CASTAWAYS ANIMAL SHELTER & SANCTUARY LTD C/O VERDON W PARHAM (EIN 201123971) - 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

2004

Legal Domicile

Principal Officer

VERDON W PARHAM

Phone

6204331024

Tax Period

2024-01-01 to 2024-12-31

CASTAWAYS ANIMAL SHELTER & SANCTUARY LTD C/O VERDON W PARHAM, founded in 2004, is a micro nonprofit in the Animal-Related sector that reported $14K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 260% operating deficit.

Mission

TO SERVE AS AN ADVOCATE FOR ANIMALS.

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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 $13,896

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $13,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,043

Other Expenses $50,043

TOTAL EXPENSES $50,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,908	$46,630	-0.7%
Expenses	$50,043	$38,580	+0.3%
Net Income	$-36,135	$8,050	-5.5%

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
HERMAN COLVIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JUDY PARHAM	SECRETARY	4.00	Officer Director	$0	$0	$0
VERDON W PARHAM	PRESIDENT	36.00	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	$13,908	$50,043	$364,758	$-36,135
2023	$46,630	$38,580	$400,893	$8,050
2022	$30,646	$22,064	$392,843	$8,582
2021	$70,677	$11,218	$384,261	$59,459
2020	$12,009	$3,924	$324,802	$8,085
2019	$29,325	$9,822	$316,717	$19,503
2018	$41,726	$5,961	$297,214	$35,765

CASTAWAYS ANIMAL SHELTER & SANCTUARY LTD C/O VERDON W PARHAM