BUDDY'S SECOND CHANCE RESCUE 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

2014

Legal Domicile

Principal Officer

JULIE STARR

Phone

7165703426

Tax Period

2024-01-01 to 2024-12-31

BUDDY'S SECOND CHANCE RESCUE INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $861K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $741K left a modest 14% surplus.

Mission

TO SAVE THE LIVES OF NEGLECTED, ABUSED AND UNWANTED ANIMALS UNTIL PERMANENT CARING HOMES CAN BE FOUND.

Program Service Accomplishments

Program 1

Expenses: $712,617 Revenue: $346,454

TO SAVE THE LIVES OF NEGLECTED, ABUSED AND UNWANTED ANIMALS UNTIL PERMANENT CARING HOMES CAN BE FOUND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $299,386

Program Service Revenue $346,454

Investment Income $2,163

Other Revenue $213,243

TOTAL REVENUE $861,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,516

Fundraising Expenses $0

Program Expenses $712,617

Other Expenses $507,564

TOTAL EXPENSES $741,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,246	$677,718	+0.3%
Expenses	$741,080	$626,152	+0.2%
Net Income	$120,166	$51,566	+1.3%

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

175

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE STARR	PRESIDENT	45.00	Officer	$75,000	$0	$75,000
HEATHER SENGBUSCH	VICE-PRESIDE	25.00	Officer	$0	$0	$0
LISA DAVIN	SECRETARY	20.00	Officer	$0	$0	$0
ASHLEY HOFFMAN	TREASURER	20.00	Officer	$0	$0	$0
JEFFERY LOGAL	BOARD MEMBER	20.00	Director	$0	$0	$0
KIMBERLY A PARKHILL-BROWN	BOARD MEMBER	20.00	Director	$0	$0	$0
TROY SCHNEIDER	BOARD MEMBER	20.00	Director	$0	$0	$0
CONNIE WHITESELL	BOARD MEMBER	20.00	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	$861,246	$741,080	$1,189,297	$120,166
2023	$677,718	$626,152	$1,097,458	$51,566
2022	$651,033	$433,026	$1,027,186	$218,007
2021	$455,135	$378,743	$266,266	$76,392
2020	$412,474	$332,499	$193,345	$79,975
2019	$195,028	$168,427	$108,604	$26,601