THE ANGELS ABOVE CHARITABLE TRUST

EIN: 043319347 501(c)(3)

LOWELL, MA

Total Revenue
$65,631
Total Expenses
$90,601
Total Assets
$125,387
Net Assets
$123,887
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
SUASAN HORMAN
Phone
9784524833
Tax Period
2019-01-01 to 2019-12-31

THE ANGELS ABOVE CHARITABLE TRUST, founded in 1996, is a micro nonprofit that reported $66K in total revenue in fiscal year 2019. Expenses of $91K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE ASSISTANCE FOR CHILDREN AND THEIR FAMILIES IN NEED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $2,534
Program Service Revenue $0
Investment Income $1,815
Other Revenue $61,282
TOTAL REVENUE $65,631

Expense Breakdown

Grants Paid $21,282
Salaries & Benefits $44,782
Fundraising Expenses $11,438
Program Expenses $32,478
Other Expenses $24,537
TOTAL EXPENSES $90,601

Year-over-Year Comparison

2019 2018 Change
Revenue $65,631 $63,824 +0.0%
Expenses $90,601 $94,442 0.0%
Net Income $-24,970 $-30,618 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$41,600
Total Directors
3
$41,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN HORMAN Trustee 35.00
Officer Director
$41,600 $0 $41,600
MICHAEL HORMAN Trustee 5.00
Director
$0 $0 $0
MARYBETH BRUNELLE Trustee 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $65,631 $90,601 $125,387 $-24,970
2018 $63,824 $94,442 $148,857 $-30,618
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