FERRET ASSOCIATION OF CONNECTICUT INC (EIN 061386567) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

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 is focused on the welfare of domestic ferrets. To improve their lives, we provide information to caretakers, advocate for their protection and safe treatment, and support shelter efforts for ferrets lost or abandoned.

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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%)

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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

$21,578

Highest Compensated

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

FERRET ASSOCIATION OF CONNECTICUT INC