FRIENDS OF CATS INC (EIN 956111755) - 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

1954

Legal Domicile

Phone

6195610361

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF CATS INC, founded in 1954, is a small nonprofit in the Animal-Related sector that reported $734K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $871K exceeded revenue, resulting in a 19% operating deficit.

Mission

Humane Treatment of Cats

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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 $653,565

Program Service Revenue $0

Investment Income $74,183

Other Revenue $6,267

TOTAL REVENUE $734,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,464

Fundraising Expenses $0

Program Expenses $801,204

Other Expenses $425,762

TOTAL EXPENSES $871,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$734,015	$1,129,736	-0.4%
Expenses	$871,226	$790,738	+0.1%
Net Income	$-137,211	$338,998	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Hogan	Treasurer	20.00	Director	$0	$0	$0
Christine Hogan	Vice President	30.00	Officer Director	$0	$0	$0
Patti Gentes	Secretary	10.00	Officer Director	$0	$0	$0
Robert James	President	12.00	Director	$0	$0	$0
Rebekah Gibson	Secretary	10.00	Director	$0	$0	$0
Pam Ray	Member at Large	0.00	Director	$0	$0	$0
Jane Harrison	Shelter Liason	16.00	Director	$0	$0	$0
Becky Lafreniere	Member at Large	0.00	Director	$0	$0	$0
Judith Lihosit	Member at Large	0.00	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
2024	No data	No data	No data	No data
2023	$734,015	$871,226	$2,467,970	$-137,211
2022	$1,129,736	$790,738	$2,605,184	$338,998
2021	$909,280	$647,706	$2,266,182	$261,574
2020	$718,729	$618,653	$2,004,608	$100,076
2019	$1,084,661	$615,185	$1,904,332	$469,476
2018	$608,641	$581,632	$1,434,856	$27,009

FRIENDS OF CATS INC