THE MIDWEST NURSING RESEARCH SOCIETY FOUNDATION (EIN 262252480) - 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

2007

Legal Domicile

Principal Officer

Joachim Voss

Phone

6154320098

Tax Period

2024-07-01 to 2025-06-30

THE MIDWEST NURSING RESEARCH SOCIETY FOUNDATION, founded in 2007, is a micro nonprofit in the Health Care sector that reported $55K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $13K, a strong 24% operating margin.

Mission

TO RAISE FUNDS TO SUPPORT NURSING RESEARCh.

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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 $38,048

Program Service Revenue $0

Investment Income $21,135

Other Revenue $-4,089

TOTAL REVENUE $55,094

Expense Breakdown

Grants Paid $11,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,722

Other Expenses $30,140

TOTAL EXPENSES $42,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,094	$50,380	+0.1%
Expenses	$42,090	$47,497	-0.1%
Net Income	$13,004	$2,883	+3.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helen Lach	PAST President	1.0	Officer Director	$0	$0	$0
JOACHIM VOSS	PRESIDENT	1.0	Officer Director	$0	$0	$0
MARILYN FRENN	SECRETARY-TREASURER	1.0	Officer Director	$0	$0	$0
Keela Herr	TRUSTEE	1.0	Director	$0	$0	$0
Marcia Shade	TRUSTEE	1.0	Director	$0	$0	$0
Vida Vizgirda	TRUSTEE	1.0	Director	$0	$0	$0
Diane Von Ah	TRUSTEE AND MNRS TREASURER	1.0	Director	$0	$0	$0
SAID ABUSALEM	TRUSTEE	1.0	Director	$0	$0	$0
Henry Duah	TRUSTEE AND ESN Representative	1.0	Director	$0	$0	$0
Kristine Talley	TRUSTEE AND MNRS TREASURER	1.0	Director	$0	$0	$0
Linda Chlan	TRUSTEE	1.0	Director	$0	$0	$0
Mary Anthony	TRUSTEE	1.0	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	$55,094	$42,090	$538,830	$13,004
2024	$50,380	$47,497	$502,087	$2,883
2023	$52,121	$46,200	$487,652	$5,921
2022	$54,370	$53,311	$515,407	$1,059
2021	$51,501	$40,944	$570,225	$10,557

THE MIDWEST NURSING RESEARCH SOCIETY FOUNDATION