HELENE FULD COLLEGE OF NURSING (EIN 133705284) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

JOYCE GRIFFIN-SOBEL

Phone

2126167200

Tax Period

2023-01-01 to 2023-12-31

HELENE FULD COLLEGE OF NURSING, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $14.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

HELENE FULD COLLEGE OF NURSING IS AN INDEPENDENT SINGLE-PURPOSE INSTITUTION.

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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 $99,226

Program Service Revenue $13,987,970

Investment Income $-50,470

Other Revenue $0

TOTAL REVENUE $14,036,726

Expense Breakdown

Grants Paid $95,418

Salaries & Benefits $8,964,082

Fundraising Expenses $0

Program Expenses $12,589,809

Other Expenses $5,951,774

TOTAL EXPENSES $15,011,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,036,726	$9,911,548	+0.4%
Expenses	$15,011,274	$12,878,387	+0.2%
Net Income	$-974,548	$-2,966,839	-0.7%

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

143

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

$831,010

Total Directors

$232,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C FRAUENTHAL	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RUTH L FISCHBACH	SECRETARY	2.00	Director	$0	$0	$0
HAYWARD S GILL JR	TRUSTEE	2.00	Director	$0	$0	$0
MADHU MAZUMDAR	TRUSTEE	2.00	Director	$0	$0	$0
ALAN S ROEMER	TREASURER	2.00	Director	$0	$0	$0
MARIE KONSTANCE	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA CAROLLO	PROVOST & EXECUTIVE VP	40.00	Officer Director	$202,807	$29,307	$232,114
GRETCHEN HARDERS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN BERTOLOZZI	TRUSTEE	2.00	Director	$0	$0	$0
NATALIA CINEAS	TRUSTEE	2.00	Director	$0	$0	$0
DARA COOK	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE O'NEILL D'AMICO	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE S WOLF	TRUSTEE	2.00	Director	$0	$0	$0
JAMES PAINE	TRUSTEE	2.00	Director	$0	$0	$0
BHANU PATIL	TRUSTEE	2.00	Director	$0	$0	$0
JANICE NISSEN	TRUSTEE	2.00	Director	$0	$0	$0
FISAYO OLAYINKA	TRUSTEE	2.00	Director	$0	$0	$0
ROGER L ANDERSON	CFO	40.00	Officer	$166,719	$28,762	$195,481
JOYCE GRIFFIN-SOBEL	PRESIDENT & CEO	40.00	Officer	$366,535	$36,880	$403,415
EICKEL ORTIZ	CHIEF OF STAFF	40.00	Highest	$157,145	$26,471	$183,616
PAUL GUABAA-AMPONSAH	ASSISTANT DEAN OF SCIENCE	40.00	Highest	$145,215	$22,642	$167,857
BALIRAM RAMKUMARIE	HIGHEST COMPENSATED EMPLOYEE	1.00	Highest	$154,232	$8,951	$163,183
OJADA JOANNA	HIGHEST COMPENSATED EMPLOYEE	1.00	Highest	$154,065	$2,406	$156,471
SCHOENE MATTHEW	HIGHEST COMPENSATED EMPLOYEE	1.00	Highest	$148,984	$13,096	$162,080

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	No data	No data	No data	No data
2023	$14,036,726	$15,011,274	$15,195,828	$-974,548
2022	$9,911,548	$12,878,387	$16,448,775	$-2,966,839
2021	$12,774,425	$10,386,005	$15,101,920	$2,388,420
2020	$10,874,773	$8,753,604	$13,859,868	$2,121,169
2019	$8,350,325	$7,633,938	$10,273,409	$716,387
2018	$7,308,531	$6,697,568	$8,606,423	$610,963

HELENE FULD COLLEGE OF NURSING