FORGOTTEN ANGELS FOUNDATION (EIN 452687322) - 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

2011

Principal Officer

RENEE MCGUIRE

Phone

8322435925

Tax Period

2022-01-01 to 2022-12-31

FORGOTTEN ANGELS FOUNDATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $802K in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Net assets of $4.5M represent 67 months of operating reserves.

Mission

THE MISSION OF FORGOTTEN ANGELS FOUNDATION IS TO TRANSFORM THE COMMUNITY BY OFFERING ASSISTANCE TO INDIVIDUALS STRIVING TO BECOME FULLY FUNCTIONING MEMBERS OF SOCIETY AND TO SUPPORT THE WORK OF FORGOTTEN ANGELS INC AS IT PROVIDES CARE FOR INDIVIDUALS LIVING WITH DEVELOPMENTAL DISABILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $90,972

Program Service Revenue $204,521

Investment Income $12,986

Other Revenue $493,127

TOTAL REVENUE $801,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,521

Fundraising Expenses $391

Program Expenses $734,074

Other Expenses $630,083

TOTAL EXPENSES $868,402

Year-over-Year Comparison

	2022	2021	Change
Revenue	$801,606	$3,045,348	-0.7%
Expenses	$868,402	$824,235	+0.1%
Net Income	$-66,796	$2,221,113	-1.0%

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

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
THELMA CARTER	DIRECTOR	N/A	Director	$0	$0	$0
NITA CHRISTIAN	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
RENEE MCGUIRE	PRESIDENT &	N/A	Officer Director	$0	$0	$0
CHAD THUMANN	DIRECTOR	N/A	Director	$0	$0	$0
ROBERTA WALLACE	DIRECTOR	N/A	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	No data	No data	No data	No data
2022	$801,606	$868,402	$5,182,031	$-66,796
2021	$3,045,348	$824,235	$5,277,111	$2,221,113
2020	$935,295	$894,252	$6,026,216	$41,043
2019	$1,490,244	$949,723	$5,604,362	$540,521
2018	$663,155	$717,879	$5,254,808	$-54,724

FORGOTTEN ANGELS FOUNDATION