ANGELS FLIGHT RAILWAY FOUNDATION

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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

1995

Legal Domicile

Principal Officer

HAL BASTIAN

Phone

2134400242

Tax Period

2018-01-01 to 2018-12-31

ANGELS FLIGHT RAILWAY FOUNDATION, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $31K in total revenue in fiscal year 2018. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $429K exceeded revenue, resulting in a 1282% operating deficit.

Mission

SOLICITING AND CHANNELING OF PUBLIC AND GOVERNMENTAL FINANCIAL SUPPORT FOR THE ANGELS FLIGHT RAILWAY MUSEUM AND RELATED PROGRAMS SUPPORTING THE ANGELS FLIGHT RAILWAY.

Program Service Accomplishments

Program 1

Expenses: $375,864

THE ANGELS FLIGHT RAILWAY, WITH ITS RESTORED 1906 AND 1908 BUILDINGS, IS A WORKING MUSEUM THAT REOPENED IN 1996. HISTORIC ARTIFACTS NOT RE-USED IN THE RAILWAY RESTORATION WILL BE DISPLAYED IN A...

THE ANGELS FLIGHT RAILWAY, WITH ITS RESTORED 1906 AND 1908 BUILDINGS, IS A WORKING MUSEUM THAT REOPENED IN 1996. HISTORIC ARTIFACTS NOT RE-USED IN THE RAILWAY RESTORATION WILL BE DISPLAYED IN A GALLERY FACILITY. ALSO TO BE DISPLAYED WILL BE ARTWORK AND OTHER EDUCATION MATERIALS RELATED TO THE HISTORY OF THE RAILWAY AND EARLY LOS ANGELES. AFTER SIGNIFICANT RESTORATION WORK PERFORMED IN 2007-2009, AND WITH THE ASSISTANCE OF GRANTS FROM THE FOUNDATION, THE RAILWAY RECOMMENCED DAILY PUBLIC SERVICE IN MARCH, 2010. FOLLOWING A PERIOD OF RESTORATION AND NON-OPERATION COMMENCING IN SEPTEMBER, 2013, THE RAILWAY AGAIN BEGAN PUBLIC SERVICE OPERATIONS ON AUGUST 31, 2017.

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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 (2018)

Revenue Breakdown

Contributions & Grants $31,059

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,059

Expense Breakdown

Grants Paid $375,864

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375,864

Other Expenses $53,493

TOTAL EXPENSES $429,357

Year-over-Year Comparison

	2018	2017	Change
Revenue	$31,059	$710,573	-1.0%
Expenses	$429,357	$397,445	+0.1%
Net Income	$-398,298	$313,128	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADELE YELLIN	DIRECTOR/CHAIR	2.00	Director	$0	$0	$0
HAL BASTIAN	PRESIDENT	4.00	Officer	$0	$0	$0
NYAL W LESLIE	VP/CFO/SECRETARY	2.00	Officer	$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
2018	$31,059	$429,357	$128,205	$-398,298
2017	$710,573	$397,445	$526,503	$313,128