MAC ANGELS FOUNDATION INC

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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

2001

Legal Domicile

Principal Officer

PAUL WOLDAR

Phone

9146377010

Tax Period

2023-07-01 to 2024-06-30

MAC ANGELS FOUNDATION INC, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $226K in total revenue in fiscal year 2023. Revenue surged 277% from the prior year, signaling strong growth momentum. Expenses of $193K left a modest 15% surplus.

Mission

TO FUND PROGRAMS THAT ENHANCE THE SURVIVORSHIP AND QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES WHO ARE IMPACTED BY AMYOTROPHIC LATERAL SCLEROSIS (ALS).

Program Service Accomplishments

Program 1

Expenses: $121,876

TO FUND PROGRAMS THAT ENHANCE THE SURVIVORSHIP AND QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES WHO ARE IMPACTED BY AMYOTROPHIC LATERAL SCLEROSIS (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 (2023)

Revenue Breakdown

Contributions & Grants $215,431

Program Service Revenue $0

Investment Income $3,544

Other Revenue $7,207

TOTAL REVENUE $226,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,696

Program Expenses $121,876

Other Expenses $193,065

TOTAL EXPENSES $193,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,182	$59,941	+2.8%
Expenses	$193,065	$173,953	+0.1%
Net Income	$33,117	$-114,012	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY CORWEN	PRESIDENT	5.00	Director	$0	$0	$0
PAUL WOLDAR	TREASURER	5.00	Director	$0	$0	$0
RICHARD KLEIN	SECRETARY	5.00	Director	$0	$0	$0
CATHY GLENNON	OFFICE	5.00	Director	$0	$0	$0
RICH SHEEHY	BOARD MEMBER	5.00	Director	$0	$0	$0
JOSEPH LEMKIN	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$226,182	$193,065	$258,785	$33,117
2023	$59,941	$173,953	$225,669	$-114,012
2022	$157,706	$128,432	$339,676	$29,274
2021	$153,418	$131,965	$310,402	$21,453
2020	$179,806	$217,536	$289,768	$-37,730
2019	$353,734	$484,180	$330,542	$-130,446
2018	$420,938	$321,354	$463,790	$99,584