LOVEBUGS RESCUE

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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

2010

Legal Domicile

Principal Officer

HEATHER PETERSON

Phone

9496797445

Tax Period

2024-01-01 to 2024-12-31

LOVEBUGS RESCUE, founded in 2010, is a small nonprofit in the Animal-Related sector that reported $257K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 26% operating margin.

Mission

LOVEBUGS RESCUE IS A FOSTER BASED ANIMAL RESCUE LOCATED IN SOUTHERN CALIFORNIA. OUR GOAL IS TO WORK WITH LOCAL ANIMAL SHELTERS THAT ARE OVERPOPULATED SO WE MAY LESSEN THE AMOUNT OF ANIMALS BEING EUTHANIZED UNNECESSARILY. OUR HOPE IS THAT WE CAN EDUCATE PEOPLE HOW SERIOUS THIS ISSUE IS AND HOW EASY IT IS TO MAKE A DIFFERENCE

Program Service Accomplishments

Program 1

Expenses: $150,802

OUR MAIN PROGRAM SERVICE IS TO RESCUE ANIMALS FROM THE SHELTER, PROVIDE MEDICAL TREATMENT, GROOMING, TEMPERMENT TESTING, SPAY/NEUTER, MICROCHIP, AND UPDATE ON VACCINES AS REQUIRED BY LAW. THESE...

OUR MAIN PROGRAM SERVICE IS TO RESCUE ANIMALS FROM THE SHELTER, PROVIDE MEDICAL TREATMENT, GROOMING, TEMPERMENT TESTING, SPAY/NEUTER, MICROCHIP, AND UPDATE ON VACCINES AS REQUIRED BY LAW. THESE ANIMALS ARE FOSTERED IN VARIOUS HOMES THROUGHOUT ORANGE COUNTY, CA. WHEN THESE ANIMALS ARE READY TO TRANSITION TO A FOREVER HOME, WE PHOTOGRAPH AND LIST THESE ANIMALS UP FOR ADOPTION. THROUGH THAT PROCESS, THE PUBLIC WILL APPLY TO ADOPT A SPECIFIC ANIMAL. AFTER WE SCREEN POTENTIAL APPLICANTS, IF WE HAVE A MATCH FOR AN ANIMAL, WE PROVIDE AN IN-HOME TRANSITION, INITIATE AN ADOPTION CONTRACT, AND COLLECT AN ADOPTION FEE.

Program 2

Expenses: $27,329

LOVEBUGS RESCUE HAS A DESIGNATED FOSTER HOME FOR PARVO PUPPIES TO BE QUARANTINED WHILE THEY ARE IN RECOVERY. IF A PARVO INFECTED PUPPY IS NOT PICKED UP BY A RESCUE, THE SHELTER WILL EUTHANIZE THEM...

LOVEBUGS RESCUE HAS A DESIGNATED FOSTER HOME FOR PARVO PUPPIES TO BE QUARANTINED WHILE THEY ARE IN RECOVERY. IF A PARVO INFECTED PUPPY IS NOT PICKED UP BY A RESCUE, THE SHELTER WILL EUTHANIZE THEM DUE TO THE CONTAGIOUS NATURE OF THE PARVO VIRUS. PARVO DOGS ARE TYPICALLY UNDERAGED PUPPIES WHO HAVE NOT RECEIVED THEIR DHP VACCINATION, WHICH SHOULD BEGIN AT 8 WEEKS OLD. PARVO IS EXPENSIVE TO TREAT, HOWEVER WE BELIEVE THE DOGS IN OUR PROGRAM DESERVE A CHANCE TO LIVE. IF TREATED EARLY ENOUGH, PARVO HAS A HIGH RECOVERY RATE.

Program 3

Expenses: $218

IN 2018/2019, LOVEBUGS RESCUE INTRODUCED OUR SPAY & NEUTER VOUCHER PROGRAM. THIS PROGRAM WILL SUBSIDIZE THE EXPENSIVE VET COSTS ASSOCIATED WITH SPAY & NEUTER PROCEDURES FOR LOW INCOME HOUSEHOLDS. OUR PROGRAM ALSO INCLUDES A REGISTERED MICROCHIP FOR EACH PET FREE OF CHARGE. ACCIDENTAL LITTERS ARE ONE OF THE MAIN REASONS OUR LOCAL SHELTERS ARE SO OVERCROWDED. OUR PROGRAM IS DESIGNED TO BE A PART OF THE SOLUTION TO REDUCE THESE NUMBERS.

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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 $169,074

Program Service Revenue $81,369

Investment Income $6,575

Other Revenue $0

TOTAL REVENUE $257,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,534

Other Expenses $190,534

TOTAL EXPENSES $190,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,018	$217,596	+0.2%
Expenses	$190,534	$196,005	0.0%
Net Income	$66,484	$21,591	+2.1%

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

N/A

Employees

N/A

Volunteers

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
HEATHER PETERSON	FOUNDER	N/A	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	No data	No data	No data	No data
2024	$257,018	$190,534	$395,269	$66,484
2023	$217,596	$196,005	$310,908	$21,591
2022	$139,251	$167,606	$235,426	$-28,355
2021	$188,965	$170,999	$300,783	$17,966
2020	$213,367	$183,810	$257,358	$29,557
2019	$164,274	$113,055	$196,449	$51,219
2018	$168,005	$149,379	$146,927	$18,626