NURSING FOUNDATION OF PENNSYLVANIA

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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

1984

Legal Domicile

Principal Officer

WAYNE REICH JR

Phone

7178274369

Tax Period

2024-07-01 to 2025-06-30

NURSING FOUNDATION OF PENNSYLVANIA, founded in 1984, is a small nonprofit in the Human Services sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 36% operating margin.

Mission

TO BE THE PREMIER CHARITABLE ORGANIZATION FOR NURSES IN PENNSYLVANIA BY ADVANCING THE EDUCATIONAL AND PROFESSIONAL STANDARDS OF NURSING AND THE NURSING PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $45,399 Revenue: $0

THE NURSING FOUNDATION OF PENNSYLVANIA (NFP) STRENGTHENS THE NURSING PIPELINE, SUPPORTS WORKFORCE DEVELOPMENT AS WELL AS ENGAGES, CONNECTS, AND CELEBRATES NURSES AND RECOGNIZES THEIR MEANINGFUL...

THE NURSING FOUNDATION OF PENNSYLVANIA (NFP) STRENGTHENS THE NURSING PIPELINE, SUPPORTS WORKFORCE DEVELOPMENT AS WELL AS ENGAGES, CONNECTS, AND CELEBRATES NURSES AND RECOGNIZES THEIR MEANINGFUL IMPACT ON THE LIVES OF INDIVIDUALS AND COMMUNITIES. NFP ADVANCES THE NURSING EDUCATION BY AWARDING SCHOLARSHIPS TO QUALIFIED INDIVIDUALS PURSUING STUDY, INSTRUCTION, AND RESEARCH IN THE FIELD OF NURSING. THE ORGANIZATION ADMINISTERS 16 SCHOLARSHIP FUNDS, INCLUDING DONOR-RESTRICTED AND ENDOWED FUNDS, AND SUPPORTS STUDENTS THROUGHOUT THE COMMONWEALTH.

Program 2

Expenses: $36,500 Revenue: $0

IN 2024-2025, NFP AWARDED 21 SCHOLARSHIPS AS FOLLOWS: - FOUR FROM THE ABINGTON-DIXON HOSPITAL SCHOOL OF NURSING ENDOWMENT - TWO FROM THE ANN AND MARK BAIADA SCHOLARSHIP FUND - TWO FROM THE BOARD...

IN 2024-2025, NFP AWARDED 21 SCHOLARSHIPS AS FOLLOWS: - FOUR FROM THE ABINGTON-DIXON HOSPITAL SCHOOL OF NURSING ENDOWMENT - TWO FROM THE ANN AND MARK BAIADA SCHOLARSHIP FUND - TWO FROM THE BOARD DESIGNATED FUND - ONE FROM THE EVELYN BENSON SCHOLARSHIP FUND - FOUR FROM THE ALBERT EINSTEIN MEDICAL CENTER SCHOOL OF NURSING SCHOLARSHIP FUND - FOUR FROM THE JOANNE GOSS MEMORIAL SCHOLARSHIP FUND - ONE FROM THE FLORENCE MADDEN GRADY-FASICK FUND - ONE FROM THE JACKSON GRAHAM MEMORIAL FUND - TWO FROM THE THETA ETA ETA CHAPTER FUNDALL OTHER SCHOLARSHIP FUNDS CONTINUE TO RECEIVE DONATIONS THROUGHOUT THE YEAR.SCHOLARSHIPS ARE BLIND REVIEWED BY REVIEWERS.

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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 $198,382

Program Service Revenue $0

Investment Income $76,018

Other Revenue $-7,340

TOTAL REVENUE $267,060

Expense Breakdown

Grants Paid $36,500

Salaries & Benefits $88,322

Fundraising Expenses $65,273

Program Expenses $81,899

Other Expenses $46,084

TOTAL EXPENSES $170,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,060	$174,501	+0.5%
Expenses	$170,906	$151,426	+0.1%
Net Income	$96,154	$23,075	+3.2%

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

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

$116,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE ALICHNIE PHDRN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARILYN HARRIS MSNRNNEA-BC	VICE PRESIDENT	3.50	Officer Director	$0	$0	$0
ORALIA DOMINIC PHDMSMA	SECRETARY	3.50	Officer Director	$0	$0	$0
ANNA TERESA BICKERT DNPRN	TREASURER	3.50	Officer Director	$0	$0	$0
STEPHANIE INGALSBE LPN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHANEL HART MSNRN	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY MCCULLOUGH MSNRN	BOARD MEMBER	3.50	Director	$0	$0	$0
THOMAS MURT EDD	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER PARTYKA MSNRN	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN SCHAUERMAN BSNRNC-NIC	BOARD MEMBER	2.00	Director	$0	$0	$0
RUTH PHILLIPS MSBSNRBOCNBCMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARETE ZALON PHDRNACNS-BCFAAN	BOARD MEMBER (UNTIL 12/24)	2.00	Director	$0	$0	$0
WAYNE REICH JR	CEO	2.00	Officer	$0	$6,464	$116,975

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	$267,060	$170,906	$1,101,075	$96,154
2024	No data	No data	No data	No data
2023	$90,107	$150,123	$926,883	$-60,016
2022	$342,759	$151,258	$856,443	$191,501
2021	$116,675	$136,402	$1,099,164	$-19,727
2020	$578,242	$136,797	$857,792	$441,445