HOMELESS ANIMALS RESCUE TEAM INC (EIN 541564904) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

Frances Withington

Tax Period

2023-01-01 to 2023-12-31

HOMELESS ANIMALS RESCUE TEAM INC, founded in 1990, is a community nonprofit in the Animal-Related sector that reported $1.5M in total revenue in fiscal year 2018. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $640K, a strong 42% operating margin.

Mission

HART IS A NO-KILL ANIMAL RESCUE GROUP THAT WAS FOUNDED TO GIVE ANIMAL RESCUERS A RESOURCE, RESPONSIBLE PET OWNERS AN OPTION, AND ANIMALS ON DEATH ROW A CHANCE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,428,275

Program Service Revenue $345,319

Investment Income $6,197

Other Revenue $5,277

TOTAL REVENUE $1,785,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,648

Fundraising Expenses $14,611

Program Expenses $1,334,399

Other Expenses $1,227,934

TOTAL EXPENSES $1,379,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,785,068	$1,416,974	+0.3%
Expenses	$1,379,582	$1,258,539	+0.1%
Net Income	$405,486	$158,435	+1.6%

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

140

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
CHARLENE BOFINGER	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
PATRICIA KUROWSKI	PRESIDENT	1.0	Officer Director	$0	$0	$0
F NEVILLE WITHINGTON	TREASURER	1.0	Officer Director	$0	$0	$0
MICHAEL BOWMAN	DIRECTOR	1.0	Director	$0	$0	$0
CYNTHIA VOCCIA	SECRETARY	1.0	Officer Director	$0	$0	$0
AMY HARRISON	Director	1.0	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	$1,785,068	$1,379,582	$1,474,905	$405,486
2022	$1,416,974	$1,258,539	$986,358	$158,435
2021	$919,285	$979,543	$830,928	$-60,258
2020	$936,806	$939,062	$838,904	$-2,256
2019	$706,455	$840,855	$863,411	$-134,400
2018	$1,518,070	$877,727	$1,041,872	$640,343

HOMELESS ANIMALS RESCUE TEAM INC