Laps and Naps Home for Senior Cats Inc

Nonprofit profile at a glance

EIN
844463872
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Black Mtn, NC, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Reported finances

Revenue
$165,531
Expenses
$126,532
Assets
$297,162
Liabilities
$23,993

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Nancy Gavin (President)
  • Lauren Hellendall (Vice President)

People named in this filing

  • Nancy Gavin (President)
  • Lauren Hellendall (Vice President)
  • Lisa Davis (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We aspire to be a model for the humane care of all cats in their senior years. While we raise the money to build our senior cat sanctuary we provide foster care and sanctuary homes. Not only do we provide peace of mind to cat guardians by accepting their companions when they are no longer able to care for them but we pull senior cats from local shelters to provide a home environment and care appropriate for their special needs.

What it reported doing in 2024

Our expenses are all related to providing foster care and sanctuary homes for cats in their senior years. In 2024 86 new cats came under our care. 28 of those cats were pulled from local shelters; and 58 were surrendered by people who could no longer care for them either because of death disability or moving to places where cats were not allowed. 80 cats were adopted. 102 cats received comprehensive medical care at our expense.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.8%; rating input score 68
  • Program expense ratio: 88.7%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 23.6%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 2.35; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 48% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 24.4% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 67.8% of revenue deployed · 88.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $112K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 26/100.