PET FLORIDA - PENNEY FARMS INC

EIN: 562462370 501(c)(3) Human Services

PENNEY FARMS, FL

Total Revenue
$311,495
Total Expenses
$249,103
Total Assets
$422,413
Net Assets
$390,312
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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
2004
Legal Domicile
FL
Principal Officer
NEAL PETTY
Phone
9042845495
Tax Period
2023-07-01 to 2024-06-30

PET FLORIDA - PENNEY FARMS INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $311K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 20% operating margin.

Mission

TO PRODUCE A "PET" WHICH IS A THREE WHEEL, HAND PEDALED WHEELCHAIR THAT CAN GO WHERE OTHER WHEELCHAIRS CAN'T GO. PET IS AN ACRONYM FOR PERSONAL ENERGY TRANSPORTATION. TO PROVIDE A FREE GIFT OF MOBILITY IN THE FORM OF ADULT OR A SMALL SIZE PET FOR PEOPLE LIVING IN POVERTY IN ECONOMICALLY DEVELOPING SOCIETIES WHO HAVE LOST THE USE OF THEIR LEGS TO LAND MINES, DISEASE OR ACCIDENTS AND WHO LIVE IN AREAS WHERE A NORMAL WHEELCHAIR CANNOT FUNCTION. THE ORGANIZATION ASSEMBLES PETS USING VOLUNTEER LABOR. FOR THE FISCAL YEAR ENDING JUNE 30, 2024, THE ORGANIZATION RECEIVED APPROXIMATELY 12,670 HOURS OF VOLUNTEER SERVICES FROM APPOXIMATELTY 150 VOLUNTEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $307,779
Program Service Revenue $0
Investment Income $215
Other Revenue $3,501
TOTAL REVENUE $311,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,143
Program Expenses $218,330
Other Expenses $249,103
TOTAL EXPENSES $249,103

Year-over-Year Comparison

2023 2022 Change
Revenue $311,495 $215,437 +0.4%
Expenses $249,103 $279,203 -0.1%
Net Income $62,392 $-63,766 -2.0%
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
10
Independent Members
10
Employees
N/A
Volunteers
150

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ANTHONY DIRECTOR 5.00
Director
$0 $0 $0
DON ARNOLD DIRECTOR 10.00
Director
$0 $0 $0
DICK DODDS DIRECTOR 5.00
Director
$0 $0 $0
RICHARD HOLLOWELL TREASURER 15.00
Officer Director
$0 $0 $0
DOUG MARTIN DIRECTOR 5.00
Director
$0 $0 $0
SID MCCOLLUM DIRECTOR 5.00
Director
$0 $0 $0
NEAL PETTY CHAIR 20.00
Officer Director
$0 $0 $0
JOYCE RITTER DIRECTOR 5.00
Director
$0 $0 $0
ELIZABETH RYDER SECRETARY 15.00
Officer Director
$0 $0 $0
JERRY VELDMAN VICE CHAIR 15.00
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 $311,495 $249,103 $422,413 $62,392
2023 $215,437 $279,203 $365,997 $-63,766
2022 $194,442 $217,163 $395,087 $-22,721
2021 $210,628 $209,608 $427,747 $1,020
2020 $185,201 $203,664 $424,843 $-18,463
2019 $176,933 $218,358 $446,281 $-41,425
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