Island Cat Resources and Adoption (EIN 943225519) - 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

1994

Legal Domicile

Principal Officer

Debbie Sharp

Phone

5108692584

Tax Period

2023-01-01 to 2023-12-31

Island Cat Resources and Adoption, founded in 1994, is a small nonprofit in the Animal-Related sector that reported $633K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 30% operating margin.

Mission

Improve lives of free-roaming & unowned cats through spay/neuter, adoption, and community education.

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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 $541,350

Program Service Revenue $15,679

Investment Income $75,947

Other Revenue $176

TOTAL REVENUE $633,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,094

Program Expenses $415,089

Other Expenses $443,252

TOTAL EXPENSES $443,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,152	$293,323	+1.2%
Expenses	$443,252	$281,563	+0.6%
Net Income	$189,900	$11,760	+15.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Merry Bates	President	35.00	Officer Director	$0	$0	$0
Gail Churchill	Vice President	35.00	Officer Director	$0	$0	$0
Debbie Sharp	Secretary/Treasurer	35.00	Officer Director	$0	$0	$0
Peggy Harding	Director at Large	35.00	Director	$0	$0	$0
Julia Griswold	Director at Large	35.00	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$633,152	$443,252	$3,063,746	$189,900
2022	$293,323	$281,563	$2,642,005	$11,760
2021	$382,124	$300,963	$3,145,502	$81,161
2020	$251,897	$305,205	$2,942,255	$-53,308
2019	$202,673	$294,789	$2,763,857	$-92,116
2018	$1,813,447	$330,383	$2,561,861	$1,483,064

Island Cat Resources and Adoption