CAT NMS LLC

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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

2016

Legal Domicile

Principal Officer

MICHAEL SIMON

Phone

8886963348

Tax Period

2020-01-01 to 2020-12-17

CAT NMS LLC, founded in 2016, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2020. Expenses of $7.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

EFFECTIVE APRIL 14, 2020, AS PER THE AMENDED AND RESTATED AGREEMENT, CAT NMS, LLC WILL ENGAGE IN: (A) THE DEFENSE AND RESOLUTION OF THE DISPUTE BETWEEN THE COMPANY AND THESYS CAT LLC RELATED TO THE PLAN PROCESSOR AGREEMENT BETWEEN THESYS CAT LLC AND THE COMPANY DATED AS OF APRIL 6, 2017, UNDER WHICH THESYS CAT LLC SERVED AS THE PLAN PROCESSOR FOR THE CREATION, IMPLEMENTATION, AND MAINTENANCE OF THE CAT PURSUANT TO SEC RULE 608 AND SEC RULE 613; AND (B) ANY OTHER BUSINESS OR ACTIVITY THAT NOW OR HEREAFTER MAY BE NECESSARY, INCIDENTAL, PROPER, ADVISABLE OR CONVENIENT TO ACCOMPLISH THE FOREGOING PURPOSE AND THAT IS NOT PROHIBITED BY THE DELAWARE ACT, THE EXCHANGE ACT OR OTHER APPLICABLE LAW AND IS CONSISTENT WITH TAX EXEMPT STATUS UNDER SECTION 501(C)(6) OF THE CODE. THE COMPANY SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS AND RIGHTS CONFERRED UPON LIMITED LIABILITY COMPANIES FORMED PURSUANT TO THE DELAWARE ACT.

Program Service Accomplishments

Program 1

SEE ORGANIZATION'S MISSION WHICH DESCRIBES ITS ACTIVITY DURING 2020. THERE WERE NO PROGRAM SERVICES UNDERTAKEN DURING THE CURRENT YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,300,000

Investment Income $3,484

Other Revenue $0

TOTAL REVENUE $6,303,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,590,757

TOTAL EXPENSES $7,590,757

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,303,484	N/A	N/A
Expenses	$7,590,757	N/A	N/A
Net Income	$-1,287,273	$0	N/A

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

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

$38,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KING	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
EDWARD DEITZEL	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
BRUCE GOODHUE	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
JEFF CONNELL	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
JON KROEPER	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
JOHN RAMSAY	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
CINDY RETTERER	OPERATING COMMITTEE MEMBER	3.00	Director	$0	$0	$0
MICHAEL SIMON	CHAIR, OPERATING COMMITTEE	2.00	Officer	$38,315	$0	$38,315

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
2020	$6,303,484	$7,590,757	No data	$-1,287,273