Is Veterinary Medical Association Executives Inc Legit?
Quick charity verification for Veterinary Medical Association Executives Inc (EIN: 10802514)
Verdict: Veterinary Medical Association Executives Inc appears trustworthy
90/100Mission Score
$409KRevenue
$856KAssets
1Red Flags
5Strengths
Red Flags
Increase in liabilities to $290,330 in 2023, which warrants monitoring.
Strengths
Consistent revenue growth, from $318,924 in 2019 to $387,921 in 2023.
Significant asset accumulation, increasing from $321,205 in 2019 to $881,182 in 2023.
0% officer compensation reported across all filings, indicating strong financial stewardship.
History of operating surpluses in most recent years, demonstrating financial health.
Long and consistent IRS 990 filing history (13 filings), indicating transparency and compliance.
Spending Breakdown
How Veterinary Medical Association Executives Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Veterinary Medical Association Executives Inc
Is Veterinary Medical Association Executives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterinary Medical Association Executives Inc (EIN: 10802514) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Veterinary Medical Association Executives Inc a good charity to donate to?
Veterinary Medical Association Executives Inc has a Mission Score of 90/100. Revenue: $409K. Assets: $856K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Veterinary Medical Association Executives Inc?
The Employer Identification Number (EIN) for Veterinary Medical Association Executives Inc is 10802514. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Veterinary Medical Association Executives Inc spend its money?
Veterinary Medical Association Executives Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Veterinary Medical Association Executives Inc's tax-exempt status?
You can verify Veterinary Medical Association Executives Inc's tax-exempt status using EIN 10802514 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Veterinary Medical Association Executives Inc demonstrates consistent financial growth and a strong program focus. In the latest filing (202312), the organization reported $387,921 in revenue against $356,887 in expenses, indicating a healthy surplus. Over the past five years, revenue has grown from $318,924 in 2019 to $387,921 in 2023, while assets have significantly increased from $321,205 to $881,182 in the same period, suggesting effective financial management and accumulation of reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing resources towards its mission rather than executive pay. The liabilities have fluctuated, reaching a high of $290,330 in 2023, which warrants monitoring but does not appear to be disproportionate to assets.
The organization's spending efficiency appears robust, with a significant portion of expenses dedicated to program services. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The consistent growth in assets and revenue, coupled with a history of operating surpluses, points to a financially stable and well-managed entity. The organization's consistent filing history over 13 periods further reinforces its commitment to transparency and regulatory compliance.