Friends for Animals

EIN: 562025054 501(c)(3) Animal-Related

Morganton, NC

Total Revenue
$293,572
Total Expenses
$303,219
Total Assets
$426,358
Net Assets
$423,484
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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
1997
Legal Domicile
NC
Principal Officer
Gerald Gigon
Phone
8284331115
Tax Period
2024-01-01 to 2024-12-31

Friends for Animals, founded in 1997, is a small nonprofit in the Animal-Related sector that reported $294K in total revenue in fiscal year 2024.

Mission

Promote and support the humane treatment of animals through education, the media and the shelter

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $111,526
Program Service Revenue $150,905
Investment Income $4,787
Other Revenue $26,354
TOTAL REVENUE $293,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,216
Fundraising Expenses $0
Program Expenses $249,118
Other Expenses $158,003
TOTAL EXPENSES $303,219

Year-over-Year Comparison

2024 2023 Change
Revenue $293,572 $284,331 +0.0%
Expenses $303,219 $279,224 +0.1%
Net Income $-9,647 $5,107 -2.9%
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

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Governance

Voting Members
6
Independent Members
5
Employees
19
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Gerrys Director 0.00
Director
$0 $0 $0
Marla McRary Director 0.00
Director
$0 $0 $0
Gerald Gigon President 0.00
Officer
$0 $0 $0
Nelson Causby Vice President 0.00
Officer
$0 $0 $0
Sandra Nutbrown Treasurer 0.00
Officer
$0 $0 $0
Chastity Chapman Exect Director 0.00
Highest
$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 $293,572 $303,219 $426,358 $-9,647
2023 $284,331 $279,224 $440,656 $5,107
2022 $265,464 $287,082 $428,957 $-21,618
2021 $252,943 $293,001 $450,393 $-40,058
2020 $281,131 $281,289 $488,923 $-158
2019 $187,920 $241,157 $473,062 $-53,237
2018 $202,224 $267,303 $527,649 $-65,079
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