HOLY ANGELS ACADEMY (EIN 610845326) - 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

1973

Legal Domicile

Principal Officer

JAMES NORTON

Phone

5022549440

Tax Period

2023-07-01 to 2024-06-30

HOLY ANGELS ACADEMY, founded in 1973, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $539K, a strong 32% operating margin.

Mission

EDUCATION OF CHILDREN

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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 $975,707

Program Service Revenue $654,829

Investment Income $48,379

Other Revenue $26,017

TOTAL REVENUE $1,704,932

Expense Breakdown

Grants Paid $1,335

Salaries & Benefits $680,242

Fundraising Expenses $0

Program Expenses $1,162,929

Other Expenses $484,404

TOTAL EXPENSES $1,165,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,932	$1,145,927	+0.5%
Expenses	$1,165,981	$1,031,448	+0.1%
Net Income	$538,951	$114,479	+3.7%

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

$66,102

Total Directors

$42,646

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY KENNEY	TRUSTEE	0.00	Director	$0	$0	$0
TIMOTHY STATE	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
JAMES E NORTON	TREASURER	10.00	Officer Director	$0	$0	$0
TERRI GLOTZBACH	2ND GRADE TEACHER	40.00	Director	$42,646	$0	$42,646
ROBERT OSTING	CHAIRMAN AND SECRETARY	0.00	Officer Director	$0	$0	$0
MICHAEL SWEARINGEN	HEAD MASTER	40.00	Officer	$66,102	$0	$66,102

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	$1,704,932	$1,165,981	$3,261,980	$538,951
2023	$1,145,927	$1,031,448	$2,738,259	$114,479
2022	$1,148,992	$801,979	$2,646,236	$347,013
2021	$779,893	$531,268	$2,260,768	$248,625

HOLY ANGELS ACADEMY