Vetpartners EIN 91-2159643 Form 990 (PDF) Claim this org

Vetpartners FY2020 filing

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Develops innovative solutions to advance ethical veterinary practice. For fiscal year 2020 it reported $332K in revenue, $312K in expenses, and $434K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Albany, NY
Website
www.vetpartners.org
Filings
5 on file (2020–2020)
Revenue
$332KFY2020
Expenses
$312K
Net assets
$434K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2159643 Business league / trade association Albany, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops innovative solutions to advance ethical veterinary practice.
Leadership
Gina Fortunato · President
Money in and out
$332K revenue, $312K expenses
Bottom line
+6% operating surplus
Membership & operating revenue · FY2020
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$434K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.41
Operating surplus
+6%
revenue over expenses
Earned revenue
60%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$332K
FY2020
Expenses
$312K
FY2020
Total assets
$500K
FY2020
Total liabilities
$66K
FY2020
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$434K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$500K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVetpartners
EINHdr · item D91-2159643
Principal addressHdr · item CAlbany, NY
WebsiteHdr · item Jwww.vetpartners.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vetpartners executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $181K of program spending, described in the organization's own filed words · FY2020.
01

Increase knowledge of veterinary business management; educational programs to elevate the profession's understanding of veterinary practice valuations; improve cooperation with veterinary, legal, accounting, appraisal and other allied professional organizations to enhance the public benefit; increase communication with veterinarians…

$181Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$199K · 60%
Contributions & grants$133K · 40%
Program service revenue60%$199K
Contributions & grants40%$133K
Investment income$27
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$185K
Management & general41%$127K
Total functional expensesLn 25$312K

Balance Sheet

Part X · end of year
CashLn 1$443K
Total assetsLn 16$500K
Total liabilitiesLn 26$66K
Total net assetsLn 32$434K
Months of cash on handcomputed17.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $443K · Operating expenses/yr $312K
17.0 months
Where the money goes
Program services
Program services $185K · Total expenses $312K
59%
Management & General
Management & general $127K · Total expenses $312K
41%
Fundraising
Fundraising $0 · Total expenses $312K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $133K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $133K · Total revenue $332K
40%
Government reliance
Government grants — · Total revenue $332K
Earned-income share
Program service revenue $199K · Total revenue $332K
60%
Investment reliance
Investment income $27 · Total revenue $332K
<0.01%
Program self-sufficiency
Program service revenue $199K · Total expenses $312K
64%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $434K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $312K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $500K
Net-asset ratio
Net assets $434K · Total assets $500K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $500K
0%
People & payroll
Highest Reported Total Compensation
Individual Gina Fortunato · Reported title President · Highest reported compensation $0 · Total expenses $312K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $312K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 41%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$289K revenue · ⤓ 990 PDF
FY2023$247K revenue · ⤓ 990 PDF
FY2022$211K revenue · ⤓ 990 PDF
FY2021$212K revenue · ⤓ 990 PDF
FY2020$332K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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