WATAUGA HUMANE SOCIETY

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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

1969

Legal Domicile

Principal Officer

PAULA KATERS

Phone

8282647865

Tax Period

2024-07-01 to 2025-06-30

WATAUGA HUMANE SOCIETY, founded in 1969, is a community nonprofit in the Animal-Related sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE PURPOSE OF THE WATAUGA HUMANE SOCIETY IS TO PROVIDE THE FOLLOWING: A WELL-EQUIPPED AND APPROPRIATELY STAFFED FACILITY WHERE THE CITIZENS OF WATAUGA COUNTY CAN BRING UNWANTED OR ABANDONED ANIMALS; RELIEF OF SUFFERING AMONG ANIMALS; PROVISIONS OF FOOD, SHELTER, MEDICAL CARE AND LOVE TO HOMELESS ANIMALS WHILE THEY AWAIT PERMANENT HOMES; ASSISTANCE WITH CONTROL OF UNWANTED ANIMALS BY OFFERING LOW-COST SPAY/NEUTER SERVICES; EDUCATION TO THE PUBLIC ABOUT RESPONSIBLE ANIMAL OWNERSHIP AND CARE.

Program Service Accomplishments

Program 1

Expenses: $1,167,673 Revenue: $111,305

THE ANIMAL SHELTER PROVIDES SHELTER FOR UNWANTED ANIMALS. SPAY AND NEUTER SERVICES, MICROCHIP CLINICS, MEDICAL CARE FOR SHELTER ANIMALS, AND EDUCATION PROGRAMS FOR THE PUBLIC REGARDING ANIMAL CARE...

THE ANIMAL SHELTER PROVIDES SHELTER FOR UNWANTED ANIMALS. SPAY AND NEUTER SERVICES, MICROCHIP CLINICS, MEDICAL CARE FOR SHELTER ANIMALS, AND EDUCATION PROGRAMS FOR THE PUBLIC REGARDING ANIMAL CARE AND PREVENTION OF ABUSE.

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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 $829,220

Program Service Revenue $110,084

Investment Income $65,676

Other Revenue $85,657

TOTAL REVENUE $1,090,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $740,640

Fundraising Expenses $96,500

Program Expenses $1,167,673

Other Expenses $658,209

TOTAL EXPENSES $1,398,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,090,637	$997,121	+0.1%
Expenses	$1,398,849	$1,256,767	+0.1%
Net Income	$-308,212	$-259,646	+0.2%

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

278

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

$108,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN ROMANUS	TREASURER	5.00	Officer Director	$0	$0	$0
NAJLA CARLTON	DIRECTOR	2.00	Director	$0	$0	$0
SHANTE' MATHES	DIRECTOR	2.00	Director	$0	$0	$0
PAULA KATERS	PRESIDENT	10.00	Officer Director	$0	$0	$0
STACY BROOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY TURNBOW	COUNTY COMMISSIONER	2.00	Director	$0	$0	$0
KRISTAN COCKERILL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NORMAN CROTTS	DIRECTOR	2.00	Director	$0	$0	$0
AMY LEA	DIRECTOR	2.00	Director	$0	$0	$0
MEGHAN WILLS	DIRECTOR	2.00	Director	$0	$0	$0
LESLEY ASHWORTH	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE CHEEK	DIRECTOR	2.00	Director	$0	$0	$0
PATTY DALE	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEE YEPEZ	DIRECTOR OF OPERATIONS	40.00	Officer	$58,400	$1,752	$60,152
JUSTIN VANDER	EXECUTIVE DIRECTOR THRU 09/2024	40.00	Officer	$47,308	$1,385	$48,693
COURTNEY TAYLOR	DIRECTOR OF DEVELOPMENT BEG 02/2025	40.00	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
2025	$1,090,637	$1,398,849	$4,706,247	$-308,212
2024	$997,121	$1,256,767	$4,995,709	$-259,646
2023	$968,946	$1,085,001	$5,295,896	$-116,055
2022	$2,303,572	$966,158	$5,466,993	$1,337,414
2021	$1,073,658	$759,882	$4,126,649	$313,776
2020	$1,061,735	$792,157	$3,903,254	$269,578
2019	$888,768	$845,777	$3,638,153	$42,991
2018	$1,226,846	$860,283	$3,718,732	$366,563