PET IA - LEIGHTON (EIN 451837281) - 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

PETE W VERHEY

Phone

6416281118

Tax Period

2023-01-01 to 2023-12-31

PET IA - LEIGHTON, founded in 2011, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $177K left a modest 5% surplus.

Mission

PRODUCTION AND DISTRIBUTION OF 3 WHEELED, HAND CRANKED, ALL TERRAIN WHEEL CHAIRS FOR PERSONS AROUND THE WORLD WHO HAVE LOST THE USE OF THEIR LEGS. OVER 5000 WHEEL CHAIRS HAVE BEEN BUILT IN THE LAST 9 YEARS

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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 $186,077

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $186,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,569

Other Expenses $176,569

TOTAL EXPENSES $176,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,077	$198,632	-0.1%
Expenses	$176,569	$268,762	-0.3%
Net Income	$9,508	$-70,130	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE W VERHEY	PRESIDENT	20.00	Officer Director	$0	$0	$0
LARRY GEETINGS	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
CAROL S VERHEY	TREASURER	5.00	Officer Director	$0	$0	$0
GERRIT VERHEY	DIRECTOR	5.00	Director	$0	$0	$0
ANDY SYTSMA	DIRECTOR	5.00	Director	$0	$0	$0
MARV ROZENDAAL	DIRECTOR	5.00	Director	$0	$0	$0
JENNIE GEETINGS	DIRECTOR	5.00	Director	$0	$0	$0
LINDA JANSEN	DIRECTOR	5.00	Director	$0	$0	$0
BRYCE JANDEN	DIRECTOR	5.00	Director	$0	$0	$0
DALE VAN ARENDONK	DIRECTOR	5.00	Director	$0	$0	$0
KAREN SYTSMA	DIRECTOR	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$186,077	$176,569	$218,041	$9,508
2022	$198,632	$268,762	$208,533	$-70,130
2021	$229,133	$182,805	$278,663	$46,328
2020	$212,493	$147,162	$232,335	$65,331
2020	$212,493	$145,838	$232,334	$66,655

PET IA - LEIGHTON