CALIFORNIA VETERINARY MEDICAL ASSO… - 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

Legal Domicile

Principal Officer

DR RONALD KELPE

Phone

9166490599

Tax Period

2024-07-01 to 2025-06-30

CALIFORNIA VETERINARY MEDICAL ASSOCIATION is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 4% surplus.

Mission

THIS IS A MEMBERSHIP ORGANIZATION WHOSE PURPOSE IS TO PROMOTE VETERINARY SCIENCE AND THE PRACTICE OF VETERINARY MEDICINE IN THE STATE

Program Service Accomplishments

Program 1

THE MEMBERSHIP ORGANIZATION IN THE STATE OF PROMOTES VETERINARY SCIENCE FOR ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $1,078,824

Program Service Revenue $3,174,790

Investment Income $345,360

Other Revenue $986,314

TOTAL REVENUE $5,585,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,863,168

Fundraising Expenses $0

Other Expenses $3,494,210

TOTAL EXPENSES $5,357,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,585,288	$3,233,309	+0.7%
Expenses	$5,357,378	$2,858,883	+0.9%
Net Income	$227,910	$374,426	-0.4%

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

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

$303,543

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL BAXTER	EXECUTIVE DIRECTOR	40.00	Key Emp	$214,589	$0	$214,589
DR GRANT MILLER	DIRECTOR OF REG AFFAIR	40.00	Highest	$170,072	$0	$170,072
KRISTEN CALDERON	DIR OF MEMBER SERVICES	40.00	Highest	$122,473	$0	$122,473
THOMAS PALMIERI	DIRECTOR OF FINANCE	40.00	Key Emp	$0	$0	$88,954
DR RON KELPE	TREASURER	0.00	Director	$0	$0	$0
DR JENNIFER HAWKINS	PRESIDENT	1.00	Director	$0	$0	$0
DR PETER BOWIE	PRESIDENTELECT	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
2025	$5,585,288	$5,357,378	$9,693,224	$227,910
2024	$3,233,309	$2,858,883	$10,264,044	$374,426
2023	$4,299,918	$3,532,730	$8,802,298	$767,188
2022	$3,763,329	$3,564,445	$7,721,427	$198,884
2021	$3,888,717	$2,424,562	$7,996,773	$1,464,155
2020	$2,870,687	$2,737,023	$6,322,037	$133,664
2019	$3,953,924	$3,313,958	$6,225,079	$639,966

CALIFORNIA VETERINARY MEDICAL ASSOCIATION