NETWORK ANGELS INC (EIN 262917668) - 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

2008

Legal Domicile

Principal Officer

GINA MARTIN

Phone

6177904800

Tax Period

2024-10-01 to 2025-09-30

NETWORK ANGELS INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $695K in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 39% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ACCEPT CONTRIBUTIONS IN ORDER TO MAKE GRANTS AND PROVIDE OTHER ASSISTANCE TO BENEFIT PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE BECAUSE OF A PERSONAL CRISIS SUCH AS NATURAL CALAMITIES OR UNEXPECTED DEATH OF IMMEDIATE FAMILY MEMBER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $679,968

Program Service Revenue $0

Investment Income $15,479

Other Revenue $0

TOTAL REVENUE $695,447

Expense Breakdown

Grants Paid $404,012

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,012

Other Expenses $19,516

TOTAL EXPENSES $423,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$695,447	$267,247	+1.6%
Expenses	$423,528	$333,879	+0.3%
Net Income	$271,919	$-66,632	-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

N/A

Volunteers

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
GINA L MARTIN	PRESIDENT AND CHAIR	0.50	Officer Director	$0	$0	$0
HEATHER LESOGOR	TREASURER	2.00	Officer Director	$0	$0	$0
NARDA SHUTT	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
JENNIFER NEVILLE	CLERK	0.50	Officer Director	$0	$0	$0
CAMELIA BOTEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN FISHMAN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GORDON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MCCARTHY	DIRECTOR	0.50	Director	$0	$0	$0
CONSTANCE A MENNE	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH RUSSELL	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL SPEARIN	DIRECTOR	1.00	Director	$0	$0	$0
LISA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MONICA PERRY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINNE FRITTS	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY SHUFELT	FORMER EXEC. DIRECTOR (THRU 9/5/25)	17.00		$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	$695,447	$423,528	$756,200	$271,919
2024	$267,247	$333,879	$482,233	$-66,632
2023	$232,642	$308,521	$540,977	$-75,879
2022	$390,321	$247,642	$614,337	$142,679
2021	$440,609	$187,285	$461,405	$253,324
2020	$142,614	$108,591	$211,047	$34,023

NETWORK ANGELS INC