ANGEL SHOES INCORPORATED

EIN: 205030488 501(c)(3) Human Services

MATTHEWS, NC

Total Revenue
$5,014
Total Expenses
$4,612
Total Assets
$488
Net Assets
$488
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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
2020
Legal Domicile
NC
Principal Officer
SANDRA BOULWARE
Tax Period
2023-01-01 to 2023-12-31

ANGEL SHOES INCORPORATED, founded in 2020, is a micro nonprofit in the Human Services sector that reported $5K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $5K left a modest 8% surplus.

Mission

PROVIDE SHOES TO UNION COUNTY LOCAL SCHOOL KIDS IN LOCAL AREA

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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 $5,014
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,014

Expense Breakdown

Grants Paid $4,350
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,350
Other Expenses $262
TOTAL EXPENSES $4,612

Year-over-Year Comparison

2023 2022 Change
Revenue $5,014 $4,374 +0.1%
Expenses $4,612 $4,291 +0.1%
Net Income $402 $83 +3.8%
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
1
Independent Members
1
Employees
N/A
Volunteers
1

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA BOULWAR PRESIDENT 10
Officer
$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 $5,014 $4,612 $488 $402
2022 $4,374 $4,291 $86 $83
2021 $3,642 $3,670 $3 $-28
2020 $3,000 $2,969 $31 $31
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