THE THERAPET ANIMAL ASSISTED THERAPY FOUNDATION (EIN 752554185) - 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

1998

Legal Domicile

Principal Officer

CARA CALHOON

Phone

9035352125

Tax Period

2023-01-01 to 2023-12-31

THE THERAPET ANIMAL ASSISTED THERAPY FOUNDATION, founded in 1998, is a small nonprofit in the Animal-Related sector that reported $367K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 31% operating margin.

Mission

Therapets mission is to utilize specially trained and certified animals to promote health, hope, and healing. We accomplish this mission by:1. Establishing and communicating standards for using specially trained animals in the healthcare setting.2. Providing education to health care professionals.3. Educating communities on opportunities and benefits of Animal Assisted Therapy.4. Training, certifying, and assuring competency of human/animal volunteer teams.

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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 $342,594

Program Service Revenue $11,525

Investment Income $-10,620

Other Revenue $23,563

TOTAL REVENUE $367,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,506

Fundraising Expenses $60,422

Program Expenses $125,488

Other Expenses $129,876

TOTAL EXPENSES $253,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,062	$362,627	+0.0%
Expenses	$253,382	$232,165	+0.1%
Net Income	$113,680	$130,462	-0.1%

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

128

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

$64,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELYSIA M REINICK	Executive Dir.	40.00	Director	$64,591	$0	$64,591
BRYAN RAMSEY	Director	1.00	Director	$0	$0	$0
TONI MARBUT	Director	1.00	Director	$0	$0	$0
TERI CRAWFORD	VP GOVERNANCE	6.00	Officer Director	$0	$0	$0
CARA CALHOON	Treasurer	2.00	Officer Director	$0	$0	$0
WES REED	Director	2.00	Director	$0	$0	$0
KAREN REED	Secretary	2.00	Director	$0	$0	$0
HAYLEY COX	VP DEVELOPMENT	1.00	Officer Director	$0	$0	$0
TYLER CLAKLEY	Director	1.00	Director	$0	$0	$0
REBEKAH ROBERTS	Secretary	1.00	Officer Director	$0	$0	$0
NANCY RODDY	Director	2.00	Director	$0	$0	$0
KRISTEN WERNER	Director	1.00	Director	$0	$0	$0
JACOB BERNARDINO	Director	1.00	Director	$0	$0	$0
MARY STRAND	Director	2.00	Director	$0	$0	$0
SANDY BARNETT	President	5.00	Officer Director	$0	$0	$0
FLO LIMEHOUSE	Director	3.00	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	No data	No data	No data	No data
2023	$367,062	$253,382	$708,513	$113,680
2022	$362,627	$232,165	$558,539	$130,462
2021	$345,939	$220,907	$471,518	$125,032
2020	$177,219	$191,804	$350,253	$-14,585
2019	$288,727	$262,124	$362,337	$26,603
2018	$275,828	$257,868	$318,423	$17,960

THE THERAPET ANIMAL ASSISTED THERAPY FOUNDATION