NEADY CATS CORP D/B/A CATS IN NEED

EIN: 043509327 501(c)(3) Animal-Related

WEST BOYLSTON, MA

Total Revenue
$182,354
Total Expenses
$121,066
Total Assets
$1,486,183
Net Assets
$1,475,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MA
Principal Officer
NORMAN SARKISIAN
Phone
9784225116
Tax Period
2023-09-01 to 2024-08-31

NEADY CATS CORP D/B/A CATS IN NEED, founded in 2000, is a small nonprofit in the Animal-Related sector that reported $182K in total revenue in fiscal year 2023. The organization ran a surplus of $61K, a strong 34% operating margin.

Mission

NEADY CATS CORP FINDS HOMES FOR ADOPTABLE CATS AND KITTENS, PROMOTES SPAYING AND NEUTERING, AND EDUCATES THE PUBLIC IN MATTERS OF FELINE CARE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,133
Program Service Revenue $8,414
Investment Income $32,761
Other Revenue $8,046
TOTAL REVENUE $182,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,326
Program Expenses $92,208
Other Expenses $121,066
TOTAL EXPENSES $121,066

Year-over-Year Comparison

2023 2022 Change
Revenue $182,354 $180,699 +0.0%
Expenses $121,066 $156,960 -0.2%
Net Income $61,288 $23,739 +1.6%
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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN R SARKISIAN PRESIDENT 2.00
Officer Director
$0 $0 $0
DOREEN SHERIDAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
HENRY FRYE CPA TREASURER 2.00
Officer Director
$0 $0 $0
MARILYN SARKISIAN SECRETARY 2.00
Officer Director
$0 $0 $0
CHERYL MOSS DVM MEDICAL ADVISOR 2.00
Officer 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 $182,354 $121,066 $1,486,183 $61,288
2023 $180,699 $156,960 $1,192,858 $23,739
2022 $305,438 $143,175 $1,076,591 $162,263
2021 $254,682 $95,270 $1,091,661 $159,412
2020 $162,152 $104,305 $987,645 $57,847
2019 $205,276 $105,804 $874,730 $99,472
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