Nonprofit · EIN 23-2026352
TRUMERIT
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $45,285,735 | $33,333,106 | $11,952,629 | $77,646,069 | $16,339,595 | $61,306,474 |
| December 31, 2023 | 990 | $57,765,221 | $29,175,595 | $28,589,626 | $67,820,090 | $18,849,037 | $48,971,053 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $42,006,824
- Investment income
- $3,211,648
- Net gain from sales of assets
- $128,924
- Other revenue
- $67,263
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,054,640
- Other salaries and wages
- $17,299,233
- Salaries, compensation and benefits (total)
- $21,882,025
- Professional fundraising fees
- $0
- Legal fees
- $323,927
- Accounting fees
- $38,065
- Occupancy
- $532,939
- Travel
- $506,524
- Depreciation
- $681,639
- Program services (functional)
- $24,551,802
- Management and general (functional)
- $8,781,304
Balance sheet and other
- Total assets, start of year
- $67,820,090
- Total assets, end of year
- $77,646,069
- Total liabilities, end of year
- $16,339,595
- Net assets, end of year
- $61,306,474
- Land, buildings and equipment
- $3,681,283
- Publicly traded securities
- $7,536,375
- Net assets without donor restrictions
- $61,306,474
- Gross receipts
- $46,606,704
- Employees
- 308
- Volunteers
- 76
- Year formed
- 1977
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER PREZIOSI | PRESIDENT AND CEO Officer | 40 | $700,000 | $15,314 |
| LEO CLAYBOSS | CHIEF FINANCIAL OFFICER Officer | 40 | $282,494 | $21,077 |
| MUKUL BAKHSHI | DIRECTOR OF GOVERNMENT AFF Highest-paid employee | 40 | $256,058 | $26,094 |
| LEA SIMS | DIRECTOR OF MARKETING Highest-paid employee | 40 | $261,058 | $19,260 |
| NISH JAYAMOHAN | DIRECTOR OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $249,046 | $15,626 |
| ROBIN JENKINS | DIRECTOR OF ALLIED HEALTH Highest-paid employee | 40 | $224,498 | $11,753 |
| FRANKLIN SHAFFER | FORMER PRESIDENT AND CEO, Former | 0 | $235,308 | $0 |
| KRIKOR SIMONIAN | DIRECTOR OF PROJECT MANAGEMENT Highest-paid employee | 40 | $220,000 | $3,020 |
| SELENA ANN GILLES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARBARA GREEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SYLVAIN TREPANIER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STACEY OCANDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUJA THOMAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ZAINAB OSAKWE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIMOTHY L VIDALE | TRUSTEE Trustee or director | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA MARALDO | CHAIR Trustee or director, Officer | 2 | $0 |
| JULIE FAIRMAN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JACK NEEDLEMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| LYNWOOD BROOKS | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANKLIN SHAFFER | FORMER PRESIDENT AND CEO, RETIRED Former | 40 | $626,772 | $944 |
| PETER PREZIOSI | CURRENT PRESIDENT/CEO CHIE Officer | 40 | $480,769 | $16,643 |
| LEO CLAYBOSS | CHIEF FINANCIAL OFFICER Officer | 40 | $315,527 | $13,129 |
| MUKUL BAKHSHI | DIRECTOR OF GOVERNMENT AFF Highest-paid employee | 40 | $225,618 | $13,014 |
| BOB MOLDOFF | CHIEF INFORMATION TECHNOLO Highest-paid employee | 40 | $231,112 | $245 |
| ROBIN JENKINS | DIRECTOR OF ALLIED HEALTH Highest-paid employee | 40 | $213,808 | $11,304 |
| SELENA ANN GILLES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARBARA GREEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SYLVAIN TREPANIER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIE TROCCHIO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LEAH BINDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAULE VALERY JOSEPH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIMOTHY L VIDALE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAMELA MARALDO | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JULIE FAIRMAN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JACK NEEDLEMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LYNWOOD BROOKS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3600 MARKET ST STE 400, PHILADELPHIA, PA 19104-2647
- Principal officer (990 for 2024)
- PETER PREZIOSI, 3600 MARKET STREET SUITE 400, PHILADELPHIA, PA 19104
- Signed the 990
- LEO CLAYBOSS, CHIEF FINANCIAL OFFICER
- Phone
- (215) 222-8454
- Website
- TRUMERIT.ORG
- Return prepared by
- DUNLAPSLK PC
Mission
IN RECOGNITION AND FULFILLMENT OF ITS CHARITABLE, EDUCATIONAL AND SCIENTIFIC MISSION AND TO HELP ENSURE THAT FOREIGN EDUCATED NURSES AND CERTAIN OTHER HEALTHCARE PROFESSIONALS WHO DESIRE TO GAIN EMPLOYMENT WITHIN THE U.S., CANADIAN AND NEW ZEALAND HEALTHCARE DELIVERY SYSTEMS HAVE OBTAINED THE REQUIRED EDUCATION AND TRAINING, AND THEREBY HELPING TO ENSURE THE QUALITY OF HEALTHCARE PROVIDED IN THE U.S., CANADA AND NEW ZEALAND, TRUMERIT PROVIDES A NURSING KNOWLEDGE CERTIFICATION PROGRAM FOR FOREIGN EDUCATED NURSES, AND VARIOUS ASSESSMENT AND VERIFICATION SERVICES OF CREDENTIALS THAT ARE USED BY FEDERAL, STATE AND PROVINCIAL AGENCIES IN MAKING A DETERMINATION WHETHER TO PERMIT THOSE NURSES AND HEALTHCARE PROFESSIONALS TO BECOME ELIGIBLE FOR LICENSURE AND EMPLOYMENT WITHIN THE U.S., CANADIAN AND NEW ZEALAND HEALTHCARE DELIVERY SYSTEMS.
Program accomplishments
- VARIOUS CREDENTIALS EVALUATION SERVICES FOR FOREIGN HEALTHCARE PROFESSIONALS ARE PERFORMED THAT CONSIST OF AN EVALUATION OF FOREIGN LICENSURE AND FOREIGN ACADEMIC RECORDS IN TERMS OF U.S. COMPARABILITY AND/OR FOR AUTHENTICITY. DURING THE YEAR APPROXIMATELY 49,900 APPLICATIONS WERE REVIEWED AND ASSESSED AND 42,848 REPORTS WERE ISSUED.Expenses $15,304,757 · revenue $21,415,181
- VISASCREEN CERTIFICATION IS PROVIDED UNDER A FEDERAL SCREENING PROGRAM FOR INTERNATIONAL HEALTHCARE PROFESSIONALS SEEKING A U.S. OCCUPATIONAL VISA THAT COMPRISE AN EDUCATIONAL ANALYSIS, LICENSURE VERIFICATION, AN ENGLISH PROFICIENCY ASSESSMENT, AND IN THE CASE OF NURSES, A TEST OF NURSING KNOWLEDGE. DURING THE YEAR APPROXIMATELY 26,300 APPLICATIONS WERE REVIEWED AND ASSESSED AND 22,384 CERTIFICATES WERE ISSUED.Expenses $4,966,827 · revenue $16,882,461
- THE NATIONAL NURSING ASSESSMENT SERVICE IS A PROGRAM TO CREDENTIAL INTERNATIONALLY EDUCATED NURSES WHO SEEK EMPLOYMENT IN THE CANADIAN HEALTHCARE SYSTEM. THE CREDENTIALING UTILIZES CURRICULUM, COURSE SYLLABUS, AND OTHER DOCUMENTS, PRINCIPALLY FROM SOURCE EDUCATIONAL INSTITUTIONS AND AGENCIES, TO EVALUATE THE INTERNATIONALLY EDUCATED NURSE IN TERMS OF CANADIAN NURSING PRACTICE. DURING THE YEAR, APPROXIMATELY 6,400 APPLICATIONS WERE REVIEWED AND ASSESSED AND 6,359 REPORTS WERE ISSUED.Expenses $3,009,452 · revenue $3,440,386
- THE NURSING KNOWLEDGE CERTIFICATION PROGRAM CONSISTS OF A CREDENTIALS REVIEW, A TEST OF ENGLISH PROFICIENCY AND A TEST OF NURSING KNOWLEDGE (QUALIFYING EXAM). DURING THE YEAR, APPROXIMATELY 370 APPLICATIONS WERE REVIEWED, 364 WERE ASSESSED AND QUALIFIED FOR THE TEST OF NURSING KNOWLEDGE, AND 65 CERTIFICATES WERE ISSUED TO SUCCESSFUL APPLICANTS.Expenses $865,296 · revenue $198,160
- CERTIFICATION OF ETHICAL RECRUITER SERVICES PROVIDED TO HELP ENSURE THAT INTERNATIONAL RECRUITMENT IS CONDUCTED IN A FAIR AND TRANSPARENT MANNER BY CERTIFYING RECRUITERS AND EMPLOYERS WHO ADHERE TO THE VOLUNTARY CODE OF ETHICAL CONDUCT FOR THE RECRUITMENT OF FOREIGN-EDUCATED HEALTH PROFESSIONALS.Expenses $324,059 · revenue $70,636
- OTHER PROGRAM REVENUES CONSIST OF SERVICES FOR HEALTHCARE CONSULTING, PROGRAM DATA ANALYTICS, AND OTHER.Expenses $81,411 · revenue $67,263
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2026352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $77,646,069
- Income (IRS master file)
- $46,606,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $45,285,735 | $33,333,106 | $77,646,069 | XML |
| 990 | December 2023 | $57,765,221 | $29,175,595 | $67,820,090 | XML |
| 990 | December 2022 | $28,362,316 | $22,214,957 | $45,253,198 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2026352).
Questions about TRUMERIT
- What is the EIN of TRUMERIT?
- The employer identification number (EIN) of TRUMERIT is 23-2026352.
- Is TRUMERIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to TRUMERIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUMERIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUMERIT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUMERIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRUMERIT?
- The 990 for the year ended December 31, 2024 names PETER PREZIOSI.
- Who are the officers and directors of TRUMERIT?
- The 990 for the year ended December 31, 2024 lists 19 people; 8 received compensation from the organization, the highest $700,000 (PETER PREZIOSI, PRESIDENT AND CEO).
- How much revenue does TRUMERIT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $45,285,735, expenses of $33,333,106 and total assets of $77,646,069 at year end.
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