ONE STEP CLOSER ANIMAL RESCUE 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

2010

Legal Domicile

Principal Officer

CASSIE KOWALCHUK

Phone

9738102853

Tax Period

2023-01-01 to 2023-12-31

ONE STEP CLOSER ANIMAL RESCUE INC, founded in 2010, is a small nonprofit in the Animal-Related sector that reported $401K in total revenue in fiscal year 2023. Expenses of $353K left a modest 12% surplus.

Mission

ONE STEP CLOSER ANIMAL RESCUE, INC. IS A VOLUNTEER-BASED NON-PROFIT ORGANIZATION THAT SAVES DOGS/CATS FROM SHELTERS AND PLACES THEM IN FOREVER HOMES WHERE THEY CAN BE LOVED AND CARED FOR.

Program Service Accomplishments

Program 1

Expenses: $111,077 Revenue: $128,630

PET ADOPTION PROGRAM MATCHES RESCUE ANIMALS WITH HOMES BASED ON ESTABLISHED CRITERIA, FERAL CAT NEUTURING REDUCES FERAL CAT POPULATION AND BOARDING SERVICES ARE PROVIDED ON AN INTERIM BASIS.

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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 $181,760

Program Service Revenue $128,630

Investment Income $2,350

Other Revenue $88,322

TOTAL REVENUE $401,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,568

Fundraising Expenses $4,502

Program Expenses $111,077

Other Expenses $171,495

TOTAL EXPENSES $353,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,062	$379,201	+0.1%
Expenses	$353,063	$322,436	+0.1%
Net Income	$47,999	$56,765	-0.2%

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

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
CASSIE KOWALCHUK	PRESIDENT	25.00	Officer Director	$0	$0	$0
MARK RAAB	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
NANCY CHOFFO	SECRETARY	20.00	Officer Director	$0	$0	$0
DEBORAH KOWALCHUK	TREASURER	25.00	Officer Director	$0	$0	$0
FRANK VARGA	TRUSTEE	20.00	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	$401,062	$353,063	$901,155	$47,999
2022	$379,201	$322,436	$865,367	$56,765
2021	$339,182	$328,499	$821,318	$10,683
2020	$403,185	$276,532	$817,662	$126,653
2019	$351,993	$320,456	$700,897	$31,537
2018	$339,774	$300,651	$671,137	$39,123
2017	$357,760	$328,197	$640,491	$29,563