NurseTRUST
Legal name: Nursetrust Inc
Nonprofit profile at a glance
- EIN
- 824829675
- IRS 990 coverage
- 2023–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-EZ 2022, Form 990-N 2021
- Location
- Lexington, KY, USA
- Phone
- 859.514.9164
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nursing Services (General)
Reported finances
- Revenue
- $290,825
- Expenses
- $277,237
- Assets
- $216,082
- Liabilities
- $50,751
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KATHY DAVIS (PRESIDENT)
- MARYJOAN LADDEN (PAST PRESIDENT)
People named in this filing
- KATHY DAVIS (PRESIDENT)
- MARYJOAN LADDEN (PAST PRESIDENT)
- ERIN DENHOLM (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. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
NurseTRUST's mission is to develop and support nurse leaders who will transform health and healthcare.
What it reported doing in 2025
Fellowship program: the organization administers a fellowship that develops a pipeline of nurse leaders in order for nursing to be full partners in decision making related to the health of our population and our health care system. The fellowship program continued into 2025 reaching a total of 59 fellows and 108 mentors.
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 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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.5%; rating input score 68
- Program expense ratio: 71.8%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.7%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 19.1% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 25.9% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 68.5% of revenue deployed · 71.8% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $199K in reported program spending
- Leadership: top reported pay $0 · 22 people listed
- Highest-paid contractors: 1 contractor listed · $151K reported
- Consistency: 20 of 20 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.