Washington State Veterinary Medica… - 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

1942

Legal Domicile

Principal Officer

Ken Gordon

Phone

4253963191

Tax Period

2023-11-01 to 2024-10-31

Washington State Veterinary Medical Association, founded in 1942, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023.

Mission

Through our work of providing advocacy, education, information and resources, member veterinarians and veterinary students are able to focus on their deep commitment to the care and wellbeing of animals, their owners, and the general public.

Program Service Accomplishments

Program 1

Pacific NW Veterinary Conference - State meeting for the purposes of continuing education for veterinarians and their staff plus a trade show. Approx 1,600 veterinarians, technicians, veterinary...

Pacific NW Veterinary Conference - State meeting for the purposes of continuing education for veterinarians and their staff plus a trade show. Approx 1,600 veterinarians, technicians, veterinary staff, speakers, vendors and guests attended the conference at the Tacoma Convention Center. There were 99 vendor booths in the trade show. Over 150 hours of continuing education credit was provided.

Program 2

Education - Three 1/2 day in person training events were provided each offering 4 hours of CE were provided in 2023/24. 12 one-hour webinars were presented live on a variety of veterinary topics with attendance varying between 25 and 100 attendees at each one. In addition a 2 hour DEI focused CE event and a program to explain new dog importation guidelines were provided with a combined 700 attendees.

Program 3

Power of Ten Leadership Academy and support for Veterinary Students - Ten recent graduates enter a one year program to study leadership, communication, and organized veterinary medicine. Provision of scholarships to students at the College of Veterinary Medicine and support for student focused events and educational opportunities.

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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 $23,093

Program Service Revenue $865,178

Investment Income $58,936

Other Revenue $105,791

TOTAL REVENUE $1,052,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,896

Fundraising Expenses $0

Other Expenses $642,537

TOTAL EXPENSES $1,124,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,052,998	$1,059,259	0.0%
Expenses	$1,124,433	$975,590	+0.2%
Net Income	$-71,435	$83,669	-1.9%

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

$223,259

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candace Joy	CEO	55.00	Officer	$161,582	$25,321	$186,903
Ken Gordon	CEO	55.00	Officer	$25,000	$11,356	$36,356
Dr Eddie Haigh	President	1.50	Officer Director	$0	$0	$0
Dr Bob Mealey	Vice President	1.50	Officer Director	$0	$0	$0
Dr Sally Thompson-Iritani	VP/Treasurer	1.50	Officer Director	$0	$0	$0
Dr Melanie Bowden	Treasurer	1.50	Officer Director	$0	$0	$0
Dr Brian Joseph	Secretary	1.50	Officer Director	$0	$0	$0
Dr Irene Yen	Secretary	1.50	Officer Director	$0	$0	$0
Dr Haena Lee	Secretary	1.50	Officer Director	$0	$0	$0
Dr Gary Marshall	Director	1.50	Director	$0	$0	$0
Dr Katie Kuehl	Director	1.50	Director	$0	$0	$0
Dr Kristi Wubben	Director	1.50	Director	$0	$0	$0
Dr Radha Ganesan	Director	1.50	Director	$0	$0	$0
Dr Lily Ngai	Director	1.50	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
2025	No data	No data	No data	No data
2024	$1,052,998	$1,124,433	$891,323	$-71,435
2023	$1,059,259	$975,590	$923,305	$83,669
2022	$978,591	$857,052	$987,227	$121,539
2021	$759,007	$702,543	$874,732	$56,464
2020	$660,254	$703,688	$1,013,483	$-43,434
2019	$844,151	$785,645	$1,017,733	$58,506
2018	$846,124	$724,631	$951,868	$121,493

Washington State Veterinary Medical Association