Friends of NCVMA Foundation Inc

EIN: 113779599 501(c)(3) Animal-Related

Raleigh, NC

Total Revenue
$232,527
Total Expenses
$100,996
Total Assets
$468,925
Net Assets
$468,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
Jennifer Kendrick
Phone
9198515850
Tax Period
2024-01-01 to 2024-12-31

Friends of NCVMA Foundation Inc, founded in 2006, is a small nonprofit in the Animal-Related sector that reported $233K in total revenue in fiscal year 2024. Revenue surged 540% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 57% operating margin.

Mission

Friends of NCVMA is a 501(c)3 fully tax-deductible charity whose purpose is to educate the public and students at all levels as to the science and art of veterinary medicine.

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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 $216,131
Program Service Revenue $3,900
Investment Income $12,496
Other Revenue $0
TOTAL REVENUE $232,527

Expense Breakdown

Grants Paid $88,208
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $96,538
Other Expenses $12,788
TOTAL EXPENSES $100,996

Year-over-Year Comparison

2024 2023 Change
Revenue $232,527 $36,319 +5.4%
Expenses $100,996 $14,338 +6.0%
Net Income $131,531 $21,981 +5.0%
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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
100

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
$94,470
Total Directors
7
$94,470
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shannon Bass DVM President 5.00
Officer Director
$0 $0 $0
Karyn Smith DVM Vice President 1.00
Officer Director
$0 $0 $0
Jennifer Kendrick Secretary/Treasurer 5.00
Officer Director
$0 $1,970 $94,470
Jennifer Shults DVM Director 1.00
Director
$0 $0 $0
Dante Martin DVM Director 1.00
Director
$0 $0 $0
Brian Stuber DVM Director 1.00
Director
$0 $0 $0
Marguerite Gleason DVM Director 1.00
Director
$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
2024 $232,527 $100,996 $468,925 $131,531
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