ISLAND HAVEN ANIMAL SANCTUARY

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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

2015

Legal Domicile

Principal Officer

Julie Duke

Phone

3604721040

Tax Period

2023-01-01 to 2023-12-31

ISLAND HAVEN ANIMAL SANCTUARY, founded in 2015, is a small nonprofit in the Animal-Related sector that reported $141K in total revenue in fiscal year 2023. Expenses of $163K exceeded revenue, resulting in a 16% operating deficit.

Mission

We provide lifetime care for equines and farmed animals who, while still able to lead a quality life, are unable to find homes due to disabilities or chronic or age-related illnesses. Through compassion, training and outreach, we provide resources for our community to support these animals.

Program Service Accomplishments

Program 1

Expenses: $157,629 Revenue: $0

In fiscal year 2023 we continued to provide sanctuary and rehabilitation for over 50 equines and farmed 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $123,081

Program Service Revenue $0

Investment Income $0

Other Revenue $17,960

TOTAL REVENUE $141,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,240

Fundraising Expenses $2,333

Program Expenses $157,629

Other Expenses $141,986

TOTAL EXPENSES $163,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,041	$144,784	0.0%
Expenses	$163,226	$133,941	+0.2%
Net Income	$-22,185	$10,843	-3.0%

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

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
Julie Duke	Executive Director	40	Director	$0	$0	$0
Melissa Seghal	Vice President	5	Officer Director	$0	$0	$0
Keri Eathorne	President	5	Officer Director	$0	$0	$0
Granville Paules	Treasurer	5	Officer Director	$0	$0	$0
Emma Billington	Secretary	5	Officer 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
2023	$141,041	$163,226	$43,790	$-22,185
2022	$144,784	$133,941	$68,329	$10,843
2021	$125,873	$106,561	$56,590	$19,312