HAITI NURSING FOUNDATION INC

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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

2005

Legal Domicile

Principal Officer

THOM BALES

Phone

7348876359

Tax Period

2024-08-01 to 2025-07-31

HAITI NURSING FOUNDATION INC, founded in 2005, is a small nonprofit in the International Affairs sector that reported $422K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $529K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF HAITI NURSING FOUNDATION IS TO IMPROVE HEALTH IN THE REPUBLIC OF HAITI BY SUPPORTING QUALITY NURSING EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $381,862

THE MISSION OF HAITI NURSING FOUNDATION IS TO IMPROVE HEALTH IN THE REPUBLIC OF HAITI BY SUPPORTING QUALITY 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $404,161

Program Service Revenue $0

Investment Income $28,215

Other Revenue $-10,277

TOTAL REVENUE $422,099

Expense Breakdown

Grants Paid $308,841

Salaries & Benefits $160,286

Fundraising Expenses $25,187

Program Expenses $381,862

Other Expenses $60,093

TOTAL EXPENSES $529,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,099	$467,637	-0.1%
Expenses	$529,220	$464,248	+0.1%
Net Income	$-107,121	$3,389	-32.6%

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

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

$100,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOM BALES	EXECUTIVE DI	40.00	Officer	$94,280	$6,600	$100,880
JIM BOELKINS	PRESIDENT	10.00	Officer Director	$0	$0	$0
STUART DEMING	TREASURER	2.00	Officer Director	$0	$0	$0
NICK CANDEE	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY COGSWELL	DIRECTOR	2.00	Director	$0	$0	$0
PAT FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HALL	DIRECTOR	1.00	Director	$0	$0	$0
ADA SUE HINSHAW	DIRECTOR	1.00	Director	$0	$0	$0
DONNA MARTSOLF	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANNE POHL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN RABINOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
NANCY RONDEL	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ANNA SANON ROSEMBERG	DIRECTOR	1.00	Director	$0	$0	$0
LARIDER RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WALMER	DIRECTOR	2.00	Director	$0	$0	$0
JANET WEEDA	DIRECTOR	1.00	Director	$0	$0	$0
LORNA WILLIAMS-ROLLEY	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
2025	$422,099	$529,220	$1,088,702	$-107,121
2024	$467,637	$464,248	$1,105,610	$3,389
2023	$1,297,545	$627,900	$1,195,525	$669,645
2022	$569,999	$559,067	$396,881	$10,932
2021	$353,655	$386,841	$402,522	$-33,186
2020	$569,639	$607,881	$447,261	$-38,242
2019	$552,300	$396,806	$255,221	$155,494
2018	$575,777	$605,205	$232,813	$-29,428