CANINE THERAPY CORPS INC (EIN 363821587) - 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

1991

Legal Domicile

Principal Officer

SHEILA GIDLEY

Phone

7734046467

Tax Period

2023-01-01 to 2023-12-31

CANINE THERAPY CORPS INC, founded in 1991, is a small nonprofit in the Health Care sector that reported $347K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $564K exceeded revenue, resulting in a 62% operating deficit.

Mission

CANINE THERAPY CORPS EMPOWERS AND MOTIVATES INDIVIDUALS TO IMPROVE THEIR PHYSICAL AND PSYCHOLOGICAL HEALTH AND WELL-BEING BY HARNESSING THE HUMA-ANIMAL BOND. THEY PROVIDE GOAL-DIRECTED, INTERACTIVE ANIMAL-ASSISTED THERAPY SERVICES FREE OF CHARGE USING VOLUNTEERS AND CERTIFIED THERAPY DOGS AND ADVANCES ANIMAL-ASSISTED INTERVENTIONS THROUGH RESEARCH AND COLLABORATION. THEY ALSO PROVIDE TRAINING FOR THE VOLUNTEERS AND THE THERAPY DOGS.

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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 $289,948

Program Service Revenue $111,234

Investment Income $4,043

Other Revenue $-57,784

TOTAL REVENUE $347,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,132

Fundraising Expenses $192,163

Program Expenses $266,870

Other Expenses $215,371

TOTAL EXPENSES $563,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,441	$380,224	-0.1%
Expenses	$563,503	$553,788	+0.0%
Net Income	$-216,062	$-173,564	+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

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

$127,072

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY BENNETT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALLY BAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT KOWALCZYK	TREASURER	1.00	Officer Director	$0	$0	$0
MARGEE ELIAS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE GRANT	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER HADELMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAYAN BARDHAN	DIRECTOR	1.00	Director	$0	$0	$0
WILL WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CONWAY JR	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH CROWN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY KRENGER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RUSTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE ST CLAIR	DIRECTOR	1.00	Director	$0	$0	$0
AMY WELZER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BRIGHTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANN DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA GIDLEY	EXECUTIVE DIRECTOR	40.00	Officer	$86,014	$0	$86,014
CALLANDRE COZZOLINO	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$41,058	$0	$41,058

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	$347,441	$563,503	$1,165,513	$-216,062
2022	$380,224	$553,788	$1,401,286	$-173,564
2021	$529,042	$520,377	$1,592,971	$8,665
2020	$1,027,527	$414,920	$1,633,952	$612,607
2019	$452,794	$454,033	$1,003,309	$-1,239
2018	$574,872	$331,121	$1,045,809	$243,751

CANINE THERAPY CORPS INC