Attic Angel Association
Nonprofit profile at a glance
- EIN
- 390854841
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Madison, WI, USA
- Phone
- 6086628900
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $1,604,346
- Expenses
- $1,287,816
- Assets
- $17,564,813
- Liabilities
- $646,554
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MICHELLE GODFREY (CEO)
- KIMBERLY BLUM (CAMPUS EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHELLE GODFREY (CEO): $230,539 total reported compensation
- KIMBERLY BLUM (CAMPUS EXECUTIVE DIRECTOR): $176,261 total reported compensation
- DEREK BUCKLEY (VP HOUSING & MANAGED SRV): $163,018 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Attic angel association is a not-for-profit, independent organization of volunteers who improve the quality of life within dane county. Members meet health and human service needs through volunteer and financial support with special concern for children and the elderly. A major focus is attic angel community which provides living and health care option for older adults.
What it reported doing in 2024
Attic angel association - the association has been an independent organization for over 130 years and currently has 486 members. Members improve the quality of life for approximately 11,000 dane county children and elderly through contributions of time, talent, and financial resources.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 70
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.4%; rating input score 87
- Program expense ratio: 72.9%; rating input score 73
- Fundraising efficiency: $21.88 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 68.4%; rating input score 68; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.7%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 13.64; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 78.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -16.3% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -10.3% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 87.4% of revenue deployed · 72.9% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $939K in reported program spending
- Leadership: top reported pay $231K · 17 people listed · 4 of 6 pay-setting controls reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 12 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.