MICHIGAN VETERINARY MEDICAL ASSOCIATION (EIN 381485391) - 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

1892

Legal Domicile

Principal Officer

BONNIFER BALLARD

Phone

5173474710

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN VETERINARY MEDICAL ASSOCIATION, founded in 1892, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PROMOTE THE SCIENCE AND ART OF VETERINARY MEDICINE AND ITS RELATED BRANCHES.

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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 $0

Program Service Revenue $1,074,846

Investment Income $56,354

Other Revenue $115,616

TOTAL REVENUE $1,246,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $614,297

Fundraising Expenses $0

Other Expenses $754,235

TOTAL EXPENSES $1,368,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,816	$1,341,925	-0.1%
Expenses	$1,368,532	$1,401,436	0.0%
Net Income	$-121,716	$-59,511	+1.0%

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

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

$301,576

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA RENDER DVM	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE LOCKMAN DVM	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY DELAND DVM	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MILLER DVM	DIRECTOR	1.00	Director	$0	$0	$0
MARY KINSER DVM	DIRECTOR	1.00	Director	$0	$0	$0
KENNY ROGERS DVM	DIRECTOR	1.00	Director	$0	$0	$0
LUCY HENNEY DVM	DIRECTOR	1.00	Director	$0	$0	$0
HENRY REINART DVM	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MACARTHUR DVM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MEYER DVM	DIRECTOR	1.00	Director	$0	$0	$0
SARA STEIN DVM	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY PFEIFER DVM	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL ABUELO SEBIO DVM	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA DYSON DVM	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL WHITE DVM	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE LETSCHE DVM	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM DUNCAN DVM	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELAINE SHEIKH DVM	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW HYNES DVM	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
DANA TATMAN-LILLY DVM	PRESIDENT	1.00	Officer Director	$0	$0	$0
BONNIFER BALLARD MLD CAE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$93,749	$7,849	$101,598
SHARON FANDEL	COO (ENDED 12/24)	40.00	Officer	$101,777	$33,993	$135,770
JOHN TRAMONTANA CAE	EXECUTIVE DIRECTOR (ENDED 3/24)	40.00	Officer	$50,867	$13,341	$64,208

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	$1,246,816	$1,368,532	$1,374,028	$-121,716
2023	$1,341,925	$1,401,436	$1,444,770	$-59,511
2022	$1,299,908	$1,381,897	$1,375,347	$-81,989
2021	$1,300,654	$1,336,904	$1,676,570	$-36,250
2020	$1,189,414	$1,183,575	$1,724,782	$5,839
2019	$1,480,335	$1,324,809	$1,855,702	$155,526
2018	$1,335,916	$1,187,345	$1,586,482	$148,571

MICHIGAN VETERINARY MEDICAL ASSOCIATION