Vetbiz Central
Vetbiz Central operates with minimal reserves and recently incurred a significant deficit, despite no officer compensation.
EIN: 204631588 · Flint, MI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $318K |
| Program Spending | 80% |
| Net Assets | $-1,397 |
| Transparency Score | 70/100 |
Is Vetbiz Central Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vetbiz Central directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vetbiz Central
Vetbiz Central (EIN: 204631588) is a nonprofit organization based in Flint, MI. The organization reported total revenue of $295K and total assets of $279 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vetbiz Central's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vetbiz Central is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $318K |
| Surplus / Deficit | $-66,030 |
| Total Assets | $4K |
| Total Liabilities | $6K |
| Net Assets | $-1,397 |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 131.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Vetbiz Central reported a deficit of $66K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 131.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vetbiz Central's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.6% | +33.7% | -96.3% |
| 2022 | -39.2% | +4.3% | -23.3% |
| 2021 | +20.9% | -15.4% | +78.2% |
| 2020 | +4.3% | +6.0% | -20.3% |
| 2019 | +3.6% | +2.9% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Vetbiz Central with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Vetbiz Central allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 131.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly favorable for direct program spending.
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 Vetbiz Central's IRS 990 filings:
- Significant deficit in the latest filing (202309: Expenses $317,665 vs. Revenue $251,635)
- Extremely low current assets ($279), indicating minimal financial reserves
- Fluctuating and sometimes negative liabilities, which could indicate accounting complexities or issues
- Expenses exceeding revenue in multiple periods (e.g., 202309, 202209, 202009, 201809)
Strengths
The following positive indicators were identified for Vetbiz Central:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission
- Long operational history (13 filings provided), suggesting resilience and established presence
- Generally stable revenue streams over the past decade, demonstrating consistent donor or grant support
Frequently Asked Questions about Vetbiz Central
Is Vetbiz Central a legitimate charity?
Based on AI analysis of IRS 990 filings, Vetbiz Central (EIN: 204631588) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Vetbiz Central spend its money?
Vetbiz Central directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vetbiz Central tax-deductible?
Vetbiz Central is registered as a tax-exempt nonprofit (EIN: 204631588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vetbiz Central's spending goes to programs?
Vetbiz Central directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Vetbiz Central located?
Vetbiz Central is headquartered in Flint, Michigan and files with the IRS under EIN 204631588.
How many years of IRS 990 filings does Vetbiz Central have?
Vetbiz Central has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $295K in total revenue.
Is Vetbiz Central financially stable given its low assets and recent deficit?
Vetbiz Central's financial stability is a concern due to its very low current assets ($279) and the significant deficit reported in the 202309 period (expenses of $317,665 against revenues of $251,635). While it has operated for many years, these recent figures suggest a precarious financial position.
How does Vetbiz Central fund its operations without paying officer compensation?
The organization appears to fund its operations through grants, donations, and other revenue streams, with all funds seemingly directed towards program delivery and operational costs, as no officer compensation has been reported in any of the available filings.
What caused the significant increase in expenses in the 202309 period?
The provided data does not detail the specific causes for the increase in expenses to $317,665 in 202309. A deeper dive into the full IRS 990 form would be necessary to understand the allocation of these increased costs.
What is the long-term strategy for building reserves?
With current assets at $279 and a history of operating with tight margins, the organization's strategy for building financial reserves is not evident from the provided data. This lack of reserves could pose a risk during unforeseen financial challenges.
Filing History
IRS 990 filing history for Vetbiz Central showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vetbiz Central's revenue has grown by 44.4%, moving from $174K to $252K. Total assets decreased by 55.6% over the same period, from $10K to $4K. Total functional expenses rose by 83%, from $174K to $318K. In its most recent filing year (2023), Vetbiz Central reported a deficit of $66K, with expenses exceeding revenue. The organization holds $6K in liabilities against $4K in assets (debt-to-asset ratio: 131.2%), resulting in net assets of $-1,397.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $318K | $4K | $6K | — | — |
| 2022 | $196K | $238K | $120K | $-27,163 | — | — |
| 2021 | $322K | $228K | $157K | $-32,475 | — | View 990 |
| 2020 | $266K | $269K | $88K | $-7,045 | — | View 990 |
| 2019 | $255K | $254K | $110K | $12K | — | View 990 |
| 2018 | $246K | $247K | $107K | $10K | — | View 990 |
| 2017 | $244K | $236K | $109K | $11K | — | View 990 |
| 2016 | $235K | $218K | $102K | $12K | — | View 990 |
| 2015 | $225K | $203K | $82K | $9K | — | View 990 |
| 2014 | $245K | $190K | $61K | $9K | — | View 990 |
| 2013 | $175K | $176K | $17K | $22K | — | View 990 |
| 2012 | $186K | $190K | $11K | $14K | — | View 990 |
| 2011 | $174K | $174K | $10K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $318K, and assets of $4K (revenue +28.6% year-over-year).
- 2022: Revenue of $196K, expenses of $238K, and assets of $120K (revenue -39.2% year-over-year).
- 2021: Revenue of $322K, expenses of $228K, and assets of $157K (revenue +20.9% year-over-year).
- 2020: Revenue of $266K, expenses of $269K, and assets of $88K (revenue +4.3% year-over-year).
- 2019: Revenue of $255K, expenses of $254K, and assets of $110K (revenue +3.6% year-over-year).
- 2018: Revenue of $246K, expenses of $247K, and assets of $107K (revenue +1.1% year-over-year).
- 2017: Revenue of $244K, expenses of $236K, and assets of $109K (revenue +3.8% year-over-year).
- 2016: Revenue of $235K, expenses of $218K, and assets of $102K (revenue +4.3% year-over-year).
- 2015: Revenue of $225K, expenses of $203K, and assets of $82K (revenue -8.4% year-over-year).
- 2014: Revenue of $245K, expenses of $190K, and assets of $61K (revenue +40.3% year-over-year).
- 2013: Revenue of $175K, expenses of $176K, and assets of $17K (revenue -6.0% year-over-year).
- 2012: Revenue of $186K, expenses of $190K, and assets of $11K (revenue +6.8% year-over-year).
- 2011: Revenue of $174K, expenses of $174K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vetbiz Central:
Data Sources and Methodology
This transparency report for Vetbiz Central 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.