Angel Fund (EIN 813348012) - 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

2016

Legal Domicile

Principal Officer

Kelly Grinsteinner

Phone

2189690805

Tax Period

2023-01-01 to 2023-12-31

Angel Fund, founded in 2016, is a small nonprofit in the Health Care sector that reported $246K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 38% operating margin.

Mission

To offer financial assistance to Northern Minnesota residents facing cancer for expenses not covered by medical insurance.

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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 $165,710

Program Service Revenue $0

Investment Income $9,339

Other Revenue $70,992

TOTAL REVENUE $246,041

Expense Breakdown

Grants Paid $126,600

Salaries & Benefits $19,047

Fundraising Expenses $782

Program Expenses $144,527

Other Expenses $7,262

TOTAL EXPENSES $152,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,041	$192,453	+0.3%
Expenses	$152,909	$116,051	+0.3%
Net Income	$93,132	$76,402	+0.2%

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

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

$17,500

Total Directors

$17,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kari Kilen	Board member	1.00	Director	$0	$0	$0
Kelly Grinsteinner	President	1.00	Officer Director	$17,500	$0	$17,500
Nicole Freeman	Treasurer	1.00	Officer Director	$0	$0	$0
Katie Finch	Secretary	1.00	Officer Director	$0	$0	$0
Meghan Hodge	Vice President	1.00	Officer Director	$0	$0	$0
Shannon Petroske	President	1.00	Officer Director	$0	$0	$0
Kelsey Unger	Board member	1.00	Director	$0	$0	$0
Stephanie Villella	Secretary	1.00	Officer Director	$0	$0	$0
Amber Bretto	Board member	1.00	Director	$0	$0	$0
Charlene Metzer	Board member	1.00	Director	$0	$0	$0
Morgan Seopa	Board member	1.00	Director	$0	$0	$0
Sheri Lee	Board member	1.00	Director	$0	$0	$0
Callie Luukkonen	Board member	1.00	Director	$0	$0	$0
Andy Tracy	Board member	1.00	Director	$0	$0	$0
Brittany Oberheiman	Board member	1.00	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
2024	No data	No data	No data	No data
2023	$246,041	$152,909	$579,623	$93,132
2022	$192,453	$116,051	$486,491	$76,402
2021	$164,754	$66,947	$414,493	$97,807
2020	$128,462	$37,652	$316,686	$90,810
2019	$95,346	$72,194	$225,876	$23,152
2018	$189,849	$78,185	$202,724	$111,664

Angel Fund