THE MIDWEST NURSING RESEARCH SOCIETY FOUNDATION

EIN: 262252480 501(c)(3) Health Care

TYSONS, VA

Total Revenue
$55,094
Total Expenses
$42,090
Total Assets
$538,830
Net Assets
$537,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IL
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

THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPORT NURSING RESEARCH. THE VISION OF THE FOUNDATION IS TO ADVANCE AND SUPPORT RESEARCH, RESEARCH UTILIZATION, AND RESEARCH CAREERS.

Program Service Accomplishments

Program 1
Expenses: $14,722

TO PROVIDE FUNDING FOR NURSING RESEARCH CONDUCTED BY NURSING PROFESSIONALS.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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