Connecticut Nurses Foundation
Nonprofit profile at a glance
- EIN
- 060302545
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- East Berlin, CT, USA
- Phone
- 2032381207
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $33,856
- Expenses
- $17,826
- Assets
- $111,609
- Liabilities
- $500
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- GLADYS VALLESPIR ELLETT (PRESIDENT)
- CASSANDRA ESPOSITO (CNA PRESIDENT)
- KIMBERLY SANDOR (EXECUTIVE DIRECTOR)
People named in this filing
- GLADYS VALLESPIR ELLETT (PRESIDENT)
- STEPHANIE PAULMENO (TREASURER)
- JOAN MCNIEL (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cnf is organized & operated to support the ct nurses' associations efforts to enhance nursing & health care. It carried out research, scientific, educational, literary and charitable activities.
What it reported doing in 2024
Provide scholarships to nurses & nursing students for educational purposes and publication of research. The cnf is an organizaton whose priorities focus on - supporting nursing education & research - maintaining an archive & items of historical importance to nursing in Connecticut - ensuring the future of nursing & the quality of health care delivery. Cnf ensures the availability of nurses committed to a research based practice, while at the same time advancing the scientific foundation for the practice. The cnf is committed to the support of its nursing peers, many of whom could not engage in academic pursuits without financial assistance.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 92
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.3%; rating input score 38
- Program expense ratio: 72.7%; rating input score 73
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 47.3%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 6.26; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 12.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 38.3% of revenue deployed · 72.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $13K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.