Carolina Animal Rescue & Adoption Inc (EIN 581502865) - 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

1982

Legal Domicile

Principal Officer

Andrew Lucas

Phone

9197749433

Tax Period

2024-07-01 to 2025-06-30

Carolina Animal Rescue & Adoption Inc, founded in 1982, is a small nonprofit in the Animal-Related sector that reported $216K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

Carolina Animal Rescue & Adoption Inc maintains an animal shelter licensed by the NC Department of Agriculture. It rescues stray abandoned and owner-surrendered dogs and cats. It provides appropriate medical care including spaying and neutering. It adopts out approximately 175 dogs and cats.

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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 $142,434

Program Service Revenue $31,511

Investment Income $3,679

Other Revenue $38,564

TOTAL REVENUE $216,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,822

Fundraising Expenses $0

Program Expenses $208,552

Other Expenses $124,862

TOTAL EXPENSES $235,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,188	$248,736	-0.1%
Expenses	$235,684	$248,941	-0.1%
Net Income	$-19,496	$-205	+94.1%

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

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

$47,144

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Lucas	President	3.00	Officer Director	$0	$0	$0
Tammy Lucas	Director	3.00	Director	$0	$0	$0
Derryl Day	Vice President	3.00	Officer Director	$0	$0	$0
Margaret Dey	Director	3.00	Director	$0	$0	$0
Gail Brown	Treasurer	5.00	Officer Director	$0	$0	$0
Hayley Baldwin	Secretary	3.00	Officer Director	$0	$0	$0
Eva Rogers	Director	3.00	Director	$0	$0	$0
Estela Ruiz	Shelter Manager	55.00	Key Emp	$47,144	$0	$47,144

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	$216,188	$235,684	$346,124	$-19,496
2024	$248,736	$248,941	$358,175	$-205
2023	$222,815	$237,202	$377,197	$-14,387
2022	$229,791	$172,969	$387,018	$56,822

Carolina Animal Rescue & Adoption Inc