The Independent & Neighborhood Pet Retail Association

What it reported doing in 2025

Indiepet had two major program accomplishments in 2021. The first program was the indiepet membership drive. Through the establishment of a website and social network, presence at the industry trade show, and partnership building with industry stakeholders, indiepet signed roughly 60 associate (manufacturing and distributing companies) members and 40 retailer members to generate membership dues revenues. Indiepet successfully hired staff and filed necessary regulatory records. During the 2021 year, indiepet held 2 board meetings to specifically establish a strategic plan that builds programs in specific operational areas where retail members require support. Indiepet has also successfully built member committees who will be responsible for building and implementing specific programs and services. Indiepet's second major purpose accomplishment was furthering the education of individuals in the independent pet retail industry. Indiepet held an educational meeting at the super zoo trade show in las vegas in august of 2021. The conference consisted of presentations from indiepet officers on the overall industry size and trends. The pet sustainability coalition presented sustainable best practices. And spins members presented category insights in the pet space. Indiepet gathered over 300 people to attend the meeting resulting in added membership to the association. This educational and networking event provided the groundwork for future education programs provided by the association. 2022 was dedicated to developing value for retail members and saw a number of benefits and resources made available including the establishment of regular indiechats - a place for retail members to come together to share and learn about topics of interest; special offers from associate members including discounted services, webinars, and tradeshow specials; product and consumer insights reports; and more. The board was expanded and new members selected who represent nine retail businesses of varying sizes.

Financial Efficiency

• Mission deployment rate: 79.4%; rating input score 79
• Program expense ratio: 79.1%; rating input score 79
• Fundraising efficiency: $8.7 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 1 of 7 controls in place; rating input score 14
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.7%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 1.67; rating input score 59; 59th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: 31.2% per year; rating input score 100; 89th percentile among comparable filings
• Revenue growth: -13.4% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: 1.8% per year; rating input score 100; 22nd percentile among comparable filings