THE MAXFUND INC

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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

1990

Legal Domicile

Principal Officer

KATHY GAINES

Phone

7202666081

Tax Period

2024-01-01 to 2024-12-31

THE MAXFUND INC, founded in 1990, is a community nonprofit in the Animal-Related sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $8.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE MEDICAL CARE FOR INJURED PETS WITH NO KNOWN OWNERS AND TO FIND NEW HOMES FOR THESE ANIMALS ONCE THEY HAVE RECOVERED.

Program Service Accomplishments

Program 1

Expenses: $3,115,915 Revenue: $2,419,231

VETERINARY CLINIC: TAKES CARE OF MEDICAL/SURGICAL NEEDS AT THE SHELTER, DOES ALL OF OUR SPAYS AND NEUTERS, AND IS OPEN TO THE PUBLIC TO PROVIDE LOW-COST ANIMAL CARE. THIS BENEFITS OUR COMMUNITY.

Program 2

Expenses: $2,878,068 Revenue: $125,311

SHELTER OPERATIONS/ADOPTIONS: ANIMALS ARE BROUGHT INTO SHELTER, INJURED, ABUSED, ABANDONED: WE TAKE CARE OF THEIR MEDICAL, SURGICAL, ALL HEALTH ISSUES AND GIVE THEM LOVE AND WARMTH, FOOD AND TAKE...

SHELTER OPERATIONS/ADOPTIONS: ANIMALS ARE BROUGHT INTO SHELTER, INJURED, ABUSED, ABANDONED: WE TAKE CARE OF THEIR MEDICAL, SURGICAL, ALL HEALTH ISSUES AND GIVE THEM LOVE AND WARMTH, FOOD AND TAKE CARE OF THEIR DAILY NEEDS. WHEN THEY ARE HEALTHY ENOUGH THEN WE FIND THEM NEW FOREVER HOMES. IN ADDITION, WE HOLD MOBILE ADOPTIONS AT DIFFERENT SITES, FAIRS, AND FESTIVALS.

Program 3

Expenses: $1,698,257

OUTREACH PROGRAM: MAXFUND ADMINISTERS A COMMUNITY-WIDE, AND STATE-WIDE SPAY/NEUTER PROGRAM FOR LOW-INCOME PET OWNERS, TRAVELING THE STATE OF COLORADO TO RURAL AREAS TO ADMINISTER SPAY/NEUTER...

OUTREACH PROGRAM: MAXFUND ADMINISTERS A COMMUNITY-WIDE, AND STATE-WIDE SPAY/NEUTER PROGRAM FOR LOW-INCOME PET OWNERS, TRAVELING THE STATE OF COLORADO TO RURAL AREAS TO ADMINISTER SPAY/NEUTER, VACCINATIONS, AND OTHER MINOR SERVICES AT NO CHARGE TO PEOPLE WHO CANNOT AFFORD SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,040,646

Program Service Revenue $2,544,542

Investment Income $201,879

Other Revenue $373,018

TOTAL REVENUE $7,160,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,858,019

Fundraising Expenses $332,838

Program Expenses $7,692,240

Other Expenses $2,695,157

TOTAL EXPENSES $8,553,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,160,085	$5,852,780	+0.2%
Expenses	$8,553,176	$6,920,528	+0.2%
Net Income	$-1,393,091	$-1,067,748	+0.3%

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

147

Volunteers

448

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

$193,386

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY GAINES	EXECUTIVE DI	40.00	Officer	$190,986	$2,400	$193,386
DR DAVID O'BRIEN	CLINIC DIREC	40.00	Highest	$235,796	$2,400	$238,196
DR KELSEY MCQUARRIE	VETERINARIAN	40.00	Highest	$196,080	$2,400	$198,480
RICHARD T PERRY	OPERATIONS D	40.00	Highest	$190,500	$2,400	$192,900
DR DANIELLE ROPE	VETERINARIAN	40.00	Highest	$161,363	$2,400	$163,763
DR RACHEL FISHER	VETERINARIAN	40.00	Highest	$160,998	$2,400	$163,398
PETE PAPPAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEN KRUPA	TREASURER	2.00	Officer Director	$0	$0	$0
SHANNON PATTERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
CARMEN FARRELL	SECRETARY	2.00	Officer Director	$0	$0	$0
NICOLE NICE	MEMBER	1.00	Director	$0	$0	$0
ILENE DAVIDSON JOHNSON	MEMBER	1.00	Director	$0	$0	$0
HAMILTON FLAKE	MEMBER	1.00	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	$7,160,085	$8,553,176	$12,566,264	$-1,393,091
2023	$5,852,780	$6,920,528	$13,315,543	$-1,067,748
2022	$5,588,196	$5,160,315	$14,053,022	$427,881
2021	$4,288,338	$4,113,068	$14,304,665	$175,270
2021	$4,263,338	$4,113,068	$14,304,665	$150,270
2020	$4,816,673	$4,002,358	$14,829,682	$814,315
2019	$3,793,294	$3,513,316	$13,591,669	$279,978
2018	$5,575,752	$3,083,185	$12,789,740	$2,492,567