THATS WHAT FRIENDS ARE FOR INC C/O LORNA BARRETT

EIN: 262223839 501(c)(3) Animal-Related

AUGUSTA, GA

Total Revenue
$496,676
Total Expenses
$414,374
Total Assets
$135,669
Net Assets
$135,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
LORNA S BARRETT
Phone
7067262559
Tax Period
2025-01-01 to 2025-12-31

THATS WHAT FRIENDS ARE FOR INC C/O LORNA BARRETT, founded in 2008, is a small nonprofit in the Animal-Related sector that reported $497K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 17% operating margin.

Mission

WE RECOGNIZE THAT DOG AND CAT OVERPOPULATION IS A MAJOR BURDEN ON OUR COMMUNITIES RESULTING IN MANY UNWANTED ANIMALS. THE MOST EFFECTIVE WAY TO PREVENT THIS IS STERILIZATION; THEREFORE, OUR GOAL IS TO SPAY AND NEUTER AS MANY ANIMALS AS POSSIBLE. WE ARE A FUNDRAISING AND NETWORKING ORGANIZATION, DEDICATED TO RAISING FUNDS FOR ANIMAL RESCUE WORK, INCLUDING BUT NOT LIMITED TO THE SPAY AND NEUTER OF DOGS AND CATS. WE PROMOTE CAMARADERIE AND NETWORKING AMOUNG ANIMAL RESCUE GROUPS AND INDIVIDUALS INVOLVED IN IMPROVING ANIMAL WELFARE. OUR PLAN IS TO WORK TO BRING IN MORE FUNDING SO THAT WE CAN BE A BIGGER PART OF THE SOLUTION THE THE PROBLEM OF ANIMAL HOMELESSNESS AND CONTINUE TO REDUCE THE SHELTER INTAKE AND EUTHANASIA RATES IN OUR LOCAL COMMUNITIES. THE FUNDS WE RAISE ARE USED TO ASSIST WITH EXPENSES FOR STERILIZATION, VACCINES, AND EXTREME MEDICAL PROCEDURES NEEDED TO SAVE OR IMPROVE THE QUALITY OF LIFE FOR COMPANION ANIMALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $496,676
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $496,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $413,617
Other Expenses $414,374
TOTAL EXPENSES $414,374

Year-over-Year Comparison

2025 2024 Change
Revenue $496,676 $375,542 +0.3%
Expenses $414,374 $364,057 +0.1%
Net Income $82,302 $11,485 +6.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORNA S BARRETT CHAIRMAN 20.00
Officer Director
$0 $0 $0
MEREDITH BOBENCHIK SECRETARY 20.00
Officer Director
$0 $0 $0
TARA FORD ROMES BOARD MEMBER 5.00
Director
$0 $0 $0
JUDY MCCARTY BOARD MEMBER 2.00
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
2025 $496,676 $414,374 $135,669 $82,302
2024 $375,542 $364,057 $53,367 $11,485
2023 $347,167 $376,245 $41,882 $-29,078
2022 $296,103 $270,378 $70,960 $25,725
2021 $208,255 $192,402 $45,235 $15,853
2020 $228,273 $210,896 $29,382 $17,377
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