INSTITUTE FOR NURSING INC

EIN: 222259791 501(c)(3) Education

TRENTON, NJ

Total Revenue
$709,941
Total Expenses
$899,682
Total Assets
$884,367
Net Assets
$-394,175
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NJ
Principal Officer
JUDITH SCHMIDT
Phone
6098838335
Tax Period
2024-06-01 to 2025-05-31

INSTITUTE FOR NURSING INC, founded in 1978, is a small nonprofit in the Education sector that reported $710K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $900K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROMOTE THE PROFESSION OF NURSING, ADVANCE THE PRACTICE OF NURSING AND ADVOCATE FOR NURSES. THE MISSION IS ACHIEVED THROUGH THE ACTIVITIES OF ITS MEMBERS IN EDUCATION, POLICY DEVELOPMENT, LEADERSHIP, PROFESSIONAL REPRESENTATION, AND WORKPLACE ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $563,082 Revenue: $564,658

THE RECOVERY AND MONITORING PROGRAM (RAMP) WAS ESTABLISHED IN 2003 AS AN ALTERNATIVE TO DISCIPLINE PROGRAM, MANAGED BY THE INSTITUTE FOR NURSING FOR THE NEW JERSEY BOARD OF NURSING. RAMP IS A...

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THE RECOVERY AND MONITORING PROGRAM (RAMP) WAS ESTABLISHED IN 2003 AS AN ALTERNATIVE TO DISCIPLINE PROGRAM, MANAGED BY THE INSTITUTE FOR NURSING FOR THE NEW JERSEY BOARD OF NURSING. RAMP IS A CONFIDENTIAL, VOLUNTARY PROGRAM THAT WORKS WITH THE BOARD OF NURSING, EMPLOYERS, AND NURSES TO ENSURE PUBLIC SAFETY, SAFE PRACTICE, AND HEALTH. IT IS DESIGNED TO ENCOURAGE HEALTH PROFESSIONALS TO SEEK A RECOVERY PROGRAM BEFORE THEIR IMPAIRMENT HARMS A PATIENT OR DAMAGES THEIR CAREERS THROUGH A DISCIPLINARY ACTION. THE NEW JERSEY STATE BOARD OF NURSING REFERS NURSES WHO QUALIFY TO RAMP FOR MONITORING AS AN ALTERNATIVE TO DISCIPLINARY ACTION. RAMP PARTICIPATION IS ALSO PART OF THE REINSTATEMENT PROCESS FOR NURSES WITH A LICENSING ACTION. THE INSTITUTE IS DEDICATED TO PROLIFERATION OF HIGH QUALITY CONTINUING NURSING EDUCATION AND PROFESSIONAL DEVELOPMENT. THE MISSION OF NJSNA IS TO PROMOTE THE PROFESSION OF NURSING, ADVANCE THE PRACTICE OF NURSING AND ADVOCATE FOR NURSES NJSNA ACHIEVES ITS MISSION THROUGH EDUCATION, POLICY DEVELOPMENT, LEADERSHIP, PROFESSIONAL REPRESENTATION, AND WORKPLACE ADVOCACY REPRESENTATION, AND WORKPLACE ADVOCACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,532
Program Service Revenue $563,158
Investment Income $12,284
Other Revenue $100,967
TOTAL REVENUE $709,941

Expense Breakdown

Grants Paid $19,500
Salaries & Benefits $635,601
Fundraising Expenses $86,596
Program Expenses $563,082
Other Expenses $244,581
TOTAL EXPENSES $899,682

Year-over-Year Comparison

2024 2023 Change
Revenue $709,941 $791,973 -0.1%
Expenses $899,682 $840,927 +0.1%
Net Income $-189,741 $-48,954 +2.9%
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

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Governance

Voting Members
11
Independent Members
10
Employees
6
Volunteers
14

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
3
$146,620
Total Directors
11
$146,620
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY SCHMIDT CEO 17.00
Officer Director
$0 $3,840 $146,620
KRISTIN SAGEDY CHAIR 0.50
Officer Director
$0 $0 $0
MAUREEN CLARK-GALLAGHER TREASURER 0.50
Officer Director
$0 $0 $0
KATE GILLESPIE TRUSTEE 0.50
Director
$0 $0 $0
DELY GO TRUSTEE 0.50
Director
$0 $0 $0
WAYNE HALL TRUSTEE 0.50
Director
$0 $0 $0
MARIA IACONA DIETRICH TRUSTEE 0.50
Director
$0 $0 $0
TIMOTHY MARKS TRUSTEE 0.50
Director
$0 $0 $0
MARY ANNE MARRA TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER SMITH TRUSTEE 0.50
Director
$0 $0 $0
TERI WURMSER TRUSTEE 0.50
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
2025 $709,941 $899,682 $884,367 $-189,741
2024 $791,973 $840,927 $980,499 $-48,954
2023 $763,134 $767,246 $956,031 $-4,112
2022 $799,551 $759,130 $1,036,483 $40,421
2021 $792,166 $819,764 $1,004,159 $-27,598
2020 $741,508 $940,919 $823,574 $-199,411
2019 $1,024,721 $1,242,908 $839,817 $-218,187
2018 $1,027,724 $1,166,139 $946,550 $-138,415
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