HOMEWARD BOUND DOG RESCUE INC

EIN: 411956351 501(c)(3) Animal-Related

MONTICELLO, MN

Total Revenue
$158,122
Total Expenses
$159,522
Total Assets
$4,803
Net Assets
$4,803
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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
2006
Legal Domicile
MN
Principal Officer
CHERYL ADAMS
Phone
7632953006
Tax Period
2024-01-01 to 2024-12-31

HOMEWARD BOUND DOG RESCUE INC, founded in 2006, is a small nonprofit in the Animal-Related sector that reported $158K in total revenue in fiscal year 2024.

Mission

HOMEWARD BOUND IS DEDICATED TO RESCUING HOMELESS AND UNWANTED ANIMALS AND PLACING THEM IN NEW HOMES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,115
Program Service Revenue $131,006
Investment Income $1
Other Revenue $0
TOTAL REVENUE $158,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $154,398
Other Expenses $159,522
TOTAL EXPENSES $159,522

Year-over-Year Comparison

2024 2023 Change
Revenue $158,122 $164,512 0.0%
Expenses $159,522 $168,442 -0.1%
Net Income $-1,400 $-3,930 -0.6%
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
3
Independent Members
2
Employees
N/A
Volunteers
25

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL ADAMS EXECUTIVE DI 40.00
Director
$0 $0 $0
KRISTI ADAMS DIRECTOR 1.00
Director
$0 $0 $0
EDWINA FRANCHILD DIRECTOR 8.00
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
2024 $158,122 $159,522 $4,803 $-1,400
2023 $164,512 $168,442 $6,203 $-3,930
2022 $151,819 $151,918 $10,133 $-99
2021 $127,680 $147,184 $12,501 $-19,504
2020 $117,147 $126,914 $29,736 $-9,767
2019 $109,012 $130,181 $52,729 $-21,169
2018 $242,265 $246,744 $95,323 $-4,479
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