HAPPY LIFE ANIMAL RESCUE INC

EIN: 811804421 501(c)(3) Animal-Related

PAWLING, NY

Total Revenue
$367,559
Total Expenses
$368,912
Total Assets
$191,403
Net Assets
$94,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
LORRAINE FORSTER
Phone
8452164221
Tax Period
2023-01-01 to 2023-12-31

HAPPY LIFE ANIMAL RESCUE INC, founded in 2016, is a small nonprofit in the Animal-Related sector that reported $368K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

HAPPY LIFE ANIMAL RESCUE INC IS A NON FOR PROFIT ORGANIZATION DEDICATED TO RESCUING ANIMALS LEFT HOMELESS DUE TO OVERPOPULATION IN SHELTERS, BEING GIVEN UP THEIR OWNERS, AND THOSE IN DANGER OF ABUSE AND NEGLECT. HAPPY LIFE ANIMAL RESCUE SAVES LIVES OF ANIMALS WHO HAVE RUN OUT OF TIME IN SHELTERS, AND BRING PEOPLE AND ANIMALS TOGETHER TO ENRICH EACH OTHERS LIVES. ULIMATELY, HAPPY LIFE ANIMAL RESCUE STRIVES TO WORK WITH OTHER RESCUES AND HUMANE ORGANIZATION IN FINDING FOREVER HOMES. HAPPY LIFE ANIMAL RESCUE AIMS FOR LOVING HOMES WHERE NO ANIMAL WILL SUFFER FROM ANIMAL ABUSE OR NEGLECT. OUR VISIION IS TO EDUCATE PEOPLE ABOUT THE IMPORTANCE OF SPAY AND NEUTER, AND THE HOPE OF NO FURTHER NEED FOR KILL SHELTERS.

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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 $362,039
Program Service Revenue $0
Investment Income $6
Other Revenue $5,514
TOTAL REVENUE $367,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,466
Fundraising Expenses $2,373
Program Expenses $353,266
Other Expenses $323,446
TOTAL EXPENSES $368,912

Year-over-Year Comparison

2023 2022 Change
Revenue $367,559 $324,975 +0.1%
Expenses $368,912 $292,075 +0.3%
Net Income $-1,353 $32,900 -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

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Governance

Voting Members
4
Independent Members
1
Employees
1
Volunteers
N/A

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
$44,100
Total Directors
4
$44,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROY C FORSTER VICE PRESIDE 25.00
Officer Director
$29,700 $0 $29,700
LORRAINE FORSTER DIRECTOR/TRE 25.00
Officer Director
$14,400 $0 $14,400
ROY FORSTER DIRECTOR 10.00
Director
$0 $0 $0
JESSICA LOVE SECRETARY 10.00
Officer 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 $367,559 $368,912 $191,403 $-1,353
2022 $324,975 $292,075 $147,107 $32,900
2021 $343,152 $336,451 $95,814 $6,701
2020 $336,289 $319,845 $100,851 $16,444
2019 $213,760 $184,436 $58,771 $29,324
2018 $141,583 $156,051 $27,906 $-14,468
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