Holy Angels Academy

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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

Phone

5022549440

Tax Period

2024-07-01 to 2025-06-30

Holy Angels Academy, founded in 1973, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 8% surplus.

Mission

Holy Angels Academy provides a faith-based educational program focused on academic excellence, character formation, and spiritual growth, preparing students to become knowledgeable, ethical, and service-oriented individuals.

Program Service Accomplishments

Program 1

Expenses: $1,227,005 Revenue: $629,466

During the year, Holy Angels Academy provided classroom instruction and student support services through the operation of a faith-based school. The Academy delivered academic programs and educational...

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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 $575,558

Program Service Revenue $629,466

Investment Income $7,095

Other Revenue $133,931

TOTAL REVENUE $1,346,050

Expense Breakdown

Grants Paid $2,950

Salaries & Benefits $769,119

Fundraising Expenses $0

Program Expenses $1,227,005

Other Expenses $460,701

TOTAL EXPENSES $1,232,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,346,050	$1,704,932	-0.2%
Expenses	$1,232,770	$1,165,981	+0.1%
Net Income	$113,280	$538,951	-0.8%

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

$73,500

Total Directors

$45,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Swearingen	Headmaster	40.00	Officer	$73,500	$0	$73,500
Terri Glotzbatch	2nd Grade Teacher	40.00	Director	$45,612	$0	$45,612
James Norton	Treasurer	5.00	Officer Director	$0	$0	$0
Robert Osting	Chairman and Secretary	5.00	Officer Director	$0	$0	$0
Timothy State	Vice Chairman	5.00	Officer Director	$0	$0	$0
Mary Kenney	Trustee	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
2025	$1,346,050	$1,232,770	$3,474,251	$113,280
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