Angel Charities Inc

EIN: 472608324 501(c)(3)

Old Lyme, CT

Total Revenue
$225,028
Total Expenses
$238,587
Total Assets
$61,682
Net Assets
$58,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CT
Principal Officer
FREDERICK H BROOKE
Phone
8602270658
Tax Period
2017-12-01 to 2018-11-30

Angel Charities Inc, founded in 2014, is a small nonprofit that reported $225K in total revenue in fiscal year 2017. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

Angel Charities Inc. mission is to

Program Service Accomplishments

Program 1
Expenses: $129,652 Revenue: $257,866

THE ORGANIZATION CONDUCTS AN ANNUAL ANGELRIDE BICYCLE FUNDRAISING EVENT. FOR THE FYE NOVEMBER 30, 2018, ANGEL CHARITIES INC. RAISED $257,866. THE PROCEEDS WERE USED TO SPONSOR THE HOLE IN THE WALL...

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THE ORGANIZATION CONDUCTS AN ANNUAL ANGELRIDE BICYCLE FUNDRAISING EVENT. FOR THE FYE NOVEMBER 30, 2018, ANGEL CHARITIES INC. RAISED $257,866. THE PROCEEDS WERE USED TO SPONSOR THE HOLE IN THE WALL GANG CAMP'S (HITWGC) HOSPITAL OUTREACH PROGRAM, WHICH SENDS HITWGC STAFF TO NEW ENGLAND HOSPITALS THAT SERVE THE CAMP'S CLIENT POPULATION TO BRING THE EXPERIENCES OF CAMP PROGRAMMING TO CHILDREN DURING THE CAMP'S NONSUMMER SEASON. THE GOAL OF THE PROGRAM IS TO SUPPORT CAMPERS, THEIR FAMILIES AND THEIR HEALTHCARE PROVIDERS IN ACCORDANCE WITH THE MISSION OF THE HITWGC

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $3,528
Program Service Revenue $0
Investment Income $0
Other Revenue $221,500
TOTAL REVENUE $225,028

Expense Breakdown

Grants Paid $129,652
Salaries & Benefits $90,420
Fundraising Expenses $67,287
Program Expenses $129,652
Other Expenses $18,515
TOTAL EXPENSES $238,587

Year-over-Year Comparison

2017 2016 Change
Revenue $225,028 $315,657 -0.3%
Expenses $238,587 $271,949 -0.1%
Net Income $-13,559 $43,708 -1.3%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
177

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
2
$83,691
Total Directors
3
$83,691
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK H BROOKE President 5.00
Officer Director
$0 $0 $0
LYNN MCCARTHY Executive Director 40.00
Officer Director
$83,691 $0 $83,691
AMY O'CONNOR Secretary 5.00
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
2018 $225,028 $238,587 $61,682 $-13,559
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