ANGEL FUND INC (EIN 043478977) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

RICHARD P KENNEDY

Phone

7812457070

Tax Period

2024-01-01 to 2024-12-31

ANGEL FUND INC, founded in 1999, is a small nonprofit in the Medical Research sector that reported $896K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $778K left a modest 13% surplus.

Mission

TO AID IN THE RESEARCH AND EXCHANGE OF INFORMATION CONCERNING AMYOTROPHIC LATERAL SCLEROSIS ("ALS") BEWTEEN THE MEDICAL COMMUNITY AND FAMILY AND FRIENDS OF INDIVIDUALS AFFLICTED WITH ALS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $944,257

Program Service Revenue $0

Investment Income $137,445

Other Revenue $-185,725

TOTAL REVENUE $895,977

Expense Breakdown

Grants Paid $750,000

Salaries & Benefits $0

Fundraising Expenses $11,620

Program Expenses $750,000

Other Expenses $28,474

TOTAL EXPENSES $778,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$895,977	$702,162	+0.3%
Expenses	$778,474	$787,196	0.0%
Net Income	$117,503	$-85,034	-2.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD P KENNEDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL A DELVECCHIO	TREASURER	1.00	Officer Director	$0	$0	$0
EUGENE A NIGRO ESQ	CLERK	2.00	Officer Director	$0	$0	$0
TODD DELVECCHIO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE DELVECCHIO	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE P FALZONE JR	DIRECTOR	1.00	Director	$0	$0	$0
NEIL GLEASON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN NIGRO	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE NIGRO	DIRECTOR	1.00	Director	$0	$0	$0
JANICE NIGRO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH RUMA	DIRECTOR	1.00	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
2024	$895,977	$778,474	$3,170,411	$117,503
2023	$702,162	$787,196	$3,056,470	$-85,034
2022	$928,586	$78,939	$3,121,053	$849,647
2021	$566,086	$396,120	$2,272,939	$169,966
2020	$586,539	$522,064	$2,082,689	$64,475
2019	$961,378	$1,088,188	$1,995,088	$-126,810
2018	$757,226	$551,789	$2,076,078	$205,437

ANGEL FUND INC