BLUE ANGELS FOUNDATION INC (EIN 522226176) - 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

2000

Legal Domicile

Principal Officer

SCOTT KARTVEDT

Phone

8504327774

Tax Period

2023-01-01 to 2023-12-31

BLUE ANGELS FOUNDATION INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $639K, a strong 25% operating margin.

Mission

TO SUPPORT WOUNDED VETERAN INITIATIVES ON A NATIONAL LEVEL THROUGH THEIR CONTINUUM OF CARE...TRANSITIONAL HOUSING, EDUCATION AND EMPLOYMENT, AND TO IMPORTANTLY RESOLVE PTS.

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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 $4,183,913

Program Service Revenue $0

Investment Income $47,851

Other Revenue $-1,717,033

TOTAL REVENUE $2,514,731

Expense Breakdown

Grants Paid $1,607,250

Salaries & Benefits $0

Fundraising Expenses $171,114

Program Expenses $1,607,250

Other Expenses $268,101

TOTAL EXPENSES $1,875,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,514,731	$2,121,132	+0.2%
Expenses	$1,875,351	$1,542,041	+0.2%
Net Income	$639,380	$579,091	+0.1%

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

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
JERRY DEREN	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE DILLARD	SECRETARY	N/A	Officer Director	$0	$0	$0
VINCENT DONILE	BOARD MEMBER	N/A	Director	$0	$0	$0
THOMAS FROSCH	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT KARTVEDT	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARK MYKITYSHYN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAT RAINEY	BOARD MEMBER	N/A	Director	$0	$0	$0
PAT SPRUCE	DIRECTOR	N/A	Director	$0	$0	$0
SHAUN SWARTZ	DIRECTOR	N/A	Director	$0	$0	$0
MARK ZIEGLER	TREASURER	N/A	Officer 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
2023	$2,514,731	$1,875,351	$3,129,626	$639,380
2022	$2,121,132	$1,542,041	$2,289,101	$579,091
2021	$1,323,744	$1,414,222	$1,955,725	$-90,478
2020	$764,828	$589,518	$1,926,273	$175,310
2019	$964,482	$1,873,575	$1,608,262	$-909,093
2018	$650,624	$387,705	$2,286,233	$262,919

BLUE ANGELS FOUNDATION INC