Foundation of New York State Nurses Inc
Nonprofit profile at a glance
- EIN
- 510183509
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Guilderland, NY, USA
- Phone
- 5184567858
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $328,571
- Expenses
- $505,927
- Assets
- $1,651,527
- Liabilities
- $298,331
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JOAN MADDEN WILSON MA RN (PRESIDENT)
- CECILIA MULVEY PHD RN (VICE PRESIDENT)
- DEBORAH ELLIOTT (EXECUTIVE DIRECTOR)
Highest reported compensation
- DEBORAH ELLIOTT (EXECUTIVE DIRECTOR): $136,327 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The center for nursing at the foundation of New York state nurses promotes nursing leadership, research, and education to enhance the health and wellbeing of new yorkers through preservation of its history and advancement of the profession.
What it reported doing in 2024
The foundation is committed to supporting working professional nurses through mentoring, educational advancement, and promoting research and evidence-based practice to drive excellence in care delivery. The foundation established several centers to benefit the nursingcommunity. Those centers include the bellevue alumnae center for history, catherine a. Welch center for nursing research, st. Luke's hospital school of nursing alumnae center for public education, and the future for nursing New York state action coalition. The foundation alsomanages two funds, which provide scholarships to registered nurses seeking educator positions and research grants with an emphasis on geriatric nursing.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 62.2%; rating input score 62
- Fundraising efficiency: $0.67 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -54%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 3.26; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -4.3% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 62.2% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $315K in reported program spending
- Leadership: top reported pay $136K · 14 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.