MISSISSIPPI INDEPENDENT PHARMACIES ASSOCIATION (EIN 030466551) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

AMY WILSON

Phone

6019570007

Tax Period

2025-01-01 to 2025-12-31

MISSISSIPPI INDEPENDENT PHARMACIES ASSOCIATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $308K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $399K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION IS A POLITICAL ADVOCATE FOR THE INDEPENDENT PHARMACISTS OF MISSISSIPPI.

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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 (2025)

Revenue Breakdown

Contributions & Grants $258,552

Program Service Revenue $48,563

Investment Income $1,165

Other Revenue $0

TOTAL REVENUE $308,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,750

Fundraising Expenses $0

Other Expenses $245,029

TOTAL EXPENSES $398,779

Year-over-Year Comparison

	2025	2024	Change
Revenue	$308,280	$329,426	-0.1%
Expenses	$398,779	$442,037	-0.1%
Net Income	$-90,499	$-112,611	-0.2%

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

N/A

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

$102,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STRONG	DIRECTOR	2.00	Director	$0	$0	$0
JOE MOHAMED	DIRECTOR	2.00	Director	$0	$0	$0
BRENT SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ABE HUTTO	DIRECTOR	2.00	Director	$0	$0	$0
JOE MICHAEL ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
ROCKY MCGARITY	DIRECTOR	2.00	Director	$0	$0	$0
MARTY BINGER	DIRECTOR	1.00	Director	$0	$0	$0
KIM RODGERS	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL LOVE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE SCOGGINS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DOZIER	EXECUTIVE DIRECTOR	40.00	Officer	$102,083	$0	$102,083

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
2025	$308,280	$398,779	$258,339	$-90,499
2024	$329,426	$442,037	$348,838	$-112,611
2023	$367,879	$439,416	$461,449	$-71,537
2022	$497,999	$472,859	$532,986	$25,140
2021	$504,585	$466,123	$507,846	$38,462
2020	$492,205	$393,431	$469,384	$98,774
2019	$500,113	$489,527	$370,610	$10,586
2018	$450,184	$492,768	$360,024	$-42,584

MISSISSIPPI INDEPENDENT PHARMACIES ASSOCIATION