National Assn of Chain Drug Stores Inc

EIN: 135582579

Arlington, VA

Total Revenue
$40,317,877
Total Expenses
$39,681,382
Total Assets
$104,722,094
Net Assets
$71,072,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
VA
Principal Officer
Steven C AndersonFASAECAEIOM
Phone
7035493001
Tax Period
2023-01-01 to 2023-12-31

National Assn of Chain Drug Stores Inc, founded in 1933, is a mid-sized nonprofit that reported $40.3M in total revenue in fiscal year 2023.

Mission

To advance the interests and objectives of the chain community pharmacy industry, by fostering its growth and promoting its role as a provider of healthcare services and consumer products.

Program Service Accomplishments

Program 1

ANNUAL MEETING - 2,000+ registrants. Directors and officers are elected. Key addresses by chairman of the board, president, and guest speakers. Provides attendees information regarding business...

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ANNUAL MEETING - 2,000+ registrants. Directors and officers are elected. Key addresses by chairman of the board, president, and guest speakers. Provides attendees information regarding business, management, merchandising, operations, etc. Provides a forum for executive-level meetings between chain drug members and supplier partners.

Program 2

CONFERENCES AND TRADE SHOWS - 4,000+ registrants. Two conferences held annually. Topics addressed include general merchandising trends, pharmacy and professional issues, health and wellness, and...

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CONFERENCES AND TRADE SHOWS - 4,000+ registrants. Two conferences held annually. Topics addressed include general merchandising trends, pharmacy and professional issues, health and wellness, and operational concerns of regional chain drug store retailers. Exhibit hall format with some general business sessions included.

Program 3

FEDERAL AND STATE GOVERNMENT AFFAIRS PROGRAMS - Congressional relations program designed to communicate industry issues of concern to members of Congress; legislative and regulatory liaison designed...

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FEDERAL AND STATE GOVERNMENT AFFAIRS PROGRAMS - Congressional relations program designed to communicate industry issues of concern to members of Congress; legislative and regulatory liaison designed to keep members informed on important legislative and regulatory developments. Similar program at the state government level.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,950
Program Service Revenue $37,157,463
Investment Income $2,828,581
Other Revenue $279,883
TOTAL REVENUE $40,317,877

Expense Breakdown

Grants Paid $63,260
Salaries & Benefits $17,613,166
Fundraising Expenses $0
Other Expenses $22,004,956
TOTAL EXPENSES $39,681,382

Year-over-Year Comparison

2023 2022 Change
Revenue $40,317,877 $40,499,380 0.0%
Expenses $39,681,382 $34,802,999 +0.1%
Net Income $636,495 $5,696,381 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
59
Volunteers
50

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
5
$2,998,574
Total Directors
20
$2,405,819
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven C AndersonFASAECAE President & CEO 39.00
Officer Director
$2,335,583 $70,236 $2,405,819
James A Whitman SVP Member Programs/Services 40.00
$1,200,125 $65,329 $1,265,454
Christopher P Krese SVP Congressional Relations & Com's 40.00
$758,013 $71,369 $829,382
David M Fitzsimmons SVP Finance 38.00
Officer
$521,936 $70,819 $592,755
Christie Boutte SVP Reimb, Advocacy & Innovation 40.00
$509,141 $59,213 $568,354
Sara Roszak SVP Health & Wellness Strategy 30.00
$486,585 $73,149 $559,734
Michael Ayotte SVP Pharmacy Transform & Advocacy 40.00
$477,242 $66,753 $543,995
Mary Ellen Kleiman VP Legal Affairs 40.00
$462,676 $37,400 $500,076
Terrance Arth VP Member Programs 40.00
$405,610 $68,409 $474,019
Kevin Nicholson VP Regulatory Aff 40.00
$376,531 $52,060 $428,591
Sandra Kay Guckian VP State Govt 40.00
$329,501 $45,955 $375,456
William Tighe VP Federal Affairs 40.00
$311,124 $63,106 $374,230
Mike Wysong Chair 5.00
Officer Director
$0 $0 $0
Kevin Host Vice Chair 5.00
Officer Director
$0 $0 $0
Rick Gates Treasurer 1.00
Officer Director
$0 $0 $0
Brad Cochran Director 1.00
Director
$0 $0 $0
Randy Edeker Director 1.00
Director
$0 $0 $0
Lynne Fruth Director 1.00
Director
$0 $0 $0
Omer Gajial Director 1.00
Director
$0 $0 $0
Mark Griffin Director 1.00
Director
$0 $0 $0
Sean Jackson Director 1.00
Director
$0 $0 $0
Nimesh Jhaveri Director 1.00
Director
$0 $0 $0
Rick Keyes Director 1.00
Director
$0 $0 $0
Colleen Lindholz Director 1.00
Director
$0 $0 $0
Robert Narveson Director 1.00
Director
$0 $0 $0
Martin Otto Director 1.00
Director
$0 $0 $0
Craig Painter Director 1.00
Director
$0 $0 $0
Luke Rauch Director 1.00
Director
$0 $0 $0
Dain Rusk Director 1.00
Director
$0 $0 $0
Karen Staniforth Director 1.00
Director
$0 $0 $0
Sharon Sternheim Director 1.00
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 No data No data No data No data
2023 $40,317,877 $39,681,382 $104,722,094 $636,495
2022 $40,499,380 $34,802,999 $97,504,027 $5,696,381
2021 $18,011,694 $26,804,445 $98,528,710 $-8,792,751
2020 $33,053,094 $30,883,000 $104,384,631 $2,170,094
2019 $42,092,544 $39,093,980 $106,595,035 $2,998,564
2018 $41,978,115 $38,247,559 $93,994,387 $3,730,556
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