ANGELS ON WHEELS INC

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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

1999

Legal Domicile

Principal Officer

Brenda Banks

Phone

4029609789

Tax Period

2024-01-01 to 2024-12-31

ANGELS ON WHEELS INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $788K, a strong 61% operating margin.

Mission

Our mission is to empower and equip disadvantaged and under educated men and women through character development, vocational training and job experience so they can attain employment and become financially self sufficient. Our clients are men and women who have experienced challenges such as incarceration, homelessness, emotional or physical abuse, or live in poverty for other reasons. Code 624310

Program Service Accomplishments

Program 1

Expenses: $460,673 Revenue: $349,574

We provide our clients with real work experience combined with skills training while recycling electronics, refurbishing computers, dismantling electronics, testing and repairing electronics and...

We provide our clients with real work experience combined with skills training while recycling electronics, refurbishing computers, dismantling electronics, testing and repairing electronics and customer service opportunities. We train essential workplace soft skills, principles of successful employment, and other essential knowledge-based workplace matters while performing work in this field. Code 423600

Program 2

Expenses: $11,826 Revenue: $109,352

We provide our students with work experience and skills training through event planning & setup, food service, hospitality and janitorial services. We train essential workplace soft skills...

We provide our students with work experience and skills training through event planning & setup, food service, hospitality and janitorial services. We train essential workplace soft skills, principles of successful employment, and essential and relevant knowledge while performing work in these areas. Code 810000

Program 3

Expenses: $0 Revenue: $0

N/A

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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 $886,126

Program Service Revenue $384,341

Investment Income $0

Other Revenue $13,200

TOTAL REVENUE $1,283,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,423

Fundraising Expenses $0

Program Expenses $472,499

Other Expenses $218,694

TOTAL EXPENSES $496,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,283,667	$1,230,525	+0.0%
Expenses	$496,117	$677,685	-0.3%
Net Income	$787,550	$552,840	+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

Volunteers

251

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

$55,000

Total Directors

$102,236

Key Employees

$47,236

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank R Bartlett III	Recycling Director	40	Officer Director Highest	$55,000	$0	$55,000
Brenda Banks	Executive Director	55	Director Key Emp	$47,236	$0	$47,236
Seth Paulson	Director	1	Officer	$0	$0	$0
Joel White	Director	1	Officer	$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	$1,283,667	$496,117	$2,390,962	$787,550
2023	$1,230,525	$677,685	$2,409,682	$552,840
2022	$1,049,121	$696,249	$2,574,086	$352,872
2021	$1,028,555	$814,275	$2,664,103	$214,280
2020	$1,417,366	$824,303	$3,532,807	$593,063
2019	$2,143,662	$1,114,370	$5,016,284	$1,029,292
2018	$815,090	$781,115	$4,814,110	$33,975