Operation Blankets Of Love (EIN 800238786) - 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

2009

Legal Domicile

Principal Officer

Eileen Smulson

Phone

8184026586

Tax Period

2023-01-01 to 2023-12-31

Operation Blankets Of Love, founded in 2009, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Net assets of $4.6M represent 33 months of operating reserves.

Mission

Operation Blanket Of Love is a one-of-a-kind, nationally recognized 501(c)(3) non-profit animal welfare emergency and disaster relief organization. See Attached Mission Statement

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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 $1,462,254

Program Service Revenue $0

Investment Income $64,925

Other Revenue $122,319

TOTAL REVENUE $1,649,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,384

Fundraising Expenses $182,144

Program Expenses $1,246,112

Other Expenses $1,388,468

TOTAL EXPENSES $1,659,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,649,498	$1,733,608	0.0%
Expenses	$1,659,852	$932,663	+0.8%
Net Income	$-10,354	$800,945	-1.0%

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

N/A

Employees

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

$90,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eileen Smulson	Ceo	40.00	Highest	$135,000	$0	$135,000
Bradley Smulson	Director Of Operations	40.00	Key Emp	$90,000	$0	$90,000
Dr Robert Abrams	V. President	5.00	Officer	$0	$0	$0
Laurie Vergo	Treasurer	5.00	Officer	$0	$0	$0
Susan Newman	Secretary	5.00	Officer	$0	$0	$0
Nayer Khankhanian	Board Member	5.00	Director	$0	$0	$0
Roger Brownell	President	5.00	Officer	$0	$0	$0
Beverly Abrams	Board Member	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,649,498	$1,659,852	$4,602,125	$-10,354
2022	$3,258,509	$2,457,563	$4,628,057	$800,946
2022	$1,733,608	$932,663	$4,628,057	$800,945
2021	$1,585,869	$1,045,129	$3,818,464	$540,740
2020	$1,174,986	$1,123,361	$3,269,442	$51,625
2019	$953,977	$1,051,768	$3,225,244	$-97,791
2018	$3,682,237	$835,972	$3,316,201	$2,846,265
2017	$663,115	$532,002	$757,100	$131,113
2016	$562,133	$498,875	$616,039	$63,258

Operation Blankets Of Love