NIGHTINGALE FOUNDATION INC
Mission Statement
The mission of Nightingale Foundation is to provide Nightingale College’s nursing students with resources needed for attending and completing their academic programs. The vision of Nightingale Foundation is to improve the nation’s health outcomes, health equity, and eliminate the nursing shortage by increasing access to pre- and post-licensure nursing education by providing resources for traditionally underserved and underrepresented student populations. Through this targeted mission and vision, Nightingale Foundation supports communities holistically by increasing access to education and empowering the future nursing workforce.
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
|
87.6% | 89.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.4% | 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
|
2.8 mo | 9.3 mo |
P10P90
|
Bottom quarter |
|
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
|
100.0% | 89.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
75.0% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
207.1% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-90.2% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $283K | $539K | $124K | 87.6% | 0 |
| 2023 | $162K | $175K | $10K | 100.0% | — |
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