PURRFECT PALS (EIN 943127448) - 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

1990

Legal Domicile

Principal Officer

CAROL LAMAR

Phone

3606529611

Tax Period

2023-01-01 to 2023-12-31

PURRFECT PALS, founded in 1990, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 44% operating margin.

Mission

PURRFECT PALS WORKS TO END CAT HOMELESSNESS IN THE PUGET SOUND REGION - BECAUSE EVERY CAT MATTERS.

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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 $2,976,581

Program Service Revenue $36,300

Investment Income $28,841

Other Revenue $2,631

TOTAL REVENUE $3,044,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $884,190

Fundraising Expenses $183,190

Program Expenses $1,191,063

Other Expenses $822,938

TOTAL EXPENSES $1,707,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,044,353	$1,164,402	+1.6%
Expenses	$1,707,128	$1,550,898	+0.1%
Net Income	$1,337,225	$-386,496	-4.5%

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

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

293

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PETTS	PRESIDENT START JULY	5.00	Officer Director	$0	$0	$0
MEG BRUNNER	PRESIDENT UNTIL JULY	5.00	Officer Director	$0	$0	$0
WHITNEY WHITWORTH	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
HEATHER TORRETTA	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW CALNEK	TREASURER	5.00	Officer Director	$0	$0	$0
KATHY CENTALA	BOARD MEMBER/FOUNDER	2.00	Director	$0	$0	$0
ALISHA HENDREN	BOARD MEMBER	2.00	Director	$0	$0	$0
ORNA SAMUELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
TONI ZONNEVELD	BOARD MEMBER	2.00	Director	$0	$0	$0
SUZANNE LEE	BOARD MEMBER UNTIL OCTOBER	2.00	Director	$0	$0	$0
MARY WARSINSKE	BOARD MEMBER UNTIL SEPTEMBER	2.00	Director	$0	$0	$0
KATHLEEN OLSON	EXECUTIVE DIRECTOR	40.00	Officer	$70,000	$0	$70,000

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	$3,044,353	$1,707,128	$3,757,159	$1,337,225
2022	$1,164,402	$1,550,898	$2,497,535	$-386,496
2021	$2,047,769	$1,295,136	$2,924,134	$752,633
2020	$1,462,179	$1,249,561	$2,407,145	$212,618
2019	$1,346,524	$1,554,599	$2,094,361	$-208,075
2018	$1,499,816	$1,815,335	$2,196,056	$-315,519

PURRFECT PALS