GREYHOUND ADOPTION CENTER

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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

1987

Legal Domicile

Principal Officer

DARREN RIGG

Phone

6194430940

Tax Period

2024-01-01 to 2024-12-31

GREYHOUND ADOPTION CENTER, founded in 1987, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 7915% operating deficit.

Mission

OUR MISSION IS TO FIND LOVING HOMES FOR RESCUED DOGS, MOSTLY RACETRACK GREYHOUNDS, BUT ALSO NON-RACERS AND GREYHOUND MIXES. OUR GOAL IS TO SAVE AS MANY DOGS AS WE CAN WHILE MAINTAINING A QUALITY PROGRAM FOCUSED ON EACH INDIVIDUAL DOG AND PROSPECTIVE ADOPTERS' NEEDS. TO THIS END, WE SERVE AS ADVOCATES FOR EACH PERSON ADOPTING AND EACH DOG WELCOMED INTO THEIR HOME AS FAMILY.

Program Service Accomplishments

Program 1

Expenses: $74,020

SHELTER AND ADOPTION PROGRAM: GAC SAVES DOGS DISCARDED BY THE GREYHOUND RACING INDUSTRY FOR THE PAST 30 YEARS. THIS WORK WAS TRANSFERRED TO SAN DIEGO HUMANE SOCIETY IN FEBRUARY 2023 WHEN CASH, REAL PROPERTY, AND ALL OTHER FIXED ASSETS USED IN GAC'S OPERATIONS WERE TRANSFERRED TO THIS NONPROFIT ORGANIZATION TO PROVIDE MEDICAL CARE AND SHELTER FOR GREYHOUNDS FOR ONE YEAR AFTER THE CALIENTE, MEXICO GREYHOUND RACETRACK CLOSES. THE TRACK CLOSED IN JULY 2024. ANY OF GAC'S TRANSFERRED ASSETS REMAINING AFTER THIS DATE MAY BE USED FOR SAN DIEGO HUMANE SOCIETY'S OPERATIONS. IN FEBRUARY 2023, 290,000 IN CASH, AND 332,490 IN FIXED ASSETS WERE TRANSFERRED TO SAN DIEGO HUMANE SOCIETY AS GAC CONTINUED TO CLOSE OPERATIONS. IN OCTOBER 2024, THE REMAINING CASH OF 74,020 WAS PAID TO SAN DIEGO HUMANE SOCIETY VIA CERTIFIED CHECK WHEN GAC'S OPERATIONS TERMINATED.

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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 $1,499

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,499

Expense Breakdown

Grants Paid $74,020

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,020

Other Expenses $46,130

TOTAL EXPENSES $120,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,499	$59,927	-1.0%
Expenses	$120,150	$692,668	-0.8%
Net Income	$-118,651	$-632,741	-0.8%

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
DARREN RIGG	PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHLEEN JOHNSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID COHEN	SECRETARY	0.50	Officer Director	$0	$0	$0
SERGE THEROUX	DIRECTOR	0.50	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	$1,499	$120,150	No data	$-118,651
2023	$59,927	$692,668	$118,651	$-632,741
2022	$174,672	$546,329	$756,011	$-371,657
2021	$562,514	$455,189	$1,291,665	$107,325
2020	$401,323	$584,584	$1,253,939	$-183,261
2019	$630,460	$622,527	$1,228,775	$7,933
2018	$454,976	$586,300	$1,239,401	$-131,324