TEXAS NURSES FOUNDATION (EIN 742239886) - Form 990 Financial Analysis & Trantor Score

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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

KRISTEN STARNES-OTT

Phone

5124520645

Tax Period

2024-07-01 to 2025-06-30

TEXAS NURSES FOUNDATION, founded in 1982, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

IMPROVING THE HEALTH OF TEXANS THROUGH CHARITABLE INITIATIVES THAT ADVANCE NURSING PRACTICE, EDUCATION, RESEARCH, AND/OR LEADERSHIP.

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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 $89,824

Program Service Revenue $1,141,930

Investment Income $59,946

Other Revenue $-22,648

TOTAL REVENUE $1,269,052

Expense Breakdown

Grants Paid $85,009

Salaries & Benefits $1,149,915

Fundraising Expenses $43,269

Program Expenses $1,262,981

Other Expenses $249,977

TOTAL EXPENSES $1,484,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,269,052	$1,205,165	+0.1%
Expenses	$1,484,901	$1,388,771	+0.1%
Net Income	$-215,849	$-183,606	+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

Independent Members

Employees

N/A

Volunteers

175

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

$511,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SERENA BUMPUS	CEO	5.00	Officer	$27,681	$21,318	$242,765
JULIA MENEGAY	COO	6.00	Officer	$23,775	$11,645	$170,144
MARY PAKARINEN	CONTROLLER &	6.25	Officer	$14,948	$3,347	$99,018
BRITTNEY MAJEFSKI	TPAPN DIRECT	40.00	Highest	$134,396	$15,695	$150,091
JACK FRAZEE	DIR. OF GOV	3.75	Highest	$11,445	$27,956	$150,036
LAURA KINCHELOE	DIRECTOR OF	5.00	Highest	$15,135	$17,031	$138,107
BRANDON BREDIMUS	PRESIDENT	1.50	Officer Director	$0	$0	$0
EDTRINA MOSS	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
TAMMY EADES	SECRETARY	1.50	Officer Director	$0	$0	$0
GAYLE DASHER	TREASURER	1.50	Officer Director	$0	$0	$0
BARBARA ARANDA-NARANJO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN STARNES-OTT	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DENNY	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KUMURA	DIRECTOR	1.00	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	$1,269,052	$1,484,901	$1,956,004	$-215,849
2024	$1,205,165	$1,388,771	$2,088,345	$-183,606
2023	$1,240,517	$1,117,706	$2,221,760	$122,811
2022	$1,190,405	$1,187,936	$2,060,678	$2,469
2021	$1,193,355	$1,170,809	$2,187,949	$22,546
2020	$1,214,648	$1,143,851	$2,047,458	$70,797
2019	$1,236,892	$1,143,809	$2,021,279	$93,083
2018	$1,415,779	$1,152,592	$1,896,300	$263,187

TEXAS NURSES FOUNDATION