FRIENDS OF ANIMAL ADOPTIONS INC

EIN: 411311053 501(c)(3) Animal-Related

HASTINGS, MN

Total Revenue
$1,482,869
Total Expenses
$981,208
Total Assets
$3,265,708
Net Assets
$3,201,990
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MN
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

TO PREVENT CRUELTY TO ANIMALS, PROVIDE TEMPORARY SHELTER, EMERGENCY CARE, AND EDUCATION THAT PROMOTES THE HEALTH, SAFETY, AND WELFARE OF 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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
37
Volunteers
85

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
5
$82,002
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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