Forpaws Spay & Neuter Clinic (EIN 510483126) - 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

2003

Legal Domicile

Phone

5105734660

Tax Period

2024-01-01 to 2024-12-31

Forpaws Spay & Neuter Clinic, founded in 2003, is a small nonprofit in the Animal-Related sector that reported $434K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $486K exceeded revenue, resulting in a 12% operating deficit.

Mission

Our mission is to reduce the number of feline, dog, and rabbit pregnancies by providing affordable at-cost spaying and neutering. By reducing the number of pregnancies, it follows that fewer animals would be left at shelters or discarded.

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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 $12,750

Program Service Revenue $374,969

Investment Income $427

Other Revenue $45,692

TOTAL REVENUE $433,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,730

Fundraising Expenses $0

Program Expenses $414,201

Other Expenses $152,402

TOTAL EXPENSES $486,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,838	$495,274	-0.1%
Expenses	$486,132	$537,053	-0.1%
Net Income	$-52,294	$-41,779	+0.3%

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

N/A

Employees

N/A

Volunteers

N/A

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

$160,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dotti Hutcheon	CFO	40.00	Officer	$114,750	$0	$114,750
Bonnie Ehrhorn	CEO	8.00	Officer	$39,820	$0	$39,820
Kristi Cubillo	Treasurer	0.00	Officer	$5,733	$0	$5,733
Shanna O'Neill	Board Member	0.00	Director	$0	$0	$0
Carrie Carden	Secretary	0.00	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	$433,838	$486,132	$317,981	$-52,294
2023	$495,274	$537,053	$372,533	$-41,779
2022	$364,793	$341,348	$412,022	$23,445
2021	$468,102	$389,263	$389,010	$78,839
2020	$327,537	$299,223	$309,738	$28,314

Forpaws Spay & Neuter Clinic