Nurses Educational Funds Inc

EIN: 136122744 501(c)(3) Health Care

Brooklyn, NY

Total Revenue
$540,516
Total Expenses
$453,222
Total Assets
$4,160,569
Net Assets
$4,096,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NY
Principal Officer
Ann Vanderberg
Phone
9175248051
Tax Period
2023-09-01 to 2024-08-31

Nurses Educational Funds Inc, founded in 1956, is a small nonprofit in the Health Care sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 16% operating margin.

Mission

Provide funds for nursing education

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $195,769
Program Service Revenue $0
Investment Income $311,519
Other Revenue $33,228
TOTAL REVENUE $540,516

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $93,382
Fundraising Expenses $14,260
Program Expenses $381,572
Other Expenses $59,840
TOTAL EXPENSES $453,222

Year-over-Year Comparison

2023 2022 Change
Revenue $540,516 $384,501 +0.4%
Expenses $453,222 $407,733 +0.1%
Net Income $87,294 $-23,232 -4.8%
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

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Governance

Voting Members
19
Independent Members
19
Employees
1
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
4
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerelyn Weiss Exec. Adminstrator 20.00
$86,061 $0 $86,061
Ann Vanderberg Treasurer 1.00
Officer Director
$0 $0 $0
Allison Adams Director 1.00
Director
$0 $0 $0
Joan Arnold Director 1.00
Director
$0 $0 $0
Judith Ann Vessey Director 1.00
Director
$0 $0 $0
Natalia Cineas Director 1.00
Director
$0 $0 $0
Michele Crespo-Fierro Director 1.00
Director
$0 $0 $0
Edwidge Thomas Vice President 1.00
Officer Director
$0 $0 $0
Kelly Reilly Director 1.00
Director
$0 $0 $0
Joan Marren President 1.00
Officer Director
$0 $0 $0
Rebecca Eddy Secretary 1.00
Officer Director
$0 $0 $0
Mathy Mezey Director 1.00
Director
$0 $0 $0
Roseanne Raso Director 1.00
Director
$0 $0 $0
Thelma Schorr Director 1.00
Director
$0 $0 $0
Cynthia Sculco Director 1.00
Director
$0 $0 $0
Lawrence Siegel Director 1.00
Director
$0 $0 $0
Henry Spencer Director 1.00
Director
$0 $0 $0
Madeleine S Sugimoto Director 1.00
Director
$0 $0 $0
Philip J Ryan Director 1.00
Director
$0 $0 $0
Victoria Weiss Director 1.00
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 $540,516 $453,222 $4,160,569 $87,294
2023 $384,501 $407,733 $3,742,547 $-23,232
2022 $397,378 $352,046 $3,870,634 $45,332
2021 $381,032 $297,714 $4,187,260 $83,318
2020 $488,578 $282,364 $3,450,398 $206,214
2019 $672,122 $251,795 $3,522,846 $420,327
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