, and fitness gym. Specializing in aquatic therapy,prehab (rehabilitation prior to a surgery to allow for quicker recovery), veritgo, dry needling, balance therapy, neurological treatments, and age forty and finer fitness training. Our state-of-the-art hydroworx pool and our licensed therapy staff help our patients heal from injuries and improve quality of life as they regain their abilities. We offer an exercise specialist in our fitness gym and classes. We have the only certified rock steady boxing course in northern utah. This course helps clients who suffer from parkinson, manage the disease process with dignity. We are proud to serve members of the silver sneakers program.

Form 990, Part XI, Line 9

In-Kind Donations = $4195

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Executive Summary

Executive summaryour servicesas a foundation we provide a continuum of services that help us meet the needs of our community. Our skilled nursing facility provides post-acute short-term rehabilitation, long-term skilled care, respite care, and specialized dementia care services. Our assisted living center offers level-two assisted living services, including overnight respite stays, all with 24-hour licensed nurse coverage. Our home health business provides skilled & non-skilled in-home personal services, physical, occupational, and speech therapies. Our hospice business offers end-of-life palliative care to clients in their homes or outside health care facility. Our personal care agency business provides homemaking and companion services to clients in their homes. Our outpatient therapy company offers physical, occupational and speech therapy services as well as a wide variety of fitness training programs. In 2022, we served approximately 199 people per day across all business lines, and averaged around 244 employees (full and part time). We are fully licensed by the utah department of health for our skilled rehabilitation center, assisted living services, outpatient therapy, home health, hospice, and in-home personal care agency. We are certified to provide both medicaid and medicare services. We provide services to residents that are part of managed care organizations. We also are on the panels of many of the major insurance companies. We provide uncompensated care to individuals who have no source of reimbursement. We are active members of the utah health care association, the american health care association, utah assisted living association, national center for assisted living, utah association of home care and hospice, as well as the national association for home care and hospice. Community outreach and supportto help facilitate our mission and vision, we are honored to provide resources to our community. Sunshine terrace foundation offers a wide range of support groups. We have partnered with the cache county caregiver coalition to facilitate educational workshops for caregivers in our community. Once a week we host, on our campus, the caregiver support group and a group titled peaceful healing. This is a grief and bereavement group. Each quarter, a five session class is held titled dementia dialogues. This class educates care givers on dementia and alzeimers. It is taught by sunshine terrace foundation staff that are certified in dementia training. These classes are open to the public and free of charge. All of our groups are open for anyone in our community. It is our pleasure to provide meeting rooms for these community organizations free of charge. We are active in service clubs and volunteer community organizations such as rotary club and the cache chamber of commerce. We have a paid programing segment on utah public radio where we offer educational tips for aging adults.it is our privilege to partner with utah state university, bridgerland applied technology college, and utah c.n.a to provide a practicum setting for students in nursing, social services, dietay, and music therapy. We also mentor professionals who want to go into health care administration. Financialwe ended 2022 with a current ratio of 3.29 to 1, and a debt ratio of 7.09 to 1. In 2022 management and general expenses were 6.8% of total expenses. Our fund raising costs were less than 1%. Our donors gave $573,604. We provided $2,553,665 in state-defined uncompensated care. We are very grateful for our property tax exemption granted by cache county, the state of utah, and our federal tax exempt status as well. These exemptions allow us to put those funds into patient care. We pride ourselves in being community-run, but more importantly, a community-focused organization.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To fulfill the charitable purposes of the Sunshine Terrace Foundation

Raw XML AppendixShowing 400 of 790 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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