FURBALL FARM PET SANCTUARY

EIN: 814611071 501(c)(3) Animal-Related

FARIBAULT, MN

Total Revenue
$2,071,554
Total Expenses
$1,070,442
Total Assets
$1,777,279
Net Assets
$1,758,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MN
Principal Officer
JULIE MARVETS
Phone
6122455080
Tax Period
2024-01-01 to 2024-12-31

FURBALL FARM PET SANCTUARY, founded in 2016, is a community nonprofit in the Animal-Related sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 48% operating margin.

Mission

FURBALL FARM IS DEDICATED TO PROVIDING A PLACE OF REFUGE FOR CATS IN HOPELESS SITUATIONS. EACH CAT CAN LIVE OUT HIS OR HER LIFE IN A CAGE FREE ENVIRONMENT, OR UNTIL HE OR SHE IS PLACED IN A LOVING HOME. THE CATS THAT ARE ACCEPTED INTO THIS SANCTUARY ARE CATS THAT HAVE NO TOMORROW. WE ARE THEIR LAST RESORT. WE WILL ONLY ACCEPT CATS FROM CLINICS, RESCUES, IMPOUND, AND HUMANE SOCIETIES THAT ARE DEEMED UNADOPTABLE DUE TO BEHAVIOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,444,227
Program Service Revenue $617,707
Investment Income $9,620
Other Revenue $0
TOTAL REVENUE $2,071,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $418,187
Fundraising Expenses $0
Program Expenses $1,055,400
Other Expenses $652,255
TOTAL EXPENSES $1,070,442

Year-over-Year Comparison

2024 2023 Change
Revenue $2,071,554 $1,022,092 +1.0%
Expenses $1,070,442 $739,299 +0.4%
Net Income $1,001,112 $282,793 +2.5%
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

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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
8
Independent Members
7
Employees
13
Volunteers
62

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
8
$271,995
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE MARVETS PRESIDENT 40.00
Officer
$29,216 $0 $29,216
DEBBIE BRUDE VICE PRESIDE 40.00
Officer
$0 $0 $0
MELANIE HERNANDEZ SECRETARY 40.00
Officer
$62,939 $0 $62,939
BRETT JOHNSON TREASURER 40.00
Officer
$53,258 $0 $53,258
KRISTINE NOVOTNY BOARD MEMBER 20.00
Officer
$63,181 $0 $63,181
JANIS GOEHNER BOARD MEMBER 20.00
Officer
$63,401 $0 $63,401
HANNAH PLUNKETT BOARD MEMBER 0.00
Officer
$0 $0 $0
CRYSTAL GILSON BOARD MEMBER 0.00
Officer
$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 $2,071,554 $1,070,442 $1,777,279 $1,001,112
2023 $1,022,092 $739,299 $773,333 $282,793
2022 $718,586 $448,796 $483,848 $269,790
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