HEART OF THE VALLEY 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

1973

Legal Domicile

Principal Officer

CORY PULFREY

Phone

4063889399

Tax Period

2024-01-01 to 2024-12-31

HEART OF THE VALLEY INC, founded in 1973, is a community nonprofit in the Animal-Related sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $11.6M represent 64 months of operating reserves.

Mission

TO COMPASSIONATELY SHELTER THE LOST AND SURRENDERED PETS OF GALLATIN AND MADISON VALLEYS, AND TO ENHANCE THE LIVES OF PEOPLE AND COMPANION ANIMALS THROUGH PET ADOPTION AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,885,267 Revenue: $488,424

TO CREATE A HUMANE COMMUNITY BY SHELTERING AND SECURING NEW HOMES FOR LOST AND SURRENDERED COMPANION ANIMALS; HELP CONTROL PET OVERPOPULATION; ENCOURAGING POSITIVE PET OWNERSHIP THROUGH HUMANE...

TO CREATE A HUMANE COMMUNITY BY SHELTERING AND SECURING NEW HOMES FOR LOST AND SURRENDERED COMPANION ANIMALS; HELP CONTROL PET OVERPOPULATION; ENCOURAGING POSITIVE PET OWNERSHIP THROUGH HUMANE EDUCATION AND TRAINING; PROMOTING BEST PRACTICES IN SHELTER OPERATIONS AND MEDICINE; SERVING AS A COMMUNITY RESOURCE ON ANIMAL WELFARE ISSUES.

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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 $1,420,352

Program Service Revenue $488,424

Investment Income $275,591

Other Revenue $-18,517

TOTAL REVENUE $2,165,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,543,208

Fundraising Expenses $283,044

Program Expenses $1,885,267

Other Expenses $799,677

TOTAL EXPENSES $2,342,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,165,850	$2,431,838	-0.1%
Expenses	$2,342,885	$2,184,591	+0.1%
Net Income	$-177,035	$247,247	-1.7%

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

546

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

$146,209

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA CAULK	Executive Dir.	40.00	Officer	$140,722	$5,487	$146,209
CORY PULFREY	President	1.00	Officer Director	$0	$0	$0
MALLORY LOPEZ	Director	1.00	Director	$0	$0	$0
LISA GANN	Director	1.00	Director	$0	$0	$0
SHAUNA DECKERT	Director	1.00	Director	$0	$0	$0
GORDON HARDAWAY	Director	1.00	Director	$0	$0	$0
LAURA JERMYN	Director	1.00	Director	$0	$0	$0
STEVE BLACKMORE	Treasurer	1.00	Officer Director	$0	$0	$0
KEVIN PANCICH	Director	1.00	Director	$0	$0	$0
SARAH MILLIGAN	Director	1.00	Director	$0	$0	$0
BRAD LUDFORD	Secretary	1.00	Officer Director	$0	$0	$0
CAROLYN WILLIAMS	Director	1.00	Director	$0	$0	$0
ABBEY BEADLE	Vice President	1.00	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
2025	No data	No data	No data	No data
2024	$2,165,850	$2,342,885	$11,748,881	$-177,035
2023	$2,431,838	$2,184,591	$11,496,463	$247,247
2022	$2,698,230	$1,940,184	$10,616,798	$758,046
2021	$2,308,904	$1,740,118	$10,997,030	$568,786
2020	$2,107,994	$1,619,487	$10,117,254	$488,507
2019	$1,646,299	$1,610,759	$8,765,769	$35,540
2018	$1,536,100	$1,610,551	$7,979,242	$-74,451