NURSES HOUSE INC

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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

1924

Legal Domicile

Principal Officer

DEBORAH ELLIOTT

Phone

5182408008

Tax Period

2024-01-01 to 2024-12-31

NURSES HOUSE INC, founded in 1924, is a small nonprofit that reported $266K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $444K exceeded revenue, resulting in a 67% operating deficit.

Mission

PROVIDE SHORT-TERM FINANCIAL ASSISTANCE AND RELATED INFORMATION, GUIDANCE, AND REFERRAL TO NURSES IN NEED AS A RESULT OF INJURY, ILLNESS, DISABILITY, OR OTHER DIFFICULTY.

Program Service Accomplishments

Program 1

Expenses: $323,623

SHORT-TERM FINANCIAL ASSISTANCE AND RELATED INFORMATION, GUIDANCE, AND REFERRAL TO NURSES IN NEED AS A RESULT OF INJURY, ILLNESS, DISABILITY, OR OTHER DIFFICULTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $227,565

Program Service Revenue $0

Investment Income $12,897

Other Revenue $25,439

TOTAL REVENUE $265,901

Expense Breakdown

Grants Paid $204,693

Salaries & Benefits $0

Fundraising Expenses $87,616

Program Expenses $323,623

Other Expenses $239,314

TOTAL EXPENSES $444,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,901	$527,352	-0.5%
Expenses	$444,007	$451,231	0.0%
Net Income	$-178,106	$76,121	-3.3%

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

N/A

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
ILENE SUSSMAN	PRESIDENT	Officer Director	$0	$0	$0
ELIZABETH MAHONEY	VICE PRESIDENT	Officer Director	$0	$0	$0
JAMES WEIDEL	TREASURER	Officer Director	$0	$0	$0
KIMBERLY VELEZ	INTERIM SECRETARY	Officer Director	$0	$0	$0
NOREEN BRENNAN	DIRECTOR	Director	$0	$0	$0
KAREN BALLARD	DIRECTOR	Director	$0	$0	$0
MARY ANNE GALLAGHER	DIRECTOR	Director	$0	$0	$0
CAROLEE HILDENBRANDT	DIRECTOR	Director	$0	$0	$0
GERTRUDE HUTCHINSON	DIRECTOR	Director	$0	$0	$0
PATRICIA MYRON	DIRECTOR	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
2024	$265,901	$444,007	$626,501	$-178,106