MINETTE GROSSO MCKENNA FOUNDATION INC MINETTES ANGELS FOUNDATION

EIN: 201400176 501(c)(3) Education

VERONA, NJ

Total Revenue
$158,895
Total Expenses
$73,965
Total Assets
$193,460
Net Assets
$193,460
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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
2004
Legal Domicile
NJ
Principal Officer
KENNETH MCKENNA
Phone
9734331100
Tax Period
2023-01-01 to 2023-12-31

MINETTE GROSSO MCKENNA FOUNDATION INC MINETTES ANGELS FOUNDATION, founded in 2004, is a small nonprofit in the Education sector that reported $159K in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 53% operating margin.

Mission

THE MISSION TO KEEP THE SPIRIT OF MINETTE ALIVE BY SUPPORTING BREAST CANCER PATIENTS AND SURVIVORS, CONTINUES. WE PROVIDE ASSISTANCE TO THOSE IN TREATMENT, SUPPORT RESEARCH AND PROMOTE BREAST HEALTH AWARENESS, WHICH IS VITAL TO SAVING LIVES. WE OFFERSCHOLARSHIPS TO SECOND YEAR NURSING STUDENTS AT SETON HALL UNIVERSITY'S COLLEGE OF NURSING, A SCHOLARSHIP TO A HIGH SCHOOL SENIOR FROM VERONA ENTERING THE MEDICAL FIELD, PLACING A PRIORITY ON NURSING MAJORS AND, AN IMPACT SCHOLARSHIP TO A HIGH SCHOOL SENIOR WHO HAS BEEN AFFECTED BY BREAST CANCER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,351
Program Service Revenue $0
Investment Income $0
Other Revenue $129,544
TOTAL REVENUE $158,895

Expense Breakdown

Grants Paid $54,088
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,088
Other Expenses $19,877
TOTAL EXPENSES $73,965

Year-over-Year Comparison

2023 2022 Change
Revenue $158,895 $64,600 +1.5%
Expenses $73,965 $91,006 -0.2%
Net Income $84,930 $-26,406 -4.2%
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
8
Independent Members
8
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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN MCKEENA Trustee 5.00
Director
$0 $0 $0
PATRICIA BISHOP Trustee 5.00
Director
$0 $0 $0
SUZY LOTH Trustee 5.00
Director
$0 $0 $0
GARY STETZ Treasurer 5.00
Officer Director
$0 $0 $0
KENNETH MCKENNA President 5.00
Officer Director
$0 $0 $0
MICHELE KIERNAN Vice President 5.00
Officer Director
$0 $0 $0
KAREN LAVERY Secretary 5.00
Officer Director
$0 $0 $0
RITA MUGHETTO Vice President 5.00
Officer 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
2023 $158,895 $73,965 $193,460 $84,930
2022 $64,600 $91,006 $108,530 $-26,406
2021 $55,191 $63,481 $134,936 $-8,290
2020 $36,390 $51,686 $143,226 $-15,296
2019 $137,520 $84,238 $158,522 $53,282
2018 $186,878 $117,248 $105,240 $69,630
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