ARMY NURSE CORPS ASSOCIATION INC

EIN: 741932584

SAN ANTONIO, TX

Total Revenue
$86,138
Total Expenses
$92,590
Total Assets
$1,735,137
Net Assets
$1,735,137
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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
2005
Legal Domicile
TX
Principal Officer
COL-R KAREN M GAUSMAN
Phone
2103282749
Tax Period
2023-01-01 to 2023-12-31

ARMY NURSE CORPS ASSOCIATION INC, founded in 2005, is a micro nonprofit that reported $86K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 242 months of operating reserves.

Mission

SUPPORT NURSING AND NURSING DEGREE CANDIDATES, ASSIST IN GRANT WRITING, AND ASSIST NURSES IN OBTAINING CERTIFICATION IN SPECIALITIES.

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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 $36,793
Program Service Revenue $100
Investment Income $49,245
Other Revenue $0
TOTAL REVENUE $86,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $92,590
TOTAL EXPENSES $92,590

Year-over-Year Comparison

2023 2022 Change
Revenue $86,138 $159,699 -0.5%
Expenses $92,590 $225,848 -0.6%
Net Income $-6,452 $-66,149 -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
9
Independent Members
1178
Employees
N/A
Volunteers
1178

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL-R KAREN M GAUSMAN PRESIDENT N/A
Officer
$0 $0 $0
COL-R EDWARD E YACKEL VICE PRESIDE N/A
Officer
$0 $0 $0
COL-R ALICE DEMARAIS SECRETARY N/A
Officer
$0 $0 $0
LTC-R CATHERINE SWAFFORD TREASURER N/A
Officer
$0 $0 $0
COL-R LORRAINE FRITZ DIRECTOR N/A
Director
$0 $0 $0
MAJ-R DONNA SMAWLEY DIRECTOR N/A
Director
$0 $0 $0
COL-R ARTHUR WALLACE DIRECTOR N/A
Director
$0 $0 $0
COL-R JANE CARSON DIRECTOR N/A
Director
$0 $0 $0
COL-R JANE RUTLEDGE DIRECTOR N/A
Director
$0 $0 $0
BG-R CLARA L ADAMS-ENDER HONORARY DIR N/A
Director
$0 $0 $0
MG-R NANCY R ADAMS HONORARY DIR N/A
Director
$0 $0 $0
BG-R BETTYE J SIMMONS HONORARY DIR N/A
Director
$0 $0 $0
BG-R WILLIAM T BESTER HONORARY DIR N/A
Director
$0 $0 $0
MG-R GALE S POLLOCK HONORARY DIR N/A
Director
$0 $0 $0
LTG-R PATRICIA D HOROHO HONORARY DIR N/A
Director
$0 $0 $0
MG-R JIMMIE O KEENAN HONORARY DIR N/A
Director
$0 $0 $0
MG-R BARBARA HOLCOMB HONORARY DIR N/A
Director
$0 $0 $0
MG-R DEBORAH C WHEELING HONORARY DIR N/A
Director
$0 $0 $0
MG-R MARY E LINK HONORARY DIR N/A
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
2024 No data No data No data No data
2023 $86,138 $92,590 $1,735,137 $-6,452
2022 $159,699 $225,848 $1,739,943 $-66,149
2021 $102,106 $145,663 $1,826,791 $-43,557
2020 $70,783 $86,697 $1,805,764 $-15,914
2019 $87,711 $100,568 $1,812,178 $-12,857
2018 $79,193 $108,129 $1,721,286 $-28,936
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