Independent Animal Rescue Inc (EIN 561951483) - 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

1994

Legal Domicile

Principal Officer

Alan Dow

Tax Period

2023-07-01 to 2024-06-30

Independent Animal Rescue Inc, founded in 1994, is a small nonprofit in the Animal-Related sector that reported $817K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $367K, a strong 45% operating margin.

Mission

IAR rescues, cares for and finds homes for abandoned and abused animals in central North Carolina, promotes spaying/neutering of companion animals, reduces pet overpopulation by spaying/neutering feral cats and educates children in animal welfare.

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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 $579,191

Program Service Revenue $82,075

Investment Income $96,630

Other Revenue $59,598

TOTAL REVENUE $817,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,516

Fundraising Expenses $22,674

Program Expenses $374,027

Other Expenses $345,691

TOTAL EXPENSES $450,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$817,494	$744,940	+0.1%
Expenses	$450,207	$356,037	+0.3%
Net Income	$367,287	$388,903	-0.1%

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

300

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
Mary Dow	Director	40.00	Director	$0	$0	$0
Sarah Carroll	Director	10.00	Director	$0	$0	$0
Elizabeth Nicholson	Director	10.00	Director	$0	$0	$0
Alan Dow	President	20.00	Officer Director	$0	$0	$0
Miriam Markfield	Secretary	5.00	Officer Director	$0	$0	$0
Shelly Baum	Treasurer	20.00	Officer 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
2025	No data	No data	No data	No data
2024	$817,494	$450,207	$2,254,599	$367,287
2023	$744,940	$356,037	$1,891,505	$388,903
2022	$801,760	$367,373	$1,517,058	$434,387
2021	$653,008	$332,986	$1,141,419	$320,022
2020	$506,159	$310,068	$825,103	$196,091
2019	$455,088	$288,496	$624,456	$166,592

Independent Animal Rescue Inc