ANIMAL RESOURCES OF TIDEWATER (EIN 541949980) - 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

1998

Legal Domicile

Principal Officer

CHRISTINE KORKALO

Phone

7574561354

Tax Period

2023-01-01 to 2023-12-31

ANIMAL RESOURCES OF TIDEWATER, founded in 1998, is a small nonprofit in the Animal-Related sector that reported $119K in total revenue in fiscal year 2018. Net assets of $245K represent 25 months of operating reserves.

Mission

OUR MISSION IS TO TO PROVIDE RESOURCES TO SUPPORT A NO-KILL COMMUNITY BY KEEPING AT-RISK PETS IN THEIR HOMES,PROVIDING FREE AND LOW-COST SPAY AND NEUTER, AND ADVOCATING FOR LIFESAVING PROGRAMS AND POLICIES.

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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 $134,028

Program Service Revenue $0

Investment Income $6,152

Other Revenue $1,500

TOTAL REVENUE $141,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,963

Program Expenses $114,703

Other Expenses $126,591

TOTAL EXPENSES $126,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,680	$141,995	0.0%
Expenses	$126,591	$143,809	-0.1%
Net Income	$15,089	$-1,814	-9.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE KORKALO	PRESIDENT	5.00	Officer Director	$0	$0	$0
JULIE SOKOLOWSKI	TREASURER	5.00	Officer Director	$0	$0	$0
TINA PITTMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MEAGAN STOREY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SUSAN CORBITT	DIRECTOR	5.00	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	$141,680	$126,591	$555,498	$15,089
2022	$141,995	$143,809	$498,201	$-1,814
2021	$199,033	$119,399	$518,948	$79,634
2020	$174,908	$123,513	$406,033	$51,395
2019	$121,688	$129,615	$281,999	$-7,927
2018	$118,991	$129,604	$276,844	$-10,613

ANIMAL RESOURCES OF TIDEWATER