New York Therapy Animals Inc
Nonprofit profile at a glance
- EIN
- 475171081
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- New York, NY, USA
- Phone
- 2128677800
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Animal-Related N.E.C.
Reported finances
- Revenue
- $127,923
- Expenses
- $91,848
- Assets
- $182,828
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Nancy George-Michalson (Executive Director)
Highest reported compensation
- Nancy George-Michalson (Executive Director): $22,684 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Healing and education through a human/animal connection.
What it reported doing in 2024
THERAPY DOG TEAM PROGRAMS: New York Therapy Animals 175 therapy dog teams bring comfort, support and smiles to people within the NYC and Westchester communities in more than 250 venues. Our unique services benefit hospitals, healthcare, assisted living and Alzheimer's facilities, shelters, children and adults with special needs, socio-emotional mental health challenges, humane education components, and student, office, and corporate wellness stress-relief interactions. Environments and lives are transformed by sharing a distinctive, attentive and compassionate kind of healing through supportive therapy dog teams to people in need. Our animal-assisted interactive community programs serve people of all ages in various socio-economic matters in areas of physical, occupational, speech and psychotherapies and special education. New York Therapy Animals is the official NY affiliate for the Reading Education Assistance Dogs(R) R.E.A.D. (R) children's literacy support program in schools and libraries. This program is a successful motivator with a strong academic influence to touch-tackle the nervous aspects of reading. Striving readers read 1:1 to the non-judgmental therapy dog in a safe atmosphere with the assistance of their human partner who guides fluency and comprehension. Statistics show this program to be effective in improving students test scores, elevating reading levels, and enhancing social skills and self-confidence. Benefits of interacting with a therapy dog include lowering blood pressure and stress and anxiety levels with significant measurable feelings of relaxation.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 85
- Accountability: 68
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.5%; rating input score 67
- Program expense ratio: 91.1%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.2%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.99; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 24.7%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 17.2% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 66.5% of revenue deployed · 91.1% of spending went to programs
- Governance: 4 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $84K in reported program spending
- Leadership: top reported pay $23K · 5 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 15/100.