ANGEL RIDGE INC (EIN 411726974) - 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

1992

Legal Domicile

Principal Officer

TERESA LARSON

Phone

7632414445

Tax Period

2023-10-01 to 2024-09-30

ANGEL RIDGE INC, founded in 1992, is a small nonprofit in the Health Care sector that reported $581K in total revenue in fiscal year 2023. Net assets of $1.2M represent 25 months of operating reserves.

Mission

ANGEL RIDGE, INC. IS ORGANIZED AND OPERATED IN ELK RIVER, MN TO PROVIDE THE ELDERLY AND HANDICAPPED PEOPLE WITH RESIDENTIAL FACILITIES, SERVICES, AND PROGRAMS SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY AND WELFARE.

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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 $0

Program Service Revenue $578,092

Investment Income $709

Other Revenue $1,879

TOTAL REVENUE $580,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,900

Fundraising Expenses $0

Program Expenses $414,651

Other Expenses $409,639

TOTAL EXPENSES $601,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,680	$554,131	+0.0%
Expenses	$601,539	$569,282	+0.1%
Net Income	$-20,859	$-15,151	+0.4%

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

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

$673,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI LARSON	PRESIDENT/CEO	1.00	Officer	$0	$18,462	$385,145
TROY HANSON	CFO	1.00	Officer	$0	$33,865	$288,801
LINDA M KRIEGER	CHAIR	1.00	Officer Director	$0	$0	$0
JOYCE LECLAIRE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LYNN SCHULER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DUSTIN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DARYL HERRMANN	DIRECTOR (THRU DEC 2023)	1.00	Director	$0	$0	$0
BILL HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA MOWRY	DIRECTOR	1.00	Director	$0	$0	$0
JOANIE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
ARLO SCHULTZ	DIRECTOR (THRU DEC 2023)	1.00	Director	$0	$0	$0
GORDY VETSCH	DIRECTOR	1.00	Director	$0	$0	$0
GAIL WEBER	DIRECTOR	1.00	Director	$0	$0	$0
NICK ZERWAS	DIRECTOR	1.00	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
2024	$580,680	$601,539	$1,278,236	$-20,859
2023	$554,131	$569,282	$1,293,363	$-15,151
2022	$602,988	$560,855	$1,317,920	$42,133
2021	$511,001	$529,465	$1,271,720	$-18,464
2020	$474,318	$523,426	$1,327,765	$-49,108
2019	$453,265	$511,974	$1,384,449	$-58,709
2018	$414,640	$485,621	$1,434,548	$-70,981

ANGEL RIDGE INC