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

Vetpartners FY2022 filing

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Develops innovative solutions to advance ethical veterinary practice. For fiscal year 2022 it reported $211K in revenue, $285K in expenses, and $363K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Albany, NY
Website
www.vetpartners.org
Filings
5 on file (2020–2022)
Revenue
$211KFY2022
Expenses
$285K
Net assets
$363K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2159643 Business league / trade association Albany, NY
Form 990 (PDF)
You’re viewing the FY2022 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 · Past President
Money in and out
$211K revenue, $285K expenses
Bottom line
-35% operating surplus
Membership & operating revenue · FY2022
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$285K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$75K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Operating surplus
-35%
revenue over expenses
Earned revenue
49%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$211K
FY2022-0.4%
Expenses
$285K
FY2022▲ +37%
Total assets
$428K
FY2022▼ -17%
Total liabilities
$66K
FY2022▼ -19%
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$285K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$75K
Total assetsPt X · Ln 16$428K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 410

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 1a9
Independent voting membersPt VI · Ln 1b10
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
Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 $163K of program spending, described in the organization's own filed words · FY2022.
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…

$163Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$105K · 50%
Program service revenue$103K · 49%
Investment income$3K · 1%
Contributions & grants50%$105K
Program service revenue49%$103K
Investment income1%$3K
Total revenueLn 12$211K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$163K
Management & general43%$122K
Total functional expensesLn 25$285K

Balance Sheet

Part X · end of year
CashLn 1$393K
Total assetsLn 16$428K
Total liabilitiesLn 26$66K
Total net assetsLn 32$363K
Months of cash on handcomputed16.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $393K · Operating expenses/yr $285K
16.5 months
Where the money goes
Program services
Program services $163K · Total expenses $285K
57%
Management & General
Management & general $122K · Total expenses $285K
43%
Fundraising
Fundraising $0 · Total expenses $285K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $118K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $105K · Total revenue $211K
50%
Government reliance
Government grants — · Total revenue $211K
Earned-income share
Program service revenue $103K · Total revenue $211K
49%
Investment reliance
Investment income $3K · Total revenue $211K
+1%
Program self-sufficiency
Program service revenue $103K · Total expenses $285K
36%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $212K
-0.4%
Net-asset trend (YoY)
End of year $363K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $285K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $428K
Net-asset ratio
Net assets $363K · Total assets $428K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $428K
0%
People & payroll
Highest Reported Total Compensation
Individual Gina Fortunato · Reported title PAST PRESIDENT · Highest reported compensation $0 · Total expenses $285K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $285K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Fundraising cost ratio 0%
Revenue growth -0.4%
Investment management fee ratio 0%
Legal fee ratio 0.03%
Accounting fee ratio 0%
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 · viewing · ⤓ 990 PDF
FY2021$212K revenue · ⤓ 990 PDF
FY2020$332K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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