AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS RESEARCH AND EDUCATION FDTN (EIN 237033369) - 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

1968

Legal Domicile

Principal Officer

KELLY MCCORMICK-SULLIVAN

Phone

3016648612

Tax Period

2024-06-01 to 2025-05-31

AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS RESEARCH AND EDUCATION FDTN, founded in 1968, is a community nonprofit in the Religion sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 9% surplus.

Mission

THE MISSION OF THE ASHP FOUNDATION IS TO SUPPORT ASHP BY ADVANCING (CONTINUED ON SCHEDULE O)THE PROFESSIONAL PRACTICE OF PHARMACISTS AND THE PHARMACY WORKFORCE BY FUNDING RESEARCH AND EDUCATION THAT IMPROVES HEALTH OUTCOMES THROUGH OPTIMAL, SAFE, AND EFFECTIVE MEDICATION USE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,714,721

Program Service Revenue $1,199,097

Investment Income $671,657

Other Revenue $0

TOTAL REVENUE $3,585,475

Expense Breakdown

Grants Paid $730,281

Salaries & Benefits $1,787,502

Fundraising Expenses $776,326

Program Expenses $2,103,974

Other Expenses $727,499

TOTAL EXPENSES $3,245,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,585,475	$2,985,544	+0.2%
Expenses	$3,245,282	$3,370,175	0.0%
Net Income	$340,193	$-384,631	-1.9%

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

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

100

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

$1,438,105

Total Directors

$1,458,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MCCORMICK-SULLIVAN	SECRETARY AND CEO	40.00	Officer Director	$185,739	$21,334	$207,073
KELLY M SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
KEN PEREZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL W ABRAMOWITZ	PRESIDENT	2.00	Officer Director	$0	$65,673	$1,231,032
CHRISTENE JOLOWSKY	TREASURER	1.00	Officer Director	$0	$0	$0
ROGER ANDERSON	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
CHRIS HATWIG	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
WENDY HORTON	DIRECTOR AT LARGE	1.00	Director	$0	$0	$800
ELLEN MENARD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
THOMAS J RICE	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
SCOTT M SAMSON	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
LINDSEY THOMAS	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
JON ZWINSKI	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
NISHAMINY KASBEKAR	IMMEDIATE PAST PRESIDENT OF ASHP	1.00	Director	$0	$0	$10,000
LEIGH BRISCOE-DWYER	PRESIDENT OF ASHP	1.00	Director	$0	$0	$10,000
BARBARA NUSSBAUM	VP, RESEARCH AND EDUCATION	40.00	Highest	$206,516	$56,945	$263,461
MARTHA CREWS	VP, DEVELOPMENT	40.00	Highest	$148,601	$50,167	$198,768
STEPHANIE BROWN	SENIOR DIRECTOR, OPERATIONS	40.00	Highest	$134,570	$28,842	$163,412
STEVEN A RUBLOFF	SECRETARY AND CEO	40.00		$242,866	$46,353	$289,219

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	$3,585,475	$3,245,282	$14,275,101	$340,193
2024	$2,985,544	$3,370,175	$13,572,570	$-384,631
2023	$3,278,745	$2,993,667	$12,995,656	$285,078
2022	$3,253,731	$2,747,285	$13,385,213	$506,446
2021	$4,914,077	$2,616,381	$13,642,380	$2,297,696
2020	$2,372,351	$2,585,981	$9,865,167	$-213,630
2019	$2,764,468	$2,593,321	$10,276,086	$171,147
2018	$3,194,699	$3,179,001	$10,165,674	$15,698

AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS RESEARCH AND EDUCATION FDTN