Pet Florida - Penney Farms Inc
Nonprofit profile at a glance
- EIN
- 562462370
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Penney Farms, FL, USA
- Phone
- 9042845495
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
Reported finances
- Revenue
- $315,644
- Expenses
- $286,205
- Assets
- $444,218
- Liabilities
- $24,466
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- RICHARD HOLLOWELL (TREASURER)
- CAROL JOY (DIRECTOR)
- NANCY KEATING (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To produce a "pet" which is a three wheel, hand pedaled wheelchair that can go where other wheelchairs can't go. Pet is an acronym for personal energy transportation. To provide a free gift of mobility in the form of adult or a small size pet for people living in poverty in economically developing societies who have lost the use of their legs to land mines, disease or accidents and who live in areas where a normal wheelchair cannot function. The organization assembles pets using volunteer labor. For the fiscal year ending june 30, 2025, the organization received approximately 12,000 hours of volunteer services from appoximatelty 160 volunteers.
What it reported doing in 2024
The organization assembled 816 "pets". The organization shipped pets to international charity organization and various countries throughout the world. Shipments of pets were made to countries such as zambia, bali, ghana, southern india and kenya. The organization provided support to independent pet facilities in the united states. The need for pets continues to grow.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- 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
STRONG - 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 assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 55
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.3%; rating input score 82
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: $111.16 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.3%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 82.3% of revenue deployed · 90.7% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $260K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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: 2 of 6 not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 59/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.