MID-SOUTH GREYHOUND ADOPTION OPTIO… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

RIC CHETTER

Phone

8707355317

Tax Period

2023-01-01 to 2023-12-31

MID-SOUTH GREYHOUND ADOPTION OPTION INC, founded in 1991, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $492K exceeded revenue, resulting in a 892% operating deficit.

Mission

TO PROVIDE SHELTER AND CARE FOR RETIRED GREYHOUNDS AND A MEANS FOR THE ADOPTION OF GREYHOUNDS BY CARING PERSONS. TO SOLICIT, ACCEPT, AND ADMINISTER CONTRIBUTIONS FROM THE GENERAL PUBLIC FOR THE PURPOSE OF FURTHERING ITS MISSION

Program Service Accomplishments

Program 1

Expenses: $40,360 Revenue: $3,600

GREYHOUND DOG ADOPTIONS15 GREYHOUNDS WERE PLACED IN HOMES AND WITH OTHER GREYHOUND ADOPTION GROUPS DURING 2023EXPENSES INCLUDE DOG FEED AND KENNEL SUPPLIES IN AMOUNTS OF 1,870 AND VETERINARIAN...

GREYHOUND DOG ADOPTIONS15 GREYHOUNDS WERE PLACED IN HOMES AND WITH OTHER GREYHOUND ADOPTION GROUPS DURING 2023EXPENSES INCLUDE DOG FEED AND KENNEL SUPPLIES IN AMOUNTS OF 1,870 AND VETERINARIAN SERVICES OF 38,490

Program 2

Revenue: $3,435

BOARDING OF GREYHOUNDS23 GREYHOUNDS WERE BOARDED DURING THE YEAR

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,913

Program Service Revenue $6,035

Investment Income $18,080

Other Revenue $11,615

TOTAL REVENUE $49,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,298

Fundraising Expenses $7,965

Program Expenses $40,360

Other Expenses $312,031

TOTAL EXPENSES $492,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,643	$229,923	-0.8%
Expenses	$492,329	$321,264	+0.5%
Net Income	$-442,686	$-91,341	+3.8%

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

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RIC CHETTER	PRESIDENT	0.25	Officer	$0	$0	$0
DARREN HENRY	OFFICER	0.00	Officer	$0	$0	$0
VICKI COHEN	OFFICER	1.00	Officer	$0	$0	$0
SUE ARLOTTA	OFFICER	0.25	Officer	$0	$0	$0
ROBERT DINGLER	TREASURER	4.50	Officer	$0	$0	$0
BRUCE BROWNING	OFFICER	0.25	Officer	$0	$0	$0
AMANDA BURCHETT	OFFICER	1.00	Officer	$36,000	$0	$36,000

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
2023	$49,643	$492,329	No data	$-442,686
2022	$229,923	$321,264	$442,686	$-91,341
2021	$428,540	$327,106	$534,027	$101,434
2020	$327,477	$351,657	$466,751	$-24,180
2019	$381,120	$305,959	$467,986	$75,161
2018	$363,328	$322,563	$383,191	$40,765

MID-SOUTH GREYHOUND ADOPTION OPTION INC