40 & 8 GEORGE B BOLAND NURSES TRAINING TRUST DTD 11/16/76

EIN: 356317037 501(c)(3)

MUNCIE, IN

Total Revenue
$76,307
Total Expenses
$60,496
Total Assets
$1,264,759
Net Assets
$1,264,759
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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
1976
Legal Domicile
IN
Phone
7657471551
Tax Period
2023-11-01 to 2024-10-31

40 & 8 GEORGE B BOLAND NURSES TRAINING TRUST DTD 11/16/76, founded in 1976, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 21% operating margin.

Mission

TO PROVIDE NURSING EDUCATIONAL SCHOLARSHIPS TO CHILDREN OF MILITARY VETERANS

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,241
Program Service Revenue $0
Investment Income $34,066
Other Revenue $0
TOTAL REVENUE $76,307

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $10,831
Fundraising Expenses $0
Program Expenses $44,066
Other Expenses $19,665
TOTAL EXPENSES $60,496

Year-over-Year Comparison

2023 2022 Change
Revenue $76,307 $161,362 -0.5%
Expenses $60,496 $41,398 +0.5%
Net Income $15,811 $119,964 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 5.00
$10,831 $0 $10,831
FRANK CAMPO OFFICER N/A
Officer
$0 $0 $0
DON EMLEY OFFICER N/A
Officer
$0 $0 $0
MARK MOOTS OFFICER N/A
Officer
$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 $76,307 $60,496 $1,264,759 $15,811
2023 $161,362 $41,398 $1,248,948 $119,964
2022 $196,521 $41,939 $1,128,984 $154,582
2021 $77,964 $39,584 $974,402 $38,380
2020 $71,255 $43,205 $936,022 $28,050
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