World Pet Association Inc

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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

1951

Legal Domicile

Phone

6264472222

Tax Period

2023-01-01 to 2023-12-31

World Pet Association Inc, founded in 1951, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 23% operating margin.

Mission

Pet Industry Trade Association

Program Service Accomplishments

Program 1

Expenses: $9,110,189 Revenue: $13,096,985

Trade shows are organized for the purpose of information exchange, product display, education, and communications in the pet industry. These events include educational programs to help inform the...

Trade shows are organized for the purpose of information exchange, product display, education, and communications in the pet industry. These events include educational programs to help inform the industry, related industries, and the public about pet related issues.

Program 2

Expenses: $80,767 Revenue: $317,000

Dues paid by member organizations, businesses and individuals to gain access to the organizatons educational programs, trade shows and participation in other pet industry related activities.

Program 3

Expenses: $10,900 Revenue: $42,780

Educational Programs conducted for the benefit of members, related to the betterment of the conditions and environment in the pet industry.

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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 $112,000

Program Service Revenue $13,456,765

Investment Income $727,961

Other Revenue $0

TOTAL REVENUE $14,296,726

Expense Breakdown

Grants Paid $1,279,492

Salaries & Benefits $2,481,556

Fundraising Expenses $0

Program Expenses $9,201,856

Other Expenses $7,268,501

TOTAL EXPENSES $11,029,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,296,726	$11,439,219	+0.2%
Expenses	$11,029,549	$9,776,985	+0.1%
Net Income	$3,267,177	$1,662,234	+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

$416,078

Total Directors

$4,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Victor Mason	President	40.00	Officer	$381,600	$29,978	$411,578
Mike Karsting	Senior VP	40.00		$239,200	$11,006	$250,206
Jessica Guzman	VP Marketing	40.00		$175,000	$8,972	$183,972
Elizabeth Spivak	VP Sales	40.00		$169,018	$7,788	$176,806
James R Keyston	Sales & Exhibitor	40.00		$115,468	$15,114	$130,582
Micah Kohles	2nd Chair	2.00	Officer Director	$4,500	$0	$4,500
Michael Johnson	Director	0.00		$1,000	$0	$1,000
Chris Clevers	Chair Emeritus	2.00	Officer Director	$0	$0	$0
Michael Lasky	Director	2.00	Director	$0	$0	$0
Michael Lou	CFO	2.00	Officer Director	$0	$0	$0
Jennifer Larsen	Director	0.00	Director	$0	$0	$0
David Dieter	Secretary	2.00	Officer Director	$0	$0	$0
Sarah Goldberger	Director	2.00	Director	$0	$0	$0
Sandy Moore	Director	2.00	Director	$0	$0	$0
Heather Coots	1st Chair	2.00	Officer Director	$0	$0	$0
Jeff San Souci	Chairman	2.00	Officer Director	$0	$0	$0
Antoine Seailles	Director	2.00	Director	$0	$0	$0
Bill Trufant	Director	2.00	Director	$0	$0	$0
Jay Springer	Director	0.00	Director	$0	$0	$0
Keryn Rod	Director	2.00	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	No data	No data	No data	No data
2023	$14,296,726	$11,029,549	$21,899,085	$3,267,177
2022	$11,439,219	$9,776,985	$16,157,436	$1,662,234
2021	$10,936,183	$8,549,075	$15,219,121	$2,387,108
2020	$2,175,067	$6,519,359	$13,627,224	$-4,344,292
2019	$12,541,777	$10,155,386	$15,280,745	$2,386,391
2018	$11,222,168	$9,754,290	$12,860,496	$1,467,878