FRIENDS OF ANIMAL ADOPTIONS 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

1977

Legal Domicile

Principal Officer

DENYSE MADDEN

Phone

6517728983

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF ANIMAL ADOPTIONS INC, founded in 1977, is a community nonprofit in the Animal-Related sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $502K, a strong 34% operating margin.

Mission

FRIENDS OF ANIMAL ADOPTIONS, INC. (THE ORGANIZATION), IS A MINNESOTA NON- PROFIT ORGANIZATION WHOSE MISSION IS TO PREVENT CRUELTY TO ANIMALS; PROVIDE SHELTER, EMERGENCY AND OTHER MEDICAL CARE; AND TO FIND GOOD ADOPTIVE HOMES FOR CATS, DOGS, AND OTHER ANIMALS. IN ADDITION, TO PROVIDE SUPPORT EDUCATION AND CHARITY THAT PROMOTES THE HEALTH, SAFETY, AND WELFARE OF THESE ANIMALS WITHIN A NO-KILL PHILOSOPHY, AND TO ASSURE THAT HOMELESS ANIMALS THAT COME INTO ITS CARE ARE PROVIDED A SAFE HAVEN FOR AS LONG AS NECESSARY.

Program Service Accomplishments

Program 1

Expenses: $728,732 Revenue: $53,441

ANIMAL CARE AND ADOPTION - ANNUALLY, THE ORGANIZATION CARES FOR AND FINDS NEW HOMES FOR NEARLY 400 PETS. AS A NO-KILL FACILITY, THE ORGANIZATION WILL NOT END THE LIFE OF AN ANIMAL IN ITS CARE UNLESS THE ANIMAL IS TERMINALLY ILL OR PRESENTS A MATERIAL DANGER TO HUMAN SAFETY THAT CANNOT BE REMEDIATED THROUGH BEHAVIORAL REHABILITATION. EACH PET IS SCREENED FOR POTENTIALLY FATAL ILLNESSES, VACCINATED, DEWORMED, PROVIDED WITH FLEA AND TICK PREVENTION, MICRO-CHIPPED, AND SPAYED OR NEUTERED. ADDITIONALLY, THE ORGANIZATION PROVIDES EACH PET WITH DAILY CARE, INCLUDING FOOD, WATER, TRAINING, SOCIALIZATION, AND MEDICAL CARE AS NEEDED UNTIL A NEW HOME CAN BE FOUND FOR THEM. IT ALSO PARTNERS WITH VARIOUS ANIMAL CONTROL AND IMPOUND CENTERS, AS WELL AS OTHER LOCAL RESCUE ORGANIZATIONS, TO ASSIST IN THE RESCUE AND TRANSFER OF ANIMALS FOR ADOPTION.

Program 2

Expenses: $24,669

OUTREACH AND EDUCATION - THE ORGANIZATION PROVIDES EDUCATION TO THE PUBLIC IN VARIOUS FORMS, INCLUDING DISCUSSING ANIMAL ISSUES AND ADVOCATING FOR PUBLIC POLICIES TO PROTECT ANIMALS. ADDITIONALLY...

OUTREACH AND EDUCATION - THE ORGANIZATION PROVIDES EDUCATION TO THE PUBLIC IN VARIOUS FORMS, INCLUDING DISCUSSING ANIMAL ISSUES AND ADVOCATING FOR PUBLIC POLICIES TO PROTECT ANIMALS. ADDITIONALLY, THE ORGANIZATION PROVIDES PROGRAMS THAT HELP DECREASE THE NUMBER OF ANIMALS ENTERING SHELTERS AND INCREASE ADOPTIONS, INCLUDING SURRENDER COUNSELING, A COMPREHENSIVE ADOPTION PROGRAM, THE STRAY CAT HELP PROGRAM, AND PET FIX CERTIFICATES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,376,430

Program Service Revenue $53,441

Investment Income $56,893

Other Revenue $-3,895

TOTAL REVENUE $1,482,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,105

Fundraising Expenses $829

Program Expenses $753,401

Other Expenses $384,103

TOTAL EXPENSES $981,208

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,482,869	$887,420	+0.7%
Expenses	$981,208	$885,342	+0.1%
Net Income	$501,661	$2,078	+240.4%

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

$82,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE ROYAL	EXECUTIVE DI	40.00	Officer	$82,002	$0	$82,002
JOEL DIXON	BOARD MEMBER	5.00	Director	$0	$0	$0
DENYSE MADDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH SEDERSTROM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DR JERRY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS VITALI	SECRETARY	1.00	Officer Director	$0	$0	$0
DARYA VOLVATCH	TREASURER	1.00	Officer Director	$0	$0	$0
JANET WYMAN	BOARD MEMBER	3.00	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
2025	$1,482,869	$981,208	$3,265,708	$501,661
2024	No data	No data	No data	No data
2023	$846,639	$806,307	$2,487,424	$40,332
2022	$1,677,087	$680,012	$2,395,978	$997,075
2021	$604,410	$602,873	$1,525,572	$1,537
2020	$463,488	$627,319	$1,512,615	$-163,831
2019	$347,001	$551,020	$1,664,361	$-204,019
2018	$302,958	$499,386	$1,720,929	$-196,428