PROJECT ANGEL HEART

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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

1991

Legal Domicile

Principal Officer

DR MARTINA MACCHI

Phone

3038300202

Tax Period

2024-10-01 to 2025-09-30

PROJECT ANGEL HEART, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $7.9M in total revenue in fiscal year 2024.

Mission

PROJECT ANGEL HEART IMPROVES HEALTH AND WELL-BEING FOR PEOPLE WITH LIFE- THREATENING ILLNESSES BY PREPARING AND DELIVERING MEDICALLY TAILORED MEALS AND PROMOTING THE POWER OF FOOD AS MEDICINE.

Program Service Accomplishments

Program 1

Expenses: $6,382,879

NUTRITIOUS MEALS ARE DELIVERED OR SHIPPED WEEKLY TO PEOPLE LIVING WITH LIFE-THREATENING ILLNESSES THROUGHOUT COLORADO. THE AGENCY IS KNOWN FOR ONGOING FOOD AS MEDICINE ADVOCACY. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, PROJECT ANGEL HEART PREPARED AND DELIVERED OVER 801,691 MEALS TO 5,652 CLIENTS.

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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 $7,718,748

Program Service Revenue $0

Investment Income $143,079

Other Revenue $2,271

TOTAL REVENUE $7,864,098

Expense Breakdown

Grants Paid $2,106,169

Salaries & Benefits $4,007,690

Fundraising Expenses $1,205,063

Program Expenses $6,382,879

Other Expenses $1,961,902

TOTAL EXPENSES $8,075,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,864,098	$7,367,939	+0.1%
Expenses	$8,075,761	$7,519,919	+0.1%
Net Income	$-211,663	$-151,980	+0.4%

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

3529

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

$221,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER MILLER	CHAIR	3.00	Officer Director	$0	$0	$0
JEFF BONTRAGER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ROOPESH AGGARWAL	TREASURER	3.00	Officer Director	$0	$0	$0
MAUREEN GIRARD	SECRETARY	3.00	Officer Director	$0	$0	$0
KORI HADDIX	DIRECTOR, AT	3.00	Officer Director	$0	$0	$0
BRAD CLARK	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN DALY	DIRECTOR	2.00	Director	$0	$0	$0
AARON DEBOER	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
TRACY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
TRACY LIPPARD	DIRECTOR	2.00	Director	$0	$0	$0
CARISSA MCCABE	DIRECTOR	2.00	Director	$0	$0	$0
BRAD MARZULLO	DIRECTOR	2.00	Director	$0	$0	$0
GARY OUTLAW	DIRECTOR	2.00	Director	$0	$0	$0
BETH PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
ZULA SOLOMON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN STEINER	DIRECTOR	2.00	Director	$0	$0	$0
KATE THIES	DIRECTOR	2.00	Director	$0	$0	$0
DR MARTINA MACCHI	PRESIDENT/CE	40.00	Officer	$0	$0	$0
OWEN RYAN RESIGNED NOVEMBER 2024	PRESIDENT/CF	40.00	Officer	$209,292	$12,262	$221,554
RICHARD MARTINEZ	CFO	40.00	Highest	$149,038	$13,669	$162,707
ANDREA PACHECO	CDO	40.00	Highest	$145,987	$13,228	$159,215
KATHERINE JOHNSTON	COO	40.00	Highest	$111,019	$17,340	$128,359
BRANDY BROGAN	HIGHEST COMP	40.00	Highest	$103,860	$12,791	$116,651

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	$7,864,098	$8,075,761	$11,623,724	$-211,663
2024	$7,367,939	$7,519,919	$11,781,592	$-151,980
2023	$8,834,009	$6,938,183	$11,354,773	$1,895,826
2022	$7,497,401	$6,538,655	$9,670,651	$958,746
2021	$6,509,921	$5,415,656	$8,549,323	$1,094,265
2020	$5,522,401	$5,067,960	$7,625,427	$454,441
2019	$4,777,766	$4,530,221	$6,844,711	$247,545
2018	$3,845,874	$3,875,524	$6,472,404	$-29,650