HOLY ANGELS FOUNDATION 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

1956

Legal Domicile

Principal Officer

KERRI C MASSEY

Phone

7048254161

Tax Period

2024-07-01 to 2025-06-30

HOLY ANGELS FOUNDATION INC, founded in 1956, is a community nonprofit in the Religion sector that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 36% operating margin.

Mission

FUNDING, FUNDRAISING, AND ADMINISTRATIVE SUPPORT PROVIDED TO OR ON BEHALF OF HOLY ANGELS, INC. FOR COMPREHENSIVE RESIDENTIAL SERVICES AND MEDICAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $4,605,559

FUNDING, FUNDRAISING, AND ADMINISTRATIVE SUPPORT PROVIDED TO OR ON BEHALF OF HOLY ANGELS, INC. FOR COMPREHENSIVE RESIDENTIAL SERVICES AND MEDICAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

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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 $5,592,976

Program Service Revenue $0

Investment Income $3,343,578

Other Revenue $-45,312

TOTAL REVENUE $8,891,242

Expense Breakdown

Grants Paid $4,605,559

Salaries & Benefits $0

Fundraising Expenses $819,611

Program Expenses $4,605,559

Other Expenses $1,116,937

TOTAL EXPENSES $5,722,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,891,242	$5,054,393	+0.8%
Expenses	$5,722,496	$2,662,510	+1.1%
Net Income	$3,168,746	$2,391,883	+0.3%

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

N/A

Volunteers

109

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

$794,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE BAUCOM	DIRECTOR	1.00	Director	$0	$0	$0
SHELTON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE CHASE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DICKENSON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA FOX	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GAVIGAN MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KINES	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KUHN	DIRECTOR	1.00	Director	$0	$0	$0
RICK MENZE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MATZNICK	DIRECTOR	1.00	Director	$0	$0	$0
SR NANCY NANCE RSM	DIRECTOR	1.00	Director	$0	$0	$0
CATHY THORSELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON SHOEMAKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAYE MCGARRY	CHAIR	1.00	Officer Director	$0	$0	$0
CAROL PETROPULOS	EXECUTIVE SECRETARY	10.00	Officer	$0	$13,178	$95,266
MICHAEL C GIANG	TREASURER / CFO	10.00	Officer	$0	$19,600	$244,045
DONNIE O THURMAN	EXECUTIVE VP/COO	10.00	Officer	$0	$15,206	$182,221
KERRI C MASSEY	CEO & PRESIDENT	10.00	Officer	$0	$21,855	$273,375
REGINA P MOODY	PRESIDENT EMERITUS	6.00		$0	$16,796	$176,334

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
2025	$8,891,242	$5,722,496	$38,761,165	$3,168,746
2024	$5,054,393	$2,662,510	$36,000,815	$2,391,883
2023	$6,866,062	$3,070,307	$31,995,224	$3,795,755
2022	$6,591,925	$2,562,340	$28,640,007	$4,029,585
2021	$5,444,313	$2,864,138	$29,094,417	$2,580,175
2020	$2,475,062	$3,512,281	$22,815,878	$-1,037,219
2019	$5,710,337	$2,962,373	$23,732,024	$2,747,964
2018	$3,322,710	$1,958,139	$21,170,405	$1,364,571