SOUTHEASTERN MICHIGAN VETERINARY M… - 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

1949

Legal Domicile

Principal Officer

LUCIA H SHIELDS-HENNEY

Phone

2486516332

Tax Period

2024-07-01 to 2025-06-30

SOUTHEASTERN MICHIGAN VETERINARY MEDICAL ASSOCIATION, founded in 1949, is a small nonprofit that reported $134K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $272K represent 24 months of operating reserves.

Mission

TO PROVIDE CONTINUING EDUCATION TO VETERINARIANS AND TECHNICIANS AND TO ENCOURAGE PUBLIC AWARENESS OF PET HEALTH ISSUES.

Program Service Accomplishments

Program 1

PROVIDED CONTINUING EDUCATION TO VETERINARIANS AND TECHNICIANS AND ENCOURAGED PUBLIC AWARENESS OF PET HEALTH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,508

Investment Income $15,587

Other Revenue $10,076

TOTAL REVENUE $134,171

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $29,453

Fundraising Expenses $0

Other Expenses $96,102

TOTAL EXPENSES $135,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,171	$115,218	+0.2%
Expenses	$135,555	$155,529	-0.1%
Net Income	$-1,384	$-40,311	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE CHANG	SECRETARY	5.00	Officer	$0	$0	$0
BECKY DIETLIN	IMMEDIATE PA	5.00	Officer	$0	$0	$0
BARBRA EASTON	PRESIDENT EL	5.00	Officer	$0	$0	$0
KAITLIN LONC	PRESIDENT	5.00	Officer	$0	$0	$0
JORDAN ROUX	VICE PRESIDE	5.00	Officer	$0	$0	$0
LUCIA H SHIELDS-HENNEY	TREASURER	5.00	Officer	$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
2025	$134,171	$135,555	$278,405	$-1,384
2024	$115,218	$155,529	$269,509	$-40,311
2023	$110,805	$139,425	$290,785	$-28,620
2022	$107,457	$119,747	$311,996	$-12,290
2021	$86,794	$76,149	$367,717	$10,645
2020	$145,600	$114,182	$324,123	$31,418

SOUTHEASTERN MICHIGAN VETERINARY MEDICAL ASSOCIATION