True & Faithful Pet Rescue Mission Inc
Nonprofit profile at a glance
- EIN
- 471681488
- IRS 990 coverage
- 2017–2025
- Forms available
- Form 990 2025, Form 990-EZ 2016
- Location
- Venice, FL, USA
- Phone
- 9418824968
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $1,463,741
- Expenses
- $1,162,408
- Assets
- $555,713
- Liabilities
- $69,448
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- LISA LETSON (PRESIDENT)
- WILLIAM LETSON (VICE PRESIDENT)
Highest reported compensation
- LISA LETSON (PRESIDENT): $76,667 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's primary mission is to rescue stray animals and abandoned senior and handicapped animals. These animals are often considered less desirable adoption choices, and thus are frequent victims of euthenasia in order to relieve pet shelter overcrowding. Our goal is to claim these animals prior to their scheduled demise, and to care for them indefinitely, ultimately placing each animal in a loving home. Contributions will be used to cover the cost of food for rescued animals, to pay for shelter space, purchase needed supplies for the humane care of animals, and to pay veterinarians and pet caregivers for the medical care and grooming of animals under our protection. Additionally, contributed dollars will fund programs to educate the public on the benefits of adopting senior and handicapped animals, promote our mission, and advertise to find loving homes for animals.
What it reported doing in 2025
To cover the cost of animal rescues, food, housing, supplies, and veterinarian care.
Operating model
- Revenue model
- Donor-supported. 89% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 86
- Accountability: 79
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.5%; rating input score 54
- Program expense ratio: 66.5%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 22nd 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; 64th 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: Pass
- CEO compensation review process: Fail
- 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: 20.6%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 14.6% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 19.1% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 24.9% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 53.5% of revenue deployed · 66.5% of spending went to programs
- Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $773K in reported program spending
- Leadership: top reported pay $77K · 4 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 54/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.