Michigan Veterinary Medical Association

Nonprofit profile at a glance

EIN
381485391
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Okemos, MI, USA
Phone
5173474710
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,246,816
Expenses
$1,368,532
Assets
$1,374,028
Liabilities
$22,865

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • LAWRENCE LETSCHE DVM (IMMEDIATE PAST PRESIDENT)
  • TIM DUNCAN DVM (SECOND VICE PRESIDENT)
  • ELAINE SHEIKH DVM (FIRST VICE PRESIDENT)
  • MATTHEW HYNES DVM (PRESIDENT ELECT)
  • DANA TATMAN-LILLY DVM (PRESIDENT)
  • BONNIFER BALLARD MLD CAE (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SHARON FANDEL (COO (ENDED 12/24)): $135,770 total reported compensation
  • BONNIFER BALLARD MLD CAE (CHIEF EXECUTIVE OFFICER): $101,598 total reported compensation
  • JOHN TRAMONTANA CAE (EXECUTIVE DIRECTOR (ENDED 3/24)): $64,208 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the science and art of veterinary medicine and its related branches. Improve, encourage, and support the development of veterinary service. Elevate the standards of veterinary medicine in all its branches. Protect the professional interest of duly qualified veterinarians. To procure the enactment of just and appropriate laws and regulations governing the practice of veterinary medicine, and direct public attention to the relationship of animal production and animal health to human welfare.

What it reported doing in 2024

Michigan veterinary conference/annual meeting served 740 people. Includes continuing education, opportunities, and a forum for professional development.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -9.8%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 22%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.7% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 20 of 20 board members independent · 5 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $136K · 23 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Sustainability: Operating margin scored 17/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.