LAB RESCUE OF LRCP INCORPORATED

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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

1991

Legal Domicile

Principal Officer

TOMMIE CLARE

Phone

3012996756

Tax Period

2023-01-01 to 2023-12-31

LAB RESCUE OF LRCP INCORPORATED, founded in 1991, is a community nonprofit in the Animal-Related sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

RESCUE AND RE-HOMING/ADOPTION OF LABRADOR RETRIEVER DOGS.

Program Service Accomplishments

Program 1

Expenses: $1,095,757 Revenue: $229,798

LAB RESCUE OF LRCP, INC. ("LAB RESCUE") RESCUES AND REHABILITATES HOMELESS DOGS AND PLACES THEM IN NEW HOMES. LAB RESCUE IS SIMILAR TO OTHER RESCUE GROUPS AND SHELTERS BUT SPECIALIZES IN LABRADOR...

LAB RESCUE OF LRCP, INC. ("LAB RESCUE") RESCUES AND REHABILITATES HOMELESS DOGS AND PLACES THEM IN NEW HOMES. LAB RESCUE IS SIMILAR TO OTHER RESCUE GROUPS AND SHELTERS BUT SPECIALIZES IN LABRADOR RETRIEVERS. THE LABS RECEIVED ARE FIRST EVALUATED FOR TEMPERAMENT AND THEN PLACED WITH FOSTER FAMILIES WHERE THEY ARE LOVED, EXERCISED AND FURTHER EVALUATED AS THEY AWAIT ADOPTION. ALL DOGS ARE BROUGHT UP TO DATE ON THEIR VACCINATIONS AND ARE GIVEN A HEARTWORM AND LYME DISEASE TEST AND TREATMENT WHEN NECESSARY. ALL DOGS TAKEN INTO THE RESCUE ARE SPAYED OR NEUTERED, IF MEDICALLY SAFE TO DO SO. LAB RESCUE ALSO PROVIDES A REFERRAL SERVICE FOR OWNERS SEEKING TO PLACE OR ADOPT LABRADOR RETREIVERS. IN 2023, THE TOTAL DOGS RESCUED WERE 578 AND THE TOTAL DOGS ADOPTED WERE 587.

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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 $970,185

Program Service Revenue $225,910

Investment Income $60,007

Other Revenue $-76,759

TOTAL REVENUE $1,179,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,844

Fundraising Expenses $0

Program Expenses $1,095,757

Other Expenses $1,013,687

TOTAL EXPENSES $1,154,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,179,343	$1,288,924	-0.1%
Expenses	$1,154,531	$1,295,028	-0.1%
Net Income	$24,812	$-6,104	-5.1%

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

Volunteers

350

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
TOMMIE CLARE	PRESIDENT	30.00	Officer Director	$0	$0	$0
CAROL LAGUNDO	CO-VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
TRACY CORMIER	CO-VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
MORI GREEN	SECRETARY	30.00	Officer Director	$0	$0	$0
NAN BENNETT	TREASURER	20.00	Officer Director	$0	$0	$0
DAWN PFAFF	MEMBER	20.00	Director	$0	$0	$0
CYNDI BRUTON	MEMBER	20.00	Director	$0	$0	$0
STERRIE WEAVER	MEMBER EMERITUS	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	No data	No data	No data	No data
2023	$1,179,343	$1,154,531	$508,262	$24,812
2022	$1,288,924	$1,295,028	$636,723	$-6,104
2021	$1,236,637	$1,084,047	$577,117	$152,590
2020	$1,224,311	$986,158	$394,291	$238,153
2019	$1,159,905	$1,381,523	$221,666	$-221,618
2018	$1,266,932	$1,042,022	$401,605	$224,910