NATIONAL FORUM OF NURSING WORKFORCE CENTERS

EIN: 461452701 501(c)(3) Health Care

Holt, MI

Total Revenue
$411,255
Total Expenses
$299,299
Total Assets
$218,825
Net Assets
$218,825
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
Rayna Letourneau
Phone
2187911461
Tax Period
2025-01-01 to 2025-12-31

NATIONAL FORUM OF NURSING WORKFORCE CENTERS, founded in 2014, is a small nonprofit in the Health Care sector that reported $411K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 27% operating margin.

Mission

The National Forum of State Nursing Workforce Centers leads a network of experts dedicated to ensuring a robust nursing workforce.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $102,415
Program Service Revenue $308,143
Investment Income $697
Other Revenue $0
TOTAL REVENUE $411,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,793
Other Expenses $299,299
TOTAL EXPENSES $299,299

Year-over-Year Comparison

2025 2024 Change
Revenue $411,255 $311,070 +0.3%
Expenses $299,299 $259,943 +0.2%
Net Income $111,956 $51,127 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
229

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rayna Letourneau President 5.00
Officer
$0 $0 $0
Jay Prosser Member at Large 3.00
Director
$0 $0 $0
Edward Burns Member at Large 3.00
Director
$0 $0 $0
Yetty Shobo Member at Large 3.00
Director
$0 $0 $0
Jennifer Eccles Secretary 4.00
Officer
$0 $0 $0
Ingrid Johnson President-Elect 4.00
Officer
$0 $0 $0
Katie Gaul Treasurer 4.00
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 $411,255 $299,299 $218,825 $111,956
2024 No data No data No data No data
2023 $243,933 $269,636 $87,268 $-25,703
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NATIONAL FORUM OF NURSING WORKFORCE CENTERS with other nonprofits in Michigan and across the country.