Humane Society of Sarasota County Inc (EIN 596014943) - 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

1952

Legal Domicile

Principal Officer

Michael Cervone

Phone

9419554131

Tax Period

2024-01-01 to 2024-12-31

Humane Society of Sarasota County Inc, founded in 1952, is a community nonprofit in the Animal-Related sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $24.0M represent 48 months of operating reserves.

Mission

AS THE AREAS PREMIER NO-KILL SHELTER, THE HUMANE SOCIETY OF SARASOTA COUNTY ENGAGES THE HEARTS, HANDS, AND MINDS OF THE COMMUNITY TO HELP ANIMALS.

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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 $3,845,664

Program Service Revenue $592,863

Investment Income $1,467,837

Other Revenue $72,611

TOTAL REVENUE $5,978,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,434,799

Fundraising Expenses $439,123

Program Expenses $5,215,785

Other Expenses $2,422,885

TOTAL EXPENSES $5,857,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,978,975	$7,386,719	-0.2%
Expenses	$5,857,684	$5,681,230	+0.0%
Net Income	$121,291	$1,705,489	-0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

375

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

$134,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Gillett	Veterinarian	40.00		$131,034	$14,060	$145,094
Anna Gonce	Executive Dir.	40.00	Officer	$128,635	$6,036	$134,671
David Morton	Sr Dir of Lifesavi	40.00		$113,968	$7,093	$121,061
Kristyn Day	Veterinarian	30.00		$103,729	$7,056	$110,785
Janet Boyden	President	2.00	Officer Director	$0	$0	$0
Jennifer Poppen	Vice President	2.00	Officer Director	$0	$0	$0
Caryn Wilbraham	Secretary	2.00	Officer Director	$0	$0	$0
Michael Cervone	Treasurer	2.00	Officer Director	$0	$0	$0
Jennifer Douglas	Director	1.00	Director	$0	$0	$0
Melinda Foster	Director	1.00	Director	$0	$0	$0
Christopher J Fowler Esq	Director	1.00	Director	$0	$0	$0
Alisa M Heedy	Director	1.00	Director	$0	$0	$0
Harald Hvideberg	Director	1.00	Director	$0	$0	$0
Alison Kanter	Director	1.00	Director	$0	$0	$0
Mark Kowalski	Director	1.00	Director	$0	$0	$0
Elizabeth Rabbitt-Stephen	Director	1.00	Director	$0	$0	$0
Richard Vacar	Director	1.00	Director	$0	$0	$0
Jared Wurtzel	Director	1.00	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
2024	$5,978,975	$5,857,684	$24,373,533	$121,291
2023	$7,386,719	$5,681,230	$24,831,234	$1,705,489
2022	$5,330,111	$4,458,213	$21,305,568	$871,898
2021	$6,427,023	$3,764,526	$24,274,684	$2,662,497
2020	$5,080,084	$3,049,170	$21,731,092	$2,030,914
2019	$4,603,127	$3,082,978	$17,048,063	$1,520,149
2018	$3,368,898	$2,905,035	$14,046,048	$463,863

Humane Society of Sarasota County Inc