FRIENDS OF ANIMALS IN NEED C/O RUSSELL SHABO (EIN 562393798) - 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

2005

Legal Domicile

Principal Officer

RUSSELL SHABO

Phone

4014893645

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF ANIMALS IN NEED C/O RUSSELL SHABO, founded in 2005, is a small nonprofit in the Animal-Related sector that reported $250K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 38% operating margin.

Mission

THE MISSION OF FRIENDS OF ANIMALS IN NEED IS TO PROVIDE FINANCIAL ASSISTANCE FOR VETERINARY CARE AND PET FOOD, TO FINANCIALLY-CHALLENGED COMPANION PET OWNERS THROUGHOUT THE STATE OF RHODE ISLAND, IN ORDER TO AVOID THE SURRENDER, ABANDONMENT OR THE EUTHANIZING OF THEIR PET.

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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 (2025)

Revenue Breakdown

Contributions & Grants $178,896

Program Service Revenue $0

Investment Income $5,089

Other Revenue $65,905

TOTAL REVENUE $249,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,892

Other Expenses $154,802

TOTAL EXPENSES $154,802

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,890	$162,615	+0.5%
Expenses	$154,802	$117,619	+0.3%
Net Income	$95,088	$44,996	+1.1%

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

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
RUSSELL SHABO	PRESIDENT/TR	N/A	Officer Director	$0	$0	$0
DWAYNE AKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ELEANOR RUBIN	SECRETARY	N/A	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	$249,890	$154,802	$238,849	$95,088
2024	$162,615	$117,619	$142,902	$44,996
2023	$158,446	$118,821	$97,303	$39,625
2022	$74,086	$108,872	$64,255	$-34,786
2021	$64,691	$62,808	$87,835	$1,883
2020	$63,853	$74,705	$84,940	$-10,852
2019	$92,071	$60,105	$94,613	$31,966
2018	$71,865	$70,237	$61,135	$1,628

FRIENDS OF ANIMALS IN NEED C/O RUSSELL SHABO