ANGELHEART INC

EIN: 742990336 501(c)(3) Human Services

ROUND ROCK, TX

Total Revenue
$4,395,343
Total Expenses
$4,574,588
Total Assets
$7,327,129
Net Assets
$6,550,290
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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
2004
Legal Domicile
TX
Principal Officer
Meghann Oldis
Phone
1523109857
Tax Period
2024-09-01 to 2025-08-31

ANGELHEART INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2024.

Mission

To care for children - A Texas State Approved foster care and adoption placement service for children under the age of 18 that are in family or self crisis.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,851
Program Service Revenue $4,366,147
Investment Income $5,951
Other Revenue $13,394
TOTAL REVENUE $4,395,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,258,858
Fundraising Expenses $0
Program Expenses $4,379,281
Other Expenses $2,315,730
TOTAL EXPENSES $4,574,588

Year-over-Year Comparison

2024 2023 Change
Revenue $4,395,343 $4,113,017 +0.1%
Expenses $4,574,588 $4,104,016 +0.1%
Net Income $-179,245 $9,001 -20.9%
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

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Governance

Voting Members
4
Independent Members
4
Employees
47
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
4
$0
Total Directors
1
$103,819
Key Employees
1
$103,819
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Ramsey President 0.00
Officer
$0 $0 $0
Ryan Willett Board Member 0.00
Officer
$0 $0 $0
Lonnie Wendling Board Member 0.00
Officer
$0 $0 $0
Meghan Oldis Executive Director 45.00
Director Key Emp Highest
$100,712 $3,107 $103,819
Tara Knight Secretary 0.00
Officer
$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 $4,395,343 $4,574,588 $7,327,129 $-179,245
2024 $4,113,017 $4,104,016 $7,519,884 $9,001
2023 $4,716,605 $4,130,647 $8,103,115 $585,958
2022 $5,653,648 $4,442,808 $7,610,397 $1,210,840
2021 $5,101,329 $4,914,490 $6,600,172 $186,839
2020 $6,262,492 $5,187,383 $6,495,332 $1,075,109
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