HAITI NURSING FOUNDATION INC (EIN 260107365) - 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

2005

Legal Domicile

Principal Officer

THOM BALES

Phone

7348876359

Tax Period

2023-08-01 to 2024-07-31

HAITI NURSING FOUNDATION INC, founded in 2005, is a small nonprofit in the International Affairs sector that reported $468K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $438,258

Program Service Revenue $0

Investment Income $33,994

Other Revenue $-4,615

TOTAL REVENUE $467,637

Expense Breakdown

Grants Paid $262,494

Salaries & Benefits $145,353

Fundraising Expenses $29,605

Program Expenses $349,454

Other Expenses $56,401

TOTAL EXPENSES $464,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,637	$1,297,545	-0.6%
Expenses	$464,248	$627,900	-0.3%
Net Income	$3,389	$669,645	-1.0%

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

$89,047

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOM BALES	EXECUTIVE DI	40.00	Officer	$86,427	$2,620	$89,047
JIM BOELKINS	PRESIDENT	10.00	Officer Director	$0	$0	$0
STUART DEMING	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
SHERRY COGSWELL	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HALL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN RABINOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WALMER	DIRECTOR	2.00	Director	$0	$0	$0
NICK CANDEE	DIRECTOR	1.00	Director	$0	$0	$0
PAT FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
ADA SUE HINSHAW	DIRECTOR	1.00	Director	$0	$0	$0
DONNA MARTSOLF	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE POHL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY RONDEL	DIRECTOR	1.00	Director	$0	$0	$0
LARIDER RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
BOB SLOANE	DIRECTOR	1.00	Director	$0	$0	$0
LORNA WILLIAMS	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
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

HAITI NURSING FOUNDATION INC