RIVMA COMPANION ANIMAL FOUNDATION

EIN: 201541257 501(c)(3)

PROVIDENCE, RI

Total Revenue
$185,068
Total Expenses
$168,797
Total Assets
$803,196
Net Assets
$803,196
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
RI
Principal Officer
CLAIRE MESSINA
Phone
4017510944
Tax Period
2023-01-01 to 2023-12-31

RIVMA COMPANION ANIMAL FOUNDATION, founded in 2004, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $169K left a modest 9% surplus.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO LOW-INCOME PET OWNERS WHO CANNOT AFFORD NECESSARY VETERINARIAN CARE FOR THEIR PETS. THE ORGANIZATION'S PRIMARY MISSION IS AFFORDABLE HEALTHCARE FOR ALL PETS.

Program Service Accomplishments

Program 1
Expenses: $98,484

THE RHODE ISLAND VETERINARY MEDICAL ASSOCIATION COMPANION ANIMAL FOUNDATION IS A NON-PROFIT ORGANIZATION THAT WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO LOW-INCOME PET OWNERS SO THAT THEY CAN...

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THE RHODE ISLAND VETERINARY MEDICAL ASSOCIATION COMPANION ANIMAL FOUNDATION IS A NON-PROFIT ORGANIZATION THAT WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO LOW-INCOME PET OWNERS SO THAT THEY CAN AFFORD ESSENTIAL VETERINARY CARE FOR THEIR SICK OR INJURED PETS. THE ORGANIZATION'S GOAL IS AFFORDABLE HEALTHCARE FOR ALL PETS. THIS IS THE FIRST VETERINARY BASED ASSISTANCE PROGRAM OF ITS KIND IN THE UNITED STATES AND IS CURRRENTLY THE LARGEST RESOURCE FOR MEETING THE OVERWHELMING NEED FOR URGENT CARE FOR THE PETS IN RHODE ISLAND. THE ORGANIZATON IS GOVERNED BY A VETERINARY AND COMMUNITY BASED BOARD OF DIRECTORS AND HAS RECEIVED EXCELLENT SUPPORT FROM VETERINARIANS AND THE GENERAL PUBLIC. PET OWNERS MUST BE INCOME ELIGIBLE FOR ASSISTANCE TO BE GIVEN BY THE ORGANIZATION.LOW-INCOME GUIDELINES WERE MODELED ON THE HUD COMMUNITY MEDIAN INCOME STANDARDS, AS WELL AS OWNER PARTICIPATION IN SUCH PROGRAMS AS FOOD STAMPS, HEATING ASSISTANCE, AND OTHER SIMILAR RESOURCES. THE ORGANIZATON ESTABLISHED THIS SET OF ELIGIBILITY CRITERIA SO THAT VETERINARIANS CAN EASILY DETERMINE WHETHER A CLIENT IS ABLE TO PARTICIPATE IN THE PROGRAM AT THE TIME THE PATIENT IS EXAMINED.THE ABSENCE OF ANY SORT OF WAITING PERIOD FOR FUNDING MAKES EMERGENCY CARE POSSIBLE, AND THERE IS NO CUMBERSOME DOCUMENTATION REQUIRED OF THE PARTICIPANTS. THE ORGANIZATION AUDITS 10% OF FUND RECIPIENTS EACH YEAR TO VERIFY ACCURATE REPORTING. BECAUSE THESE GRANTS ARE SO ACCESSIBLE, VETERINARIANS HAVE THE FLEXIBILITY TO OFFER IMMEDIATE TREATMENT PLANS TO ELIGIBLE CLIENTS, AT THE TIME THE NEED IS MORE URGENT.THE ORGANIZATION RAISES FUNDS THROUGH GRANTS, EVENTS, INDIVIDUAL CONTRIBUTIONS AND A VETERINARY PATIENT MEMORIAL PROGRAM. FUNDS ARE THEN PRIMARILY USED FOR AN ANNUAL DISBURSEMENT THAT THE STATE'S VETERINARIANS USE TO TREAT THEIR ELIGIBLE CLIENTS PETS. THE VERY MODEST REMAINDER SUPPORTS THE ORGANIZATION'S ADMINISTRATIVE NEEDS, WITH THE ORGANIZATION'S DAY TO DAY BUSINESS BEING THE RESPONSIBILITY OF VOLUNTEERS. THE ORGANIZATION HAS ALSO SET UP AND ENDOWMENT ACCOUNT THAT WILL HELP THE ORGANIZATION SERVE THE NEEDY PET OWNERS INTO THE FORSEEABLE FUTURE.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $126,120
Program Service Revenue $0
Investment Income $20,266
Other Revenue $38,682
TOTAL REVENUE $185,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $18,000
Program Expenses $98,484
Other Expenses $150,797
TOTAL EXPENSES $168,797

Year-over-Year Comparison

2023 2022 Change
Revenue $185,068 $201,610 -0.1%
Expenses $168,797 $158,240 +0.1%
Net Income $16,271 $43,370 -0.6%
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
11
Independent Members
11
Employees
N/A
Volunteers
7

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTY SULLIVAN Treasurer 5.00
Officer Director
$0 $0 $0
CLAIRE MESSINA President 5.00
Officer Director
$0 $0 $0
M CHRISTIE SMITH Past President 2.00
Director
$0 $0 $0
JOHN KENNEDY Director 2.00
Director
$0 $0 $0
ANNE SCHARTZ DVM DACVS Director 2.00
Director
$0 $0 $0
CHERYL CLARKIN Director 2.00
Director
$0 $0 $0
DR HONORATA LENK DVM Secretary 5.00
Officer Director
$0 $0 $0
JESSICA DINAPOLI Director 2.00
Director
$0 $0 $0
LEONARD LOPES Director 2.00
Director
$0 $0 $0
SHELLY PANCOAST DVM Director 2.00
Director
$0 $0 $0
CLARISSA WILLIAMS DVM Director 2.00
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 No data No data No data No data
2023 $185,068 $168,797 $803,196 $16,271
2022 $201,610 $158,240 $740,886 $43,370
2021 $259,045 $139,896 $786,943 $119,149
2020 $214,962 $175,488 $671,778 $39,474
2019 $197,249 $132,765 $634,791 $64,484
2018 $133,959 $257,235 $539,804 $-123,276
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