PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRUMERIT, founded in 1977, is a mid-sized nonprofit in the Health Care sector that reported $45.3M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12.0M, a strong 26% operating margin.
IN RECOGNITION AND FULFILLMENT OF ITS CHARITABLE, EDUCATIONAL AND SCIENTIFIC MISSION AND TO HELP ENSURE THAT FOREIGN EDUCATED NURSES AND CERTAIN OTHER HEALTHCARE PROFESSIONALS WHO DESIRE TO GAIN EMPLOYMENT WITHIN THE U.S., CANADIAN AND NEW ZEALAND HEALTHCARE DELIVERY SYSTEMS HAVE OBTAINED THE REQUIRED EDUCATION AND TRAINING, AND THEREBY HELPING TO ENSURE THE QUALITY OF HEALTHCARE PROVIDED IN THE U.S., CANADA AND NEW ZEALAND, TRUMERIT PROVIDES A NURSING KNOWLEDGE CERTIFICATION PROGRAM FOR FOREIGN EDUCATED NURSES, AND VARIOUS ASSESSMENT AND VERIFICATION SERVICES OF CREDENTIALS THAT ARE USED BY FEDERAL, STATE AND PROVINCIAL AGENCIES IN MAKING A DETERMINATION WHETHER TO PERMIT THOSE NURSES AND HEALTHCARE PROFESSIONALS TO BECOME ELIGIBLE FOR LICENSURE AND EMPLOYMENT WITHIN THE U.S., CANADIAN AND NEW ZEALAND HEALTHCARE DELIVERY SYSTEMS.
VARIOUS CREDENTIALS EVALUATION SERVICES FOR FOREIGN HEALTHCARE PROFESSIONALS ARE PERFORMED THAT CONSIST OF AN EVALUATION OF FOREIGN LICENSURE AND FOREIGN ACADEMIC RECORDS IN TERMS OF U.S...
VARIOUS CREDENTIALS EVALUATION SERVICES FOR FOREIGN HEALTHCARE PROFESSIONALS ARE PERFORMED THAT CONSIST OF AN EVALUATION OF FOREIGN LICENSURE AND FOREIGN ACADEMIC RECORDS IN TERMS OF U.S. COMPARABILITY AND/OR FOR AUTHENTICITY. DURING THE YEAR APPROXIMATELY 49,900 APPLICATIONS WERE REVIEWED AND ASSESSED AND 42,848 REPORTS WERE ISSUED.
VISASCREEN CERTIFICATION IS PROVIDED UNDER A FEDERAL SCREENING PROGRAM FOR INTERNATIONAL HEALTHCARE PROFESSIONALS SEEKING A U.S. OCCUPATIONAL VISA THAT COMPRISE AN EDUCATIONAL ANALYSIS, LICENSURE...
VISASCREEN CERTIFICATION IS PROVIDED UNDER A FEDERAL SCREENING PROGRAM FOR INTERNATIONAL HEALTHCARE PROFESSIONALS SEEKING A U.S. OCCUPATIONAL VISA THAT COMPRISE AN EDUCATIONAL ANALYSIS, LICENSURE VERIFICATION, AN ENGLISH PROFICIENCY ASSESSMENT, AND IN THE CASE OF NURSES, A TEST OF NURSING KNOWLEDGE. DURING THE YEAR APPROXIMATELY 26,300 APPLICATIONS WERE REVIEWED AND ASSESSED AND 22,384 CERTIFICATES WERE ISSUED.
THE NATIONAL NURSING ASSESSMENT SERVICE IS A PROGRAM TO CREDENTIAL INTERNATIONALLY EDUCATED NURSES WHO SEEK EMPLOYMENT IN THE CANADIAN HEALTHCARE SYSTEM. THE CREDENTIALING UTILIZES CURRICULUM, COURSE...
THE NATIONAL NURSING ASSESSMENT SERVICE IS A PROGRAM TO CREDENTIAL INTERNATIONALLY EDUCATED NURSES WHO SEEK EMPLOYMENT IN THE CANADIAN HEALTHCARE SYSTEM. THE CREDENTIALING UTILIZES CURRICULUM, COURSE SYLLABUS, AND OTHER DOCUMENTS, PRINCIPALLY FROM SOURCE EDUCATIONAL INSTITUTIONS AND AGENCIES, TO EVALUATE THE INTERNATIONALLY EDUCATED NURSE IN TERMS OF CANADIAN NURSING PRACTICE. DURING THE YEAR, APPROXIMATELY 6,400 APPLICATIONS WERE REVIEWED AND ASSESSED AND 6,359 REPORTS WERE ISSUED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $45,285,735 | $57,765,221 | -0.2% |
| Expenses | $33,333,106 | $29,175,595 | +0.1% |
| Net Income | $11,952,629 | $28,589,626 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PETER PREZIOSI | PRESIDENT AND CEO | 40.00 |
Officer
|
$700,000 | $15,314 | $715,314 |
| LEO CLAYBOSS | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$282,494 | $21,077 | $303,571 |
| LEA SIMS | DIRECTOR OF MARKETING | 40.00 |
Highest
|
$261,058 | $19,260 | $280,318 |
| MUKUL BAKHSHI | DIRECTOR OF GOVERNMENT AFF | 40.00 |
Highest
|
$256,058 | $26,094 | $282,152 |
| NISH JAYAMOHAN | DIRECTOR OF INFORMATION TECHNOLOGY | 40.00 |
Highest
|
$249,046 | $15,626 | $264,672 |
| ROBIN JENKINS | DIRECTOR OF ALLIED HEALTH | 40.00 |
Highest
|
$224,498 | $11,753 | $236,251 |
| KRIKOR SIMONIAN | DIRECTOR OF PROJECT MANAGEMENT | 40.00 |
Highest
|
$220,000 | $3,020 | $223,020 |
| FRANKLIN SHAFFER | FORMER PRESIDENT AND CEO, | 0.00 |
|
$235,308 | $0 | $235,308 |
| SELENA ANN GILLES | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| BARBARA GREEN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SYLVAIN TREPANIER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| STACEY OCANDER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SUJA THOMAS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ZAINAB OSAKWE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY L VIDALE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| PAMELA MARALDO | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE FAIRMAN | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACK NEEDLEMAN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LYNWOOD BROOKS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $45,285,735 | $33,333,106 | $77,646,069 | $11,952,629 |
| 2023 | $57,765,221 | $29,175,595 | $67,820,090 | $28,589,626 |
| 2022 | $28,362,316 | $22,214,957 | $45,253,198 | $6,147,359 |
| 2021 | $24,149,572 | $18,664,962 | $30,792,316 | $5,484,610 |
| 2020 | $14,894,589 | $18,606,099 | $24,330,434 | $-3,711,510 |
| 2019 | $18,952,611 | $19,335,414 | $25,571,600 | $-382,803 |
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