MASSACHUSETTS SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC (EIN 042934946) - 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

1945

Legal Domicile

Principal Officer

NEIL GILCHRIST

Phone

9782509847

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC, founded in 1945, is a small nonprofit that reported $245K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MASSACHUSETTS SOCIETY OF HEALTH-SYSTEM PHARMACISTS IS DEDICATED TO ADVOCATE FOR THE IMPROVEMENT IN MEDICATION AND ENHANCEMENT OF PATIENT SAFETY ON BEHALF OF PHARMACISTS AND PHARMACY PERSONNEL WHO PRACTICE IN HOSPITALS AND HEALTH SYSTEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $48,493

Program Service Revenue $189,032

Investment Income $7,228

Other Revenue $606

TOTAL REVENUE $245,359

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $275,526

TOTAL EXPENSES $278,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,359	$327,986	-0.3%
Expenses	$278,026	$256,086	+0.1%
Net Income	$-32,667	$71,900	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL GILCHRIST	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIN TAYLOR	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
FRANCESCA MERNICK	TREASURER	2.00	Officer Director	$0	$0	$0
ANTONIA DEQUEVADO	SECRETARY	2.00	Officer Director	$0	$0	$0
MONICA MAHONEY	IMMED PAST P	2.00	Officer Director	$0	$0	$0
LINDSAY ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
RUCHIT MARFATIA	DIRECTOR	2.00	Director	$0	$0	$0
YULIA MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
JASON MORDINO	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE HOOK	DIRECTOR	2.00	Director	$0	$0	$0

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
2024	$245,359	$278,026	$612,497	$-32,667
2024	No data	No data	No data	No data
2023	$327,986	$256,086	$645,164	$71,900
2022	$162,506	$136,794	$573,264	$25,712
2021	$199,236	$100,901	$547,552	$98,335
2019	$233,332	$176,917	$468,910	$56,415

MASSACHUSETTS SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC