Banfield Foundation

Nonprofit profile at a glance

EIN
474183567
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Vancouver, WA, USA
Phone
3607847866
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Reported finances

Revenue
$3,829,027
Expenses
$3,980,316
Assets
$7,159,853
Liabilities
$197,838

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JAM STEWART (BOARD PRESIDENT & CHAIR)
  • KIM VAN SYOC (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KIM VAN SYOC (EXECUTIVE DIRECTOR): $251,703 total reported compensation
  • PAULA LITTLE (DIRECTOR OF DEVELOPMENT): $174,940 total reported compensation
  • ALISON BENNINGER (DIRECTOR OF FINANCE): $164,487 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Banfield foundation is committed to improving the well-being of pets & communities by elevating the power of the pet-human bond; strengthening the pet welfare community; providing disaster relief for pets and advancing the science of veterinary medicine.

What it reported doing in 2024

The foundation's primary areas of program focus during the year ended december 31, 2024 were as follows: disaster relief grants: providing financial support to nonprofit animal organizations and/or local or state governments of which their communities have suffered the impact of natural or other disasters.care knows no boundaries grants: enabling mars veterinarians and certified veterinary technicians to remove the barriers that keep pets from receiving much needed care by assisting with travel expenses to enable global volunteer work. Continued on schedule o. Preventive care: together we partner with nonprofit organizations to provide free or low-cost comprehensive preventive care for the pets belonging to underserved and under-resourced pet owners including low-income, elderly, homeless or otherwise disadvantaged.community care grants: providing financial support to nonprofit organizations to fund veterinary care programs for pet owners who meet established financial qualifications.wellness plans: providing annual preventive care plans for qualifying pet owners in financial need.hope funds: providing financial assistance for income-qualified pet owners whose pet is suffering from an immediately life-threatening condition.veterinary medical equipment grants: providing financial support to nonprofit organizations to purchase veterinary medical equipment for on-site animal shelter veterinary clinics, low-cost veterinary practices, mobile veterinary units, and disaster relief vehicles.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 72
  • Accountability: 91
  • Sustainability: 38
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96%; rating input score 96
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $26.95 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 94.5%; rating input score 95; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 1.8; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 17.9%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -8.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 96% of revenue deployed · 92.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.7M in reported program spending
  • Leadership: top reported pay $252K · 13 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 108 filed money-flow records
  • Related organizations: 87 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 22/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.