Pet Haven Inc of Minnesota

What it reported doing in 2024

Pet haven rescues, rehabilitates and re-homes rescued cats and dogs. In 2024, a total of 1,182 pets were rescued and brought into the care of pet haven and 1,071 were adopted into loving homes. In 2024, 917 cats were rescued and brought into the care of pet haven while 793 cats were placed in adoptive loving homes. In 2024, 265 dogs were rescued and brought into the care of pet haven while 278 dogs were placed in adoptive loving homes.pet haven's owner surrender program served 321 families needing to surrender their family pet. This was increase from 2023. Having the option for pet haven as a safe place for family pets helps to take the stress off of an often difficult situation. As part of pet haven's mission to reduce unwanted litters and overpopulation, pet haven provided spay/neuter services to 782 pets through our veterinary partners. Through pet haven's microchip program, 938 pets received microchips. Pet haven registers every chip to the new adopter and stays on as a secondary contact so every pet haven pet has a safe place to land no matter what. Both the spay/neuter services and the microchip program have seen continual increases every year. As part of our mission to serve more Minnesota pets in need and increase our life saving impact. Pet have opened up its first physical space in april of 2022. The facility is a beautiful and welcoming 5,500 sq foot community building center where families are created through our adoption programs, fosters are support through having a central meeting place and housing supplies, volunteers have access to staff when needed., and this facility also offers temporary emergency holding of at risk pets when needed thus allowing us to impact a greater number of pets in crisis. We continue to see the effects of housing insecurity and financial stress on pets and people in the community, as pet haven saw an increase in surrender services of 22% in 2024 as compared to 2023.

Financial Efficiency

• Mission deployment rate: 73.6%; rating input score 74
• Program expense ratio: 76.3%; rating input score 76
• Fundraising efficiency: $15.55 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 7.7%; rating input score 57; 57th percentile among comparable filings
• Total-asset coverage ratio: 0.74; rating input score 33; 33rd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 17.5% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 14.7% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 7.5% per year; rating input score 100; 50th percentile among comparable filings