FERRET ASSOCIATION OF CONNECTICUT INC

EIN: 061386567 501(c)(3) Animal-Related

Hartford, CT

Total Revenue
$76,748
Total Expenses
$56,058
Total Assets
$716,695
Net Assets
$716,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CT
Principal Officer
L Vanessa Gruden
Phone
8602471275
Tax Period
2024-01-01 to 2024-12-31

FERRET ASSOCIATION OF CONNECTICUT INC, founded in 1991, is a micro nonprofit in the Animal-Related sector that reported $77K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $21K, a strong 27% operating margin.

Mission

The Ferret Association of Connecticut focuses on the welfare of domestic ferrets. To improve their lives, we provide factual information to caretakers, advocate for their protection and safe treatment, operate a species-specific shelter for ferrets lost or abandoned, work to identify, contact, and accept ferrets released from medical research facilities, and provide technical support for other organizations sheltering domestic ferrets.

Program Service Accomplishments

Program 1
Expenses: $22,983 Revenue: $5,625

Shelter services: Dedicated shelter for lost or abandoned domestic ferrets; permanent Foster care of ill/elderly animals. In 2024, 66 animals were accepted into the shelter. 24 were surrendered...

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Shelter services: Dedicated shelter for lost or abandoned domestic ferrets; permanent Foster care of ill/elderly animals. In 2024, 66 animals were accepted into the shelter. 24 were surrendered directly from southern New England owners unable/unwilling to provide care. 7 had been abandoned outdoors; 2 were transferred in from Animal Control. 37 were released from medical research facilities. 50 were adopted into carefully-screened new homes and 6 were placed into permanent Foster care. An average of 18.25 animals were cared for in 2024 under this unique program, which places animals unlikely to be adopted due to age or illness into a screened volunteer home, where they live for the rest of their lives and are financially supported by the organization. As of December 31, 2024, the Ferret Association has cared for 2,329 ferrets over the course of our 34-year history.

Program 2
Expenses: $11,621 Revenue: $685

Public education: Website, print newsletter, info request responses. An average of 50 individuals per month request health, care or behavior information and are answered free of charge. Inquiries are...

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Public education: Website, print newsletter, info request responses. An average of 50 individuals per month request health, care or behavior information and are answered free of charge. Inquiries are generated via our website, Facebook, and phone. Our Facebook page has over 3,500 followers across 10 countries. 5 issues per year of an informational newsletter, Paw Printz, is printed & published.

Program 3
Expenses: $7,835 Revenue: $0

Laboratory Ferret Rescue: In 2024, 37 ferrets were accepted and rehomed from a medical research institution. 2 were transferred to a trusted shelter partner for rehoming. Our plan is to build upon...

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Laboratory Ferret Rescue: In 2024, 37 ferrets were accepted and rehomed from a medical research institution. 2 were transferred to a trusted shelter partner for rehoming. Our plan is to build upon our base of laboratory contacts (currently 4) to connect with more research facilities where ferrets can be either released to us or to a local, contracted shelter.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $53,397
Program Service Revenue $6,310
Investment Income $16,606
Other Revenue $435
TOTAL REVENUE $76,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,607
Fundraising Expenses $6,607
Program Expenses $45,193
Other Expenses $32,451
TOTAL EXPENSES $56,058

Year-over-Year Comparison

2024 2023 Change
Revenue $76,748 $82,357 -0.1%
Expenses $56,058 $66,431 -0.2%
Net Income $20,690 $15,926 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
1
$21,578
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L Vanessa Gruden Executive Director 26.4
Key Emp
$21,578 $0 $21,578
Ann Baker Salafia Board Member 1
Director
$0 $0 $0
Della Farney DVM Board Member 1
Director
$0 $0 $0
Kevin Cormack Board Member 1
Director
$0 $0 $0
Meaghan Messler Board Member 1
Director
$0 $0 $0
Matthew Guiliano Board Member 1
Director
$0 $0 $0
Timothy Davis III Treasurer 0.25
Officer
$0 $0 $0
Glen Farney Board President 1
Officer
$0 $0 $0
Roxanne Bernier Secretary 1
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $76,748 $56,058 $716,695 $20,690
2023 $82,357 $66,431 $660,184 $15,926
2022 $593,830 $93,900 $599,114 $499,930
2021 $92,251 $62,101 $173,542 $30,150
2020 $89,197 $56,668 $136,472 $32,529
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