TEXAS SOCIETY OF HEALTH-SYSTEM PHA… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

LEAH CODY

Phone

5129060564

Tax Period

2024-07-01 to 2025-06-30

TEXAS SOCIETY OF HEALTH-SYSTEM PHARMACISTS, founded in 1949, is a small nonprofit that reported $802K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $896K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FACILITATE AND ENHANCE THE GROWTH, PROFESSIONAL DEVELOPMENT, PRACTICE AND RECOGNITION OF MEMBERS AND TO IMPACT HEALTH SYSTEM PHARMACY PRACTICE, THEREBY IMPROVING PATIENT CARE

Program Service Accomplishments

Program 1

ANNUAL SEMINAR AND OTHER EDUCATIONAL PROGRAMS - HELD THROUGHOUT THE YEAR IN ORDER TO EDUCATE MEMBERS WITHIN THE PROFESSION

Program 2

MAGAZINES AND OTHER PUBLICATIONS - TO EDUCATE MEMBERS ABOUT CURRENT DEVELOPMENTS WITHIN THE PROFESSION

Program 3

LEGISLATIVE - MONITOR AND SUPPORT LEGISLATION OF DIRECT INTEREST TO THE PROFESSION

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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 $14,100

Program Service Revenue $734,681

Investment Income $12,554

Other Revenue $40,600

TOTAL REVENUE $801,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,185

Fundraising Expenses $0

Other Expenses $458,413

TOTAL EXPENSES $895,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$801,935	$905,021	-0.1%
Expenses	$895,598	$845,924	+0.1%
Net Income	$-93,663	$59,097	-2.6%

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

Volunteers

175

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

$109,023

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY WAGNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON REICH	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
RODNEY COX	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PREM OOMMEN	SECRETARY	1.00	Officer Director	$0	$0	$0
WESLEY WELLS	TREASURER	1.00	Officer Director	$0	$0	$0
KIRK EVOY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE READY	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE DUGIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNA SUMMERLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE UDEANI	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE DE LUNA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE CHAFFINO	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE MILLIKAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIBUOKEM G AMUNEKE-NZE	BOARD MEMBER	1.00	Director	$0	$0	$0
GWENDOLYN G BURGESS	BOARD MEMBER	1.00	Director	$0	$0	$0
VIDA HADDAD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH PRESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEEDEE LESCHKE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY HOBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
ATRA MOUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIGAR TRIVEDI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SERENA SPURLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
REBA FORBESS	BOARD MEMBER	1.00	Director	$0	$0	$0
SONDRA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH BLACKWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES HINES	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH CODY	EXECUTIVE DIRECTOR	40.00	Director	$101,767	$7,256	$109,023

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	$801,935	$895,598	$1,015,619	$-93,663
2024	$905,021	$845,924	$1,106,240	$59,097
2023	$774,865	$658,760	$1,086,643	$116,105
2022	$628,838	$616,599	$922,432	$12,239
2021	$651,325	$598,320	$926,320	$53,005
2020	$292,048	$692,922	$1,023,560	$-400,874
2019	$796,107	$754,019	$1,200,131	$42,088
2018	$809,517	$728,051	$1,007,955	$81,466

TEXAS SOCIETY OF HEALTH-SYSTEM PHARMACISTS