IOWA VETERINARY MEDICAL ASSOCIATION

EIN: 420619332

ANKENY, IA

Total Revenue
$992,777
Total Expenses
$980,092
Total Assets
$2,729,789
Net Assets
$2,402,087
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1883
Legal Domicile
IA
Principal Officer
RANDY WHEELER
Phone
5159659237
Tax Period
2024-01-01 to 2024-12-31

IOWA VETERINARY MEDICAL ASSOCIATION, founded in 1883, is a small nonprofit that reported $993K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 29 months of operating reserves.

Mission

PROVIDING A VISION AND VOICE THROUGH CONTINUING EDUCTION, PUBLICATIONS, LEGISLATIVE AND SOCIAL ACTIVITIES TO ENHANCE THE VETERINARY PROFESSION, IMPROVE ANIMAL WELL-BEING AND DEFEND PUBLIC HEALTH.

Program Service Accomplishments

Program 1

PROMOTION, ADVOCACY, ORGANIZATION, AND OTHER GENERAL SERVICES TO MEMBERS OF THE VETERINARY MEDICAL PROFESSION IN THE STATE OF IOWA. APPROXIMATELY 1,800 MEMBERS DURING THE YEAR.

Program 2

PLANNING AND ORGANIZATION OF ANNUAL CONVENTION FOR MEMBERS PROVIDING EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR NETWORKING WITH PEERS.

Program 3

HOSTING OF EDUCATIONAL MEETINGS FOR MEMBERS. A MAJOR EVENT IS THE ANNUAL WINTER CONFERENCE. VARIOUS SMALLER EDUCATIONAL EVENTS ARE AVAILABLE THROUGHOUT THE YEAR.

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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 $272,201
Program Service Revenue $451,112
Investment Income $265,212
Other Revenue $4,252
TOTAL REVENUE $992,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $305,758
Fundraising Expenses $0
Other Expenses $674,334
TOTAL EXPENSES $980,092

Year-over-Year Comparison

2024 2023 Change
Revenue $992,777 $898,982 +0.1%
Expenses $980,092 $930,720 +0.1%
Net Income $12,685 $-31,738 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
150

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
$170,116
Total Directors
26
$0
Key Employees
1
$170,116
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RANDY WHEELER EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$165,161 $4,955 $170,116
DR KRISTEN CLARK PRESIDENT 2.00
Officer Director
$0 $0 $0
DR KENNETH MAY PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
DR AUBREY CORDRAY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DR SHAWN NICHOLSON PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
DR ZACHARY WILCOX BOARD MEMBER 1.00
Director
$0 $0 $0
DR MARK REES BOARD MEMBER 1.00
Director
$0 $0 $0
DR ASHLIE KOLBET BOARD MEMBER 1.00
Director
$0 $0 $0
DR PATRICK SIMONSEN BOARD MEMBER 1.00
Director
$0 $0 $0
DR CHRISTINE BEAN BOARD MEMBER 1.00
Director
$0 $0 $0
DR ELIZABETH HOLLAND BOARD MEMBER 1.00
Director
$0 $0 $0
DR ZACH VOSBURG BOARD MEMBER 1.00
Director
$0 $0 $0
DR RYAN ROYER BOARD MEMBER 1.00
Director
$0 $0 $0
DR COURTNEY BLAKE BOARD MEMBER 1.00
Director
$0 $0 $0
DR MOLLY LEE BOARD MEMBER 1.00
Director
$0 $0 $0
DR RACHEL FRIEDRICH BOARD MEMBER 1.00
Director
$0 $0 $0
DR JOEL LOOMIS BOARD MEMBER 1.00
Director
$0 $0 $0
DR AMIE ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
DR MICHAEL SLATTERY BOARD MEMBER 1.00
Director
$0 $0 $0
DR ASHLEY WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
DR LISA THILGES BOARD MEMBER 1.00
Director
$0 $0 $0
DR ABBEY BOWERS BOARD MEMBERS 1.00
Director
$0 $0 $0
DR KATE HOFFMANN BOARD MEMBER 1.00
Director
$0 $0 $0
DR CARL SCHULER BOARD MEMBER 1.00
Director
$0 $0 $0
DR LINDSAY SPEER BOARD MEMBER 1.00
Director
$0 $0 $0
DR THOMAS LOPP BOARD MEMBER 1.00
Director
$0 $0 $0
DR LOUISE FULLER BOARD MEMBER 1.00
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 $992,777 $980,092 $2,729,789 $12,685
2023 $898,982 $930,720 $2,532,953 $-31,738
2022 $942,225 $816,926 $2,386,179 $125,299
2021 $791,101 $686,213 $2,703,399 $104,888
2020 $712,057 $643,801 $2,248,107 $68,256
2019 $878,984 $748,517 $2,147,526 $130,467
2018 $740,084 $690,072 $1,824,452 $50,012
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