Maine Veterinary Medical Association Inc (EIN 010482076) - 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

1995

Legal Domicile

Principal Officer

Katherine Soverel

Phone

8004482772

Tax Period

2023-01-01 to 2023-12-31

Maine Veterinary Medical Association Inc, founded in 1995, is a small nonprofit that reported $165K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $504K represent 37 months of operating reserves.

Mission

Support Maine Veterinarians as they work to improve the well-being of animals, to encourage the human-animal bond, and to protect public health for the benefit of the veterinary profession and the citizens of Maine.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,950

Program Service Revenue $50,830

Investment Income $13,154

Other Revenue $0

TOTAL REVENUE $164,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,728

Fundraising Expenses $0

Program Expenses $138,724

Other Expenses $143,836

TOTAL EXPENSES $175,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,934	$131,220	+0.3%
Expenses	$175,564	$80,112	+1.2%
Net Income	$-10,630	$51,108	-1.2%

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

$28,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Samantha Hodgkins	Treasurer	0.50	Officer Director	$0	$0	$0
Dr David Cloutier	Vice President	0.50	Officer Director	$0	$0	$0
Dr Casey Cole	Past President	0.50	Officer Director	$0	$0	$0
Dr Kate Domenico	President	0.50	Officer Director	$0	$0	$0
Dr Libby Helmer	Director	0.50	Director	$0	$0	$0
Dr Lisa Bourazak	Director	0.50	Director	$0	$0	$0
Dr Stephanie Robitaille	Director	0.50	Director	$0	$0	$0
Katherine Soverel	Executive Director	40.00	Officer	$28,800	$0	$28,800

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	$164,934	$175,564	$506,555	$-10,630
2022	$131,220	$80,112	$495,203	$51,108
2021	$210,520	$172,074	$492,474	$38,446
2020	$165,757	$138,508	$452,962	$27,249
2019	$184,096	$138,089	$409,680	$46,007

Maine Veterinary Medical Association Inc