Veterinary Medical Association Executives Inc

Is Veterinary Medical Association Executives Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Veterinary Medical Association Executives Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Veterinary Medical Association Executives Inc

Veterinary Medical Association Executives Inc (EIN: 10802514) is a nonprofit organization based in Camas, WA, classified under NTEE code S41. The organization reported total revenue of $409K and total assets of $856K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterinary Medical Association Executives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterinary Medical Association Executives Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Veterinary Medical Association Executives Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly commendable for a nonprofit of its size.

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 Veterinary Medical Association Executives Inc's IRS 990 filings:

• Increase in liabilities to $290,330 in 2023, which warrants monitoring.

Strengths

The following positive indicators were identified for Veterinary Medical Association Executives Inc:

• 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.

Frequently Asked Questions about Veterinary Medical Association Executives Inc

Filing History

IRS 990 filing history for Veterinary Medical Association Executives Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Veterinary Medical Association Executives Inc's revenue has grown by 144.2%, moving from $159K to $388K. Total assets increased by 423.1% over the same period, from $168K to $881K. Total functional expenses rose by 244.5%, from $104K to $357K. In its most recent filing year (2023), Veterinary Medical Association Executives Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $290K in liabilities against $881K in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $591K.

Year-by-Year Financial Summary

• 2023: Revenue of $388K, expenses of $357K, and assets of $881K (revenue -19.5% year-over-year).
• 2022: Revenue of $482K, expenses of $458K, and assets of $701K (revenue +29.6% year-over-year).
• 2021: Revenue of $372K, expenses of $293K, and assets of $724K (revenue +4.7% year-over-year).
• 2020: Revenue of $355K, expenses of $227K, and assets of $462K (revenue +11.3% year-over-year).
• 2019: Revenue of $319K, expenses of $256K, and assets of $321K (revenue +15.0% year-over-year).
• 2018: Revenue of $277K, expenses of $319K, and assets of $256K (revenue +18.2% year-over-year).
• 2017: Revenue of $235K, expenses of $206K, and assets of $297K (revenue +24.0% year-over-year).
• 2016: Revenue of $189K, expenses of $198K, and assets of $270K (revenue +12.8% year-over-year).
• 2015: Revenue of $168K, expenses of $159K, and assets of $277K (revenue +12.2% year-over-year).
• 2014: Revenue of $149K, expenses of $140K, and assets of $269K (revenue -16.4% year-over-year).
• 2013: Revenue of $179K, expenses of $123K, and assets of $259K (revenue +10.0% year-over-year).
• 2012: Revenue of $163K, expenses of $127K, and assets of $204K (revenue +2.3% year-over-year).
• 2011: Revenue of $159K, expenses of $104K, and assets of $168K.

Data Sources and Methodology

This transparency report for Veterinary Medical Association Executives 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.