Rescued Hearts Inc

Nonprofit profile at a glance

EIN
223970404
IRS 990-EZ coverage
2011–2015
Forms available
Form 990-EZ 2015
Location
Port Charlotte, FL, USA
Phone
9416972825
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Heart and Circulatory System Diseases, Disorders

Reported finances

Revenue
$18,301
Expenses
$18,680
Assets
$12
Liabilities
$7,294

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BARBARA MUNN (PRESIDENT)

People named in this filing

  • BARBARA MUNN (PRESIDENT)
  • JEAN WALSH (VICE PRESIDE)
  • ROBERT MUNN (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-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rescued hearts, inc's primiary purpose is to rescue dogs slated for euthanasia and place them in loving homes. They are placed in foster homes until they are adopted. Rescued hearts, inc. Makes sure that the dogs are fully vetted prior to adoption. Rescued hearts, inc. Also educates the public as well as those adopting the dogs regarding responsibile pet ownership and the importance of spaying and neutering.

What it reported doing in 2015

Rescued hearts, inc's primiary purpose is to rescue dogs slated for euthanasia and place them in loving homes. They are placed in foster homes until they are adopted. Rescued hearts, inc. Makes sure the dogs are fully vetted prior to adoption. Rescued hearts, inc. Also educates the public as well as those adopting the dogs regarding responsible pet ownership and the importance of spaying and neutering.

Operating model

Revenue model
Donor-supported. 77% 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. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2.1%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 607.83; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -4.2% per year; rating input score 0; 40th percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: -45.2% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $18K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2011 to 2015
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.