Civic Intelligence

Kentucky Veterinary Medical Association Inc

EIN 61-0621044 • 501(c)6 • Frankfort, KY

Profile

Protect and improve welfare of veterinary profession in kentucky

108 Consumer LaneFrankfort, KY 40601

kvma.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,409,864

Up $136,008 (+11%) from 2023

Liabilities

Down

$1,703

Down $1,086 (-39%) from 2023

Net Assets

Up

$1,408,161

Up $137,094 (+11%) from 2023

Operations
Liabilities / Revenue17th percentileNet Margin68th percentile

Revenue

Up

$565,615

Up $83,732 (+17%) from 2023

Expenses

Up

$503,920

Up $47,146 (+10%) from 2023

Net Income

Up

$61,695

Up $36,586 (+146%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $453,412Liabilities 2011: $464Net Assets 2011: $452,9482011Assets 2012: $513,797Liabilities 2012: $0Net Assets 2012: $513,7972012Assets 2013: $680,804Liabilities 2013: $0Net Assets 2013: $680,8042013Assets 2014: $712,778Liabilities 2014: $1,700Net Assets 2014: $711,0782014Assets 2015: $702,486Liabilities 2015: $0Net Assets 2015: $702,4862015Assets 2016: $770,036Liabilities 2016: $0Net Assets 2016: $770,0362016Assets 2017: $879,119Liabilities 2017: $1,394Net Assets 2017: $877,7252017Assets 2018: $864,150Liabilities 2018: $1,303Net Assets 2018: $862,8472018Assets 2019: $984,428Liabilities 2019: $2,959Net Assets 2019: $981,4692019Assets 2020: $1,106,463Liabilities 2020: $2,915Net Assets 2020: $1,103,5482020Assets 2021: $1,223,072Liabilities 2021: $3,011Net Assets 2021: $1,220,0612021Assets 2022: $1,187,122Liabilities 2022: $2,184Net Assets 2022: $1,184,9382022Assets 2023: $1,273,856Liabilities 2023: $2,789Net Assets 2023: $1,271,0672023Assets 2024: $1,409,864Liabilities 2024: $1,703Net Assets 2024: $1,408,1612024

Highlighted filing

2024

Assets$1,409,864
Liabilities$1,703
Net Assets$1,408,161
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Expenses 2011: $332,3932011Expenses 2012: $316,9932012Revenue 2013: $375,753Expenses 2013: $314,667Net Income 2013: $61,0862013Revenue 2014: $354,857Expenses 2014: $305,249Net Income 2014: $49,6082014Revenue 2015: $378,639Expenses 2015: $349,281Net Income 2015: $29,3582015Revenue 2016: $389,595Expenses 2016: $340,077Net Income 2016: $49,5182016Revenue 2017: $402,632Expenses 2017: $324,561Net Income 2017: $78,0712017Revenue 2018: $404,838Expenses 2018: $359,634Net Income 2018: $45,2042018Revenue 2019: $398,484Expenses 2019: $351,018Net Income 2019: $47,4662019Revenue 2020: $278,915Expenses 2020: $205,145Net Income 2020: $73,7702020Revenue 2021: $399,510Expenses 2021: $361,826Net Income 2021: $37,6842021Revenue 2022: $472,932Expenses 2022: $410,458Net Income 2022: $62,4742022Revenue 2023: $481,883Expenses 2023: $456,774Net Income 2023: $25,1092023Revenue 2024: $565,615Expenses 2024: $503,920Net Income 2024: $61,6952024

Highlighted filing

2024

Revenue$565,615
Expenses$503,920
Net Income$61,695
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,409,864
Liabilities
$1,703
Net assets
$1,408,161
Revenue
$565,615
Expenses
$503,920
Net income
$61,695
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.00$1.41$0.57$0.50$0.06
2023Summary only. Only limited summary data is available for this year.$1.27$0.00$1.27$0.48$0.46$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.18$0.47$0.41$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.00$1.22$0.40$0.36$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.10$0.28$0.21$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$0.40$0.35$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.00$0.86$0.40$0.36$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$0.40$0.32$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$0.39$0.34$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.38$0.35$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.35$0.31$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.38$0.31$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$565,615
Mission and Program Overview

Mission

Protect and improve welfare of veterinary profession in kentucky

Protect and improve welfare of the veterinary profession in kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,045,893$1,172,462▲ $126,569
Savings and Temporary Cash Investments$143,235$182,845▲ $39,610
Cash and Non-Interest-Bearing Accounts$74,130$44,358▼ $29,772
Prepaid Expenses and Deferred Charges$10,000$10,000→ $0
Land, Buildings, and Equipment, Net$598$199▼ $399
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,273,856$1,409,864▲ $136,008
Other Assets Total-$0-
Liabilities
Other Liabilities$2,789$1,703▼ $1,086
Total Liabilities$2,789$1,703▼ $1,086
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,206,608$1,350,550▲ $143,942
Net Assets With Donor Restrictions$64,459$57,611▼ $6,848
Total Net Assets Fund Balance$1,271,067$1,408,161▲ $137,094
Total Liabilities and Net Assets / Fund Balance$1,273,856$1,409,864▲ $136,008

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$199$15,969$16,168
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Dr Ben RedmonPresident
Dr Wade KingPresident Elect
Debra HamelbackDirector
Dr Bridgette Dean-hinesDirector
Dr Cathryn WilliamsDirector
Dr Chris JollyDirector
Dr Christine CaseyDirector
Dr Debra ShouldersDirector
Dr Ernie MartinezDirector
Dr Frank ViceDirector
Dr James BeckmanDirector
Dr Jim WeberDirector
Dr John LasterDirector
Dr Kelly GiesbrechtDirector
Dr Lynn CassoneDirector
Dr Mandy WilliamsDirector
Dr Mark ChickDirector
Dr Marsha BullDirector
Dr Matt McglassonDirector
Dr Shawn TusseyDirector
Dr Stacey HutchisonDirector
Dr Steve VelascoDirector
Joan ArnoldDirector
Debra HambelbackExecutive Director
Dr Lauren MirusSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$485,784
Investment Income
$64,986
Other Revenue
$14,845
Change in Net Assets
$61,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$391,227
Salaries, Compensation, and Employee Benefits$112,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$202,691
Other Salaries and Wages---$104,620
All Other Expenses---$38,995
Fees for Services Other---$38,660
Office Expenses---$13,852
Other Expenses---$11,441
Occupancy---$8,400
Payroll Taxes---$8,073
Insurance---$6,391
Fees for Services Accounting---$4,533
Depreciation Depletion---$399
Total Functional Expenses$0$0$0$503,920
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$9,665
Total Nondeductible Lobbying and Political Cost$9,665
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Charitable FoundRentNo$16,700

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$1,701
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 was distributed and approved for filing by the board of directors at the board meeting on may 12, 2020.”

Form 990, Part VI, Section B, Line 12C

“All board members and staff must adhere to the conflict of interest policy. The policy is reviewed by the executive board on an annual basis. If a conflict of interest exists, it must be disclosed in writing and approved by the board. The affected director abstains from voting in any matters related to the conflict of interest. All proceedings related to conflits of interest are documented in the minutes of the board meeting.”

Form 990, Part VI, Section B, Line 15A

“Indpendent executive board reviews executive director compensation and benefits package annually and signs and management contract. Board utilizes experience with industry compensation packages in determination. Kvma does not currently have any additional employees, but will review compensation packages for any management employee hired.”

Form 990, Part VI, Section C, Line 19

“The association does not make copies of financial statements nor the conflict of interest policy avaiable to the public at this time.”

Filing and Contact Details

Filer

Filer Name
Kentucky Veterinary Medical Association
EIN
61-0621044
Phone
5022265862
Address
108 CONSUMER LANE, FRANKFORT, KY 40601

Signing Officer

Name
Dr Laren Mirus
Title
Sec/treas
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
Ky
Voting Board Members
25
Independent Board Members
22
Employees
1

Preparer

Firm
Charles T Mitchell Co Pllc
Address
229 W MAIN ST STE 103, FRANKFORT, KY 40601
Preparer
Greg Miklavcic CPA
Phone
5022277395
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The review and approval process has not changed from the prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The association is not aware of any activities that would jeopardize its tax exempt status and is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes. As of december 31, 2020, there are no identified uncertain tax positions.”

Raw XML AppendixShowing 400 of 539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0565615
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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IRS990/DepreciationDepletionGrp/TotalAmt0399
IRS990/Desc0TO PROVIDE INFORMATION THROUGH QUARTERLY NEWSLETTERS & CONTINUING EDUCATION. THE ASSOCIATION SERVES APPROXIMATELY 1064 MEMBERS & OTHER NON-MEMBERS ATTENDING PROGRAMS.
IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt01
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IRS990/FeesForServicesOtherGrp/TotalAmt038660
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