THE SPAYED CLUB (EIN 232822590) - 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

1995

Legal Domicile

Principal Officer

SUSAN SPINELLO

Phone

6103568543

Tax Period

2023-01-01 to 2023-12-31

THE SPAYED CLUB, founded in 1995, is a community nonprofit in the Animal-Related sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

Veterinary clinic where licensed veterinarians provide low-cost or free medical care & spay or neuter for cats and dogs, in effort to reduce or eliminate dog and cat euthanasia in the Greater Philadelphia area.

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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 $50,275

Program Service Revenue $831,687

Investment Income $88,838

Other Revenue $99,306

TOTAL REVENUE $1,070,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,854

Fundraising Expenses $6,915

Program Expenses $1,298,938

Other Expenses $685,429

TOTAL EXPENSES $1,466,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,070,106	$10,847,770	-0.9%
Expenses	$1,466,283	$1,240,462	+0.2%
Net Income	$-396,177	$9,607,308	-1.0%

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

$38,216

Total Directors

$2,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH ALEXANDER	VETERINARIAN	40.00		$133,867	$0	$133,867
NATALIE DAVID	VETERINARIAN	40.00		$118,627	$0	$118,627
DONNA DYBUS	CLINIC DIRECTOR	40.00	Officer	$34,723	$3,493	$38,216
MARY FISCHER-NASSIB	Director	4.00	Director	$2,625	$0	$2,625
TRISH MCBRIDE	Board Member	1.00	Director	$0	$0	$0
STEVEN ZELITCH ESQ	COUNSEL	1.00	Director	$0	$0	$0
PATTI FERRO	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE GASPARI	Secretary	2.00	Director	$0	$0	$0
SUSAN SPINELLO	CEO	20.00	Officer	$0	$0	$0
CARLA CHEIFFO	President	10.00	Officer	$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	$1,070,106	$1,466,283	$11,934,553	$-396,177
2022	$10,847,770	$1,240,462	$11,451,435	$9,607,308
2021	$1,768,711	$892,931	$2,259,456	$875,780
2020	$1,495,140	$906,719	$1,328,315	$588,421
2019	$955,358	$915,118	$743,383	$40,240
2018	$839,246	$669,308	$708,278	$169,938

THE SPAYED CLUB