AMERICAN ASSOCIATION OF VETERINARY STATE BOARDS

EIN: 222390391 501(c)(3) Human Services

Overland Park, KS

Total Revenue
$8,643,755
Total Expenses
$8,275,510
Total Assets
$18,039,614
Net Assets
$16,574,050
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
IL
Principal Officer
James T Penrod
Phone
8776988482
Tax Period
2024-01-01 to 2024-12-31

AMERICAN ASSOCIATION OF VETERINARY STATE BOARDS, founded in 1960, is a community nonprofit in the Human Services sector that reported $8.6M in total revenue in fiscal year 2024. Expenses of $8.3M left a modest 4% surplus.

Mission

To support and advance the regulation of veterinary medicine.

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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 $31,850
Program Service Revenue $7,730,299
Investment Income $944,565
Other Revenue $-62,959
TOTAL REVENUE $8,643,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,683,417
Fundraising Expenses $0
Program Expenses $6,093,209
Other Expenses $4,592,093
TOTAL EXPENSES $8,275,510

Year-over-Year Comparison

2024 2023 Change
Revenue $8,643,755 $8,757,748 0.0%
Expenses $8,275,510 $8,629,895 0.0%
Net Income $368,245 $127,853 +1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
45
Volunteers
100

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
$381,419
Total Directors
13
$381,419
Key Employees
4
$759,528
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Penrod Chief Executive Officer/Non-voting Secretary 38
Officer Director
$307,984 $73,435 $381,419
Daphne Tabbytite Chief Business Officer 38
Key Emp
$187,785 $24,774 $212,559
Elizabeth Venit VMD MPH DACVPM Chief Veterinary Officer 40
Key Emp
$187,073 $19,701 $206,774
Christina Bagby Chief Strategy Officer 40
Key Emp
$152,760 $20,536 $173,296
Nancy Grittman Chief Risk Management Officer 40
Key Emp
$139,744 $27,155 $166,899
Kim Gemeinhardt DVM Immediate Past-President 4
Officer Director
$0 $0 $0
Frank Richardson DVM President 4
Officer Director
$0 $0 $0
Tim Kolb DVM President-Elect 4
Officer Director
$0 $0 $0
Amy Haywood LVT Treasurer 4
Officer Director
$0 $0 $0
Mark Nunez DVM Director 2
Director
$0 $0 $0
Greg Parks DVM Director 2
Director
$0 $0 $0
Sheila Dodson DVM Director 2
Director
$0 $0 $0
Mark Chmielewicz DVM Director 2
Director
$0 $0 $0
Holly Lunsford DVM Director 2
Director
$0 $0 $0
Jennifer Pedigo EMBA Director 2
Director
$0 $0 $0
Kimberly Riker-Brown DVM Director 2
Director
$0 $0 $0
Michelle Shane Director 2
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 $8,643,755 $8,275,510 $18,039,614 $368,245
2023 $8,757,748 $8,629,895 $16,880,130 $127,853
2022 $4,585,660 $6,578,543 $17,040,428 $-1,992,883
2021 $6,895,648 $5,213,141 $18,375,777 $1,682,507
2020 $5,444,142 $4,408,769 $16,303,198 $1,035,373
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