HEARTS & BONES ANIMAL RESCUE (EIN 820605962) - 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

2017

Legal Domicile

Principal Officer

WHITNEY FANG

Phone

2154106299

Tax Period

2023-01-01 to 2023-12-31

HEARTS & BONES ANIMAL RESCUE, founded in 2017, is a small nonprofit in the Animal-Related sector that reported $897K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $845K left a modest 6% surplus.

Mission

THE RESCUE AND REHABILITATION OF SHELTER DOGS, WITH THE ULTIMATE GOAL OF FINDING THEM ADOPTIVE HOMES.

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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 $497,095

Program Service Revenue $388,073

Investment Income $5,356

Other Revenue $6,967

TOTAL REVENUE $897,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $497,194

Fundraising Expenses $0

Program Expenses $783,542

Other Expenses $347,766

TOTAL EXPENSES $844,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$897,491	$786,948	+0.1%
Expenses	$844,960	$934,277	-0.1%
Net Income	$52,531	$-147,329	-1.4%

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

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

$80,524

Total Directors

$80,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY FANG	DIRECTOR/PRE	40.00	Officer Director	$80,524	$0	$80,524
ANDREA BRAINARD	DIRECTOR/SEC	5.00	Director	$0	$0	$0
KEVIN ZHU	DIRECTOR/TRE	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	No data	No data	No data	No data
2023	$897,491	$844,960	$708,651	$52,531
2022	$786,948	$934,277	$588,858	$-147,329
2021	$859,631	$663,532	$870,545	$196,099
2020	$787,868	$446,207	$626,672	$341,661
2019	$325,195	$191,181	$289,553	$134,014
2018	$227,176	$132,897	$151,748	$94,279

HEARTS & BONES ANIMAL RESCUE