Friends For Pets Foundation

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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

1986

Legal Domicile

Principal Officer

Torin Monahan

Phone

9192824800

Tax Period

2022-07-01 to 2023-06-30

Friends For Pets Foundation, founded in 1986, is a micro nonprofit that reported $3 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 363367% operating deficit.

Mission

FOR 35 YEARS OUR ORGANIZATION HAS BEEN DEDICATED TO THE RESCUE, REHABILITATION AND PLACEMENT OF 4,500 ABANDONED DOGS. RECENTLY WE CLOSED OUR FACILITY AND HAVE TRANSITIONED INTO AN ORGANIZATION TO PROVIDE VETERINARY GRANTS FOR NON-PROFIT RESCUES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $10,904 Revenue: $3

Our organization provides veterinary grants for Non-Profit Rescues in need

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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 (2022)

Revenue Breakdown

Contributions & Grants $3

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3

Expense Breakdown

Grants Paid $10,589

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,589

Other Expenses $315

TOTAL EXPENSES $10,904

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3	$5,184	-1.0%
Expenses	$10,904	$678,304	-1.0%
Net Income	$-10,901	$-673,120	-1.0%

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
LaVonne Rodstein	Vice-President	0.0	Officer Director	$0	$0	$0
Gail McKenzie	Advisory	0.0	Director	$0	$0	$0
Charmaine Chastain	Advisory	0.0	Director	$0	$0	$0
Torin Monahan	Chief Executive	1.0	Director	$0	$0	$0
Suzanne Fourmique	Advisory	0.0	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
2023	$3	$10,904	No data	$-10,901
2022	$5,184	$678,304	$10,901	$-673,120
2021	$16,230	$45,737	$684,021	$-29,507
2020	$293,533	$51,226	$713,528	$242,307