American Association of Veterinary State Boards

Nonprofit profile at a glance

EIN
222390391
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Overland Park, KS, USA
Phone
8776988482
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$8,598,761
Expenses
$8,576,464
Assets
$19,143,527
Liabilities
$1,638,494

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • James Penrod (Chief Executive Officer/Non-voting Secretary)
  • Kim Gemeinhardt DVM (Immediate Past-President)
  • Frank Richardson DVM (President/Immediate Past-President)
  • Tim Kolb DVM (President-Elect/President)

Highest reported compensation

  • James Penrod (Chief Executive Officer/Non-voting Secretary): $401,305 total reported compensation
  • Elizabeth Venit VMD MPH DACVPM (Chief Veterinary Officer): $214,721 total reported compensation
  • Daphne Tabbytite (Chief Business Officer): $196,325 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support and advance the regulatory process for veterinary medicine.

What it reported doing in 2025

Veterinary Application for Uniform Licensure Transfer (VAULT) and Veterinary Information Verifying Agency (VIVA) - The VAULT services utilize the VIVA database, which houses verified, primary-source information such as educational records, national examination scores, credentials, disciplinary actions, and continuing education histories for veterinarians and veterinary technicians. VAULT delivers this verified data to Member Boards to support licensure and credentialing decisions. These services promote consistency, efficiency, and integrity in the licensure process. In 2024, the Association processed more than 12,300 score transfer and credential verification requests.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.6%; rating input score 75
  • Program expense ratio: 72%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 2.23; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 11.4% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 74.6% of revenue deployed · 72% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 8 filed program accomplishments · $6.2M in reported program spending
  • Leadership: top reported pay $401K · 18 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.