HULLS ANGELS INC (EIN 541982338) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MATT PAXTON

Phone

5404632618

Tax Period

2024-01-01 to 2024-12-31

HULLS ANGELS INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $231K left a modest 5% surplus.

Mission

TO PRESERVE THE DRIVE-IN THEATER IN LEXINGTON, VIRGINIA AND PROVIDE AFFORDABLE FAMILY ENTERTAINMENT IN A HISTORICAL DRIVE-IN THEATER FOR A SMALL, RURAL COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $69,630

Program Service Revenue $171,478

Investment Income $2,633

Other Revenue $115,717

TOTAL REVENUE $359,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,220

Fundraising Expenses $11,251

Program Expenses $326,381

Other Expenses $231,859

TOTAL EXPENSES $371,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,458	$347,994	+0.0%
Expenses	$371,079	$312,717	+0.2%
Net Income	$-11,621	$35,277	-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

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

$29,743

Total Directors

$29,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MERRILL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANE LEONARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELANIE FALLS	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT PAXTON	TREASURER	1.00	Officer Director	$0	$0	$0
JANIE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LEMERT	DIRECTOR	1.00	Director	$0	$0	$0
JESSIKA CRANCE	DIRECTOR	1.00	Director	$0	$0	$0
JENNY NICELY	DIRECTOR	1.00	Director	$0	$0	$0
RHIANNA SCHLIEF	EXECUTIVE DIRECTOR	40.00	Officer Director	$29,743	$0	$29,743
JERAMIE MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
SAM CAMP	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY PASSMORE	DIRECTOR	1.00	Director	$0	$0	$0
KASSY MCALOON	DIRECTOR	1.00	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
2024	$359,458	$371,079	$993,774	$-11,621
2023	$347,994	$312,717	$1,025,286	$35,277
2022	$328,322	$306,017	$1,010,009	$22,305
2021	$638,952	$316,869	$1,008,105	$322,083
2020	$213,681	$210,976	$591,886	$2,705
2019	$271,905	$261,482	$586,669	$10,423
2018	$244,453	$231,193	$576,202	$13,260

HULLS ANGELS INC