FREDERICKSBURG REGIONAL SPCA

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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

1998

Legal Domicile

Principal Officer

BRAD CANOVA

Phone

5408981500

Tax Period

2023-10-01 to 2024-09-30

FREDERICKSBURG REGIONAL SPCA, founded in 1998, is a community nonprofit in the Animal-Related sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 37% operating deficit.

Mission

EMPOWER OUR COMMUNITY TO JOIN US IN ENDING ANIMAL SUFFERING THROUGH LEADERSHIP AND ACTION, ENGAGEMENT AND LEARNING, COMPASSIONATE CARE AND ADOPTION, AFFORDABLE VETERINARY MEDICINE AND RESOURCES, AND BY HAVING THE CONVERSATION ABOUT WHAT IT TAKES TO CHANGE OUR CULTURE FOR THE BETTERMENT OF ALL LIVING BEINGS.

Program Service Accomplishments

Program 1

Expenses: $1,739,682

FREDERICKSBURG SPCA IS A COMMUNITY RESOURCE CENTER WORKING TO ENHANCE THE HUMAN-ANIMAL BOND WHILE IMPROVING THE LIVES OF ANIMALS IN NEED. WE PROVIDE SUPPORT SERVICES FOR ANIMALS, THE HUMANS WHO LOVE THEM, AND THE AGENCIES THAT PROTECT THEM. OUR RESOURCE CENTER SERVICES ALL OF VIRGINIA'S PLANNING DISTRICT 16 AND BEYOND. WE ARE AN EDUCATION-FOCUSED ORGANIZATION IN AN EFFORT TO TACKLE THE PROBLEM AT HAND AND REDUCE THE HIGH NUMBER OF HOMELESS ANIMALS. WE EDUCATE TO TEACH - WE SPAY/NEUTER TO REDUCE AND CONTROL THE UNWANTED POPULATION - WE VACCINATE TO CONTROL AND PREVENT THE SPREAD OF DEADLY ANIMAL DISEASES. AS AN OUTREACH CENTER, OUR PROGRAMS INCLUDE: "ADOPTION CENTER "P.E.T.S. PANTRY AND COUNSELING SERVICES "LOCKE COMMUNITY MEDICAL CENTER "PET BEHAVIOR "FOSTER "VOLUNTEER "HUMANE EDUCATION "ANIMAL CONTROL CASE RESOURCE "CAMPS AND CAMP PROGRAMS "SAFE HAVEN

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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 $533,129

Program Service Revenue $576,108

Investment Income $38,967

Other Revenue $264,833

TOTAL REVENUE $1,413,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,301,063

Fundraising Expenses $89,906

Program Expenses $1,739,682

Other Expenses $636,243

TOTAL EXPENSES $1,937,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,413,037	$1,942,133	-0.3%
Expenses	$1,937,306	$1,742,366	+0.1%
Net Income	$-524,269	$199,767	-3.6%

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

6920

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

$80,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CANOVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE BARNICK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAVID BELMAN	TREASURER	2.00	Officer Director	$0	$0	$0
ERIC HERRING	SECRETARY	2.00	Officer Director	$0	$0	$0
MOLLY FLURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB HYLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY COX	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN KINGSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI MCDERMETT	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK STEELE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE WEBB	EXECUTIVE DI	40.00	Officer	$80,769	$0	$80,769

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	$1,413,037	$1,937,306	$3,561,052	$-524,269
2023	$1,942,133	$1,742,366	$3,972,836	$199,767
2022	$1,575,210	$1,647,476	$3,763,466	$-72,266
2021	$2,375,208	$1,481,202	$4,049,351	$894,006
2020	$1,167,650	$1,239,469	$3,299,641	$-71,819
2019	$1,154,174	$1,347,673	$3,044,282	$-193,499
2018	$1,131,649	$1,222,861	$3,276,407	$-91,212