FOREVER HOMES RESCUE NEW ENGLAND INC (EIN 262077869) - 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

2008

Legal Domicile

Principal Officer

JOANNE WILKINSON

Phone

5086336092

Tax Period

2023-01-01 to 2023-12-31

FOREVER HOMES RESCUE NEW ENGLAND INC, founded in 2008, is a small nonprofit in the Animal-Related sector that reported $336K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $375K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO FIND LOVING FOREVER HOMES FOR THE DOGS RESCUED BY THIS ALL VOLUNTEER AGENCY.

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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 $114,087

Program Service Revenue $222,027

Investment Income $0

Other Revenue $0

TOTAL REVENUE $336,114

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,125

Other Expenses $356,668

TOTAL EXPENSES $374,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,114	$405,286	-0.2%
Expenses	$374,668	$367,430	+0.0%
Net Income	$-38,554	$37,856	-2.0%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE WILKINSON	PRESIDENT	20.00	Officer Director	$0	$0	$0
DONNA DRISCOLL	TREASURER	10.00	Officer Director	$0	$0	$0
TERRY HILTZ	SECRETARY	10.00	Officer Director	$0	$0	$0
LINDA KAMB	DIRECTOR	10.00	Director	$0	$0	$0
KATHY RAYMOND	DIRECTOR	10.00	Director	$0	$0	$0
JULIE ROSENMAN	DIRECTOR	10.00	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	$336,114	$374,668	$180,275	$-38,554
2023	$355,154	$372,844	$180,274	$-17,690
2022	$405,286	$367,430	$237,837	$37,856
2021	$333,388	$346,074	$107,013	$-12,686
2020	$324,075	$364,641	$116,170	$-40,566
2019	$355,307	$346,614	$159,560	$8,693
2018	$390,208	$382,596	$150,406	$7,612

FOREVER HOMES RESCUE NEW ENGLAND INC