Angels on the Bay Inc (EIN 113275662) - 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

1995

Legal Domicile

Principal Officer

Frank Russo

Phone

5163526884

Tax Period

2023-07-01 to 2024-06-30

Angels on the Bay Inc, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $205K in total revenue in fiscal year 2023. The organization ran a surplus of $42K, a strong 21% operating margin.

Mission

To raise funds to support facilities that provide quality health care and services for children.

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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 (2023)

Revenue Breakdown

Contributions & Grants $202,777

Program Service Revenue $0

Investment Income $0

Other Revenue $2,251

TOTAL REVENUE $205,028

Expense Breakdown

Grants Paid $109,177

Salaries & Benefits $37,807

Fundraising Expenses $0

Program Expenses $136,185

Other Expenses $15,929

TOTAL EXPENSES $162,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,028	$194,741	+0.1%
Expenses	$162,913	$204,982	-0.2%
Net Income	$42,115	$-10,241	-5.1%

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

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

$34,692

Total Directors

$34,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marie Kurtz	VP	020.00	Officer Director	$34,692	$0	$34,692
Frank Russo Jr	President	002.00	Officer Director	$0	$0	$0
Joseph A Corino CPA	Treasurer	003.00	Officer Director	$0	$0	$0
George Russo Esq	Secretary	002.00	Officer Director	$0	$0	$0
Catherine Burms	Controller	002.00	Director	$0	$0	$0
Roxann Romano	Director	002.00	Director	$0	$0	$0
Nickolas Lo Prinzi	Director	002.00	Director	$0	$0	$0
Jaclyn Burns	Director	002.00	Director	$0	$0	$0
James Mauceri	Director	002.00	Director	$0	$0	$0
Niels Schmidt	Director	002.00	Director	$0	$0	$0
Carol Verdi	Director	002.00	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
2025	No data	No data	No data	No data
2024	$205,028	$162,913	$78,073	$42,115
2023	$194,741	$204,982	$40,301	$-10,241
2022	$55,106	$40,694	$53,755	$14,412
2021	$31,491	$965	$30,160	$30,526
2020	$140,351	$224,052	$1,230	$-83,701
2019	$166,218	$166,412	$88,456	$-194

Angels on the Bay Inc