SECOND CHANCE FOR HOMELESS PETS

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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

2002

Legal Domicile

Principal Officer

Rhonda Greenhalgh

Phone

8015908999

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE FOR HOMELESS PETS, founded in 2002, is a small nonprofit in the Animal-Related sector that reported $187K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $29K, a strong 16% operating margin.

Mission

To end the homelessness, abandonment and mistreatment of companion animals through adoptions, sterilization (spay/neuter), accessibility to affordable veterinarian care and education.

Program Service Accomplishments

Program 1

Expenses: $111,410 Revenue: $46,350

Second Chance for Homeless Pets adoption program places homeless pets into new homes. Each pet is surgically sterilized, provided routine vaccinations, any necessary or emergency veterinary care and microchipped before placement to ensure the reduction in the per over-population and instances of homelessness in the future.

Program 2

Expenses: $21,321 Revenue: $17,717

Second Chance for Homeless Pets provides low cost vaccinations and microchips to help families get their pet(s) vaccination against common pet illnesses and a microchip implanted. This service helps reduce the number of animals abandoned due to the inability to pay for veterinary care and ensue the per population in general remains healthy and safe as well as helps animals get back home if they get lost at any time with microchip information.

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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 $98,206

Program Service Revenue $64,067

Investment Income $1,681

Other Revenue $22,907

TOTAL REVENUE $186,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,408

Fundraising Expenses $3,912

Program Expenses $132,731

Other Expenses $71,084

TOTAL EXPENSES $157,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,861	$158,150	+0.2%
Expenses	$157,492	$152,369	+0.0%
Net Income	$29,369	$5,781	+4.1%

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

Governance

Voting Members

Independent Members

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

$39,600

Total Directors