ABOUT PETS INC

EIN: 274547475 501(c)(3) Animal-Related

Apollo Beach, FL

Total Revenue
$647,895
Total Expenses
$851,361
Total Assets
$79,460
Net Assets
$79,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
FL
Principal Officer
Gloria Wallace
Phone
8137782269
Tax Period
2023-01-01 to 2023-12-31

ABOUT PETS INC, founded in 2010, is a small nonprofit in the Animal-Related sector that reported $648K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $851K exceeded revenue, resulting in a 31% operating deficit.

Mission

To provide low cost spay neuter services for pets and low cost medical care to pets in order to reduce the number of cats and dogs given to shelters, abandoned, and left animal control facilities due to a complete lack of affordable basic health care and vaccinations and affordable birth control surgery.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $647,895
Investment Income $0
Other Revenue $0
TOTAL REVENUE $647,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,918
Fundraising Expenses $0
Program Expenses $851,361
Other Expenses $735,443
TOTAL EXPENSES $851,361

Year-over-Year Comparison

2023 2022 Change
Revenue $647,895 $730,211 -0.1%
Expenses $851,361 $573,700 +0.5%
Net Income $-203,466 $156,511 -2.3%
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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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
1

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
3
$73,038
Total Directors
0
$0
Key Employees
2
$73,038
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Wallace President 1
Officer Key Emp
$40,269 $0 $40,269
Gloria Wallace Vice President /Registered Agent 1
Officer Key Emp
$32,769 $0 $32,769
Emily Krajec Vice President 1
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
2023 $647,895 $851,361 $79,460 $-203,466
2022 $730,211 $573,700 $282,926 $156,511
2021 $730,346 $684,808 $126,415 $45,538
2020 $706,500 $677,134 $80,877 $29,366
2019 $633,415 $615,393 $72,608 $18,022
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