Texas Nurses Foundation

Nonprofit profile at a glance

EIN
742239886
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Austin, TX, USA
Phone
5124520645
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$1,269,052
Expenses
$1,484,901
Assets
$1,956,004
Liabilities
$139,160

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

Leadership & pay

16 people listed

Executive titles in this filing

  • SERENA BUMPUS (CEO)
  • BRANDON BREDIMUS (PRESIDENT)

Highest reported compensation

  • SERENA BUMPUS (CEO): $242,765 total reported compensation
  • JULIA MENEGAY (COO): $170,144 total reported compensation
  • BRITTNEY MAJEFSKI (TPAPN DIRECT): $150,091 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 Texas nurses foundation (the "foundation") was established to receive contributions and provide funding to improve the health of texans through charitable initiatives that advance nursing practice, education, research, and/or leadership.

What it reported doing in 2024

The participation evaluation grant description: during the 2024-2025 fiscal year, tpapn provided support through this grant to 102 nurses. Tpapn awarded grants to nurses who met eligibility requirements. Grants in the amount of 50% of the cost of the initial evaluation up to a maximum of 750, were paid directly to the evaluator after the evaluation was complete. Grants were not awarded for re- evaluations or to nurses who had previously received a grant under the policy. The pg25 grant desciption: the funds were originally donor restricted, which were reclassed and requested to be given to another 501c3 organization. The tnf award for tna annual conference: during the 2024-2025 fiscal year, tnf received 29 applications for the tna conference award. The foundation provided support to 2 registered nurses and 1 nursing student through the program. The clair b. Jordan initiative: during the 2024-2025 fiscal year, tnf provided a 2,500 project grant from the cbj initiative to support the tna ebp fellowship program. The grant supplied materials and covered meeting expenses for the cohort of 21 nurses. The tnf excellence in nursing awards: in january 2025, tnf established an award program to recognize seven nurses from across Texas for clinical excellence, rising star, faculty excellence, team excellence, tpapn lighthouse and champion of nursing. Tnf received 53 nominations for these new awards, and honorees were recognized during the tnf gala in june.

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 93% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 28
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $2.08 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 21.8%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 85.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $243K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.