Texas Veterinary Medical Association
- Assets
- $8.4m
- Revenue
- $3.1m
- Investments
- $150.4k
- Employees
- 17
- Location
- Austin, TX
- Founding
- 08/1960
- Data as of
- 06/2023
- EIN
- 75-1094125
Organization Overview
Texas Veterinary Medical Association is located in Austin, TX. The organization was established in 1960. According to its NTEE Classification (D40) the organization is classified as: Veterinary Services, under the broad grouping of Animal-Related and related organizations. As of 06/2023, Texas Veterinary Medical Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Veterinary Medical Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Texas Veterinary Medical Association generated $3.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ADVOCATE FOR AND PROTECT THE VETERINARY MEDICAL PROFESSION AND TO ADVANCE ANIMAL HEALTH FOR THE WELL-BEING OF ANIMALS AND HUMANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS VETERINARIAN MAGAZINE - PUBLICATION OF A BI-MONTHLY MAGAZINE THAT INCLUDES COMMENTARY, FEATURE ARTICLES, NEWS BRIEFS, PROFILES OF VETERINARY LEADERS AND AWARD WINNERS, PRACTICE MANAGEMENT COLUMNS, AND THE TEXAS VETERINARY MEDICAL DIAGNOSTIC LABORATORY REPORT.
ANNUAL CONFERENCE - ANNUAL MEETING, CONTINUING EDUCATION AND EXHIBITS OF INTEREST FOR VETERINARIANS AND THOSE INTERESTED IN VETERINARY MEDICINE.
VETERINARY EMPLOYEE IMPROVEMENT PROGRAMS - SUPPORTS THE CONTINUING EDUCATION AND CERTIFICATION OF VETERINARY TECHNICIANS AND ASSISTANTS AS A MEANS TO IMPROVE BOTH THE SKILLS OF SUCH EMPLOYEES AND THE PRODUCTIVITY OF THE PRACTICE AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamra Walthall President | OfficerTrustee | 2 | $0 |
Jodi Long President-Elect | OfficerTrustee | 2 | $0 |
Donald Ferrill Chair Of The Board | OfficerTrustee | 2 | $0 |
H Keven Mcshane Treasurer | OfficerTrustee | 2 | $14,400 |
Susan Culp Council Chair | OfficerTrustee | 2 | $0 |
Amelia Vogt Council Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,500 |
| Total Program Service Revenue | $2,335,880 |
| Investment income | $137,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $483,994 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,851 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,076,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $285,094 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $920,270 |
| Pension plan accruals and contributions | $40,939 |
| Other employee benefits | $77,381 |
| Payroll taxes | $81,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,139 |
| Fees for services: Lobbying | $158,340 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,554 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,193 |
| Office expenses | $145,917 |
| Information technology | $1,905 |
| Royalties | $0 |
| Occupancy | $210,650 |
| Travel | $73,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $558,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,897 |
| Insurance | $15,133 |
| All other expenses | $86,420 |
| Total functional expenses | $2,814,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,835 |
| Savings and temporary cash investments | $896,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,363 |
| Net Land, buildings, and equipment | $1,334,396 |
| Investments—publicly traded securities | $5,288,674 |
| Investments—other securities | $150,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,366,652 |
| Accounts payable and accrued expenses | $62,630 |
| Grants payable | $0 |
| Deferred revenue | $738,031 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $800,661 |
| Net assets without donor restrictions | $7,565,991 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,366,652 |