NEW JERSEY LEAGUE FOR NURSING
Mission Statement
The New Jersey League for Nursing mission is to promote excellence in nursing education to build a strong and diverse nursing workforce to advance New Jersey’s health at the constituent level and to share best practices and experiences. The NJLN believes in the professional advancement of nursing education and practice through programs and opportunities that address the needs of diverse students, faculty and nurses in a rapidly changing healthcare environment. We believe in the importance of promoting collaboration and forming partnerships with nurses and the consumers we serve. We also believe that NJLN must take measures to positively promote nursing through education, health care coalitions and public recognition of nursing excellence. Our goal is to provide scholarships for nursing education to help new nurses enter the field as well as existing nurses advance in healthcare. We are the longest running nursing Organization in New Jersey with over 100 years as a non-profit supporting nursing and providing a place that includes all who would like to be a member.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.2% | 89.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.8% | 8.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.9 mo | 9.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.2% | 89.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
4.5% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-0.5% | 9.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.1% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $290K | $275K | $134K | 88.2% | 0 |
| 2023 | $277K | $276K | $119K | 45.8% | 0 |
| 2022 | $216K | $231K | $118K | 51.8% | 0 |
| 2021 | $178K | $94K | N/A | — | 0 |
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