CONNECTICUT NURSES' FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

KIMBERLY SANDOR

Phone

2032381207

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT NURSES' FOUNDATION, founded in 1983, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $94K represent 77 months of operating reserves.

Mission

CNF IS ORGANIZED & OPERATED TO SUPPORT THE CT NURSES' ASSOCIATIONS EFFORTS TO ENHANCE NURSING & HEALTH CARE. IT CARRIED OUT RESEARCH, SCIENTIFIC, EDUCATIONAL, LITERARY AND CHARITABLE ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $11,089

PROVIDE SCHOLARSHIPS TO NURSES & NURSING STUDENTS FOR EDUCATIONAL PURPOSES AND PUBLICATION OF RESEARCH. THE CNF IS AN ORGANIZATON WHOSE PRIORITIES FOCUS ON - SUPPORTING NURSING EDUCATION & RESEARCH - MAINTAINING AN ARCHIVE & ITEMS OF HISTORICAL IMPORTANCE TO NURSING IN CONNECTICUT - ENSURING THE FUTURE OF NURSING & THE QUALITY OF HEALTH CARE DELIVERY. CNF ENSURES THE AVAILABILITY OF NURSES COMMITTED TO A RESEARCH BASED PRACTICE, WHILE AT THE SAME TIME ADVANCING THE SCIENTIFIC FOUNDATION FOR THE PRACTICE. THE CNF IS COMMITTED TO THE SUPPORT OF ITS NURSING PEERS, MANY OF WHOM COULD NOT ENGAGE IN ACADEMIC PURSUITS WITHOUT FINANCIAL ASSISTANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,599

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,089

Other Expenses $15,209

TOTAL EXPENSES $15,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,599	$19,678	-0.3%
Expenses	$15,209	$20,921	-0.3%
Net Income	$-610	$-1,243	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LEO LE BEL	TRUSTEE	Director	$0	$0	$0
GLENN GOULET	TREASURER	Officer Director	$0	$0	$0
STEPHANIE PAULMENO	SECRETARY	Officer Director	$0	$0	$0
ALISON MORIARTY DALY	TRUSTEE	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$14,599	$15,209	$101,786	$-610
2022	$19,678	$20,921	$98,521	$-1,243
2021	$22,960	$30,340	$99,479	$-7,380
2020	$20,354	$14,532	$104,617	$5,822
2019	$11,770	$13,949	$98,345	$-2,179