OPERATION SPAY BAY INC

EIN: 452931723 501(c)(3) Animal-Related

Panama City, FL

Total Revenue
$2,502,194
Total Expenses
$2,158,869
Total Assets
$2,701,854
Net Assets
$1,378,558
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
Terry Cotter
Phone
8502151022
Tax Period
2023-01-01 to 2023-12-31

OPERATION SPAY BAY INC, founded in 2011, is a community nonprofit in the Animal-Related sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 14% surplus.

Mission

Reduce the amount of unwanted cats and dogs through high volume, low cost spay and neuter services. Provide affordable veterinary care and wellness services. Assist in the placement of healthy cats and dogs through adoption and transport programs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $601,057
Program Service Revenue $1,900,966
Investment Income $171
Other Revenue $0
TOTAL REVENUE $2,502,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,146,747
Fundraising Expenses $1,244
Program Expenses $2,149,006
Other Expenses $1,012,122
TOTAL EXPENSES $2,158,869

Year-over-Year Comparison

2023 2022 Change
Revenue $2,502,194 $1,758,518 +0.4%
Expenses $2,158,869 $1,724,638 +0.3%
Net Income $343,325 $33,880 +9.1%
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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Governance

Voting Members
7
Independent Members
4
Employees
36
Volunteers
10

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
3
$14,565
Total Directors
4
$0
Key Employees
2
$212,861
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Alicia Bays Trustee 30
Key Emp Highest
$151,225 $0 $151,225
Jessica Hendrix Trustee 40
Key Emp
$61,636 $0 $61,636
Terry Cotter Trustee 16
Officer
$14,565 $0 $14,565
Stacey Cromer Director 2
Director
$0 $0 $0
Charles Cromer Director 2
Director
$0 $0 $0
Acey Blanco-Pickle Director 6
Director
$0 $0 $0
Erin James Director 2
Director
$0 $0 $0
Beverly Sheen Secretary 2
Officer
$0 $0 $0
Mary Marie Clemo President 2
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
2024 No data No data No data No data
2023 $2,502,194 $2,158,869 $2,701,854 $343,325
2022 $1,758,518 $1,724,638 $1,035,233 $33,880
2021 $1,471,249 $1,575,062 $1,001,353 $-103,813
2020 $1,574,802 $1,254,737 $1,105,166 $320,065
2019 $1,139,150 $1,112,959 $784,816 $26,191
2018 $1,013,858 $784,024 $759,223 $229,834
2017 $1,016,036 $557,774 $528,703 $458,262
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