AMERICAN VETERINARY MEDICAL ASSOCIATION

EIN: 360731170 Food, Agriculture & Nutrition

SCHAUMBURG, IL

Total Revenue
$51,676,271
Total Expenses
$53,544,011
Total Assets
$90,743,562
Net Assets
$59,076,499
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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
1863
Legal Domicile
IL
Principal Officer
DR DAVID GRANSTROM
Phone
8479258070
Tax Period
2023-01-01 to 2023-12-31

AMERICAN VETERINARY MEDICAL ASSOCIATION, founded in 1863, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $51.7M in total revenue in fiscal year 2023.

Mission

TO IMPROVE ANIMAL AND HUMAN HEALTH AND ADVANCE THE VETERINARY MEDICAL PROFESSION.

Program Service Accomplishments

Program 1

TO PROTECT AND PROMOTE PROFESSIONAL INTERESTS OF THE VETERINARIAN.TO INCREASE THE STANDARD OF VETERINARY EDUCATION.TO PROTECT THE ENACTMENT AND ENFORCEMENT OF UNIFORM LAWS AND REGULATIONS RELATIVE TO...

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TO PROTECT AND PROMOTE PROFESSIONAL INTERESTS OF THE VETERINARIAN.TO INCREASE THE STANDARD OF VETERINARY EDUCATION.TO PROTECT THE ENACTMENT AND ENFORCEMENT OF UNIFORM LAWS AND REGULATIONS RELATIVE TO VETERINARY PRACTICE AND THE CONTROL OF ANIMAL DISEASES.TO IMPROVE PUBLIC OPINION REGARDING THE PERCEPTION OF ANIMAL WELFARE.TO PROMOTE GOOD FELLOWSHIP IN THE PROFESSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $175,000
Program Service Revenue $49,914,676
Investment Income $10,337
Other Revenue $1,576,258
TOTAL REVENUE $51,676,271

Expense Breakdown

Grants Paid $343,297
Salaries & Benefits $27,660,820
Fundraising Expenses $0
Other Expenses $25,539,894
TOTAL EXPENSES $53,544,011

Year-over-Year Comparison

2023 2022 Change
Revenue $51,676,271 $49,521,706 +0.0%
Expenses $53,544,011 $47,993,467 +0.1%
Net Income $-1,867,740 $1,528,239 -2.2%
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

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Governance

Voting Members
15
Independent Members
8
Employees
183
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
15
$1,107,094
Total Directors
28
$356,305
Key Employees
9
$2,739,265
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENA CARLSON PRESIDENT 20.00
Officer Director
$1,440 $0 $1,440
LORI TELLER PRESIDENT - PAST 20.00
Officer Director
$0 $0 $0
SANDRA FAEH PRESIDENT ELECT 20.00
Officer Director
$37,656 $0 $37,656
RENA CARLSON PRESIDENT ELECT - PAST 20.00
Officer Director
$0 $0 $0
JENNIFER QUAMMEN VICE PRESIDENT 20.00
Officer Director
$50,380 $0 $50,380
JON PENNELL TREASURER 15.00
Officer Director
$10,000 $0 $10,000
ARNOLD GOLDMAN TREASURER - PAST 15.00
Officer Director
$10,140 $0 $10,140
LORI TELLER IMMEDIATE PAST PRESIDENT 20.00
Officer Director
$98,981 $0 $98,981
JOSE ARCE IMMEDIATE PAST PRESIDENT - PAST 20.00
Officer Director
$27,058 $0 $27,058
CHUCK LEMME BOARD CHAIR - DISTRICT VII 10.00
Officer Director
$20,000 $0 $20,000
RONALD GILL BOARD CHAIR - DISTRICT VI - PAST 10.00
Officer Director
$12,508 $0 $12,508
ROBERT KNAPP BOARD VICE CHAIR - DISTRICT V 10.00
Officer Director
$12,500 $0 $12,500
CHUCK LEMME BOARD VICE CHAIR - DISTRICT VII - PAST 10.00
Officer Director
$0 $0 $0
AMANDA BISOL DIRECTOR - DISTRICT I 10.00
Director
$10,131 $0 $10,131
ERIN CASEY DIRECTOR - DISTRICT II 10.00
Director
$5,111 $0 $5,111
MICHAEL BAILEY DIRECTOR - DISTRICT II - PAST 10.00
Director
$5,129 $0 $5,129
MARY ERGEN DIRECTOR - DISTRICT III 10.00
Director
$10,000 $0 $10,000
SEYEDMEHDI MOBINI DIRECTOR - DISTRICT IV 10.00
Director
$10,134 $0 $10,134
ROBERT KNAPP DIRECTOR - DISTRICT V - PAST 10.00
Director
$0 $0 $0
JIM WEISMAN DIRECTOR - DISTRICT VI 10.00
Director
$5,000 $0 $5,000
SAM MILLER DIRECTOR - DISTRICT VIII 10.00
Director
$10,000 $0 $10,000
MELANIE MARSDEN DIRECTOR - DISTRICT IX 10.00
Director
$10,137 $0 $10,137
RICHARD SULLIVAN DIRECTOR - DISTRICT X 10.00
Director
$0 $0 $0
SAUNDRA WILLIS DIRECTOR - DISTRICT XI 10.00
Director
$10,000 $0 $10,000
LIBBY TODD DIRECTOR - HOUSE ADVISORY COMMITTEE CHAIR 10.00
Director
$0 $0 $0
WILLIAM GRANT DIRECTOR - HOUSE ADVISORY COMMITTEE CHAIR - PAST 10.00
Director
$0 $0 $0
MAX PAULSON DIRECTOR - STUDENT AVMA PRESIDENT 10.00
Director
$0 $0 $0
ZACH TOOLEY DIRECTOR - STUDENT AVMA PRESIDENT - PAST 10.00
Director
$0 $0 $0
JANET DONLIN CEO/EXECUTIVE VICE PRESIDENT 50.00
Officer
$432,368 $48,852 $481,220
DAVID GRANSTROM ASSISTANT EXECUTIVE VICE PRESIDENT 50.00
Officer
$304,735 $40,476 $345,211
LORI KEANE CHIEF HUMAN RESOURCES OFFICER 50.00
Key Emp
$261,587 $44,380 $305,967
GAIL GOLAB CHIEF VETERINARY OFFICER 50.00
Key Emp
$302,329 $40,464 $342,793
SHELLY LAMB CHIEF INFORMATION OFFICER 50.00
Key Emp
$246,501 $34,722 $281,223
KENT MCCLURE CHIEF GOVERNMENTAL RELATIONS OFFICER 50.00
Key Emp
$383,309 $48,852 $432,161
JOANN VOCALINO CHIEF FINANCIAL OFFICER, FINANCE & BUSINESS 50.00
Key Emp
$254,651 $26,651 $281,302
ANGELA ROBERTS CHIEF MARKETING & COMMUNICATIONS OFFICER 50.00
Key Emp
$276,360 $28,933 $305,293
MICHAEL WILSON DIVISION DIRECTOR, CONVENTION AND MEETING PLANNING 50.00
Key Emp
$249,087 $46,419 $295,506
KEVIN DAJKA CHIEF OF PROFESSIONAL DEVELOPMENT & STRATEGIC ALLI 50.00
Key Emp
$243,040 $39,534 $282,574
SCOTT MACKENZIE DIVISION DIRECTOR, MEMBERSHIP & FIELD SERVICES 50.00
Key Emp
$178,020 $34,426 $212,446
CRAIG LATONIA CHIEF DIVERSITY AND INCLUSION OFFICER 50.00
Highest
$238,629 $34,122 $272,751
ISHAM JONES III GENERAL COUNSEL 50.00
Highest
$251,535 $45,644 $297,179
MARK LUTSCHAUNIG DIVISION DIRECTOR, GOVERNMENT RELATIONS 50.00
Highest
$231,219 $39,407 $270,626
LISA FORTIER DIVISION DIRECTOR, PUBLICATIONS 50.00
Highest
$277,052 $43,023 $320,075
PAULA PARKER CHIEF OF PROFESSIONAL RELATIONSHIPS AND STRATEGIC 50.00
Highest
$247,460 $40,584 $288,044
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 $51,676,271 $53,544,011 $90,743,562 $-1,867,740
2022 $49,521,706 $47,993,467 $83,581,245 $1,528,239
2021 $52,810,298 $40,939,150 $94,136,501 $11,871,148
2020 $40,757,536 $38,364,516 $82,161,777 $2,393,020
2019 $43,324,806 $43,187,254 $78,498,051 $137,552
2018 $42,660,119 $41,915,059 $70,812,582 $745,060
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