BEST FRIENDS OF PETS INC

EIN: 731459939 501(c)(3)

OKLAHOMA CITY, OK

Total Revenue
$84,908
Total Expenses
$175,692
Total Assets
$91,166
Net Assets
$77,271
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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
1994
Legal Domicile
OK
Principal Officer
KIM SCHLITTLER
Phone
4054188511
Tax Period
2023-01-01 to 2023-12-31

BEST FRIENDS OF PETS INC, founded in 1994, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 107% operating deficit.

Mission

REDUCE PET OVERPOPULATION AND KEEP PETS IN THEIR HOMES BY PROVIDING AFFORDABLE AND ACCESSIBLE SPAYING AND NEUTERING, PET IDENTIFICATION AND INFORMATION ABOUT PET CARE. REDUCE THE NUMBER OF HOMELESS CATS AND DOGS IN ANIMAL SHELTERS AND RESCUE GROUPS. REDUCE THE NUMBER OF PETS EUTHANIZED AT ANIMAL SHELTERS THROUGH NO FAULT OF ANIMAL WELFARE STAFF AND AT CONSIDERABLE COST TO TAXPAYERS. INCREASE THE ABILITY OF PEOPLE REGARDLESS OF INCOME OR WHERE THEY LIVE TO EXPERIENCE THE HEALTH AND EMOTIONAL BENEFITS THAT COME WITH HAVING A CAT OR DOG AS A COMPANION.

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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 $57,718
Program Service Revenue $27,181
Investment Income $2
Other Revenue $7
TOTAL REVENUE $84,908

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,967
Other Expenses $175,692
TOTAL EXPENSES $175,692

Year-over-Year Comparison

2023 2022 Change
Revenue $84,908 $110,847 -0.2%
Expenses $175,692 $123,954 +0.4%
Net Income $-90,784 $-13,107 +5.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
8

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL SCHLITTLER PRESIDENT 0
Officer Director
$0 $0 $0
LESLIE BILLETTER VICE PRESIDENT 0
Officer Director
$0 $0 $0
MELISSA PROPHET TREASURER 0
Officer Director
$0 $0 $0
KAREE PYEATT SECRETARY 0
Officer Director
$0 $0 $0
KIM SCHLITTLER EXECUTIVE DIRECTOR 30
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
2023 $84,908 $175,692 $91,166 $-90,784
2022 $110,847 $123,954 $175,481 $-13,107
2021 $113,474 $90,119 $195,280 $23,355
2020 $104,978 $83,730 $160,495 $21,248
2019 $152,138 $77,298 $144,433 $74,840
2018 $109,365 $129,643 $66,112 $-20,278
2017 $96,521 $115,765 $90,385 $-19,244
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