Emily Vernon Foundation For Homeless And Abused Animals Inc

Emily Vernon Foundation faces persistent operating deficits despite substantial assets.

EIN: 203785692 · Coral Springs, FL · NTEE: T22 · Updated: 2026-03-28

$13.1MRevenue

$14.1MAssets

55/100Mission Score (Fair)

T22

About Emily Vernon Foundation For Homeless And Abused Animals Inc

Emily Vernon Foundation For Homeless And Abused Animals Inc (EIN: 203785692) is a nonprofit organization based in Coral Springs, FL, classified under NTEE code T22. The organization reported total revenue of $13.1M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emily Vernon Foundation For Homeless And Abused Animals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Emily Vernon Foundation For Homeless And Abused Animals Inc. exhibits a concerning financial trend with consistent operating deficits in recent years. For example, in 2023, the organization reported revenue of $67,458 against expenses of $593,911, indicating a significant shortfall. This pattern of expenses far exceeding revenue is evident across multiple recent filings, including a negative revenue figure of $-230,108 in 2022. While the organization holds substantial assets of $14,092,238, a large portion is offset by liabilities, such as $6,976,793 in 2023, suggesting a reliance on debt or restricted funds rather than robust operational income.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent and substantial operating losses raise questions about the sustainability of its current financial model. The absence of reported officer compensation across all filings indicates a commitment to minimizing executive overhead, which is a positive sign for transparency and resource allocation. However, the overall financial health appears precarious due to the persistent revenue-expense imbalance.

Transparency regarding executive compensation is excellent, with 0% reported. However, the lack of detailed expense categorization in the provided data limits a comprehensive assessment of spending efficiency. The significant fluctuations and negative revenue figures in recent years warrant closer scrutiny to understand the underlying financial operations and long-term viability of the foundation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Emily Vernon Foundation For Homeless And Abused Animals Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Emily Vernon Foundation For Homeless And Abused Animals Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is a strong positive for resource allocation and transparency relative to the organization's size and mission.

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 Emily Vernon Foundation For Homeless And Abused Animals Inc's IRS 990 filings:

Consistent and significant operating deficits (e.g., 2023 revenue $67,458 vs. expenses $593,911).
Negative revenue reported in 2022 ($-230,108), indicating potential financial instability or unusual accounting.
High liabilities relative to assets, suggesting potential reliance on debt or restricted funds.
Lack of detailed expense breakdown in provided data makes full spending efficiency assessment difficult.

Strengths

The following positive indicators were identified for Emily Vernon Foundation For Homeless And Abused Animals Inc:

Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Substantial asset base ($14,092,238) provides some financial cushion, though offset by liabilities.

Frequently Asked Questions about Emily Vernon Foundation For Homeless And Abused Animals Inc

Is Emily Vernon Foundation For Homeless And Abused Animals Inc. financially sustainable?

The organization's financial sustainability is questionable given the consistent and significant operating deficits. For instance, in 2023, expenses were $593,911 while revenue was only $67,458. This pattern of spending far exceeding income is a major concern.

What is the primary source of the organization's revenue?

The provided data shows highly fluctuating and often low revenue figures, including negative revenue in 2022 ($-230,108). Without more detailed financial statements, it's difficult to pinpoint the primary source of revenue, but it appears inconsistent and insufficient to cover expenses.

How does the organization manage its significant liabilities?

The organization consistently carries substantial liabilities, such as $6,976,793 in 2023, which are a significant portion of its assets. The management of these liabilities, especially in the face of operating deficits, is a critical area for further investigation.

Filing History

IRS 990 filing history for Emily Vernon Foundation For Homeless And Abused Animals Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2010–2023), Emily Vernon Foundation For Homeless And Abused Animals Inc's revenue has declined by 60.7%, moving from $172K to $67K. Total assets decreased by 36.9% over the same period, from $13.3M to $8.4M. Total functional expenses rose by 7.2%, from $554K to $594K. In its most recent filing year (2023), Emily Vernon Foundation For Homeless And Abused Animals Inc reported a deficit of $526K, with expenses exceeding revenue. The organization holds $7.0M in liabilities against $8.4M in assets (debt-to-asset ratio: 83.3%), resulting in net assets of $1.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$67K	$594K	$8.4M	$7.0M	—	—
2022	$-230,108	$784K	$8.4M	$6.4M	—	View 990
2021	$379K	$633K	$9.3M	$6.4M	—	View 990
2020	$211K	$681K	$10.0M	$6.8M	—	View 990
2019	$493K	$566K	$10.3M	$6.7M	—	View 990
2015	$-18,428	$806K	$14.5M	$9.7M	—	View 990
2014	$488K	$793K	$15.8M	$10.2M	—	View 990
2013	$3.7M	$904K	$16.1M	$10.2M	—	View 990
2012	$89K	$758K	$12.3M	$9.2M	—	View 990
2011	$230K	$563K	$12.9M	$9.2M	—	View 990
2010	$172K	$554K	$13.3M	$9.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $67K, expenses of $594K, and assets of $8.4M.
2022: Revenue of $-230,108, expenses of $784K, and assets of $8.4M (revenue -160.7% year-over-year).
2021: Revenue of $379K, expenses of $633K, and assets of $9.3M (revenue +79.7% year-over-year).
2020: Revenue of $211K, expenses of $681K, and assets of $10.0M (revenue -57.2% year-over-year).
2019: Revenue of $493K, expenses of $566K, and assets of $10.3M.
2015: Revenue of $-18,428, expenses of $806K, and assets of $14.5M (revenue -103.8% year-over-year).
2014: Revenue of $488K, expenses of $793K, and assets of $15.8M (revenue -86.7% year-over-year).
2013: Revenue of $3.7M, expenses of $904K, and assets of $16.1M (revenue +4023.2% year-over-year).
2012: Revenue of $89K, expenses of $758K, and assets of $12.3M (revenue -61.3% year-over-year).
2011: Revenue of $230K, expenses of $563K, and assets of $12.9M (revenue +33.8% year-over-year).
2010: Revenue of $172K, expenses of $554K, and assets of $13.3M.

Data Sources and Methodology

This transparency report for Emily Vernon Foundation For Homeless And Abused Animals 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.