FLATBUSH CATS INC (EIN 824466710) - 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

2018

Legal Domicile

Principal Officer

WILLIAM ZWEIGART

Phone

9174262712

Tax Period

2024-01-01 to 2024-12-31

FLATBUSH CATS INC, founded in 2018, is a community nonprofit in the Animal-Related sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 48% operating margin.

Mission

TO PROMOTE, DEVELOP AND IMPLEMENT SUSTAINABLE SOLUTIONS TO ADDRESS AND PREVENT OVERCROWDED ANIMAL SHELTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,568,974

Program Service Revenue $1,322,060

Investment Income $66,924

Other Revenue $32,243

TOTAL REVENUE $5,990,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,755,183

Fundraising Expenses $392,672

Program Expenses $2,448,025

Other Expenses $1,251,859

TOTAL EXPENSES $3,085,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,990,201	$4,676,799	+0.3%
Expenses	$3,085,803	$1,831,347	+0.7%
Net Income	$2,904,398	$2,845,452	+0.0%

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

404

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

$161,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH CARENA	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICKY DA COSTA	SECRETARY	0.50	Officer Director	$0	$0	$0
XINYAN HE	TREASURER	0.50	Officer Director	$0	$0	$0
DIVYA ANANTHARAMAN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM ZWEIGART	EXECUTIVE DIRECTOR	40.00	Officer	$136,050	$25,619	$161,669
OLIVER SMALL	MEDICAL DIRECTOR	40.00	Highest	$148,223	$8,549	$156,772
LACHERYL BALL	DIRECTOR OF SURGERY	40.00	Highest	$123,284	$12,298	$135,582

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	$5,990,201	$3,085,803	$8,141,508	$2,904,398
2023	$4,676,799	$1,831,347	$5,147,224	$2,845,452
2022	$1,954,248	$1,034,122	$3,457,952	$920,126
2021	$1,093,082	$395,317	$1,161,060	$697,765
2020	$475,570	$146,762	$453,917	$328,808

FLATBUSH CATS INC