TRUMERIT (EIN 232026352) - 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

1977

Legal Domicile

Principal Officer

PETER PREZIOSI

Phone

2152228454

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO VALIDATE THE CREDENTIALS OF FOREIGN EDUCATED HEALTHCARE PROFESSIONALS TO HELP ENSURE PUBLIC SAFETY IN THE DELIVERY OF HEALTH CARE IN THE UNITED STATES, CANADA AND NEW ZEALAND.

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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 $0

Program Service Revenue $42,006,824

Investment Income $3,211,648

Other Revenue $67,263

TOTAL REVENUE $45,285,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,882,025

Fundraising Expenses $0

Program Expenses $24,551,802

Other Expenses $11,451,081

TOTAL EXPENSES $33,333,106

Year-over-Year Comparison

	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%

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

308

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

$1,018,885

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

TRUMERIT