Island Angels Ltd

EIN: 841848975 501(c)(3) Arts, Culture & Humanities

Washington Island, WI

Total Revenue
$237,117
Total Expenses
$171,749
Total Assets
$141,965
Net Assets
$141,965
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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
2019
Legal Domicile
WI
Principal Officer
H Bruce McClaren
Phone
6302584300
Tax Period
2022-01-01 to 2022-12-31

Island Angels Ltd, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2022. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 28% operating margin.

Mission

To advance art, education, the performing arts, health and music on Washington Island, Wisconsin

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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 (2022)

Revenue Breakdown

Contributions & Grants $150,271
Program Service Revenue $84,478
Investment Income $68
Other Revenue $2,300
TOTAL REVENUE $237,117

Expense Breakdown

Grants Paid $171,488
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,488
Other Expenses $261
TOTAL EXPENSES $171,749

Year-over-Year Comparison

2022 2021 Change
Revenue $237,117 $103,003 +1.3%
Expenses $171,749 $29,500 +4.8%
Net Income $65,368 $73,503 -0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Helene Meyer Pres 2.00
Officer Director
$0 $0 $0
Judy Berger V P 1.00
Officer Director
$0 $0 $0
H Bruce McClaren Sec/Treas 1.00
Officer 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
2022 $237,117 $171,749 $141,965 $65,368
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