Petworks Animal Services Inc (EIN 371624021) - 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

2011

Legal Domicile

Principal Officer

Michelle Watts

Phone

4232471671

Tax Period

2023-07-01 to 2024-06-30

Petworks Animal Services Inc, founded in 2011, is a small nonprofit in the Animal-Related sector that reported $837K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $958K exceeded revenue, resulting in a 14% operating deficit.

Mission

To shelter, care for, and rehome adoptable 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,121

Program Service Revenue $606,598

Investment Income $2,579

Other Revenue $77,139

TOTAL REVENUE $837,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,244

Fundraising Expenses $0

Program Expenses $907,581

Other Expenses $470,201

TOTAL EXPENSES $958,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$837,437	$919,593	-0.1%
Expenses	$958,445	$913,196	+0.0%
Net Income	$-121,008	$6,397	-19.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Brummitt	Board member	001.00	Director	$0	$0	$0
MaryLee Davis	Board Member	001.00	Director	$0	$0	$0
Tori Gilliam	Board Member	001.00	Director	$0	$0	$0
Terri Jones	Board Member	001.00	Director	$0	$0	$0
Bonnie Macdonald	Board Member	001.00	Director	$0	$0	$0
Mindy Sames	Board Member	001.00	Director	$0	$0	$0
Michelle Watts	Executive Director	040.00	Director	$0	$0	$0
Russell Adkins	President	001.00	Officer	$0	$0	$0
John Campbell	Vice President	001.00	Officer	$0	$0	$0
John Morris	Treasurer	001.00	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	$837,437	$958,445	$3,821,995	$-121,008
2023	$919,593	$913,196	$3,936,933	$6,397
2022	$693,320	$763,509	$4,065,919	$-70,189
2021	$684,513	$603,142	$4,354,463	$81,371
2019	$1,527,835	$409,036	$1,478,973	$1,118,799

Petworks Animal Services Inc