MASSACHUSETTS VETERINARY MEDICAL ASSOCIATION INC

EIN: 042446458

MARLBOROUGH, MA

Total Revenue
$513,529
Total Expenses
$469,870
Total Assets
$689,543
Net Assets
$477,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MA
Principal Officer
MONICA MANSFIELD
Phone
5084609333
Tax Period
2024-01-01 to 2024-12-31

MASSACHUSETTS VETERINARY MEDICAL ASSOCIATION INC, founded in 1975, is a small nonprofit that reported $514K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $470K left a modest 9% surplus.

Mission

PROVIDE QUALITY VETERINARY EDUCATION AND NETWORKING OPPORTUNITIES TO MEMBERS

Program Service Accomplishments

Program 1
Expenses: $241,522 Revenue: $226,153

THE ASSOCIATION CONDUCTS MEETINGS AND EDUCATION FOR VETERINARIANS.

Program 2
Expenses: $53,017 Revenue: $31,228

MVMAS JOB BANK ALLOWS VISITORS TO POST AND READ EMPLOYMENT OPPORTUNITIES FOR VETERINARIANS, TECHNICIANS, AND OTHER VETERINARY OFFICE STAFF, OR PRACTICES AND ITEMS FOR SALE.

Program 3
Expenses: $10,106 Revenue: $32,800

MVMA PUBLISHES THE MASSVET NEWS SIX TIMES PER YEAR AND DISTRIBUTES IT AT NO CHARGE TO MEMBER VETERINARIANS AND VETERINARY STUDENTS. THE MASSVET NEWS IS AVAILABLE ONLINE IN A MEMBERS-ONLY SECTION OF...

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MVMA PUBLISHES THE MASSVET NEWS SIX TIMES PER YEAR AND DISTRIBUTES IT AT NO CHARGE TO MEMBER VETERINARIANS AND VETERINARY STUDENTS. THE MASSVET NEWS IS AVAILABLE ONLINE IN A MEMBERS-ONLY SECTION OF THE WEBSITE.

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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 $48,506
Program Service Revenue $443,665
Investment Income $14,010
Other Revenue $7,348
TOTAL REVENUE $513,529

Expense Breakdown

Grants Paid $2,113
Salaries & Benefits $188,973
Fundraising Expenses $0
Program Expenses $304,645
Other Expenses $278,784
TOTAL EXPENSES $469,870

Year-over-Year Comparison

2024 2023 Change
Revenue $513,529 $444,397 +0.2%
Expenses $469,870 $390,649 +0.2%
Net Income $43,659 $53,748 -0.2%
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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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
35

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
5
$0
Total Directors
9
$0
Key Employees
1
$87,377
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MONICA MANSFIELD PRESIDENT 1.00
Officer Director
$0 $0 $0
DR INDU MANI PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
DR BRUCE CHASE TREASURER 1.00
Officer Director
$0 $0 $0
DR LYNNE RICKETTS SECRETARY 1.00
Officer Director
$0 $0 $0
DR BONNIE SMITH PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DR BRIAN BOURQUIN DIRECTOR 1.00
Director
$0 $0 $0
DR SANDRA HIGGINS DIRECTOR 1.00
Director
$0 $0 $0
DR MEGAN KILDUFF DIRECTOR 1.00
Director
$0 $0 $0
DR ILENE SEGAL DIRECTOR 1.00
Director
$0 $0 $0
JAMIE FALZONE EXECUTIVE DIRECTOR 40.00
Key Emp
$87,377 $0 $87,377
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
2025 No data No data No data No data
2024 $513,529 $469,870 $689,543 $43,659
2023 $444,397 $390,649 $670,533 $53,748
2022 $429,000 $370,868 $604,333 $58,132
2021 $364,228 $263,051 $548,708 $101,177
2020 $373,918 $368,490 $378,243 $5,428
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