SUN ANGEL FOUNDATION (EIN 860138459) - 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

1947

Legal Domicile

Principal Officer

CHRIS MICHAELS

Phone

4807277700

Tax Period

2023-07-01 to 2024-06-30

SUN ANGEL FOUNDATION, founded in 1947, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $17.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $19.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

POSITIVELY REPRESENT ARIZONA STATE ATHLETICS & PROVIDE COMMUNICATION & SERVICES TO ALL CONSTITUENTS. RAISE PRIVATE FINANCIAL SUPPORT FOR STUDENT-ATHLETE WELFARE ISSUES & ATHLETIC FACILITIES FOR ASU.

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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 $16,838,878

Program Service Revenue $402,518

Investment Income $299,153

Other Revenue $-201,710

TOTAL REVENUE $17,338,839

Expense Breakdown

Grants Paid $17,185,267

Salaries & Benefits $0

Fundraising Expenses $1,463,139

Program Expenses $17,824,662

Other Expenses $2,336,282

TOTAL EXPENSES $19,521,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,338,839	$14,693,051	+0.2%
Expenses	$19,521,549	$16,829,794	+0.2%
Net Income	$-2,182,710	$-2,136,743	+0.0%

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

N/A

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

$414,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT NELSON	CEO, THE SUN ANGEL FOUNDATION	40.00	Officer	$300,698	$55,096	$355,794
FRANK FERRARA - CFO ASU	SUN DEVIL ATHLETICS (THRU 08/23)	6.00	Officer	$29,987	$3,611	$33,598
DANIEL WAKELY	CFO, ASU SUN DEVIL ATHLETICS	6.00	Officer	$23,319	$2,128	$25,447
CHRIS MICHAELS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT DONALDSON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE OLSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BARR	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER HOLSMAN-TETREAULT	SECRETARY	1.00	Officer Director	$0	$0	$0
RAYMOND ANDERSON	UNIVERSITY DIRECTOR	1.00	Officer Director	$0	$0	$0
GRETCHEN BUHLIG	UNIVERSITY DIRECTOR	1.00	Officer Director	$0	$0	$0
JIM RUND	UNIVERSITY DIRECTOR	1.00	Officer Director	$0	$0	$0
JEFF LOWE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BURG	DIRECTOR	1.00	Director	$0	$0	$0
MATT DANA	DIRECTOR	1.00	Director	$0	$0	$0
TOM GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
DALE GUTHRIE	DIRECTOR	1.00	Director	$0	$0	$0
LEN LASKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS LEACH	DIRECTOR	1.00	Director	$0	$0	$0
MONICA LIMON-WYNN	DIRECTOR	1.00	Director	$0	$0	$0
JIM ORDERS	DIRECTOR	1.00	Director	$0	$0	$0
DARCY ROYAL	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN STINE	DIRECTOR	1.00	Director	$0	$0	$0
DANNY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MARY MASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JP PATCHETT	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR PEARCE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SIMON	DIRECTOR	1.00	Director	$0	$0	$0
EMERSON WARD	DIRECTOR	1.00	Director	$0	$0	$0
JAY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE AGUIRRE	DIRECTOR	1.00	Director	$0	$0	$0
AJ MAESTAS	DIRECTOR	1.00	Director	$0	$0	$0
RAY ARTIGUE	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE VASQUEZ-LAPAN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$17,338,839	$19,521,549	$33,989,676	$-2,182,710
2023	$14,693,051	$16,829,794	$37,679,312	$-2,136,743
2022	$15,086,920	$10,208,986	$40,122,170	$4,877,934
2021	$9,354,798	$5,743,733	$37,255,454	$3,611,065
2020	$15,097,224	$14,940,811	$38,389,858	$156,413
2019	$22,588,237	$23,276,386	$37,589,400	$-688,149
2018	$20,648,557	$17,689,153	$44,465,123	$2,959,404

SUN ANGEL FOUNDATION