Chatham Animal Rescue and Education Inc (EIN 561587247) - 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

1975

Legal Domicile

Phone

9192008948

Tax Period

2024-01-01 to 2024-12-31

Chatham Animal Rescue and Education Inc, founded in 1975, is a small nonprofit in the Animal-Related sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $263K exceeded revenue, resulting in a 15% operating deficit.

Mission

Chatham Animal Rescue and Education, Inc. is a Not-For-Profit Organization, whose mission is to promote the health and safety of all dogs and cats in Chatham County, North Carolina.

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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 $204,808

Program Service Revenue $20,080

Investment Income $5,271

Other Revenue $-1,759

TOTAL REVENUE $228,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,393

Fundraising Expenses $0

Program Expenses $220,400

Other Expenses $205,470

TOTAL EXPENSES $262,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,400	$245,038	-0.1%
Expenses	$262,863	$219,985	+0.2%
Net Income	$-34,463	$25,053	-2.4%

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

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

$50,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Spoon	Executive Dir.	40.00	Officer	$50,667	$0	$50,667
Joan Cunningham	Chair	1.00	Officer Director	$0	$0	$0
Heather Connors	Secretary	1.00	Officer Director	$0	$0	$0
Beth Turner	Treasurer	1.00	Officer Director	$0	$0	$0
Ginny Brown	Director	1.00	Director	$0	$0	$0
Karen Womble Bruschke	Director	1.00	Director	$0	$0	$0
Annette Dettmann	Director	1.00	Director	$0	$0	$0
Joy Duquette	Director	1.00	Director	$0	$0	$0
Kimberly Sinnott	Vice Chair	1.00	Officer Director	$0	$0	$0
Chris Bush	Director	1.00	Director	$0	$0	$0
Elizabeth Thomas	Director	1.00	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	$228,400	$262,863	$723,253	$-34,463
2023	$245,038	$219,985	$757,404	$25,053
2022	$324,715	$144,721	$739,727	$179,994
2021	$238,053	$187,990	$554,955	$50,063
2020	$249,077	$207,639	$502,826	$41,438
2018	$132,724	$133,643	$454,922	$-919

Chatham Animal Rescue and Education Inc