Forgotten Angels Inc (EIN 760638579) - 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

2000

Legal Domicile

Principal Officer

Teresa Gorman

Phone

2819935116

Tax Period

2023-09-01 to 2024-08-31

Forgotten Angels Inc, founded in 2000, is a community nonprofit in the Human Services sector that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 6% surplus.

Mission

Forgotten Angels provides care services 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 (2023)

Revenue Breakdown

Contributions & Grants $1,200

Program Service Revenue $9,034,431

Investment Income $800

Other Revenue $0

TOTAL REVENUE $9,036,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,114,591

Fundraising Expenses $0

Program Expenses $7,446,158

Other Expenses $4,401,576

TOTAL EXPENSES $8,516,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,036,431	$7,954,101	+0.1%
Expenses	$8,516,167	$8,239,433	+0.0%
Net Income	$520,264	$-285,332	-2.8%

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

192

Volunteers

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

$275,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Teresa Gorman	President	1.00	Officer Director	$0	$0	$0
Carol Ann Drees	Secretary	1.00	Officer Director	$0	$0	$0
Steve Capello	Treasurer	1.00	Officer Director	$0	$0	$0
Julie Kelly	Executive Program Administor	40.00	Officer	$125,461	$0	$125,461
Amanda Peakes-Taylor	Executive Program Administor	40.00	Officer	$150,433	$0	$150,433

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	$9,036,431	$8,516,167	$1,923,238	$520,264
2023	$7,954,101	$8,239,433	$788,589	$-285,332
2022	$7,980,670	$7,904,391	$3,669,410	$76,279
2021	$8,621,031	$7,938,310	$1,121,528	$682,721
2020	$8,071,215	$7,780,414	$1,777,743	$290,801
2019	$7,421,309	$7,510,029	$1,132,677	$-88,720
2018	$6,539,958	$6,395,425	$811,645	$144,533

Forgotten Angels Inc