AMERICAN COLLEGE OF LABORATORY ANIMAL MEDICINE (EIN 366108149) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

DR MELVIN BALK

Phone

6038872467

Tax Period

2024-01-01 to 2024-12-31

AMERICAN COLLEGE OF LABORATORY ANIMAL MEDICINE, founded in 1957, is a small nonprofit in the Animal-Related sector that reported $906K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO FURTHER THE EDUCATIONAL AND SCIENTIFIC PROGRESS IN THE SPECIALTY OF LABORATORY ANIMAL MEDICINE AND TO ENCOURAGE EDUCATION, TRAINING, RESEARCH, AND ESTABLISH CERTIFICATION STANDARDS IN THE FIELD OF LABORATORY ANIMAL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $142,354

Program Service Revenue $656,575

Investment Income $92,655

Other Revenue $14,048

TOTAL REVENUE $905,632

Expense Breakdown

Grants Paid $216,596

Salaries & Benefits $107,900

Fundraising Expenses $0

Program Expenses $638,591

Other Expenses $750,189

TOTAL EXPENSES $1,074,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$905,632	$946,904	0.0%
Expenses	$1,074,685	$1,024,727	+0.0%
Net Income	$-169,053	$-77,823	+1.2%

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

N/A

Volunteers

205

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

$107,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DRPATRICIA TURNER	PRESIDENT E	3.00	Officer Director	$0	$0	$0
DR ANGELA KING-HERBERT	PAST PRESIDE	3.00	Officer Director	$0	$0	$0
DR JEANNE WALLACE	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
DR LESLEY COLBY	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
DR TIMOTHY MANDRELL	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
CRAIG FLETCHER	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL D MYERS	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM HILL	DIRECTOR	3.00	Director	$0	$0	$0
LON KENDALL	DIRECTOR	3.00	Director	$0	$0	$0
JUDY HICKMAN-DAVIS	DIRECTOR	3.00	Director	$0	$0	$0
DONDRAE COBLE	DIRECTOR	3.00	Director	$0	$0	$0
DR MELVIN BALK	EXECUTIVE DI	35.00	Officer	$107,900	$0	$107,900

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	$905,632	$1,074,685	$2,603,446	$-169,053
2023	$946,904	$1,024,727	$2,490,422	$-77,823
2022	$748,707	$1,005,921	$2,652,150	$-257,214
2021	$850,459	$669,193	$3,309,656	$181,266
2020	$531,815	$541,827	$3,040,659	$-10,012
2019	$762,334	$980,179	$2,819,641	$-217,845
2018	$883,889	$953,051	$2,612,827	$-69,162

AMERICAN COLLEGE OF LABORATORY ANIMAL MEDICINE