THE GREY MUZZLE ORGANIZATION

EIN: 261965495 501(c)(3) Animal-Related

RALEIGH, NC

Total Revenue
$1,816,426
Total Expenses
$2,227,424
Total Assets
$2,925,040
Net Assets
$1,300,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WA
Principal Officer
DENISE FLECK
Phone
9195290309
Tax Period
2024-07-01 to 2025-06-30

THE GREY MUZZLE ORGANIZATION, founded in 2008, is a community nonprofit in the Animal-Related sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO IMPROVE THE LIVES OF SENIOR HOMELESS DOGS AND TO SUPPORT THE DEVELOPMENT OF PROGRAMS AT ANIMAL WELFARE ORGANIZATIONS THAT SPECIFICALLY ASSIST SENIOR DOGS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,810,476
Program Service Revenue $0
Investment Income $3,182
Other Revenue $2,768
TOTAL REVENUE $1,816,426

Expense Breakdown

Grants Paid $1,733,105
Salaries & Benefits $195,856
Fundraising Expenses $123,473
Program Expenses $1,900,410
Other Expenses $298,463
TOTAL EXPENSES $2,227,424

Year-over-Year Comparison

2024 2023 Change
Revenue $1,816,426 $2,076,439 -0.1%
Expenses $2,227,424 $1,523,436 +0.5%
Net Income $-410,998 $553,003 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
50

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
6
$29,700
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA GIANNINI PRESIDENT (FROM FEBRUARY) 10.00
Officer Director
$0 $0 $0
MARC ZARETSKY VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
KELLI CHICKOS SECRETARY 2.00
Officer Director
$0 $0 $0
JIM PIKULA TREASURER 2.00
Officer Director
$0 $0 $0
ASHLEY ACKLEY DIRECTOR 2.00
Director
$0 $0 $0
JAN SHELLHAMMER DIRECTOR 2.00
Director
$0 $0 $0
TARA HARE DIRECTOR 2.00
Director
$0 $0 $0
ALISSA TOTURA DIRECTOR 2.00
Director
$0 $0 $0
DENISE FLECK EXECUTIVE DIRECTOR (FROM NOVEMBER) 35.00
Officer
$29,700 $0 $29,700
LISA LUNGHOFER EXECUTIVE DIRECTOR (THRU OCTOBER) 27.00
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 $1,816,426 $2,227,424 $2,925,040 $-410,998
2024 $2,076,439 $1,523,436 $1,736,564 $553,003
2023 $1,303,809 $1,187,675 $1,186,272 $116,134
2022 $1,244,488 $1,076,434 $1,063,463 $168,054
2021 $1,252,522 $884,367 $903,772 $368,155
2020 $1,049,484 $714,647 $530,324 $334,837
2019 $701,017 $580,289 $202,658 $120,728
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