PROFESSIONAL REGISTERED NURSES

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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

1982

Legal Domicile

Principal Officer

HAILEY OLSICK

Phone

9894508107

Tax Period

2024-06-01 to 2025-05-31

PROFESSIONAL REGISTERED NURSES, founded in 1982, is a small nonprofit that reported $220K in total revenue in fiscal year 2024.

Mission

TO REPRESENT REGISTERED NURSES IN UNION CONTRACT NEGOTIATIONS AND GRIEVANCES.

Program Service Accomplishments

Program 1

Expenses: $205,710

REPRESENTED REGISTERED NURSES IN UNION CONTRACT NEGOTIATIONS AND GRIEVANCES.

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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 $218,826

Program Service Revenue $0

Investment Income $737

Other Revenue $0

TOTAL REVENUE $219,563

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,710

Other Expenses $222,905

TOTAL EXPENSES $223,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,563	$225,191	0.0%
Expenses	$223,405	$229,866	0.0%
Net Income	$-3,842	$-4,675	-0.2%

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

324

Independent Members

324

Employees

N/A

Volunteers

N/A

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
JENNIFER RUSSELL	VICE PRESIDENT	2.00	Officer	$0	$0	$0
HAILEY OLSICK	PRESIDENT	2.00	Officer	$0	$0	$0
STEVEN KNOPP	TREASURER	2.00	Officer	$0	$0	$0
MICHAEL SOCIER	COMMUNICATION LIAISON	2.00	Officer	$0	$0	$0
TAYLOR LICHON	SECRETARY	2.00	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
2025	$219,563	$223,405	$209,797	$-3,842
2024	$225,191	$229,866	$213,639	$-4,675
2023	$219,672	$215,778	$218,314	$3,894
2022	$264,853	$244,179	$214,420	$20,674
2020	$274,647	$262,036	$162,719	$12,611
2019	$295,280	$304,729	$150,108	$-9,449