MERWIN MEMORIAL FREE CLINIC FOR ANIMALS INC (EIN 042121362) - 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

1932

Legal Domicile

Principal Officer

ELIZABETH W GATES

Phone

6177825420

Tax Period

2024-01-01 to 2024-12-31

MERWIN MEMORIAL FREE CLINIC FOR ANIMALS INC, founded in 1932, is a small nonprofit in the Animal-Related sector that reported $450K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $175K, a strong 39% operating margin.

Mission

OPERATION OF A VETERINARY CLINIC THAT PROVIDES MEDICAL CARE TO ANIMALS WHOSE OWNERS ARE UNABLE TO PAY FOR SUCH SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $166,887

Program Service Revenue $0

Investment Income $283,540

Other Revenue $0

TOTAL REVENUE $450,427

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $62,364

Fundraising Expenses $533

Program Expenses $196,822

Other Expenses $204,642

TOTAL EXPENSES $275,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,427	$494,930	-0.1%
Expenses	$275,006	$291,119	-0.1%
Net Income	$175,421	$203,811	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$36,868

Total Directors

$36,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH W GATES	TREASURER	15.00	Officer Director	$36,868	$0	$36,868
ANDREW W GATES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID C GATES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WALTER M BIRD III	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT LINCOLN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH W MAY	ASST TREASUR	1.00	Officer Director	$0	$0	$0
SANDRA W PENNINO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S WHEELER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD B WHEELER	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	$450,427	$275,006	$5,627,098	$175,421
2023	$494,930	$291,119	$4,974,800	$203,811
2022	$304,734	$268,467	$4,369,257	$36,267
2021	$225,197	$242,735	$5,356,129	$-17,538
2020	$271,165	$195,662	$4,704,427	$75,503
2019	$225,821	$213,289	$4,288,589	$12,532
2018	$356,101	$209,604	$3,660,969	$146,497

MERWIN MEMORIAL FREE CLINIC FOR ANIMALS INC