Precious Angels Inc

EIN: 233019924 501(c)(3) Human Services

Philadelphia, PA

Total Revenue
$1,772,455
Total Expenses
$1,696,709
Total Assets
$226,038
Net Assets
$-40,665
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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
2000
Legal Domicile
PA
Principal Officer
Michelle Faison
Phone
2152246880
Tax Period
2023-01-01 to 2023-12-31

Precious Angels Inc, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 4% surplus.

Mission

Child care center whose vision is that every child receive a standard- driven program which will enhance their emotional, social, spirtual physical and academic growth and development.

Program Service Accomplishments

Program 1
Expenses: $1,367,504 Revenue: $1,767,376

To accomodate working parents of low income seeking alternatives to traditional day care settings by providing quality academic & cultural programs

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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 $0
Program Service Revenue $1,772,362
Investment Income $93
Other Revenue $0
TOTAL REVENUE $1,772,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $901,525
Fundraising Expenses $0
Program Expenses $1,367,504
Other Expenses $795,184
TOTAL EXPENSES $1,696,709

Year-over-Year Comparison

2023 2022 Change
Revenue $1,772,455 $1,693,646 +0.0%
Expenses $1,696,709 $1,700,940 0.0%
Net Income $75,746 $-7,294 -11.4%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
31
Volunteers
6

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
2
$206,076
Total Directors
2
$206,076
Key Employees
1
$103,538
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Faison President 60.00
Officer Director Key Emp
$103,538 $0 $103,538
Lawrence Faison Vice-President 40.00
Officer Director
$102,538 $0 $102,538
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 $1,772,455 $1,696,709 $226,038 $75,746
2022 $1,693,646 $1,700,940 $146,773 $-7,294
2021 $1,404,138 $1,414,944 $308,178 $-10,806
2020 $1,440,676 $1,355,775 $271,677 $84,901
2019 $1,313,378 $1,300,036 $129,360 $13,342
2018 $1,082,493 $1,107,942 $152,070 $-25,449
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