PET HAVEN INC OF MINNESOTA (EIN 416040860) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

KERRY SPOLUM-D'AMATO

Phone

9528313825

Tax Period

2023-01-01 to 2023-12-31

PET HAVEN INC OF MINNESOTA, founded in 1952, is a small nonprofit in the Animal-Related sector that reported $721K in total revenue in fiscal year 2023. Expenses of $835K exceeded revenue, resulting in a 16% operating deficit.

Mission

PET HAVEN RESCUES AND RE-HOMES CATS AND DOGS, SPAYS AND NEUTERS TO REDUCE OVER POPULATION, PROMOTES COMPANION ANIMAL WELFARE, AND ADVOCATES ON BEHALF OF COMPANION ANIMALS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $476,874

Program Service Revenue $210,470

Investment Income $28,617

Other Revenue $4,767

TOTAL REVENUE $720,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,509

Fundraising Expenses $42,826

Program Expenses $657,733

Other Expenses $579,448

TOTAL EXPENSES $834,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$720,728	$699,550	+0.0%
Expenses	$834,957	$788,118	+0.1%
Net Income	$-114,229	$-88,568	+0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

458

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

$56,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCINDA WINTER	BOARD MEMBER	5.00	Director	$0	$0	$0
KATE MUDGE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JACK NOVAK	TREASURER	10.00	Officer Director	$0	$0	$0
MARCELLA MCINTYRE	PRESIDENT	10.00	Officer Director	$0	$0	$0
DR KATIE CARTLEDGE	BOARD MEMBER	5.00	Director	$0	$0	$0
ELIJAH BERG	BOARD MEMBER	5.00	Director	$0	$0	$0
MONIKA MCDOLE -RUSSELL	BOARD MEMBER	5.00	Director	$0	$0	$0
MAREN WILLETTE	BOARD MEMBER	5.00	Director	$0	$0	$0
JANET WATSON	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNIFER SPOSETO	BOARD MEMBER	5.00	Director	$0	$0	$0
MARTA BARNETT	BOARD MEMBER	5.00	Director	$0	$0	$0
KERRY SPOLUM-D'AMATO	EXECUTIVE DIRECTOR	40.00	Officer	$56,052	$0	$56,052

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	No data	No data	No data	No data
2023	$720,728	$834,957	$746,228	$-114,229
2022	$699,550	$788,118	$614,164	$-88,568
2021	$538,199	$589,202	$803,533	$-51,003
2020	$444,071	$441,200	$781,598	$2,871
2019	$290,537	$315,584	$729,730	$-25,047
2018	$274,639	$344,755	$668,814	$-70,116

PET HAVEN INC OF MINNESOTA