PROJECT ANGEL HEART (EIN 841199481) - 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

1991

Legal Domicile

Principal Officer

RICHARD MARTINEZ

Phone

3038300202

Tax Period

2023-10-01 to 2024-09-30

PROJECT ANGEL HEART, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $7.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PROJECT ANGEL HEART PROMOTES FOOD AS MEDICINE, PREPARING AND DELIVERING MEDICALLY TAILORED MEALS TO IMPROVE HEALTH AND WELL-BEING FOR THOSE WITH LIFE-THREATENING ILLNESS.

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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 $7,231,468

Program Service Revenue $0

Investment Income $145,711

Other Revenue $-9,240

TOTAL REVENUE $7,367,939

Expense Breakdown

Grants Paid $2,037,141

Salaries & Benefits $3,860,932

Fundraising Expenses $1,002,375

Program Expenses $6,030,845

Other Expenses $1,621,846

TOTAL EXPENSES $7,519,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,367,939	$8,834,009	-0.2%
Expenses	$7,519,919	$6,938,183	+0.1%
Net Income	$-151,980	$1,895,826	-1.1%

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

3013

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

$210,807

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
SUZY RICKLEFS	TREASURER	3.00	Officer Director	$0	$0	$0
MAUREEN GIRARD	SECRETARY	3.00	Officer Director	$0	$0	$0
RANDY LINDSAY-BRISBIN	DIRECTOR, AT	3.00	Officer Director	$0	$0	$0
KORI MAGALLANEZ	DIRECTOR, AT	3.00	Officer Director	$0	$0	$0
ROOPESH AGGARWAL	DIRECTOR	2.00	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
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
JEFF SEPICH	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
OWEN RYAN	PRESIDENT/CE	40.00	Officer	$203,676	$7,131	$210,807
KATHERINE JOHNSTON	COO	40.00	Highest	$102,329	$21,511	$123,840

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	$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

PROJECT ANGEL HEART