Academy of Managed Care Pharmacy Foundation

EIN: 223107061 501(c)(3) Health Care

Alexandria, VA

Total Revenue
$990,447
Total Expenses
$1,175,837
Total Assets
$1,658,997
Net Assets
$635,296
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NJ
Principal Officer
Susan A Cantrell
Phone
7036842600
Tax Period
2024-01-01 to 2024-12-31

Academy of Managed Care Pharmacy Foundation, founded in 1990, is a small nonprofit in the Health Care sector that reported $990K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

To strengthen managed care pharmacy by investing in future-focused research and inspiring the next generation to improve patient health.

Program Service Accomplishments

Program 1
Expenses: $504,233 Revenue: $404,499

Through AMCP Foundation's immersive internships, student pharmacists gain knowledge of health plans, pharmacy benefit management companies, employer sites, the biopharmaceutical industry, non-profit...

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Through AMCP Foundation's immersive internships, student pharmacists gain knowledge of health plans, pharmacy benefit management companies, employer sites, the biopharmaceutical industry, non-profit organizations, and other groups. In 2024, eleven student pharmacists completed internships ranging from 10 weeks to 6 months in partnership with the AMCP Foundation and grantor companies. These emerging leaders learned managed care pharmacy concepts such as health equity, formularies, benefit design, medication therapy management, and adherence. All interns completed a capstone research project, which introduced them to evidence-based decision-making methodologies and principles of health outcomes and pharmacoeconomics.

Program 2
Expenses: $149,309 Revenue: $200,000

Symposium: The 2024 AMCP Foundation Symposium convened diverse health care stakeholders to explore strategies toimprove medication use and outcomes for underserved populations. Through a combination...

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Symposium: The 2024 AMCP Foundation Symposium convened diverse health care stakeholders to explore strategies toimprove medication use and outcomes for underserved populations. Through a combination of plenary sessions, working breakout discussions, and collaborative solution-capturing, participants examined critical challenges and identified actionable strategies to reduce disparities. A key outcome of the symposium is theBlueprint for Action, a document that outlines concrete steps for stakeholders to address systemic medication access, affordability, and adherence issues.

Program 3
Expenses: $97,376 Revenue: $97,376

Emerging Trends: AMCP Foundation's Emerging Trends Initiative leverages robust survey data and expert perspectives to outline key developments within the broader health care landscape that are likely...

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Emerging Trends: AMCP Foundation's Emerging Trends Initiative leverages robust survey data and expert perspectives to outline key developments within the broader health care landscape that are likely to significantly impact managed care pharmacy. In 2024, the initiative highlighted future trends across information technology, therapeutics and diagnostics, payment models, pharmacy operations, and public policy verticals. The findings were published in The Journal of Managed Care + Specialty Pharmacy (JMCP) and used to facilitate discussions between health care stakeholders, focusing on providing opportunities to collaborate on solutions.

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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 (2024)

Revenue Breakdown

Contributions & Grants $88,429
Program Service Revenue $818,175
Investment Income $83,843
Other Revenue $0
TOTAL REVENUE $990,447

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $395,410
Fundraising Expenses $62,501
Program Expenses $807,527
Other Expenses $772,427
TOTAL EXPENSES $1,175,837

Year-over-Year Comparison

2024 2023 Change
Revenue $990,447 $795,212 +0.2%
Expenses $1,175,837 $934,002 +0.3%
Net Income $-185,390 $-138,790 +0.3%
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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
113

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
6
$1,434,596
Total Directors
9
$971,276
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Annesha White President 1.00
Officer Director
$0 $0 $0
Matt Hurlburt Immediate Past President 1.00
Director
$0 $0 $0
Alan Arville Vice President 1.00
Officer Director
$0 $0 $0
Summerpal Kahlon Treasurer 1.00
Officer Director
$0 $0 $0
Michael Manolakis Trustee 1.00
Director
$0 $0 $0
Mona Chitre Trustee 1.00
Director
$0 $0 $0
Josephine Nhu Tran Trustee 1.00
Director
$0 $0 $0
Elaine Yu Trustee 1.00
Director
$0 $0 $0
Susan Cantrell CEO, Chair of the Board of Trustees 0.50
Officer Director
$0 $83,051 $971,276
Mark Milligan CFO 0.50
Officer
$0 $32,574 $394,685
Mitzi Wasik Exec. Dir, AMCP FDN (From 09/24) 0.50
Officer
$0 $1,056 $68,635
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 $990,447 $1,175,837 $1,658,997 $-185,390
2023 $795,212 $934,002 $1,710,169 $-138,790
2022 $849,824 $942,918 $1,736,403 $-93,094
2021 $904,603 $756,974 $2,222,806 $147,629
2020 $793,399 $721,604 $2,058,516 $71,795
2019 $902,086 $1,081,292 $1,755,908 $-179,206
2018 $1,133,369 $1,298,863 $1,681,181 $-165,494
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