PALS FOR LIFE ASSOCIATION (EIN 222540440) - 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

1985

Legal Domicile

Phone

6106871101

Tax Period

2023-01-01 to 2023-12-31

PALS FOR LIFE ASSOCIATION, founded in 1985, is a small nonprofit that reported $139K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $182K exceeded revenue, resulting in a 31% operating deficit.

Mission

PALS FOR LIFE IS A NOT FOR PROFIT ORGANIZATION DEDICATED TO PROVIDING VISITS FROM EVALUATED COMPANION ANIMALS AND HUMAN VOLUNTEERS IN ORDER TO ACHIEVE THERAPEUTIC BENEFITS FOR THOSE IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,050

Program Service Revenue $57,050

Investment Income $6,208

Other Revenue $-2,205

TOTAL REVENUE $139,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,009

Fundraising Expenses $13,087

Program Expenses $147,265

Other Expenses $47,901

TOTAL EXPENSES $181,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,103	$165,871	-0.2%
Expenses	$181,910	$183,385	0.0%
Net Income	$-42,807	$-17,514	+1.4%

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

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

$70,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DI	40.00	Officer	$70,200	$0	$70,200
GLENN AMARELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN BARSOTTINI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ELLEN DAVIS	TREASURER	2.00	Officer Director	$0	$0	$0
KATHRYN JENNINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA KIELICH	PRESIDENT	50.00	Officer Director	$0	$0	$0
ALEXA MASCIANTONIO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE MAX	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN PERRAS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ROWLEY	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$139,103	$181,910	$178,219	$-42,807
2022	$165,871	$183,385	$215,986	$-17,514
2021	$189,981	$199,930	$258,146	$-9,949
2020	$206,280	$197,866	$270,614	$8,414
2019	$293,473	$204,646	$264,518	$88,827
2018	$251,487	$200,345	$167,722	$51,142

PALS FOR LIFE ASSOCIATION