PROJECT K9 HERO

EIN: 811770909 501(c)(3) Animal-Related

WHITWELL, TN

Total Revenue
$5,866,966
Total Expenses
$4,912,890
Total Assets
$3,072,823
Net Assets
$2,936,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MI
Principal Officer
JASON K JOHNSON
Phone
8108446045
Tax Period
2024-01-01 to 2024-12-31

PROJECT K9 HERO, founded in 2016, is a community nonprofit in the Animal-Related sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $954K, a strong 16% operating margin.

Mission

IN 2024, PROJECT K-9 HERO TOOK ON 52 NEW RETIRED WORKING DOG HEROES TO GIVE THEM A LIFETIME OF MEDICAL CARE AFTER THEIR SERVICE TO OUR COUNTRY. THE 52 NEW HEROES WERE IN ADDITION TO THE EXISTING 265 PROGRAM MEMBERS WE COMMITTED TO SINCE 2016. THUS, ENDING THE 2024 YEAR WITH 145 LIVING MEMBERS FOR PROGRAM SERVICES THAT VARIES FROM THE PAYING OF VETERINARY BILLS, PRESCRIPTION FOOD, END-OF-DUTY SERVICES, REHABILITATION, REHOMING, OR ADOPTION. EIGHT OF THE NEW 52 HEROES DID NOT HAVE A HOME TO GO TO RETIREMENT, AND MAY HAVE BEEN FACING EUTHANASIA IF IT WASN'T FOR OUR 177 ACRE FACILITY IN TENNESSEE WHERE THEY HAVE COME TO GET THEIR SECOND CHANCE IN LIFE AND FIND NEW FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,803,687
Program Service Revenue $0
Investment Income $7,512
Other Revenue $55,767
TOTAL REVENUE $5,866,966

Expense Breakdown

Grants Paid $636,502
Salaries & Benefits $660,660
Fundraising Expenses $297,344
Program Expenses $4,381,392
Other Expenses $3,578,966
TOTAL EXPENSES $4,912,890

Year-over-Year Comparison

2024 2023 Change
Revenue $5,866,966 $4,035,169 +0.5%
Expenses $4,912,890 $3,972,163 +0.2%
Net Income $954,076 $63,006 +14.1%
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

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Governance

Voting Members
7
Independent Members
6
Employees
8
Volunteers
25

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
3
$163,383
Total Directors
7
$163,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON K JOHNSON PRESIDENT, D 60.00
Officer Director
$144,087 $19,296 $163,383
ASHLEY ALTMAN SECRETARY, D 5.00
Officer Director
$0 $0 $0
KENNETH LUST DVM MEDICAL DIRE 5.00
Director
$0 $0 $0
DAVID DYCUS MEDICAL DIRE 5.00
Director
$0 $0 $0
PATRICK LESER TREASURER, D 5.00
Officer Director
$0 $0 $0
MELISSA PARSONS-DOHERTY MEDICAL DIRE 5.00
Director
$0 $0 $0
SURANGI WIDYARATNE CAPITAL CAMP 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
2024 $5,866,966 $4,912,890 $3,072,823 $954,076
2023 $4,035,169 $3,972,163 $2,298,650 $63,006
2022 $4,241,488 $3,371,997 $2,357,482 $869,491
2022 $4,241,488 $3,371,997 $2,357,482 $869,491
2021 $3,709,319 $3,524,704 $1,551,722 $184,615
2020 $2,369,357 $2,108,211 $1,266,766 $261,146
2019 $2,023,231 $1,743,765 $1,034,957 $279,466
2018 $1,496,579 $1,267,280 $433,686 $229,299
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