FLORIDA VETERINARY MEDICAL ASSOCIA… - 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

1933

Legal Domicile

Principal Officer

JIM NAUGLE

Phone

4078513862

Tax Period

2023-01-01 to 2023-12-31

FLORIDA VETERINARY MEDICAL ASSOCIATION, founded in 1933, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS INTERESTED IN THE PROMOTION OF ANIMAL HEALTH AND THE WELL BEING OF ANIMALS, PUBLIC HEALTH, THE ENACTMENT OF LAWS REGULATING THE PRACTICE OF VETERINARY MEDICINE, AND THE CONTROL OF DISEASES OF ANIMALS.

Program Service Accomplishments

Program 1

MEETINGS, SEMINARS, ETC. TO TRAIN THE PUBLIC AND PROFESSIONALS IN THE WELL-BEING, CARE, AND TREATMENT OF PETS.

Program 2

THE FVMA OFFERS CERTIFICATION FOR GRADUATE VETERINARY TECHNICIAN STUDENTS AND VETERINARY ASSISTANT STUDENTS.

Program 3

ANNUAL CONVENTIONS FOR VETERINARIANS AND VETERINARY TEAM MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,178,613

Investment Income $175,817

Other Revenue $75,461

TOTAL REVENUE $3,429,891

Expense Breakdown

Grants Paid $10,250

Salaries & Benefits $1,134,878

Fundraising Expenses $0

Other Expenses $2,466,157

TOTAL EXPENSES $3,611,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,429,891	$3,576,934	0.0%
Expenses	$3,611,285	$3,388,981	+0.1%
Net Income	$-181,394	$187,953	-2.0%

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

$170,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST C GODFREY DVM	TRUSTEE EMERITUS	0.00	Director	$0	$0	$0
RICHARD B WILLIAMS DVM	AVMA DELEGATE	0.00	Director	$0	$0	$0
BETH S KESER DVM	DIRECTOR	0.00	Director	$0	$0	$0
THOMAS E HESTER DVM	DIRECTOR	0.00	Director	$0	$0	$0
TODD FULTON DVM	DIRECTOR	0.00	Director	$0	$0	$0
DONALD HOWELL DVM	DIRECTOR	0.00	Director	$0	$0	$0
JULIE MOODOYAN DVM	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT SWINGER DVM	DIRECTOR	0.00	Director	$0	$0	$0
BARBARA LEWIS DVM	DIRECTOR	0.00	Director	$0	$0	$0
JOHN WIGHT DVM	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE STORTS DVM	DIRECTOR	0.00	Director	$0	$0	$0
SALLY DENOTTA DVM	FAEP REPRESENTATIVE	0.00	Director	$0	$0	$0
RICHARD SUTLIFF DVM	AVMA ALTERNATE DELEGATE	0.00	Director	$0	$0	$0
MARTH LISTA DVM	PRESIDENT	0.00	Officer	$0	$0	$0
JACKIE SHELLOW DVM	PRESIDENT-ELECT	0.00	Officer	$0	$0	$0
STEVE STEVERSON DVM	TREASURER	0.00	Officer	$0	$0	$0
MARY SMART DVM	PAST PRESIDENT	0.00	Officer	$0	$0	$0
JIM NAUGLE	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$170,337	$0	$170,337

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	$3,429,891	$3,611,285	$7,348,459	$-181,394
2022	$3,576,934	$3,388,981	$6,632,518	$187,953
2021	$3,633,638	$3,352,696	$7,989,963	$280,942
2020	$2,709,121	$2,472,673	$6,984,760	$236,448
2019	$3,434,648	$2,926,503	$6,613,682	$508,145
2018	$3,530,616	$2,763,061	$5,561,433	$767,555

FLORIDA VETERINARY MEDICAL ASSOCIATION