PARADISE FARM RESCUE AND SANCTUARY… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

TAMMY M LACY

Phone

4106083005

Tax Period

2023-01-01 to 2023-12-31

PARADISE FARM RESCUE AND SANCTUARY INC, founded in 2022, is a micro nonprofit in the Animal-Related sector that reported $71K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $108K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO SAVE EQUINES FROM DIRE SITUATIONS, SUCH AS SLAUGHTER, REHABILITATE, AND PLACED INTO LOVING FOREVER HOMES

Program Service Accomplishments

Program 1

Expenses: $108,495 Revenue: $0

TO SAVE EQUINES FROM DIRE SITUATIONS, SUCH AS SLAUGHTER, REHABILITATE, AND PLACE INTO LOVING FOREVER 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 $70,644

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,495

Other Expenses $108,495

TOTAL EXPENSES $108,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,644	$83,416	-0.2%
Expenses	$108,495	$171,673	-0.4%
Net Income	$-37,851	$-88,257	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY LACY	PRESIDENT	28.00	Director	$0	$0	$0
MICHAEL WALSTRUM	SECRETARY/TREASURER	8.00	Director	$0	$0	$0
JEANIE LAW-ORFANOS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$70,644	$108,495	$4,299	$-37,851
2022	$83,416	$171,673	$1,222	$-88,257

PARADISE FARM RESCUE AND SANCTUARY INC