Milford Humane Society Inc

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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

1989

Legal Domicile

Principal Officer

Barbara Farrington

Phone

5084737008

Tax Period

2024-01-01 to 2024-12-31

Milford Humane Society Inc, founded in 1989, is a small nonprofit in the Animal-Related sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 21% operating deficit.

Mission

Find homes to adopt more than 200 cats per year and rehabilitation of stray and feral cats

Program Service Accomplishments

Program 1

Expenses: $156,042

Found homes to adopt more than 200 cats per year and rehabilitation of stray and feral cats

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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 $139,247

Program Service Revenue $0

Investment Income $4,562

Other Revenue $0

TOTAL REVENUE $143,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,042

Other Expenses $173,923

TOTAL EXPENSES $173,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,809	$447,391	-0.7%
Expenses	$173,923	$238,629	-0.3%
Net Income	$-30,114	$208,762	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanne Ridolfi	Director	2.00	Director	$0	$0	$0
Mary Redman	Director	2.00	Director	$0	$0	$0
Brenda Cascio	Director	2.00	Director	$0	$0	$0
Sandy Roukat	Director	2.00	Director	$0	$0	$0
Virginia Paradiso	Director	2.00	Director	$0	$0	$0
Barbara Farrington	President	10.00	Officer Director	$0	$0	$0
Merle Farrington	Treasurer	5.00	Officer Director	$0	$0	$0
Glenda Hazard	Clerk	2.00	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
2024	$143,809	$173,923	$801,545	$-30,114
2023	$447,391	$238,629	$771,837	$208,762
2022	$322,691	$256,496	$549,938	$66,195
2021	$223,897	$130,592	$506,265	$93,305
2020	$130,584	$134,938	$405,086	$-4,354