BAND OF ANGELS CORP (EIN 461617742) - 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

2012

Legal Domicile

Principal Officer

MICHAEL MEYER

Phone

9134916636

Tax Period

2024-01-01 to 2024-12-31

BAND OF ANGELS CORP, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $630K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $580K left a modest 8% surplus.

Mission

BAND OF ANGELS CORP. COLLECTS DONATIONS OF MUSICAL INSTRUMENTS AND DISTRIBUTES THOSE DONATED MUSICAL INSTRUMENTS TO ELEMENTARY AND SECONDARY SCHOOL CHILDREN IN NEED WITH AN EXPRESSED DESIRE TO LEARN HOW TO PLAY AN INSTRUMENT AND PARTICIPATE IN ORGANIZED BANDS OR ORCHESTRAS.

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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 $729,333

Program Service Revenue $0

Investment Income $14,904

Other Revenue $-114,391

TOTAL REVENUE $629,846

Expense Breakdown

Grants Paid $189,298

Salaries & Benefits $240,540

Fundraising Expenses $100,926

Program Expenses $407,652

Other Expenses $150,053

TOTAL EXPENSES $579,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$629,846	$517,831	+0.2%
Expenses	$579,891	$561,988	+0.0%
Net Income	$49,955	$-44,157	-2.1%

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

110

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
MICHAEL MEYER	PRESIDENT	15.00	Officer Director	$0	$0	$0
JANICE SMALL	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX KARSCIG	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY BANNWARTH	DIRECTOR (UNTIL 1/25)	0.50	Director	$0	$0	$0
EMMAJO BLANKENSHIP	DIRECTOR (JOINED 11/24)	0.50	Director	$0	$0	$0
JAY BREEDEN	DIRECTOR (JOINED 10/24)	0.50	Director	$0	$0	$0
TY BROWN	DIRECTOR	0.50	Director	$0	$0	$0
BECCA CASTRO	DIRECTOR (JOINED 1/25)	0.50	Director	$0	$0	$0
CRISSA COOK	DIRECTOR (UNTIL 1/24)	0.50	Director	$0	$0	$0
KATIE ERVIN	DIRECTOR	0.50	Director	$0	$0	$0
PAULINA ESCOBAR	DIRECTOR (JOINED 4/24)	0.50	Director	$0	$0	$0
VALERIE ESCOBAR	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN ESCHER	DIRECTOR	0.50	Director	$0	$0	$0
TONYA GUINN	DIRECTOR (UNTIL 3/24)	0.50	Director	$0	$0	$0
BREDNA HEFFRON	DIRECTOR (JOINED 3/25)	0.50	Director	$0	$0	$0
JOHN KETCHUM	DIRECTOR (UNTIL 3/24)	0.50	Director	$0	$0	$0
ALAIA MARTIN	DIRECTOR (JOINED 12/24)	0.50	Director	$0	$0	$0
KATHLEEN MCCULLOUGH	DIRECTOR (UNTIL 3/24)	1.00	Director	$0	$0	$0
MICHAEL MOEDRITZER	DIRECTOR (JOINED 3/25)	0.50	Director	$0	$0	$0
LIZ MONTIJO	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA RIDPATH	DIRECTOR (UNTIL 1/25)	0.50	Director	$0	$0	$0
ABRAHAM SOTELO	DIRECTOR	0.50	Director	$0	$0	$0
CLAY SHAFER	DIRECTOR (JOINED 10/24)	0.50	Director	$0	$0	$0
MIKE ZANDERS	DIRECTOR (JOINED 3/24)	0.50	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	$629,846	$579,891	$847,636	$49,955
2023	$517,831	$561,988	$708,251	$-44,157
2022	$500,559	$411,880	$597,211	$88,679
2021	$404,201	$317,078	$586,184	$87,123
2020	$327,324	$310,049	$431,730	$17,275
2019	$247,452	$167,724	$426,827	$79,728
2018	$188,412	$123,347	$346,795	$65,065

BAND OF ANGELS CORP