PETS LOW COST SPAY & NEUTER

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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

2007

Legal Domicile

Principal Officer

GARY HEASTON

Phone

2149189055

Tax Period

2024-01-01 to 2024-12-31

PETS LOW COST SPAY & NEUTER, founded in 2007, is a community nonprofit in the Animal-Related sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

provide high-quality, low-cost spays and neuters, veterinary services and community-focused programs in a kind, nonjudgmental environment to ensure every pet has access to and can remain in aloving home

Program Service Accomplishments

Program 1

Expenses: $5,238,710 Revenue: $4,568,360

TO PROVIDE LOW COST SPAYS, NEUTERS, AND VACCINATIONS TO PET OWNERS IN WICHITA FALLS AND SURROUNDING AREAS

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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 $1,387,941

Program Service Revenue $4,568,360

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,956,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,327,438

Fundraising Expenses $213,618

Program Expenses $5,238,710

Other Expenses $2,552,562

TOTAL EXPENSES $5,880,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,956,301	$4,765,491	+0.2%
Expenses	$5,880,000	$5,545,373	+0.1%
Net Income	$76,301	$-779,882	-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

143

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN PEEVEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SAMANTHA M ABEYTA	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER MOUNT	SECRETARY	1.00	Officer Director	$0	$0	$0
SHIRLEY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDY GAUTHIER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY NOTTINGHAM-SMITH	BOARD MEMBER	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	$5,956,301	$5,880,000	$4,804,965	$76,301
2023	$4,765,491	$5,545,373	$4,506,660	$-779,882
2022	$4,451,367	$4,859,205	$4,417,046	$-407,838
2021	$4,481,780	$3,929,035	$4,262,771	$552,745
2020	$2,829,843	$2,254,018	$3,241,931	$575,825
2019	$3,384,153	$1,748,424	$2,666,606	$1,635,729
2018	$1,752,049	$1,315,071	$975,651	$436,978