COMMITTEE FOR RECOGNITION OF NURSING ACHIEVEMENT (EIN 942459862) - 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

1964

Legal Domicile

Principal Officer

COLLEEN BORGES

Phone

6503660156

Tax Period

2023-01-01 to 2023-12-31

COMMITTEE FOR RECOGNITION OF NURSING ACHIEVEMENT, founded in 1964, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

PROMOTE THE WELFARE AND WORKING CONDITION OF MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,003,323

Investment Income $126,256

Other Revenue $41,743

TOTAL REVENUE $4,171,322

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,849,290

Fundraising Expenses $0

Other Expenses $731,831

TOTAL EXPENSES $2,591,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,171,322	$3,017,482	+0.4%
Expenses	$2,591,121	$3,936,329	-0.3%
Net Income	$1,580,201	$-918,847	-2.7%

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

N/A

Employees

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

$1,021,021

Total Directors

$1,021,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN BORGES	PRESIDENT	67.54	Officer Director	$230,447	$0	$230,447
JOLIVETTE ENRIQUEZ	TREASURER	61.42	Officer Director	$205,835	$0	$205,835
EILEEN PACHKOFSKY	VICE PRESIDENT	34.16	Officer Director	$112,107	$0	$112,107
MICHAEL WEILAND	NURSE ADVOCATE	22.87	Officer Director	$72,623	$0	$72,623
NANCY USCHERSOHN	NURSE ADVOCATE-RETIRED	22.82	Officer Director	$70,778	$0	$70,778
CHRISTI DECENA	NURSE ADVOCATE-RETIRED	23.18	Officer Director	$68,030	$0	$68,030
ANNAMARIE VARO	SECRETARY	18.82	Officer Director	$57,875	$0	$57,875
JANELLE SIMPSON	NURSE ADVOCATE	7.0	Officer Director	$43,535	$0	$43,535
RACHEL GRATZ-BEKEN	NURSE ADVOCATE	5.29	Officer Director	$32,966	$0	$32,966
KATHERINE STORMBERG	Vice President	9.88	Officer Director	$30,430	$0	$30,430
GERALYN MARTINEZ	NURSE ADVOCATE	7.0	Officer Director	$29,725	$0	$29,725
Bonnie Balfour	NURSE ADVOCATE	9.5	Officer Director	$29,012	$0	$29,012
KIMBERLEY REED	ORIENTATION SPECIALIST-PAST	7.04	Officer Director	$22,153	$0	$22,153
MEREDITH HOLDER	LEGISLATIVE REPRESENTATIVE	1.0	Officer Director	$8,383	$0	$8,383
Kate E Gardiner-Past	Legislative Representative	1.0	Officer Director	$7,122	$0	$7,122

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	$4,171,322	$2,591,121	$6,703,503	$1,580,201
2022	$3,017,482	$3,936,329	$5,123,302	$-918,847
2021	$3,037,198	$1,998,978	$6,042,149	$1,038,220
2020	$2,748,075	$1,913,157	$5,003,929	$834,918
2019	$2,422,105	$2,364,753	$4,169,011	$57,352
2018	$2,267,689	$1,381,117	$4,111,659	$886,572

COMMITTEE FOR RECOGNITION OF NURSING ACHIEVEMENT