Institute for Nursing Inc
Nonprofit profile at a glance
- EIN
- 222259791
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Trenton, NJ, USA
- Phone
- 6098838335
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $709,941
- Expenses
- $899,682
- Assets
- $884,367
- Liabilities
- $1,278,542
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JUDY SCHMIDT (CEO)
Highest reported compensation
- JUDY SCHMIDT (CEO): $146,620 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the profession of nursing, advance the practice of nursing and advocate for nurses. The mission is achieved through the activities of its members in education, policy development, leadership, professional representation, and workplace advocacy.
What it reported doing in 2024
The recovery and monitoring program (ramp) was established in 2003 as an alternative to discipline program, managed by the institute for nursing for the New Jersey board of nursing. Ramp is a confidential, voluntary program that works with the board of nursing, employers, and nurses to ensure public safety, safe practice, and health. It is designed to encourage health professionals to seek a recovery program before their impairment harms a patient or damages their careers through a disciplinary action. The New Jersey state board of nursing refers nurses who qualify to ramp for monitoring as an alternative to disciplinary action. Ramp participation is also part of the reinstatement process for nurses with a licensing action. The institute is dedicated to proliferation of high quality continuing nursing education and professional development. The mission of njsna is to promote the profession of nursing, advance the practice of nursing and advocate for nurses njsna achieves its mission through education, policy development, leadership, professional representation, and workplace advocacy representation, and workplace advocacy.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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 a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 93
- Accountability: 95
- Sustainability: 23
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 62.6%; rating input score 63
- Fundraising efficiency: $0.39 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.7%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 1.45; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 0% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 77.9% of revenue deployed · 62.6% of spending went to programs
- Governance: 10 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $563K in reported program spending
- Leadership: top reported pay $147K · 11 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 2/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.