NURSETRUST INC

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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

2018

Legal Domicile

Principal Officer

KATHY DAVIS

Phone

8595149164

Tax Period

2024-01-01 to 2024-12-31

NURSETRUST INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $339K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $306K left a modest 10% surplus.

Mission

THE MISSION OF NURSETRUST IS TO INSPIRE AND ENABLE NURSING LEADERS TO GROW, COLLABORATE, AND TRANSFORM HEALTH AND HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $152,986 Revenue: $39,200

ENGAGE NURSES IN LIFE-CHANGING LEADERSHIP THROUGH ITS MEMBER PROGRAMS AND ANNUAL SUMMIT.

Program 2

Expenses: $60,565 Revenue: $120,000

IN 2022, THE ORGANIZATION LAUNCHED A FELLOWSHIP THAT WILL HELP TO ENSURE A PIPELINE OF NURSE LEADERS IS DEVELOPED AND SUSTAINED IN ORDER FOR NURSING TO BE FULL PARTNERS IN DECISION MAKING RELATED TO THE HEALTH OF OUR POPULATION AND OUR HEALTH CARE SYSTEM. THE FELLOWSHIP PROGRAM CONTINUED INTO 2023 WITH 17 FELLOWS AND INTO 2024 WITH 24 FELLOWS.

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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 $179,295

Program Service Revenue $159,200

Investment Income $216

Other Revenue $0

TOTAL REVENUE $338,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,400

Program Expenses $213,551

Other Expenses $306,027

TOTAL EXPENSES $306,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,711	$312,619	+0.1%
Expenses	$306,027	$256,984	+0.2%
Net Income	$32,684	$55,635	-0.4%

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

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
MARYJOAN LADDEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHY DAVIS	PRESIDENT - ELECT	3.00	Officer Director	$0	$0	$0
KATE FIANDT	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
JUNE ALTARAS	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
STEPHANIE BENNETT	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
ANN CARY	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
ERIN DENHOLM	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
WARREN HEBERT	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
D'ANN SOMERALL	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
JERRY SPICER	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
KELLY STAMP	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
ALANNA KAVANAUGH	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
FRAN ROBERTS	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
MARY LOU DE LEON SIANTZ	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
JUDY BEAL	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
JOY DEUPREE	TREASURER	1.00	Officer Director	$0	$0	$0
MARY KAY VANDRIEL	PAST PRESIDENT	0.50	Officer 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	No data	No data	No data	No data
2024	$338,711	$306,027	$196,993	$32,684
2023	$312,619	$256,984	$180,295	$55,635