FRIENDS OF PETS INC (EIN 943095459) - 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

1989

Legal Domicile

Principal Officer

MICHELE GIRAULT

Phone

9075622535

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF PETS INC, founded in 1989, is a small nonprofit in the Animal-Related sector that reported $479K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $427K left a modest 11% surplus.

Mission

WE INTERVENE TO REDUCE THE EUTHANASIA RATES AT THE ANCHORAGE ANIMAL CARE & CONTROL CENTER, TO PROMOTE RESPONSIBLE PET OWNERSHIP AND TO IMPROVE THE QUALITY OF LIFE FOR COMPANION ANIMALS, THROUGH RESCUE/ADOPTION SERVICES, SPAY/NEUTER DISCOUNT COUPONS AND ANIMAL EDUCATION.

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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 $438,993

Program Service Revenue $8,375

Investment Income $31,212

Other Revenue $207

TOTAL REVENUE $478,787

Expense Breakdown

Grants Paid $7,110

Salaries & Benefits $0

Fundraising Expenses $7,876

Program Expenses $356,136

Other Expenses $420,017

TOTAL EXPENSES $427,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,787	$335,217	+0.4%
Expenses	$427,127	$388,505	+0.1%
Net Income	$51,660	$-53,288	-2.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE GIRAULT	PRESIDENT	25.00	Officer Director	$0	$0	$0
RUTH QUINLAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRISTY GARRETT	TREASURER	5.00	Officer Director	$0	$0	$0
LEELANI FRENCH	SECRETARY	15.00	Officer Director	$0	$0	$0
MARJORIE CARTER	DIRECTOR	15.00	Director	$0	$0	$0
JANICE STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY YOUNGBLOOD	DIRECTOR	15.00	Director	$0	$0	$0
ERIN REYNOLDS	DIRECTOR	10.00	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	$478,787	$427,127	$1,677,900	$51,660
2023	$335,217	$388,505	$1,541,477	$-53,288
2022	$371,370	$394,987	$1,433,923	$-23,617
2021	$368,887	$322,260	$1,664,759	$46,627
2020	$368,983	$254,740	$1,481,875	$114,243
2019	$337,734	$278,345	$1,301,271	$59,389

FRIENDS OF PETS INC