CONNECTICUT VETERINARY MEDICAL ASS… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

EVA CERANOWICZ DVM

Phone

4017800900

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT VETERINARY MEDICAL ASSOCIATION, founded in 1998, is a small nonprofit that reported $312K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $270K left a modest 13% surplus.

Mission

TO ENHANCE THE ABILITY OF MEMBER VETERINARIANS TO IMPROVE ANIMAL WELL-BEING AND PUBLIC HEALTH AND TO PROMOTE THE QUALITY OF VETERINARY SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $84,768 Revenue: $161,002

THE ORGANIZATION PROVIDES PROGRAMS AND UPDATES TO VETERINARIANS RELATED TO THE HEALTH CARE FOR PETS AND THE PRACTICE OF VETERINARY SCIENCE. THE ORGANIZATION PRIMARILY ACCOMPLISHES THIS THROUGH ITS...

THE ORGANIZATION PROVIDES PROGRAMS AND UPDATES TO VETERINARIANS RELATED TO THE HEALTH CARE FOR PETS AND THE PRACTICE OF VETERINARY SCIENCE. THE ORGANIZATION PRIMARILY ACCOMPLISHES THIS THROUGH ITS EVENT OF THE ANNUAL MEETING AND CONVENTION.

Program 2

Expenses: $1,535 Revenue: $6,030

THE ORGANIZATION PROVIDES RABIES CLINICS THAT PROVIDE EDUCATION AND IMMUNIZATIONS TO ANIMALS OF THE GENERAL PUBLIC.

Program 3

Expenses: $887 Revenue: $1,420

THE ORGANIZATION PROVIDES CONTINUING EDUCATION PROGRAMS ON MATTERS RELATED TO VETERINARY ISSUES..

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,794

Program Service Revenue $168,452

Investment Income $1,549

Other Revenue $5,873

TOTAL REVENUE $311,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $44,679

Program Expenses $87,190

Other Expenses $270,159

TOTAL EXPENSES $270,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,668	$253,185	+0.2%
Expenses	$270,159	$271,426	0.0%
Net Income	$41,509	$-18,241	-3.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE FORELLA	PRESIDENT ELECT	1.00	Director	$0	$0	$0
SHANNON BRIGHENTI	Director	1.00	Director	$0	$0	$0
GWENN GAUMOND	Director	1.00	Director	$0	$0	$0
EVA CERANOWICZ DVM	Treasurer	2.00	Officer Director	$0	$0	$0
DR LYNN KELLER VMD MS DACL	Director	1.00	Director	$0	$0	$0
EMILY BERMAN	Director	1.00	Director	$0	$0	$0
HOWARD ASHER DVM	Director	1.00	Director	$0	$0	$0
ANDREA DENNIS LAVIGNE DVM	Director	1.00	Director	$0	$0	$0
NANCY K HENSEN DVM	President	2.00	Officer Director	$0	$0	$0
MONICA DIJANIC DVM	Director	1.00	Director	$0	$0	$0
JENNIFER HALL DVM	Secretary	2.00	Officer Director	$0	$0	$0
MATT KORNATOWSKI DVM	PAST PRESIDENT	1.00	Director	$0	$0	$0
VICKI MYERS DVM	Director	1.00	Director	$0	$0	$0
NEIL MARRINAN	Director	1.00	Director	$0	$0	$0
CHELSEA SANTE LUCIA	Director	1.00	Director	$0	$0	$0
ALEXANDRA QUARTI DVM	Director	1.00	Director	$0	$0	$0
DR CHRISTOPHER GARGAMELLIDVM	Director	1.00	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	$311,668	$270,159	$251,997	$41,509
2023	$253,185	$271,426	$208,065	$-18,241
2022	$227,450	$245,289	$223,730	$-17,839
2021	$162,686	$183,259	$244,972	$-20,573
2020	$146,544	$200,323	$262,125	$-53,779
2019	$285,503	$288,432	$315,216	$-2,929
2018	$271,453	$268,906	$279,161	$2,547

CONNECTICUT VETERINARY MEDICAL ASSOCIATION