AMERICAN PET PRODUCTS ASSOCIATION … - 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

1959

Legal Domicile

Principal Officer

PETER SCOTT

Phone

2035320000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN PET PRODUCTS ASSOCIATION INC, founded in 1959, is a mid-sized nonprofit that reported $14.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $13.5M left a modest 9% surplus.

Mission

APPA'S MISSION IS TO PROMOTE RESPONSIBLE PET CARE AND ADVANCE THE PET PRODUCTS INDUSTRY. TO ACCOMPLISH THESE OBJECTIVES AND TO PROVIDE MEMBERS WITH VALUABLE BENEFITS, APPA WORKS HARD TO DEVELOP PROGRAMS AND SERVICES WHICH SERVE ITS MEMBERS' UNIQUE NEEDS. BY CONDUCTING INDUSTRY-RELATED MARKET RESEARCH AND HOLDING EDUCATIONAL SEMINARS AND TELECONFERENCES, APPA HELPS KEEP ITS MEMBERS INFORMED ABOUT IMPORTANT INDUSTRY INFORMATION, AND GIVES THEM THE TOOLS THEY NEED TO MAKE IMPORTANT BUSINESS DECISIONS.

Program Service Accomplishments

Program 1

GLOBAL PET EXPO, THE PET INDUSTRY'S LARGEST ANNUAL TRADE SHOW, IS PRESENTED BY APPA AND THE PET INDUSTRY DISTRIBUTORS ASSOCIATION (PIDA). THE 2023 EXPO FEATURED APPROXIMATELY 1,000 EXHIBITORS, 3,200 BOOTHS, MORE THAN 900 NEW PRODUCT LAUNCHES AND 6,700 PET PRODUCT BUYERS. THE EXPO IS OPEN TO INDEPENDENT RETAILERS, DISTRIBUTORS, MASS-MARKET BUYERS, AND OTHER QUALIFIED PROFESSIONALS. FOR MORE INFORMATION VISIT WWW.GLOBALPETEXPO.ORG.

Program 2

INDUSTRY GROUP SUPPORT:APPA PROVIDES ANNUAL SUPPORT TO VARIOUS INDUSTRY GROUPS. IN 2023, APPA GAVE AWARDS AND PROVIDED SUPPORT TO THE FOLLOWING ORGANIZATIONS: THE PET CARE TRUST, THE PET INDUSTRY...

INDUSTRY GROUP SUPPORT:APPA PROVIDES ANNUAL SUPPORT TO VARIOUS INDUSTRY GROUPS. IN 2023, APPA GAVE AWARDS AND PROVIDED SUPPORT TO THE FOLLOWING ORGANIZATIONS: THE PET CARE TRUST, THE PET INDUSTRY JOINT ADVISORY COUNCIL,THE HUMAN ANIMAL BOND RESEARCH INITIATIVE FOUNDATION, AND PET SUSTAINABILITY COALITION. OVER THE YEARS APPA SUPPORTED THE PET INDUSTRY IN THE TENS OF MILLIONS OF DOLLARS.

Program 3

PROMOTING PET OWNERSHIP & THE PET INDUSTRY:IN 2005, APPA IMPLEMENTED THE PAL (PETS ADD LIFE) PSA CAMPAIGN. THE PAL CAMPAIGN IS DESIGNED TO ENCOURAGE PEOPLE TO APPRECIATE THE VALUE OF PET OWNERSHIP...

PROMOTING PET OWNERSHIP & THE PET INDUSTRY:IN 2005, APPA IMPLEMENTED THE PAL (PETS ADD LIFE) PSA CAMPAIGN. THE PAL CAMPAIGN IS DESIGNED TO ENCOURAGE PEOPLE TO APPRECIATE THE VALUE OF PET OWNERSHIP, TEACH PEOPLE TO BE RESPONSIBLE PET OWNERS, AND PROMOTE THE IMPORTANCE OF PET OWNERSHIP TO GOOD MENTAL HEALTH, COMPANIONSHIP AND LOVE. THE PAL CAMPAIGN DELIVERS A WIDE VARIETY OF IMPORTNAT PET RELATED MESSAGES TO A VAST AUDIENCE USING PUBLIC SERVICE ANNOUNCEMENTS, DISPLAY ADS, POSTERS, BROCHURES, AND NEWS STORIES. FOR MORE INFORMATION VISIT WWW.PETSADDLIFE.ORG.TO FURTHER PROMOTE THE PET INDUSTRY AND TO MORE CLEARLY DEFINE ITS GOALS AND OBJECTIVES, APPA HAS PLAYED AN INTEGRAL ROLE IN ESTABLISHING PET LEADERSHIP COUNCIL, A GROUP COMPRISED OF A COLLABORATION OF DIVERSE LEADERS WITHIN THE PET INDUSTRY. THIS GROUP HAS IDENTIFIED KEY ISSUES FACING THE INDUSTRY AND IS CURRENTLY TAKING STEPS TO ADDRESS THOSE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,004,190

Investment Income $873,487

Other Revenue $0

TOTAL REVENUE $14,877,677

Expense Breakdown

Grants Paid $1,021,130

Salaries & Benefits $4,692,089

Fundraising Expenses $0

Other Expenses $7,800,881

TOTAL EXPENSES $13,514,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,877,677	$12,250,794	+0.2%
Expenses	$13,514,100	$11,100,352	+0.2%
Net Income	$1,363,577	$1,150,442	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$537,019

Total Directors

Key Employees

$1,466,482

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BAROODY	CHAIRMAN	3.00	Director	$0	$0	$0
TERRY ANDERTON	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES LATHAM	DIRECTOR	2.00	Director	$0	$0	$0
CHANDA LEARY-COUTU	DIRECTOR	2.00	Director	$0	$0	$0
SAVINA SINGH	DIRECTOR	2.00	Director	$0	$0	$0
TODD REGAN	SECRETARY-TREASURER	2.00	Officer	$0	$0	$0
PETER SCOTT	CEO & PRESIDENT	40.00	Officer	$513,509	$23,510	$537,019
JULIA FIDENZIO-ALICEA	CHIEF LEGAL OFFICER	40.00	Key Emp	$269,949	$27,698	$297,647
ANNE FERRANTE	SR. VP MEMBER RELATIONS	40.00	Key Emp	$185,753	$17,152	$202,905
JEREMY BAKER	CHIEF GROWTH OFFICER	40.00	Key Emp	$183,661	$4,917	$188,578
PATRICK O'BRIEN	CHIEF DIGITAL OFFICER	40.00	Key Emp	$160,339	$27,824	$188,163
JENNIFER SKELLEY	VP OF INFORMATION SYSTEMS	40.00	Key Emp	$152,884	$21,830	$174,714
ROBERT MERAR	EXECUTIVE VP OF OPERATION	40.00	Key Emp	$206,028	$0	$206,028
DIANE TIBERIO	VP OF MARKETING	40.00	Key Emp	$172,766	$35,681	$208,447
TRACEY WILLSON	SENIOR DIRECTOR, TRADE SHOW PLANNING & OPERATIONS	40.00	Highest	$132,755	$20,812	$153,567
KERRY O'HARA	CHIEF INSIGHTS OFFICER	40.00	Highest	$235,732	$20,817	$256,549
CHRISTOPHER BONIFATI	SR. DIRECTOR OF TRADE SHOW	40.00	Highest	$130,364	$19,099	$149,463
KAITLIN STEWART	VP OF TRADE SHOW MANAGEMEN	40.00	Highest	$142,471	$46,659	$189,130
INGRID CHU	VICE PRESIDENT, RESEARCH & INSIGHTS	40.00	Highest	$126,217	$11,878	$138,095

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	$14,877,677	$13,514,100	$28,122,832	$1,363,577
2022	$12,250,794	$11,100,352	$24,021,854	$1,150,442
2021	$5,157,224	$7,556,956	$25,210,784	$-2,399,732
2020	$13,754,941	$12,922,448	$22,408,227	$832,493
2019	$14,084,409	$13,723,795	$26,335,888	$360,614
2018	$13,738,385	$13,570,421	$23,967,980	$167,964

AMERICAN PET PRODUCTS ASSOCIATION INC