Helene Fuld College of Nursing

Nonprofit profile at a glance

EIN: 133705284
IRS 990 coverage: 2010–2024
Forms available: Form 990 2024
Location: New York, NY, USA
Phone: 2126167200
Rating: 77
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Nursing Services (General)

Official website

Reported finances

Revenue: $19,723,688
Expenses: $17,043,420
Assets: $16,561,420
Liabilities: $4,462,137

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

JOYCE GRIFFIN-SOBEL (PRESIDENT & CEO)

Highest reported compensation

JOYCE GRIFFIN-SOBEL (PRESIDENT & CEO): $387,574 total reported compensation
SANDRA CAROLLO (PROVOST & EXECUTIVE VP): $216,566 total reported compensation
EICKEL ORTIZ (CHIEF OF STAFF): $206,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Helene fuld college of nursing incorporates innovative teaching and learning strategies in order to develop health care professionals who promote the health of individuals, families and communities.

What it reported doing in 2024

Helene fuld college of nursing (the "college") was organized as a not-for-profit corporation through its charter from the board of regents of the university of the state of New York, and is exempt from income taxes under section 501(c)(3) of the internal revenue code. The college is authorized to grant an associate in applied science degree in nursing as well as a bachelor of science degree in nursing.the college's primary sources of revenue are tuition and fees.the college is accredited by the middle states commission on higher education (msche), the associate in applied science program is accredited by the accreditation commission for education in nursing, inc. (acen), and the bachelor of science program is accredited by the commission on collegiate nursing education (ccne).

Operating model

Revenue model: Other-operating. 98% of the money available for current operations came from other operating revenue.
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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

Financial Efficiency: 67
Transparency & Controls: 75
Accountability: 100
Sustainability: 54
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 72%; rating input score 72
Program expense ratio: 80.3%; rating input score 80
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 13.6%; rating input score 74; 74th percentile among comparable filings
Total-asset coverage ratio: 0.97; rating input score 35; 35th percentile among comparable filings
Liabilities to assets ratio: 0.27; rating input score 50; 50th percentile among comparable filings
Officer compensation ratio: 9.3%; rating input score 23; 23rd percentile among comparable filings

Growth

Program expense growth: 10.8% per year; rating input score 100; 73rd percentile among comparable filings
Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
Asset growth: 10% per year; rating input score 100; 65th percentile among comparable filings

Details

Where the money goes: 72% of revenue deployed · 80.3% of spending went to programs
Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $13.7M in reported program spending
Leadership: top reported pay $388K · 28 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $1.9M reported
Consistency: 32 of 32 current checks pass
Schedules: 7 filed schedules · includes major donors, grants, and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 9 filed money-flow records
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
High — Sustainability: Officer compensation ratio scored 23/100.
Review — Sustainability: Liabilities to assets ratio scored 50/100.