Loma Cat House Inc
Loma Cat House Inc shows consistent revenue growth and zero officer compensation, though 2023 expenses exceeded revenue.
EIN: 202123873 · Grand Jct, CO · NTEE: D20 · Updated: 2026-03-28
Is Loma Cat House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loma Cat House Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loma Cat House Inc
Loma Cat House Inc (EIN: 202123873) is a nonprofit organization based in Grand Jct, CO, classified under NTEE code D20. The organization reported total revenue of $153K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loma Cat House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loma Cat House Inc is a small nonprofit that has been operating for 21 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $137K |
| Surplus / Deficit | $-26,605 |
| Total Assets | $46K |
| Net Assets | $46K |
| Operating Margin | -24.0% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2023, Loma Cat House Inc reported a deficit of $27K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2019–2023), Loma Cat House Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +82.7% | -36.9% |
| 2022 | +2.5% | +1.1% | +7212600.0% |
| 2021 | +33.5% | +15.4% | -100.0% |
| 2020 | +30.6% | +11.5% | +91.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4120 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loma Cat House Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Loma Cat House Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all five years of filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with latest revenue of $152,624.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Loma Cat House Inc's IRS 990 filings:
- Expenses ($137,335) exceeded revenue ($110,730) in the 2023 filing period, leading to a decrease in assets.
Strengths
The following positive indicators were identified for Loma Cat House Inc:
- Consistent revenue growth from $59,839 in 2019 to $110,730 in 2023.
- 0% officer compensation reported across all five years of filings, indicating high efficiency and dedication to mission.
- Five years of consistent IRS 990 filings demonstrate strong transparency.
- Low or zero liabilities in most recent filings (e.g., $0 in 2023 and 2021).
- Healthy asset base of $74,984 relative to its latest revenue of $152,624.
Frequently Asked Questions about Loma Cat House Inc
Is Loma Cat House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Loma Cat House Inc (EIN: 202123873) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Loma Cat House Inc spend its money?
Loma Cat House Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Loma Cat House Inc tax-deductible?
Loma Cat House Inc is registered as a tax-exempt nonprofit (EIN: 202123873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Loma Cat House Inc a good charity?
Based on the available IRS 990 data, Loma Cat House Inc appears to be a good charity. It demonstrates strong program focus with 0% officer compensation, consistent revenue growth, and a history of transparent filings. While 2023 expenses exceeded revenue, this is not uncommon and should be monitored.
How has Loma Cat House Inc's financial health changed over time?
Loma Cat House Inc has shown consistent revenue growth from $59,839 in 2019 to $110,730 in 2023. Assets have fluctuated, peaking at $72,127 in 2022 before decreasing to $45,522 in 2023, possibly due to increased spending or investments. Liabilities have generally remained low or at zero.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation for all five years of filings, indicating a strong commitment to directing all funds towards its mission rather than executive salaries.
Filing History
IRS 990 filing history for Loma Cat House Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Loma Cat House Inc's revenue has grown by 85%, moving from $60K to $111K. Total assets increased by 671% over the same period, from $6K to $46K. Total functional expenses rose by 137.9%, from $58K to $137K. In its most recent filing year (2023), Loma Cat House Inc reported a deficit of $27K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $137K | $46K | $0 | — | View 990 |
| 2022 | $107K | $75K | $72K | $4K | — | View 990 |
| 2021 | $104K | $74K | $1 | $0 | — | — |
| 2020 | $78K | $64K | $11K | $3K | — | — |
| 2019 | $60K | $58K | $6K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $137K, and assets of $46K (revenue +3.5% year-over-year).
- 2022: Revenue of $107K, expenses of $75K, and assets of $72K (revenue +2.5% year-over-year).
- 2021: Revenue of $104K, expenses of $74K, and assets of $1 (revenue +33.5% year-over-year).
- 2020: Revenue of $78K, expenses of $64K, and assets of $11K (revenue +30.6% year-over-year).
- 2019: Revenue of $60K, expenses of $58K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loma Cat House Inc:
Data Sources and Methodology
This transparency report for Loma Cat House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.